Union Minister for Information and Broadcasting M. Venkaiah Naidu on Wednesday said that Prime Minister Narendra Modi is aiming for a cashless economy and would not roll back the demonetisation move. "The government is committed to fight against corruption. This is also a fight against those who have not declared their black money. Modiji gave them time...
The Finance Ministry on Wednesday said that of the 2 lakh ATMs in the country, 82,000 have already been recalibrated and people can withdraw the new Rs 500 and Rs 2,000 notes from these. Economic Affairs Secretary Shaktikanta Das said it was only a matter of few days that the recalibration of all ATMs across the country would be completed. "Out of two lakh odd...
The government on Wednesday sanctioned Rs 21,000 crore from the National Bank for Agriculture and Rural Development (Nabard) to district cooperatives, which will be used towards crop loans for farmers with some cash component for payment of wages and agri-inputs. Briefing reporters, Economic Affairs Secretary Shaktikanta Das said the money sanctioned...
Aimed at testing systems and processes ahead of a full-scale pan-India launch, Airtel Payments Bank has rolled out a pilot of its banking services in Rajasthan, a company statement said here on Wednesday. Airtel Payments Bank is a subsidiary of Bharti Airtel. The bank will offer interest rate of 7.25 per cent per annum on deposits in savin...
A high percentage of start-ups are experiencing a slow down in receivables and transaction flow as a result of demonetisation of high-value currency notes, a survey has revealed. "A higher percent of start-ups and small and medium-sized enterprises (SMEs) experienced a slowdown in funding and expansion plans," according to a survey c...
West Bengal ministers and senior Trinamool Congress leaders on Wednesday participated in a massive protest rally organised by the state's ruling party here against the central government's demonetisation move. With the participants carrying placards, posters and festoons decrying the demonetisation of Rs 500 and Rs 1,000 currency no...
Congress Vice President Rahul Gandhi on Wednesday called the demonetisation a scam as opposition MPs staged a protest outside Parliament over the issue. Gandhi also said the opposition wanted a Joint Parliamentary Committee (JPC) to probe the issue. "We feel this decision is a scam. The Prime Minister had informed his close friends about this befor...
South Korean prosecutors on Wednesday raided the Samsung headquarters, the country's largest conglomerate, on bribery allegations....
The Supreme Court is likely to hear on Friday a PIL by NGO Common Cause seeking SIT investigation into alleged pay-offs by two corporate entities to several politicians ...
Alibaba Cloud, a cloud computing arm of China's Alibaba Group, said here on Monday that it launched a data centre in Dubai....
