The RBI has asked the banks to temporarily increase the share of deposits parked with it since there’s no dearth of liquidity in the system.
As the demonetization, has entered Day 23, the government has formed a panel to push its agenda for a cashless economy.
On the 22nd Day of Demonetization, the Reserve Bank of India has taken a number of measures to ameliorate the economy badly hit by cash crunch.
The proposal is a part of the Income Tax Amendment Bill introduced in Lok Sabha by finance minister Arun Jaitley.
The report says the top 1% of rich Indians have increased their wealth at faster pace in the past two years, boosting their share from 53% in 2015 to 58.4% in the current year.
The Jamia Cooperative bank in Jasola, New Delhi gave Rs. 20,000 in denomination of 10 rupee coins to a man who came to withdraw money as the bank was short on current notes.
These petrol pumps can dispense Rs. 2,000 per card per day.
According to Raghav Chandra, chairman, NHAI, Paytm has won 40 out of 350 toll booth in the starting phase.
HSBC Global research expects the rupee to weaken to 68 by end-2016 and 69.5 by end-2017.
The amount includes loans worth of Rs. 1,201 crore given to Kingfisher Airline’s Vijay Mallaya.
The process which will begin in major cities from Tuesday, is similar to the kind of ink used during elections to prevent multiple voting.
The court refused to stay the Center’s notification demonetizing the old high-value currency notes and asked it to consider limits of cash withdrawal.