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 Demonetisation-
A step to crackdown black money hoarders : Demonetisation
one of the historical decisions in the economic history of India. Prime
Minister Narendra Modi with his announcement of scrapping the high valued
currency hit two birds with one shot.On one side a strong crackdown on
blackmoney
 PM
Modi inaugurates India International exchange at GIFT city in Gujarat : Prime
Minister Narendra Modi has formally inaugurated the India International
exchange at GIFT city near Gandhinagar in Gujarat. GIFT city and India
International Exchange- the International Center of BSE were the dream
projects of Prime Minister
 Govt
to banks: Obtain PAN or Form-60 from account holders by Feb 28 :Government
has asked banks to obtain permanent account number, PAN, or Form-60, in
case of non-availability of PAN, from all bank account holders by February
end this year.
 EPFO
makes Aadhar mandatory for its pensioners & members : Employees'
Provide Fund Organisation (EPFO) has made Aadhaar mandatory for its about
50 lakh pensioners and around four crore subscribers. Central Provident
Fund Commissioner VP Joy said in New Delhi that the pensioners as well as
members
 India's
GDP growth estimated at 7.1% this year; per capita net national income
rises by over 10% : The
Gross Domestic Product (GDP) growth is estimated at 7.1 per cent in
2016-17 as compared to 7.6 per cent in 2015-16. Releasing the data, Chief
Statistician T C A Anant said in New Delhi this evening that the per
capita net
 PM
participates in 350th birth anniversary of Guru Gobind Singh; :Prime
Minister Narendra Modi today exhorted people to adopt the path of Guru
Govind Singh ji Maharaj and maintain high moral values, standards and
social harmony in their lives. Addressing
 Helpline
for Handloom Weavers ‘BunkarMitra’ starts functioning : “BunkarMitra”,
the Government of India’s Helpline for Handloom Weavers, went live today.
The helpline was launched by the Union Textiles Minister Smt. Smriti Zubin
Irani on December 25, 2016 on the occasion of “Good Governance Day”
 Paytm
gets RBI approval for payments bank : Paytm
on Tuesday said it has received final approval of the Reserve Bank to
formally launch its payments bank and it expects to start operations next
month. Payments banks can accept deposits from individuals and small
businesses up to Rs 1 lakh per
 Banks
cut base rates; home, corporate loans to be cheaper : Housing,
auto and corporate loans are all set to become cheaper with half a dozen
PSU and private banks today steeply reducing benchmark lending rate by up
to 1.48 per cent after spurt in deposits following demonetisation.
 SBI,
PNB, UBI cuts lending rate by up to 90 bps : Top
PSU lenders State Bank, Punjab National Band and Union Bank today slashed
their benchmark lending rates by up to 90 basis points.The country's
largest lender, SBI, in a statement said, it has reduced marginal cost of
funds based lending rate (MCLR) by
 RBI
extends loan repayment window to 90 days: The
Reserve Bank of India (RBI) has asked lenders to provide borrowers 90 days
for repayment of housing, car, farm and other loans worth up to 1 crore
rupees, saying that the dispensation will apply to dues payable between
1st November and
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