Stock Market Latest Updates: RBI rate cut fails to cheer market; Sensex falls 131 points, Nifty holds 8,600-level after three-session rally
Stock Market LIVE Updates: Sensex jumps over 1,100 points, Nifty above 9,000-level; Rupee surges ahead of RBI governor's presser at 10 AM
RBI will soon circulate new one rupee notes with a multicoloured look while the existing currency notes will also continue to be legal tender.
A Parliamentary panel has decided to summon RBI Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation
The Andhra Pradesh Chief Minister Chandrababu Naidu-headed committee on digitisation had in its report last month recommended a levy on cash deals beyond Rs 50,000 as it sought to discourage the use of physical currency.
"In less than 90 days, the whole process of remonetisation is almost complete. This speaks volumes about the way the remonetisation has been completed," he said.
The government has allowed Nabard to disburse Rs 21,000 crore through cooperative banks to farmers
Contradictory statements by PM Modi and Arun Jaitley in regard to permissible non-penalty cash deposits in banks is forcing people to ask: Who to believe?
Inter-ministerial body FIPB today cleared seven proposals envisaging foreign investment of Rs 100 crore.
The government today got cracking on the debit card fraud, asking banks concerned and RBI to submit report on the nature of security breach which compromised over 3.25 million cards and assured customers that strong action will be taken while their interests will not come to any harm.
Questioning the methodology adopted by Moody's, Finance Ministry today said the global agency has ignored reforms initiated by the government and it should not wait "till infinity" for them to take root before upgrading the country's sovereign rating.
Rajan, who will have the shortest tenure as RBI Governor since liberalisation began in 1991, decided not to seek a second term
As many as 14 foreign investment proposals including that of IBM India, Janalakshmi Financial Services and Macmillan Publishers International will come up for consideration before the inter-ministerial body FIPB later this week.
With the rupee breaching the 68 mark against US dollar, Finance Ministry today said it is keeping a close watch, along with RBI, on the domestic currency's movement and hoped that market volatility will stabilise soon.