Deploy majority of new Rs 500 notes in ATMs: RBI to banks

Deploy majority of new Rs 500 notes in ATMs: RBI to banks

As against the ATM withdrawal limit of Rs 2,500 per day per card, withdrawal limit from branches through the use of cheque books is Rs 24,000 in a day from an account.

Digi-banking: Despite incentives, regulatory gaps may hold up digital payments
Digi-banking: Despite incentives, regulatory gaps may hold up digital payments

Move towards rationalising MDR and aligning its estimation on the ‘work done’ principle could be in the offing.

Cash Crunch: Slowdown, more pain ahead, warns Kaushik Basu
Cash Crunch: Slowdown, more pain ahead, warns Kaushik Basu

According to him, the currency shortage in the country is unlikely to ease any time in the near future.

‘Making Economy More Digitised’: Demonetisation a digital detergent, says Nirmala Sitharaman
‘Making Economy More Digitised’: Demonetisation a digital detergent, says Nirmala Sitharaman

Sitharaman said it was the government’s intention to unearth black money and at the same time to familiarise people with smartphones and encourage them to make digital payments.

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The I-T department will look at all “unusual” and “suspicious” deposits made into accounts, even if they are less than Rs 2,50,000.

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The first month of demonitisation announcement saw a common theme running across the country, so far, as the real estate sector is concerned.

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The ripples can already be felt across real-estate markets in Gujarat, where property transactions of all kinds have decreased by 43 per cent in a single month after demonetisation.

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According to the officials of the revenue department, the number of sale deeds has decreased in all the three tehsils-Kharar, Mohali and Derabassi in the district.

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As per records with the revenue department, where there were 127 sale deeds between October 8 and November 8, there were only 91 sale deeds between November 9 and November 30.

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Insiders said that the property market has nose-dived.

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Post demonetisation, 212 people got their properties registered in Panchkula City, 155 in Kalka, 53 in Raipur Rani, 65 in Barwala and 15 in Morni.

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In November 2016, property registrations declined by 38 per cent compared to the last month.

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The decline has been very pronounced in Mumbai — one of the top realty markets in the country — at 39 per cent for registration of properties compared to 29.9 per cent across the state in eight registration circles.

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Akunis speaks about the policy initiatives taken by the Israeli government to boost an ecosystem of innovation in a relatively tensed geopolitical situation.

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India’s industrial output contracts by 1.9% after rising by 0.7% in September.

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Total tax collections at the end of November stood at Rs 9.64 lakh crore, 59 per cent of the Rs 16.26 lakh crore target for 2016-17.

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SBI said the executive committee of the central board approved to divest 3.9 per cent stake, or 3,90,00,000 equity shares of the life insurance subsidiary, at a price of Rs 460 per share.

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Move towards rationalising MDR and aligning its estimation on the ‘work done’ principle could be in the offing.

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According to him, the currency shortage in the country is unlikely to ease any time in the near future.