SBI Chairperson, Arundhati Bhattacharya, said on Thursday, , “Digital transactions have really gone up in the sense that if you look at my PoS transactions, it is 300 per cent up in numbers and 200 per cent by value. If you take a look at the wallet, the wallet download is hugely up. In fact, we have never seen so…
As people continue to face cash crunch after the scrapping of high value notes, the Union government on Wednesday decided to waive off MDR (Merchant Discount Rate) charges on use of debit cards and service charges on online Railway ticket booking till December 31. “Public sector banks and some private sector banks…
The Indian Railways on Tuesday announced that it would waive off service charges for E-tickets and I-tickets booked through Indian Railway Catering and Tourism Corporation Ltd (IRCTC) in a bid to encourage cashless transactions from November 23 to December 31, officials said. “Now the passengers won’t have…
The Reserve Bank of India (RBI) has provided some relief to small borrowers and firms struggling to make repayments on their loan dues due to a shortage of cash. In a press release issued on Monday, the RBI offered an additional 60-days to certain categories of borrowers to make good on their dues. The relief extends…
Adani Enterprises announced that it proposes to commence construction of two major solar projects in Australia next year, each with an output of 100-200 MW. Adani says land agreements are in place, and design and tendering work is under way, with construction flagged to start next year. The company is also expected to…
India’s President Pranab Mukherjee said that “India will become a modern eco power in the whole world!” only if the innovative schemes by the government such as ‘Clean India’ and ‘Digital India’ are successfully implemented. He also remarked that , “India is on beyond the way of Second Green Revolution…
The finance ministry on Thursday had relaxed the rules for wedding and farm withdrawals, with the ceiling fixed at Rs 2.5 lakh per wedding, per family. “In absence of operational guidelines from the RBI, we are unable to give Rs 2.5 lakh for marriage purposes. We are awaiting direction from the RBI,” said Punjab…
Bajaj Auto has begun production of its soon to be launched Dominar 400, the 400cc cruiser motorcycle. The new motorcycle gets the name Dominar after it was rumoured to be named as Kratos. Bajaj Auto has rolled out first batch of 400cc motorcycle from Chakan, Pune plant exactly 15 years after the launch of Pulsar sports…