Free Press Journal
  • More layoffs likely as India’s manufacturing sales shrink

    Despite the governments efforts to attract investment under its Make in India campaign, sales of manufactured goods fell 3.7 per cent during 2015-16 — the first decline in seven years –s parking fears of layoffs and debt default in the months to come.

  • Demonetisation: RBI relaxes withdrawal limit to spur deposits

    Mumbai: Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal limits.

  • Demonetisation: NABARD to allocate Rs 21K crore to farmers

    New Delhi: Government has allowed NABARD to disburse Rs 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season, Economic Affairs Secretary Shaktikanta said today.

  • People have exchanged, deposited Rs 544,571 crore: RBI

    Mumbai: Some 37 per cent of the Rs 14,50,000 crore worth of now-demonetised Rs 500 and Rs 1,000 currency notes that were in circulation have been exchanged or deposited with banks till November 18, the Reserve Bank of India (RBI) said on Monday.

  • Demonetisation:Queues get shorter at banks; no respite at ATMs

    New Delhi: In the wake of certain restrictions on money exchange norms by the government, chaos and rush at banks eased but the situation did not quite improve at ATMs as people were still seen waiting in long queues to withdraw valid currency notes.

  • New Rs 500 notes in Odisha from tomorrow: RBI

    Bhubaneswar: Reserve Bank of India, Bhubaneswar today said new Rs 500 notes will be available in different bank counters across Odisha from tomorrow and urged people to ignore rumours on circulation of fake Rs 10 coins.

  • ‘RBI may cut rate by 0.25% as inflation target within reach’

    New Delhi: Reserve Bank is likely to go for a 25 bps rate cut this fiscal as it is all set to easily achieve the inflation target in view of the Centre’s demonetisation move that may put additional downward pressure on prices, says a report.

  • Worry Not! There is no language mistake in your new Rs 2,000 note

    After Prime Minister Narendra Modi announced trashing of old Rs 500 and Rs 1000 bank notes to curb black money, RBI has released the newly printed Rs 500 and Rs 2000 bank notes. The new Rs 500 note is completely different from the old note while the new Rs 2000 note has 17 major features to make stand out and also an one (so-called) unnoticed mistake.

  • Enough new notes available, please be patient, says RBI

    Mumbai: As millions queued up outside banks and at ATMs, which opened after two days today, RBI said enough is cash available for exchanging the scrapped Rs 500/1000 notes and asked people to be “patient”.

  • RBI ignores govt pressure, keeps rates unchanged

    Mumbai : Rebuffing pressure from the government to reduce cost of borrowing, RBI Governor Raghuram Rajan on Tuesday kept interest rates unchanged, citing a spike in food prices and banks passing on to consumers only less than half of its previous rate cuts.