-The Times of India NEW DELHI: The Centre is planning to bring in a regulation to check arbitrary fee hikes by private schools. The move comes after the success of the Uttar Pradesh government's legislation, brought in this year, to regulate fees charged by private schools, including minority ones, in the state. According to a senior official, the Centre is consulting all stakeholders and trying to build a consensus before the move...
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Demonetisation effect: Demand for cash rises 7%, says RBI -Advait Rao Palepu
-Business Standard Over the past four years, through its twin policies of Jan Dhan Yojana and demonetisation, the govt has taken necessary steps to expand banking services substantially. Mumbai: People’s demand for cash continues to head northwards compared to pre-demonetisation levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016. Currency with the public (CwP), or people’s demand for cash or currency, is 7...
More »Finance Ministers of 6 states to discuss 15th Finance Commission on Monday
-PTI The Finance Ministers conclave would push for the 2011 population weightage to remain at 10% Amaravati: Finance ministers of six states, including host Andhra Pradesh, will meet on Monday to discuss the terms of reference of the 15th Finance Commission and its fallout for states. Chief Minister N Chandrababu Naidu will inaugurate the day-long conclave at the Secretariat at 10 am, state Finance Minister Yanamala Ramakrishnudu said in a statement on Sunday. Andhra...
More »Banks are billing for your SMS alerts against RBI advisory -Atmadip Ray
-The Economic Times KOLKATA: Charges for SMS alerts on banking transactions may not squeeze account holders much but can be a reasonable earning for many banks, especially in accounts with meagre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told banks to send SMS alerts for every transaction as means to fight frauds, the regulator also directed banks to...
More »Farmer support: Centre looking to spend Rs 200-250 bn on MSP procurement -Sanjeeb Mukherjee
-Business Standard Decision likely soon, states will be free to adopt one or more of the models suggested New Delhi: The Central government is looking at spending a minimum of Rs 200-250 billion initially along with the states in ensuring that farmers get the benefit of Minimum Support Price (MSP) either through direct procurement of goods or a system of Price Deficiency Payment on the lines of Madhya Pradesh’s Bhawaantar Bhugtan Model. Officials...
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