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Fake Rs 2000 notes of ‘Children Bank of India’ dispensed from SBI ATM in Delhi

At a time when many people are struggling to withdraw cash, a State Bank of India ATM in South Delhi’s Sangam Vihar dispensed fake Rs 2,000 notes. The notes, which could be passed off as genuine at first glance, are replete with errors and seem to be a prank at people’s expense. The notes, dispensed on February 6, read ‘Children Bank of India’ in place of Reserve Bank of India and ‘Guaranteed by the Children’s Government’ in place of Guaranteed by the Central Government. ‘Churan lable’ in place of the…

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India gave ‘fitting reply’ with surgical strike, says President Pranab Mukherjee

The President also said that the demand for One Rank One Pension, pending for 40 years, has finally been fulfilled with “the total financial implications around Rs 11,000 crore”. India gave a “fitting reply” to Pakistan by conducting a surgical strike on terror launch pads in Pakistani territory, President Pranab Mukherjee said on Tuesday. “My government has taken decisive steps to give a fitting reply to the repeated incursions on our territorial integrity and sovereignty,” he told a joint session of Parliament at the start of Budget Session. Video Courtesy:…

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Budget 2017: Modi govt to opt for growth, accept bigger fiscal deficit

Budget aims at boosting economic growth through additional spending, with borrowing seen rising to 3.3% of GDP in the coming fiscal year , says a ‘Reuters’ poll Bengaluru: The Central government is expected to unveil a budget on Wednesday aimed at boosting economic growth through additional spending, with borrowing seen rising to 3.3% of gross domestic product in the coming fiscal year and 3% in the year after that, economists polled by Reuters say. Median forecasts ahead of finance minister Arun Jaitley’s budget are broadly in line with figures discussed…

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RBI enhances cash withdrawal limit from ATMs to Rs 10,000 per day per card

In a welcome move, the Reserve Bank of India (RBI) on Monday decided to increase the cash withdrawal limit from ATMs to Rs 10,000 per day from the present Rs 4,500 with immediate effect. However, there is no change in the weekly withdrawal limits, which stays at Rs 24,000. “The limit on withdrawals from ATMs has been enhanced from the current limit of Rs 4,500 to Rs 10,000 per day per card. It will be operative within the existing overall weekly limit,” the central bank said in a statement.  The…

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PM Modi likely to address nation on New Year eve

NEW DELHI: With the 50-day period for depositing of demonetised notes of Rs 500 and Rs 1,000 expiring on Friday, Prime Minister Narendra Modi is set to address the nation before the dawn of the New Year. “Prime Minister Narendra Modi is likely to address the nation before dawn of the New Year,” sources said. The PM, announcing the demonetisation of Rs 500 and Rs 1,000 notes on November 8, had urged the nation to give him 50 days to get things back on track. In his address, the Prime…

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Madhya Pradesh approves 7% Dearness Allowance for 6 lakh government employees as New Year bonanza

As a New Year bonanza, the Madhya Pradesh government announced a 7 per cent hike in dearness allowance (DA) for its six lakh government employees. Bhopal, Dec 27: The Madhya Pradesh government on Tuesday announced a 7 per cent increase in dearness allowance (DA) for its six lakh government employees as New Year bonanza. The employees include pensioners and those working with the local bodies and panchayats, rural development department employees and teaching staff employed with the local bodies. The proposed DA will come into effect from July, 2016. As…

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India’s Economy Surpasses That Of Great Britain

As Theresa May returned home from her unsuccessful visit to India, she would bear witness to another relegation for the UK: India’s economy will be larger than the UK’s, for the first time in more than 100 years. This dramatic shift has been driven by India’s rapid economic growth over the past 25 years as well as Britain’s recent woes, particularly with the Brexit. Once expected to overtake the UK GDP in 2020, the surpasso has been accelerated by the nearly 20% decline in the value of the pound over…

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DigiDhan Mela for Digital Payment Options on 17th – 18th December, 2016 | Press Release

DigiDhan Mela – an awareness camp is being organized by the Ministry of Electronics and Information Technology (MeitY) on 17 and 18th December, 2016 at Major Dhyanchand National Stadium, Delhi. The event is meant to generate awareness among citizens and merchants about various digital payment systems available. It also aims to handhold users in downloading, installing and using various digital payment systems for carrying out digital transactions. The initiative plans to enable citizens and merchants to undertake real time digital transactions through the DigiDhan Bazaar. The event will witness participation…

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Finance News 

Punjab National Bank partners with Ola to deploy mobile-ATMs

Punjab National Bank (PNB) on Tuesday announced a partnership with cab aggregator Ola to aid cash withdrawals for the citizens of Delhi and the National Capital Region (NCR). “Through the extensive network of Ola cabs present across the state, we are able to bring these mobile ATMs closer to citizens, saving them from the hassles of cash withdrawals,” said Deep Singh, business head (North), Ola, in a statement. PNB ATM machine equipped Ola cabs have been stationed in Gurgaon, Laxmi Nagar, Janakpuri, Civil Lines, AIIMS, Netaji Subhash Place, Manesar, Nehru…

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