Thrissur-based ESAF Microfinance on Friday received the final approval from the Reserve Bank of India to launch Small Finance Bank (SFB) and will start operations by January next year. ...
Lauding the government's surprise demonetisation move, Finance Minister Arun Jaitley on Friday said that it has attacked India's parallel economy that was running outside the banking system for the last 70 years and a "new normal" will become the way for the country. ...
The Congress on Friday demanded an unconditional apology from Prime Minister Narendra Modi for the over 50 deaths post the demonetistion move and said the series of guidelines issued in its wake showed that "confusion confounds the government completely"....
Both the houses of Parliament on Friday saw heated exchanges between the government and the opposition over the demonetisation issue, leading to disruptions of proceedings and eventually adjournments for the day. ...
Prime Minister Narendra Modi on Friday met President Pranab Mukherjee and apprised him of the measures taken by the government for people's convenience following the demonetisation decision. ...
The Supreme Court on Friday said that its collegiums has reiterated 43 names that were earlier recommended by it for appointment of judges to High Courts but were returned to it by the government for reconsideration....
The Supreme Court on Friday did not favour making public the names of individuals and companies with non-performing assets (NPAs) or bad loans of Rs 500 crore or more, and said what is important is how to recover the money and check its recurrence. ...
West Bengal Chief Minister Mamata Banerjee on Friday asked the Union government to desist from making "meaningless, action-less announcements" on the nationwide cash crunch and suggested that the old Rs 500 currency notes be allowed to remain in use to ease the money crisis. ...
Asking the government to ease the situation, the court observed if hardship continues "we may have riots" as "people have become frantic" through standing in queues for long hours....
Foreign fund outflows, along with a weak rupee and heightened chances of a US rate hike dragged the Indian equity markets lower on Friday. ...
