money

Industrial workers in India to get cashless payments

Industrial workers in India to get cashless payments

December 13, 2016

As India is witnessing a spurt in digital payments after high-denomination currency notes were discontinued in early November this year, the government has now made it obligatory for contractors and employers to pay industrial workers through cheques or any other form of cashless...

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Revisions introduced in taxation laws in India

Revisions introduced in taxation laws in India

December 1, 2016

After the Indian government demonetised INR 500 and INR 1,000 currency bills last month to grapple with the circulation of black money in the country, people in India found new ways to hide their undeclared earnings. Thus, in the wake of demonetisation and corruption, the governm...

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Indian government relaxes withdrawal norms

Indian government relaxes withdrawal norms

November 18, 2016

As demonetisation of INR 500 and INR 1,000 currency notes in India left the people with insufficient money to trade for daily necessities, the government has announced relaxations for farmers, families celebrating weddings, government employees and agricultural traders.

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Indian PM seeks support of perturbed citizens

Indian PM seeks support of perturbed citizens

November 15, 2016

As India is in a state of turmoil after demonetisation of INR 500 and INR 1000 currency bills in the country, Prime Minister Narendra Modi addressed the citizens from Goa asking people for their support and to give him some time to settle the chaos.

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Demonetisation of currency bills causes chaos within India and beyond

Demonetisation of currency bills causes chaos within India and beyond

November 11, 2016

The sudden announcement by Indian Prime Minister Narendra Modi on the new measure of demonetisation to deal with black money and fake currency bills has left the country divided.

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Home loan rates slashed to a six year low by SBI

Home loan rates slashed to a six year low by SBI

November 2, 2016

As part of a festive scheme and general interest rate reduction, the State Bank of India (SBI) has announced home loan rates at 9.10 pc for women and 9.15 pc for others, making it the lowest rate in six years.

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RBI Governor announces repo rate cut in India

RBI Governor announces repo rate cut in India

October 7, 2016

In a surprising announcement, current RBI Governor Urjit Patel informed the country about RBI’s decision of slashing the repo rates.   The announcement for a rate cut came as the first policy statement made by Urjit Patel since he took the position of the Governor of the R...

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PM Modi talks strongly against black money at G20 summit

PM Modi talks strongly against black money at G20 summit

September 6, 2016

Indian Prime Minister Narendra Modi raised the issue of black money and tax evasion at the G20 Summit in China on Monday, advocating for member countries to take appropriate actions against financial corruption.

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Indian girl raped again by same men after three years

Indian girl raped again by same men after three years

July 20, 2016

The protestors in the streets of Rohtak, Haryana (North India) are filled with rage after a girl was raped again by the same five men who raped her in 2013 and are out on bail since then.

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British voters choose to exit the European Union

British voters choose to exit the European Union

June 24, 2016

After a tight and rough race, British voters have chosen to exit the European Union, in the “Brexit” referendum organised on June 23. It triggered a wave of uncertainty and volatility on the world markets, including Indian ones. The Sensex and the Indian rupee fell sharply. I...

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“Brexit” or “Bremain”? Will Britain stay in the European Union?

“Brexit” or “Bremain”? Will Britain stay in the European Union?

June 18, 2016

The Brexit votes will be conducted in the United Kingdom on June 23, where the citizens, including a nearly 3 million diaspora population of Indian origin residing in the UK, will voice their opinion whether the country should 'Remain' or 'Exit' Europe. This tight race will also ...

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Internet users base grew at 40% in India in 2015

Internet users base grew at 40% in India in 2015

June 3, 2016

Internet users in India reached to 277 million, making it the only country in 2015 with a growth rate of 40%. India became the world’s second largest country in terms of Internet users, ahead of US and behind China, even if retail online sales have been much less dynamic recent...

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