Page 2694 - Economy & Policy News

Cash withdrawal still high across the country, more ATMs functioning

According to the officials, Rs 65-70 billion was the average cash withdrawn from ATMs per day

Govt receives many queries on Air India from non-aviation entities

Two of the major Indian airline companies, IndiGo, and Jet Airways, as well as the Tatas, have reportedly ruled themselves out from the bidding race to buy Air India

Cash crunch woes: Deposits reduce, ATMs cut-to-size, money movement totters

Many PSBs are in the process of rationalisation of ATMs

States with dry ATMs received highest share of currency notes in 2017-18

An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation

Govt plans changes to insolvency law; homebuyers likely to benefit

The planned ordinance is also, it appears, to add a separate framework for micro, small and medium sized enterprises

Govt to continue talks with RBI on easing non-performing asset norms

Officials said the Prime Minister's Office and Finance Minister Arun Jaitley had been apprised of the matter

CCI imposes Rs 2.15 bn fine on Everyday, Indo National for unfair biz ways

The fines imposed on Eveready and Indo National have been reduced by 30 per cent and 20 per cent

Cash crunch: 86% of ATMs working, notes being printed 24x7, assures govt

Such overtime printing was last seen post demonetisation when the printing of new Rs 2,000 notes was fast-tracked to meet the liquidity shortage in the market

India claims top spot for 2018 growth among major economies: Poll

For the next fiscal year, growth is expected to average 7.5 percent, a touch lower than the IMF's forecast of 7.8 percent

US Pacific Command chief seeks to break down Russia's influence in India

Davidson's statement comes just days after Defence Minister Nirmala Sitharaman snubbed Russian arms exhibitors at Defexpo 2018 in Chennai

IMF lauds India for 'right policies' to lower debt, bats for transparency

IMF on Wednesday warned that an unexpected rise in the US inflation, resulting from the aggressive fiscal stimulus launched by President Donald Trump

Golden days of ATM over: 5 bank-run ATMs shut every day in India in last yr

Bihar and Andhra Pradesh have the highest numbers of ATMs shut down across India

Is the public hoarding cash? Look at income velocity for answers, says SBI

Income velocity based on currency with the public went down from 0.93 in October to 0.84 in March says a report from SBI's economic research department

Indian banks' NPA woes: Privatisation no solution; stronger watchdog maybe?

Propping up bloated and inefficient state lenders would seem to ensure a repeat of the current crisis

Amid data scandal, Facebook rolls out new privacy choices under EU rules

The statement said users will be told that facial recognition is optional, but that it could offer some benefit, such as being notified when someone is using an unauthorized picture

With the ongoing cash crunch, digital money gets another lifeline

As news of no-cash flooded social media sites and news channels, the past 24 hours have seen a surge in people queuing to get the KYC done

PM Modi, May discuss economic offender issue, tech partnership post-Brexit

The two leaders discussed the recommendations of the recently completed UK-India joint trade review, and decided to work together on a sector-based roadmap, to reduce barriers to trade

Supreme Court says biometric authentication of Aadhaar prone to misuse

If a person is unable to get ration due to failure of authentication, then any other family member can produce the Aadhaar number to get the benefits

Modi in London: 'Bharat ki Baat' event, India-UK enhance ties; highlights

Theresa May and Narendra Modi discussed a new UK-India Tech Partnership, which will create thousands of jobs and generate significant investment in both economies

Wrong info in ITR will be reported to employers: I-T to salaried class

The tax filing season for salaried class taxpayers has just begun with the Central Board of Direct Taxes (CBDT), that frames policy for the department, recently notifying the new ITRs