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Rs 1 billion needed to recalibrate 240,000 ATMs for new Rs 100 notes -Nikhat Hetavkar & Arup Roychoudhury

-Business Standard The difference in dimensions of the old and new Rs 100 notes could pose a serious problem mumbai/ Delhi: New Rs 100 notes will require a recalibration of 240,000 automated teller machines (ATMs) across the country, and the process will cost the industry about Rs 1 billion and take more than a year, said ATM operators. The Reserve Bank of India (RBI) announced on Thursday it would soon release lavender-coloured Rs...

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Rs 25 per litre for milk from July 21, says Maharashtra government

-PTI NAGPUR: An end to the four-day agitation by dairy farmers appeared in sight on Thursday, with the Maharashtra government announcing that it had accepted a key demand of the protesters. The government has decided to give Rs 25 per litre for milk to dairy farmers with effect from July 21, dairy development minister Mahadev Jankar said in the legislative assembly this evening. The farmers had been holding protests in parts of the...

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Govt drops incentives given for UPI transactions -Mayur Shetty

-The Times of India mumbai: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users. The move to withdraw the incentives...

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Crop insurance shocker: Maharashtra farmers receive meagre Rs 1 to Rs 5 as compensation

-PTI While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company. mumbai: Over 2,000 farmers in a tehsil in Maharashtra have received crop insurance compensation ranging from Rs one to Rs five each, an official said. While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company. Rs three each were deposited into the bank accounts...

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Inhaling fine dust in Delhi air killed 15,000 prematurely in 2016, says study -Malavika Vyawahare

-Hindustan Times Apart from the deaths in Delhi, the study also showed that mumbai, which was one of five megacities considered from India, reported the fourth highest number of deaths among 12 megacities. New Delhi: Close to 15,000 people died prematurely in Delhi in 2016 from illnesses linked to fine particulate matter pollution, according to a new study by researchers from India, Singapore and Thailand that assessed pollution-related deaths in 13 megacities...

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