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About 38 results for "direct banking channels"

Note ban objective was to squeeze out cash: Jaitley
Rediff.com

Note ban objective was to squeeze out cash: Jaitley

With over Rs 15 lakh crore of junked currency coming back into the banking system post demonetisation, the government on Wednesday said a 'significant portion' of it could be black money. The tax authorities have found undisclosed income of Rs 17,526 crore and Rs 1,003 crore has been seized so far, the finance ministry said in a statement. 'A significant portion of SBNs (Specified Bank Notes) deposited could possibly be representing unexplained/black money,' the finance ministry said in a ... Rediff.com, 3 weeks ago
Rediff.com

The only purpose note ban served

With GDP down by 2 per cent, and with 99 per cent of banned notes making their way back into the banking system, whom did demonetisation benefit? Rediff.com's Utkarsh Mishra explains. What was the objective of demonetisation, or note ban, whatever you call it? And has it been achieved? Perhaps the architects of the scheme, if there are any, themselves don't know. There are many who claim it was a success, and there are others who say it wasn't. And not all of them are economists. Although ...
 Rediff.com3 weeks ago

Banking transactions of govt employees under CVC scanner

The Central Vigilance Commission (CVC) has stepped up its examination of suspicious banking transactions by government employees to check corruption. "The Commission is getting good inputs from the Financial Intelligence Unit (FIU) and necessary action is ...
 Deccan Herald2 months ago

Have You Been Mis-Sold Financial Products By Banks? Here's Help...

Posted by Equitymaster While a majority of the Indian banking industry is plagued with asset quality woes , a few of them continue to report good quarterly numbers. If you follow their press releases and financial disclosures, they record a steady rise in ...
 Equitymaster.com3 weeks ago
Sify

Home buying advice for young couples

While the cosmetics market and its customers wrestle with new age-defying and age-reversing concepts and products, there is one market segment that has actually discovered the fountain of youth. Over the three decades, the grey has been gradually leaching out ...
 Sify4 days ago
Mathrubhumi

Only for India: This is how Google's Tez payment app works

New Delhi: Tech giant Google on Monday joined the bandwagon of Unified Payment Interface (UPI) -based payment apps launching its "Tez" app. Tez, which means fast in Hindi, is a standalone payments app that can be downloaded on Android and iOS devices. It is ...
 Mathrubhumi5 days ago Google Tez Launched in India – Everything You Need to Know  Trak.in1 week ago
Rediff.com

It's growth vs fiscal deficit once again

The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target. Illustration: Uttam Ghosh/Rediff.com To revive economic growth after it crashed to its lowest level in Narendra Modi's tenure as prime minister, the Centre has just one recourse -- higher public spending. However, there are likely to be limits to that as well, in the face of a 'tough' fiscal deficit ...
 Rediff.com1 week ago

Economy under renovation

Given sharp cuts to FY18 but not to FY19 Nifty EPS, FY19E growth is now at 23% YoY. Analysts generally lack clarity 1.5-2 years out, but currently visibility is abnormally low on many macroeconomic parameters as if a thick fog exists. Someof the macroeconomic ...
 The Financial Chronicle1 week ago

Dull End to the Week; Coal India Climbs 2%

Posted by Equitymaster Indian share markets continued to trade range bound in afternoon session as geopolitical tensions escalated in far east following another missile launch by North Korea that dampened the sentiment . At the closing bell, the BSE Sensex ...
 Equitymaster.com1 week ago Sensex & Nifty End at Record Highs; Bharti Airtel, TCS & Wipro Top Gainers  Equitymaster.com2 months ago
Rediff.com

Bullet trains and more: Modi, Abe's big plans

'Modi and Abe are working seriously for India-Japan bonhomie to grow stronger.''It is a win-win situation for both countries and the future look promising,' says Rajaram Panda, the Indian Council for Cultural Relations India Chair Visiting Professor at Reitaku University, Japan. IMAGE: December 2015: Prime Minister Narendra D Modi and his Japanese counterpart Abe Shinzo at the Ganga Aarti at the Dashashwamedh Ghat in Varanasi.   India-Japan ties are destined to scale another height with ...
 Rediff.com1 week ago
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