Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Exchange rates play an important factor in international fund transfers
For 70 years the country has been looted, give me 70 months I will clean it up, he said.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'
Financial inclusion has been on the top of the govt's top agenda.
Two Indian brothers are among four men who have been indicted by a US federal court on charges of providing material support to slain Al Qaeda leader Anwar al-Awlaki, prosecutors said.
Hyderabad firm Digitsecure launches online and mobile social wallet platform that enables payments, money transfers between FB, BBM users.
Phony NFL merchandise and tickets worth $21.6 million have been seized and 50 people arrested in a crackdown on counterfeiting ahead of this weekend's Super Bowl, U.S. law enforcement officials said on Thursday.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Based on the credit history banks may later decide to extend the amount.
Amazon's investors are counting on its international business and expansion to help drive growth and support its $165 billion market value, one of the highest among US firms.
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim.
Here are six ways your online account can be hacked into, and some simple yet effective ways to protect your Internet avatar.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
Despite the low prices, commodities are risky investments
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
In the fourth of a six-part series, Ajay Modi visits Moradabad, to see how the brass city is coping with the after-effects of demonetisation.
In opaque, complicated markets like real estate, its best to stay away from generalisations.
A Nielsen report found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai.
'The mindset of people needs to change.' 'We still believe in accepting cash when we can do business with digital money as well.'
The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
The government is working to provide healthcare schemes to poor people under the Jan Dhan initiative.
Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
Liv.Ai makes speech recognition software that allows people to transact in their native languages.
You can use gold as a financial instrument to diversify your portfolio into hedging against uncertainties in the market, but for ambitious returns, you must explore opportunities in other asset classes such as equities, debts and real estate, says Adhil Shetty, CEO, BankBazaar.com.
Maharashtra and West Bengal lead the way in bank fraud.
The old note will continue to be accepted for other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15
'Fear is also a great impetus to push people in the right direction.' 'So, everyone who has touched black money is scared and I'm very happy about it.'
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
The app's success has expanded the scope of content consumption.
Do you know what kind of currency notes are illegal?
Websites that compare product prices and offer cashback can help you get attractive deals and discounts.
