-The Telegraph New Delhi: The Narendra Modi government, which had promised to facilitate the creation of 10 million new jobs each year, can finally boast a direct hand in carving out employment in a season of layoffs and self-inflicted economic wounds. But the jobs are in a sector the Prime Minister had promised to trim: his own administration. The foreign ministry plans to hire 400 computer-literate men and women to help it...
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Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh
-The Hindu Business Line Remonetisation taking place at a good pace, RBI Governor tells House panel New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done. Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by...
More »Government Allows Co-Operative Banks To Deposit Old Notes With RBI -Abhishek Vasudev
-NDTV Profit The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers. The Finance Ministry on Tuesday allowed banks, Post Offices and district central cooperative banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange the value of notes deposit with the new notes. In an official notification...
More »Rs 2 lakh limit not applicable on bank withdrawals
-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...
More »Major change in crop weather advice -Sanjeeb Mukherjee
-Business Standard Advisory will also have information on the type of crop needing to be sown, depending on irrigation India Meteorological Department (IMD) plans to change its weather advisory service for farmers, linking it to a dynamic crop calendar of each district, based on the onset and progress of the monsoon. The advisory will also have information on the type of crop needing to be sown, depending on irrigation and rain in that...
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