BREAKING !  :  Members of Karnataka Pradesh Mahila Congress staged a protest over rise in prices of LPG cylinders in Bengaluru on Thursday. (Photo By Arrangement) Hoteliers fume over hike in LPG cylinder prices
 BREAKING !  :  Cyient founder B.V.R. Mohan Reddy. (Photo: Twitter) BVR Mohan Reddy: A living example for success by design
 
Nation In Other News 22 Nov 2016

Nation, In other news, 22 Nov 2016

Till November 18, people have exchanged and deposited over Rs 5.44 lakh crore worth of now-defunct notes while banks also disbursed Rs 1.03 lakh crore over the counter and via ATMs.

Rs 500, 1,000 notes not valid for deposits in small saving schemes

Small saving schemes include Post Office deposits public provident fund (PPF) and Sukanya Samriddhi.
22 Nov 2016 9:08 PM
According to RBI, it is imperative that farmers are adequately supported financially to ensure unhindered farming operations.

RBI asks banks to ensure supply of funds to rural cooperatives

The decision comes a day after Finance Minister Arun Jaitley had a meeting with RBI.
22 Nov 2016 8:59 PM
Former chairman Cyrus Mistry

Tata Sons asks Tata Power to convene EGM for Mistry removal

Mistry continued to be chairman of several listed companies of the Tata Group even after he was removed.
22 Nov 2016 8:00 PM
The 500 and 1000 rupee (Specified Bank Notes - SBNs) have been demonetised from November 9, 2016 in a crack down on black money.

Stern action against bank staff fraudulently exchanging notes: RBI

Banks have also been asked to remain prepared to provide details about the notes exchanged or deposited on short notice.
22 Nov 2016 7:51 PM
The company faces a mounting threat from Uber since Uber sold its China operations to Didi Chuxing in August

India's Ola adds entertainment features as ride-hailing competition rages

Ola Play, as the company has named the new feature, is aimed at attracting mostly business travelers
22 Nov 2016 7:48 PM
CBDT Chairman Sushil Chandra and Deputy Chief of Mission of Swiss Embassy in India Gilles Roduit today signed the 'Joint Declaration' for the implementation of Automatic Exchange of Information (AEOI) between the two nations.

India to get info on Swiss bank accounts from Sep 2019

The move has been made so that it will help fight the menace of black money stashed abroad.
22 Nov 2016 6:00 PM
With the recalibration, ATMs are now stocking 50-60 lakh cash and are able to cater to higher demand.

82,500 ATMs recalibrated to dispense new notes

These ATMs have been reset as per the direction of task force set up by the government to expedite the process.
22 Nov 2016 5:34 PM
The Naukri Job Speak Index for October 2016 stood at 1,580, recording a decrease of 8 per cent in hiring activity.

Hiring activity sees 8 per cent decline in October: Naukri.com

Hiring activity generally tends to slow down around festivals as recruiters go slow on hiring plans.
22 Nov 2016 5:00 PM
It is possible that this positive effect would soon outweigh the drag on revenue collection from lower short-term GDP growth," Fitch said.

Demonetisation to up revenue, may not support credit profiles: Fitch

Rating agency said the withdrawal of bank notes seems to be holding back economic activity.
22 Nov 2016 4:34 PM
About 32.14 cards of public and private sector banks was breached.

Data breach: 73 SBI cardholders reported fraud withdrawals

SBI had reported fraudulent withdrawals aggregating Rs 39.18 lakh till November 4.
22 Nov 2016 3:23 PM
Sebi may allow the angel funds to make overseas investments up to 25 per cent of their investible corpus, in line with other Alternative Investment Funds (AIFs).

Sebi mulling to allow FPIs to invest in unlisted NCDs

Sebi also plans to reduce minimum angel fund investment for venture capital firms to Rs 25 lakh from the current Rs 50 lakh.
22 Nov 2016 1:06 PM
Singaporean brokerage DBS has estimated that the gross value added to the economy can come down by up to 0.80 per cent lower than its 7.6 per cent target. (Representational image)

Note ban may hit GDP growth

Economy likely to slowdown in FY17.
22 Nov 2016 1:59 AM
According to it, the legislation could also improve recovery rate of asset reconstruction companies (ARCs), which has been low at an average of 36 per cent, with resolution taking about five years.

Bankruptcy Code to free up Rs 25,000 crore

The new code along with 100 per cent foreign direct investment in ARCs through the automation route is expected to boost capital flows.
22 Nov 2016 1:14 AM

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