Demonetisation has led to channeling of public savings into the formal sector, which is likely to give a boost to credit from the banks, that may go for a differentiated interest rate policy on the basis of creditworthiness of borrowers, a top industry body said on Monday. "Demonetisation has created an enormous opportunity to channelise pu...
Cracks seem to have appeared in the opposition's concerted campaign against demonetisation as several parties have pulled out of a joint press conference called by the Congress here on Tuesday over the contentious issue. Many important partners of the anti-demonetisation campaign, such as Janata Dal-United (JD-U), the Left, Nationalist C...
A mere four days before the demonetisation deadline of December 30, by when the pains of customers are supposed to allay -- as Prime Minister Narendra Modi said -- bankers seemed to nurse no hopes of any comfort and expected long queues to slither into the new year and into the months that follow. "The rush is still there and ...
Continuing his tirade against Prime Minister Narendra Modi, Congress Vice-President Rahul Gandhi said on Monday that demonetisation was against the poor since only one per cent people in India hold black money and that too is invested in real estate, land and Swiss banks. "The note ban is a step taken against the poor, farmers and the middle-cla...
Though mobile data plans in India are among the cheapest in the world and average retail price of smartphones is steadily declining, yet nearly 950 million Indians do not have an Internet connection, according to a joint study done by Assocham-Deloitte. "Internet penetration is increasing in India, the access to affordable broadband, smart devic...
Two days ahead of formal launch of protest against demonetisation, RJD chief Lalu Prasad and his family have taken to social media to drum up support for the party's campaign against 'notebandi'. The Bihar's number one political family has been using Facebook and Twitter, for the first time, to denounce Prime Minister Narendra Mod...
Spooked by Prime Minister Narendra Modi's hint of raising taxes on stock market income, the key Indian equity market indices plunged further during afternoon trade on Monday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 71.90 points or 0.90 percent down at 7,913.85 points. The Sensex of the BSE, which opene...
Demonetisation of high value currency notes and digitisation of books evoked a mixed response at book fairs in northeast India. The ongoing book fairs in Agartala in Tripura and Silchar in Assam are two significant annual events for the book lovers, publishers and sellers as well as writers. Publishers and book sellers from Bangladesh, Kol...
If you think shopping is women's forte, think again. According to the e-commerce platform Flipkart, over 60 per cent of customers who purchased electronics, personal audio, footwear and lifestyle products on its platform in 2016 were men. According to the #FlipTrends2016 study, 25-34-year-olds comprised the most active shoppers online. Inte...
Union Minister for Road Transport and Shipping Nitin Gadkari on Monday inaugurated Sagarmala Development Company's (SDC) office here to promote port-led development in the country. The Sagarmala project aims at transforming existing ports into modern world class ports and integrate them. Addressing the media after the inauguration, Gadkari said...
