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RBI is monitoring liquidity and will ensure that there is enough to meet needs of economy, Das said.

Reserve Bank of India (RBI) has yet to decide on whether to pay an interim dividend to federal government, Governor Shaktikanta Das said.

Earlier, Reuters reported that central bank is likely to transfer an interim dividend of as much as 40,000 crore

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SBI accounts are divided on basis of locations into 4 categories of branches.

State Bank of India (SBI) customers holding regular savings accounts with lender are required to maintain a monthly average balance (MAB) to tune of Rs 1,000-3,000, according to bank's corporate website- sbi.co.in. The monthly average balance, which is average of

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Rupee Vs Dollar: On Friday, rupee had ended higher by 48 paise at 69.72 against dollar.

The rupee appreciated by 33 paise to 69.39 against US dollar in opening trade Monday, driven by strong gains in domestic equities and weakening of greenback in overseas markets. The rupee opened strong at 69.38 at interbank forex market against previous close of

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On Monday, rupee had gained 4 paise to end at 69.68 against US dollar.

The rupee weakened by 36 paise to 70.04 against US dollar in opening trade Tuesday on rising crude prices and some demand for American currency from importers. The rupee opened weak at 69.83 at interbank forex market against its previous close of 69.68 per dollar. It moved in

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Five of 23 blocks to be auctioned will be for coal bed methane resources, government said

New Delhi: 

The government will auction 23 blocks in a third round of offerings under open acreage licensing programme for oil and gas exploration concessions, Oil Secretary MM Kutty said on Monday.

Five of 23 blocks to be auctioned will be for coal bed methane

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Share markets on Monday: MSCI's broadest index of Asia-Pacific shares outside Japan put on 1.3 per cent.

Domestic stock markets started Monday's session on a positive note tracking firm global cues. Continued buying by domestic investors also boosted trading sentiment.The S-P BSE Sensex jumped as much as

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Investors were cautious and preferred to log gains ahead of Q3 earnings of bluechip companies.

Domestic stock markets swung between gains and losses after starting Tuesday's session on a positive note. The benchmark indices moved in a range amid mixed Asian cues and a rebound in crude oil, traders said. The

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IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Kerala, said tourism arm of Indian Railways on microblogging website, Twitter. The tour, which will start from Hyderabad, will cover destinations such as Cochin, Munnar, Thekkady and Kumarakom. The tour will be via economy

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Amazon and Flipkart get a lot of their inventory through companies they own or back.

Amazon.com Inc. and Walmart Inc. find themselves on same side for once.

The bitter rivals have come together in India to lobby government on regulations that threaten to dampen their expansion ambitions. Among other things, giant retailers are asking for an

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Washington+: 

World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with Trump administration over climate change and need for more development resources.

Kim, appointed twice by former US President Barack Obama for five-year terms, had pushed financing for green

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Sectors such as banking and insurance are likely to be impacted, a trade union official said

New Delhi: 

Central trade unions on Monday said that around 20 crore workers will go on a two-day nationwide strike from Tuesday to protest against government's alleged anti-worker policies and unilateral labour reforms. "As many as 10 central trade unions

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Telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd.

"RCom has taken all required steps towards enabling settlement and remains fully committed to make payment to Ericsson from proceeds

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Last fiscal, RBI paid an interim dividend of Rs 10,000 crore to central government.

New Delhi: 

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said central bank will announce a decision on giving interim dividend to government once such a final view is taken. The government has already said it will seek interim dividend from RBI in

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The Nifty IT index closed 1.03 per cent higher.

Domestic stock markets ended Monday's session on a higher note tracking strength in global peers on easing of concerns about a slowdown in world economy. The 30-scrip Bombay Stock Exchange (BSE) benchmark index closed at 35,850.16, up 155.06 points or 0.43 per

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Phagwara: 

Union Minister Ravi Shankar Prasad has said government will soon make it mandatory for linking Aadhaar with driving licences. Delivering his presidential address at ongoing 106th Indian Science Congress at Lovely Professional University here, minister for Law, Electronics and Information Technology said, "We are soon going to bring a law

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BPCL and Hindustan Petroleum Corp will lift 1 million barrels each of Iranian crude oil in February

State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with nation's overall purchases from Tehran remaining at 9 million barrels, three industry sources said. The United States in early

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NR Narayana Murthy said ATMs are a classic example of technology making human lives easier

Bengaluru: 

Emerging technologies such as artificial intelligence (AI) and machine learning will not render people jobless in future, but rather create more opportunities for humans, Infosys co-founder NR Narayana Murthy said here.

The renowned IT industrialist

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The CBDT chief also asked tax officials to train their scanner on TDS collections.

New Delhi: 

With growth in direct tax collections sluggish, CBDT has directed income tax department officials to "maximise" their efforts and conduct targeted surveys and file court cases against those who wilfully evade taxes. CBDT Chairman Sushil Chandra has shot

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Bandhan Bank will buy mortgage provider Gruh Finance in a share-swap deal to build up its housing loan portfolio, companies said on Monday. The deal will also help Bandhan Bank's main shareholder, Bandhan Financial Holdings, reduce its stake in lender to just above 60 per cent, local media reported earlier in day. Shares in both companies fell

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Gold and silver rate: Sovereign, however, remained flat at Rs 25,200 per piece of eight grams.

Gold prices rose by Rs 150 to trade at Rs 32,650 per 10 grams at bullion market on Monday, helped by increased buying by local jewellers and a firm global trend, reported news agency Press Trust of India (PTI). Silver also rallied by Rs 410 to end at Rs

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Leading lenders in country charge a certain amount per NEFT transaction.

National Electronic Funds Transfer or NEFT is a nation-wide payment system that enables electronic transfer of funds. Under NEFT scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an

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Jet Airways stock dropped 67% last year and was among worst performers in S-P BSE 500 Index.

Debt-laden Jet Airways is trying to renegotiate contracts with its vendors as lenders demand a revival plan by month-end from country's second-largest airline by passengers, according to people with knowledge of discussions.

The Naresh Goyal-led airline

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Shaktikanta Das said RBI would take steps to address any deficit in banking system

New Delhi: 

The Reserve Bank of India (RBI) is open to infusing "need-based" liquidity into financial system, Governor Shaktikanta Das said on Monday ahead of a meeting with shadow banking sector, which has been hit hard by a funding crunch.

Government officials have

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The interest rates on fixed deposit (FD) vary across banks according to tenor of a fixed deposit.

Bank fixed deposits or FDs are fixed-income instruments which guarantee a fixed rate of return on investments. Leading lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Kotak Mahindra Bank offer facility of opening a fixed deposit.

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At Interbank Foreign Exchange (forex) Monday, rupee opened on a firm note at 69.38.

Mumbai: 

The rupee pared early gains but managed to end 4 paise higher at 69.68 against US dollar Monday following dovish stance by Federal Reserve and rising hopes of a thaw in ongoing US-China trade tiff. Besides, smart gains in domestic equities and weakening of

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Government and RBI have appointed a panel to look into issue around sharing of RBI's reserves.

New Delhi: 

The Reserve Bank of India (RBI), having changed management last month following a clash with government, is likely to transfer an interim dividend of Rs 30,000-40,000 crore to government by March, according to three sources with direct

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The total amount of subsidy transferred through Aadhaar now equals Rs 1,69,868 crore, said Jaitley.

New Delhi: 

Terming Aadhaar as a "game changer", Finance Minister Arun Jaitley on Sunday said savings made through its implementation can fund three public welfare schemes of magnitude of Ayushman Bharat -- ambitious healthcare programme to provide

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Most private economists have lowered country's growth forecast to around 7% for 2018-19

The government on Monday said it estimated GDP or gross domestic product growth at 7.2 per cent in 2018-19, as against 6.7 per cent in 2017-18. The economic growth projection was part of "First Advance Estimates of National Income 2018-19" report by the Central S

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Gross direct tax collections stood at Rs 8.74 lakh crore from April to December 2018.

Direct tax collections during first nine months of current financial year rose more than 14 per cent compared to corresponding period last year. Gross direct tax collections stood at Rs 8.74 lakh crore from April to December 2018, up 14.1 per cent year-on-year,

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SpiceJet's flight connection between Chennai and Madurai is available at a starting fare of Rs 1,497.

Budget carrier SpiceJet has announced twelve new domestic flights at a starting all-inclusive price of Rs 1,497. The daily direct flights introduced by carrier, will operate on Dehradun-Jammu, Dehradun-Jaipur and Dehradun-Amritsar routes, starting

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