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  Business   Economy  10 Jan 2017

Business, Economy, 10 Jan 2017

Board recommended note ban after govt advice: RBI to Parliament panel

Some ministers have thus far maintained that the govt had only acted on RBI recommendation of demonetisation.

10 Jan 2017 5:17 PM

RBI to go for 25 bps rate cut in 2017: Citigroup

Global financial services major says monetary easing support to rates is waning as mantle is passed on to fiscal policy.

10 Jan 2017 4:16 PM

China factory-gate inflation hits 5.5 per cent in Dec

Consumer price index (CPI), a key gauge of retail inflation, rose 2.1 per cent year-on-year in December.

10 Jan 2017 3:57 PM

Cash deals worth Rs 25,000 crore move to digital mode

SBI report says 15 per cent of transactions moved to e-wallets like m-wallets and Point of Sale machines due to demonetisation.

10 Jan 2017 2:49 PM

SBI chief says cash crunch to ease by Feb-end

Arundhati Bhattacharya said that SBI is ensuring that account holders are not made to stand in queue.

10 Jan 2017 1:45 PM

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I-T dept detects Rs 3-4 lakh crore unaccounted money

Tax watchdog says Rs 25,000 crore worth of cash was deposited in dormant bank accounts since demonetisation.

10 Jan 2017 12:20 PM

Bimal Jalan also says note ban to lower GDP

Former RBI governor said move would impact GDP growth in range of 0.5 per cent to 2 per cent.

10 Jan 2017 11:33 AM

Rupee rises to 17 paise to 68.04 against the dollar

A higher opening in the domestic equity market influenced the rupee uptrend.

10 Jan 2017 9:47 AM

Citi, HSBC slash India’s GDP growth projections

Both brokerages say consumption has been affected.

10 Jan 2017 3:42 AM

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