-Scroll.in The Paharia Adivasi community says they are cheated in their Banking transactions and don't know what to do with the debit cards. Just days after the Central government’s demonetisation announcement on November 8 kicked off a major push for digital payments, Kusheshwar Paharia, a resident of Nathgoda village in Jharkhand’s Godda district, received a thick packet in the mail. It contained a letter from the State Bank of India, with which he...
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Farmers are not happy with the Union Budget of 2017 -Jayashree Bhosale
-The Economic Times PUNE: Farmers are highly disappointed with Budget 2017 alleging that the Prime Minister has not done enough to fulfill his pre-election promises made to the farming community. The announcement of increasing farm credit to 10 lakh crore may not help much the small and marginalised farmers, who are outside the Banking network. "About 60% of the farmers are outside the Banking system. They depend upon the informal sector for loans....
More »Insurance cases flood consumer courts -Dipak K Dash
-The Times of India NEW DELHI: One in almost every five cases in consumer forums is related to the insurance sector, followed by complaints relating to the housing and Banking sectors, according to a sample analysis done by the consumer affairs ministry. The latest data shared by the ministry with the state governments recently show that at present about 4.15 lakh cases are pending before different consumer forums, nearly three-fourth of them...
More »Explain demonetisation, your role, flip-flops, secrecy: Parliament panel to RBI Governor Urjit Patel -Anand Mishra
-The Indian Express Urjit Patel to appear before PAC on January 28, list of 10 questions sent New Delhi: THE PUBLIC Accounts Committee (PAC) headed by senior Congress leader K V Thomas, which has asked Reserve Bank of India (RBI) Governor Urjit Patel to appear before it on January 28, has asked him 10 probing questions on the demonetisation issue — from the decision-making process to the level of RBI’s involvement, impact...
More »Report cash deposits between April 1 and November 9, 2016, Income Tax Department asks banks
-PTI NEW DELHI: The Income Tax Department has asked banks to report cash deposits in savings accounts between April 1 and November 9, 2016. The move seeks to analyze the Banking transactions carried out in months before the demonetisation decision was announced on November 8. Besides, banks have also been directed to ask the account holders, who did not furnish PAN (Permanent Account Number) or Form 60 (for those without PAN) at the...
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