Demonetization is a generations memorable experience and is going to be one of the economic events of our time. Its impact is felt by every Indian citizen. Demonetization affects the economy through the liquidity side. Its effect will be a telling one because nearly 86% of currency value in circulation was withdrawn without replacing bulk … Continue reading “IMPACT OF DEMONETISATION ON MACROECONOMIC”

The tourism ministry is considering a proposal to extend the e-visa facility to business travellers. Meetings, incentives, conferences and exhibitions (MICE) is a significant segment within the tourism and hospitality sector and the government hopes e-visas for business travel will boost the segment further. Electronic visa would make it attractive for business travellers as they … Continue reading “Government wants E-visas for business travel will boost the segment further”

Non-resident Indians (NRIs) their passports to enter Reserve bank of India to exchange their demonetised currency notes. (NRIs) visiting India, especially for a short visit, to their native places are finding it difficult to exchange the demonetised currencies of ₹1,000 and ₹500 notes, as these notes can be exchanged only at RBI offices in Mumbai, … Continue reading “Striving of NRIs in Exchanging demonetised notes”

The Reserve Bank of India today placed on its website a Working Paper titled ‘Bank Lending and Loan Quality: The Case of India’ under the Reserve Bank of India Working Paper Series. The Paper is co-authored by Pallavi Chavan and Leonardo Gambacorta. The study analyses how non-performing loans (NPLs) of Indian banks behave through the … Continue reading “Bank Lending and Loan Quality: The Case of India”

Submitted by business_centrik on 16/02/2017 The Union Cabinet on Wednesday approved the merger of State Bank of India with five of its associate banks including State Bank of Bik aner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. The merger proposal was announced in May 2016 … Continue reading “Cabinet approves SBI merger with 5 associate banks”

Submitted by business_centrik on 12/01/2017 Passengers can access paid entertainment in trains, draw cash at station ATMs, The Indian Railways will put up ATMs on platforms in stations, offer music and movies in trains and ‘brand’ trains to boost advertising revenue. These and other initiatives to get revenue from non-fare sources were announced by Railway Minister Suresh … Continue reading “Railways to go on revenue track with ads, music, films”

Submitted by business_centrik on 28/12/2016 The penalties will be imposed on anyone who possess old Rs 500 and Rs 1000 notes post December 30, as the last date to deposit the demonetised money in banks would expire on this date. Only selected RBI branches would accept old currency of Rs 500 and Rs 1000 after December 30. … Continue reading “Holding old currency beyond March 31 could lead to a hefty fine or imprisonment”

India’s Minister of State for External Affairs Gen. V.K.Singh revealed that Indian Governmeent is looking for ways to link all insurance schemes in such  a  way that the interest of million of its expatriates are safegaurded, just like Philippinies has for its oversees workers.As part of country’s social security scheme ,Philippinies has schemes for thier housing and medical requirements,education for children … Continue reading “Benefits for expatriates”

After being tagged as anti poor NDA government has shifted their focus on farmers and  launched schemes like Saansad Adarsh Gram Yojana and Pradhan Mantri Krishi Sinchai Yojana. Mr.Modi wants to empower our farmers by starting schemes like this.Under these scheme 1.84crore soil health cards have been distributed,it also targets to cover all 14 crore farm holdings to all farmers by … Continue reading “Prosperous farmers for prosperous India”

A lot of schemes have been started for development in rural sector, but these schemes can achieve its target or not? “The government’s rural jobs programme is in its youth and centre will continue to push it with further allocation this year”, is what Rural Development Minister,Mr. Narendra Singh Tomar said.He also said that under rural development they … Continue reading “Rural Development is in progress”

Rate of exchange of conversion of the foreign currency with effect from 7th October, 2016 conversion.pdf

NITI Ayog will oranise its 1st global conference on National Initiative towards Strengthening Arbitration and Enforcement in India.This conference is a step to make India the next big hub for international commercial arbitration. In recent times, India has taken many steps to facilitate ease of doing business. These include a robust bankruptcy framework, a new digital … Continue reading “NITI Ayog to organize first global conference”

Seeks to amend Notification No. 27/2014-Central Excise(NT), dated 16.09.2014

RBI has directed that the foreign citizens (i.e. foreign passport holders) can exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 subject to the tenderer submitting a self-declaration that this facility has not been availed of during the week. The Authorized Person shall keep … Continue reading “Exchange facility for foreign citizens”

As the Rabi crop season has already commenced and it is imperative that farmers are adequately supported financially to ensure unhindered farming operations. It is estimated that about ₹ 35,000/- crore would be required by the DCCBs for sanction and disbursement of crop loans to the farmers at the rate of ₹ 10,000/- crore per … Continue reading “RBI making cash available for Rabi Crop Season”