Submitted by business_centrik on 22/11/2016 RBI vide its circular dated November 21, 2016 has allowed farmers to draw upto ₹ 25000/- per week in cash from their loan (including Kisan Credit Card limit) or deposit accounts subject to their accounts being compliant with the extant KYC norms. RBI has also allowed all current account holders … Continue reading “RBI revised the withdrawal limits for Farmers & Traders”

RBI vide its circular dated 15.11.2016 has expressed the need to put in place a Standard Operating Procedure (SOP) for such exchange of Specified Bank Notes (SBNs). Henceforth, while exchanging the SBNs, the concerned bank branch and post offices would put indelible ink mark on the right index finger of the customer so as to … Continue reading “Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs”

World Bank in a new report has ranked all BJP ruled states as the best places to do business in India. Telangana and Andhra Pradesh – top the rankings.

The two-day mega industry conclave Global Investors’ Summit (GIS) started in Indore today. Union Finance Minister Arun Jaitley, Union Minister Jaishankar Prasad and Yog Guru Baba Ramdev and other dignitaries are taking part in summit. Chief Executive Officers of 128 companies are also taking part in it.The summit is scheduled to have discussions between visiting delegates and … Continue reading “Global Investors Summit”

Mark Mobius of Templeton Emerging Markets Group on Monday placed India among ‘strong emerging markets’ in the quarter gone by as the Asian region continued to gain.With the GDP growth in many countries slowly improving, India continued to grow at 7.1% in the first quarter of FY17. Markets in Asia continued to gain, making it … Continue reading “India Among Strong Emerging Markets”

While addressing a 50 member strong delegation of 20-20 Investment Assosciation,a group of the world’s most prestigious and economically powerful institutional investors who together represent over $7 trillion in investment capital, Venkaiah Naidu asked them to explore the opportunities for investment in Urban Missions. The minister said the Urban Development Ministry has taken initiatives to transform … Continue reading “Venkaiah Naidu appealed 20-20 Investment Association to invest in India”

RBI has notified the Operating Guidelines for Payment Banks. In effect, payments banks and small finance banks have been allowed to use digital banking to open bank accounts. RBI has also permitted mobile phone users to open bank accounts with the payments banks promoted by telecom companies seamlessly, provided all the KYC (know your customer) … Continue reading “RBI Operating Guidelines For Payment Banks”

PM Narendra Modi  siad, he is looking forward to new partnerships with the members of BRICS and also wants to discuss ways to address international and regionala challenges. He recently said in a facebook post that as  chair of BRICS this year, India has embraced a stronger emphasis on promoting people-to-people linkages in diverse fields including trade,sports,films,education,scholarships and tourism.This … Continue reading “Narendra Modi at BRICS summit”

Improvement in ease of doing buisness ranking and Make  in India and many other schemes started by Modi government has improved India’s status in world and now whole world is noticing India and its effort.Indian governments effort has worked well. India bags biggest share of greenfield investment in 2016. Yet another testimony of Make in india’s success. … Continue reading “India bags biggest share of greenfield investment”