In line with the Central Government’s objective of promotion of payments through cards and digital means over payments in cash, the Reserve Bank of India (RBI) has recently rationalized customer charges.
GoAir Christmas Sale
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GoAir is offering tickets from an all-inclusive Rs. 999 as part of its Christmas sale. The GoAir offer is applicable for travel between January 9, 2017, and April 15, 2017. The GoAir offer is open till December 31.
The Reserve Bank of India has mentioned that it has issued Rs 2260 Crores pieces of notes of new Rs 500 and Rs 2,000 to the banks during the period - November 10 to December 19.
Reports have said that the Narendra Modi government is considering a proposal to revise the base Income Tax slab and increase it up to Rs 4 lakh per annum from the current Rs 2.5 lakh per year.
The restrictions in the present situation for depositing the ole demonetized currency notes of Rs. 500 a,d Rs. 1000 denominations have been relaxed now.
Gas subsidy to be taken from rich
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All households are entitled to 12 cylinders of 14.2-kg each at subsidized rates. At this juncture, Prime Minister Narendra Modi has requested the affordable to give up the gas subsidies
In India, in order to abolish the old 500 and 1000 banknotes, the State Bank of India (SBI) and Bharat Sanchar Nigam Ltd (BSNL) has introduced a new wallet system.
New series of Rs 50 notes from RBI soon
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In its announcement made on Monday, the Reserve Bank of India has stated that Rs 50 bank notes of Mahatma Gandhi Series-2005 will be released shortly. One of these will contain the letter ‘L’.
The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation.
The Reserve Bank of India has announced that the new currency notes of Rs. 500 denomination will be distributed by the banks from today (Monday, 19th December).
Cash crunch in the country could be mostly resolved by mid-January 2017 and it will completely disappear by the end of February 2017. Since demonetisation came into effect India has faced huge cash crisis.
Reserve Bank of India has issued a new rule with regard to deposit of the old Rs 500 and Rs 1000 notes. Old notes 500 and 1000 rupees can be deposited to a tune of Rs 5000 only in the bank account.
The Reserve Bank of India has stated that new Rs 500 notes with Mahatma Gandhi series that will have new E letter inserted in the number panels will be released soon. At the back side of the note.
The Reserve Bank of India has announced that around 80 percent of the notes of denomination Rs.500/- and Rs. 1000/- announced as invalid has been returned to the banks.
The Reserve Bank of India has imposed new rules for cash withdrawal above Rs 2 lakh for funds deposited after 9th November. On 8th November, the central government had announced.
