According to the World Bank Group, India’s GDP (in current US$, 2015) is US$ 2.095 trillion vis-a-vis the World GDP (in current US$, 2015) of US$ 74 trillion. Thus India’s share in the global economy is about 2.83%. This was stated by Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written […]
Category: Market
Great News: Fairy Queen Is Ready To Give You A Ride Of Your Life!
Fairy Queen, the oldest surviving functional steam engine in the world is once again ready in this season to haul a heritage train from National Capital Delhi to Rewari, Haryana after a gap of 5 years. This train, Fairy Queen, is a great attraction among steam engine lovers across the globe, will run between Delhi […]
Islamic banking coming to Gujarat, Subramanian Swamy writes to RBI Governor
Islamic banking in Gujarat? This was the news that stunned the nation. Seeking clarification on Islamic banking now, BJP leader Subramanian Swamy wrote a letter to Urijit Patel, Governor of RBI, with regards to a news item that was published in a business daily which had claimed that Islamic Development Bank is due to start […]
Air India begins seat reservation for women
Air India is ready to offer women fliers better service. The airline has decided that the 6 seats on every domestic flight will be reserved for women starting January 18. This reservation is for the domestic flights only for now. Air India starts seat reservation for women. 6 seats on every domestic flight to be reserved […]
Arun Jaitley: Prime Minister Modi is thinking about the next generation
Following is the full Text of the Article entitled “Demonetisation – A Look Back at the last Two Months” by the Union Finance Minister Arun Jaitley: “Two months have passed since the Prime Minister announced the decision that high denominational currency notes would cease to be a legal tender. Subsequently those notes have been demonetised. […]
Currency deposits: Finance Ministry writes a letter to banks
The Ministry of Finance, Government of India through its Department of Financial Services(DFS) has asked all the Public Sector Banks(PSBs) and the Indian Bankers Association (IBA) to ensure hundred percent(100%) that deposits of new currency is properly reflected in the customers’ counterfoils. In a letter addressed to all the Managing Directors (MDs) & Chief Executive […]
Going to deposit old currency in banks? Then read this!
There are lots of misconceptions with regards to currency deposition in banks. These FAQs have been answered by Revenue Secretary Dr. Hasmukh Adhia on the actions taken by Income Tax Department in respect of old currency deposited in banks: Q.1 A lot of small businessmen, housewives, artisans, workers may have some cash lying as their […]
Black Money Will Be A Thing Of Past!
In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India has decided that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016. The […]
Smriti Zubin Irani to Inaugurate National Handicrafts Fair at Dilli Haat Today
Minister of Textile Smriti Zubin Irani will inaugurate a fortnight long Exhibition cum sale of Handicrafts developed by Artisans of Clusters at Dilli Haat today evening i.e. on 2nd November 2016 at 6 P.M. This fair is being promoted and marketed by Council of Handicrafts Development Corporations (COHANDS), with financial assistance from the office of […]