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No PAN, forms needed to exchange Rs 2,000 notes: SBI
SBI has issued a circular to all its branch managers that these instructions should be followed to make the process of note exchange simple and quick.
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No TCS on international credit card payment under Rs 7 lakh
To avoid procedural ambiguity, it has been decided that any payments using international debit or credit card up to Rs 7 lakh per financial year will
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RBI pays Rs 87,000 cr dividend to govt
RBI pays Rs 87,000 cr dividend to government; SC panel on Adani submits report; No WhatsApp call with SIM cards
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Rs 2,000 rupee note withdrawn but will remain legal tender
If someone wants to exchange these notes with that of other denominations they can go in bank and exchange them. However, in one time you can only e
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Now, PoS machines under RBI watch
Officials claim that the move would put companies such as Pine Labs, Innoviti Payments, Ezetap and MSwipe in the regulatory zone. These companies prov
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SGB returns outperform all other investments
Like mutual funds, these bonds are denominated in units. On selling them, instead of gold, the bonds are redeemed in cash according to their current v
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Pricol moves CCI over Minda plan to buy 24.5% stake
RBI allows SBIFML to hike stake in HDFC Bank; Pricol moves CCI against Minda bid; Goldman Sachs cuts ESG exposure to Adani companies; Manyavar promote
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Spending overseas on cards now part of LRS
A recent order from the finance ministry included credit card spending abroad within the $2,50,000 mandate of liberalised remittance scheme
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Retail inflation cools to 4.7% in April
Both rural and urban inflation have fallen to lower than 5%. In fact, inflation has fallen by more than 1% in April as compared the preceding month
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Return money in 100 days, RBI asks banks
The Reserve Bank of India has started a campaign named '100 Days 100 Pays' for the country's banks
