National & International Financial news and Updates

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remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017

Rupee vs US dollar, rupee projection, demonetisation, GST, UBS report, Indian currency

Indian rupee could fall sharply against US dollar by FY2018; Nifty to hit 8,800 by December: UBS

The Indian rupee could fall to 73 to the US dollar by end of FY2018, while the 50-scrip NSE Nifty could rise to 8,8800, says UBS.

Jan 11, 2017

India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar.

Jan 10, 2017

Banks asked to obtain PAN or Form 60 of all bank accounts

The information has to be provided to the ministry by February 28, and BSBDAs are exempted from the order.

Jan 9, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

Play

What is Fat Cat Wednesday?

Fat Cat Wednesday is a day where FTSE 100 bosses will have already earned more than the average worker in the UK makes all year.

Jan 4, 2017

Paytm, digital wallet, payments bank, online payments, digital payments, wallet service

5 things to know about Paytm's payments bank

The RBI on Tuesday gave approval to Paytm to launch its payments bank.

Jan 4, 2017

Indian railways, Railway coolies, India rail porters, coolies

Budget 2017: Railway coolies to get provident fund, pension benefits

The BJP government is planning to bring railway porters under the social security net of EPFO scheme.

Jan 2, 2017

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else.

Jan 2, 2017

India budget security, india budget 2017

Budget 2017: The halwa ceremony and the secrecy shrouding India's annual financial statement

Apart from economic priorities, India's finance minister has to deftly cope with political pressures and conflicting demands while outlining the Budget.

Dec 28, 2016

7th Pay Commission: Bad news for staff and pensioners of autonomous bodies as their pay revision may be delayed further

The Confederation of Central Government Employees and Workers (CCGEW) has already taken up the matter of the delay with the Centre.

Dec 25, 2016

Delhi Metro Corporation Limited (DMRC), delhi metro, delhi police, cisf

PM Modi accused of bribery again as 10 Delhi Metro stations go cashless with Paytm from January 1

Former AAP member and Swaraj Abhiyan founder Prashant Bhushan tweeted that the Prime Minister had taken bribes, and Arvind Kejriwal retweeted it.

Dec 24, 2016

SBI Buddy vs Paytm: SBI's 'desi' Buddy takes on 'somewhat Chinese' Paytm with banner of patriotism

SBI says its Buddy app is more secured, charges way less and is partly-owned by the government of India unlike Paytm, in which China's Alibaba has a stake.

Dec 23, 2016

US Federal Reserve needs more than 3 rate hikes next year: Jeffrey Lacker

As per this key member of the US Federal Reserve, more hikes would be required to contain any spike in inflation.

Dec 17, 2016

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An Indian farmer packs onions for sale in market in a field

'No Onion Month': Viral WhatsApp forward urges people to stop using onions in December

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