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Category Archives: Economy

Today RBI announced people can withdraw up to Rs 24,000 per week

Reserve Bank of India announced today that bank customer can withdraw up to Rs. 24,000 per week from their bank accounts which also include the withdrawals from ATM machines.  This is to be followed by the banks to continue giving Rs. 24000 per week to their customer till next announcement on withdrawal limit. After the cancellation of old note of ... Read More » and uncover the hidden benefits of Currency Demonetization

New Delhi, 21st Nov2016 : In a research report, and have uncovered the largely hidden benefits of currency demonetization, which may accrue in the near future. These are in addition to the commonly talked about benefits related to reducing black money, controlling corruption, and eliminating fake currency notes used by terrorist organizations. A giant leap towards cashless economy: ... Read More »

30% tax and 200% penalty on deposit and income mismatch:government


To combat corruption, cash deposits above  Rs2.5 lakhs could attract tax and beside 200% penalty on case of income mismatch, said the government on Wednesday. The announcement was made a day after Indian Prime Minister Narendra Modi announced 500 and 1000 rupee banknotes a not longer legal tender in a move to flush out untaxed money and will be replaced ... Read More »

The Economics of Olympics


With the addition of South Sudan to United Nations, the total no. of member nations increased by one to 193. The 2016 Rio Olympics witnessed participation from 213 nations, the statement in itself tells us the about the euphoria associated with Olympics and the scale on which it is being organized. Olympics has evolved a lot since the first modern ... Read More »

SBI merger: A boon or a bane?


“It is great news, it will help the banking industry” said one. The other snarled “what about the private banks, do you think they will sit and watch?” This was the ensuing discussion between two senior employees of SBI about its merger with SBI’s associate banks. The merger is going to create an entity that will have an asset base ... Read More »

How to make money online by partnering with Newspatrolling


Wouldn’t it be great to have some extra bucks for those movie tickets, pizza party, booze, weekend travel……..what about designer clothing, a pair of shoes, a new mobile phone or perhaps a dinner date at a fine dine restaurant? Well, we are delighted to announce that now it’s all possible with a revolutionary new revenue sharing model launched by Newspatrolling ... Read More »

Canara HSBC Oriental Bank of Commerce Life Insurance introduces ‘Smart Junior Plan’ to plan and protect the future of Child

Protect your Child’s future with ‘Smart Junior Plan’  16th September, 2016: Canara HSBC Oriental Bank of Commerce Life Insurance has introduced unique insurance product for children—‘Smart Junior Plan’—to meet future needs of child’s education in future and also to protect the future in case of an unfortunate event of death of the parent (life assured), through guaranteed annual payouts as planned to ... Read More »

7 Flexible Ways to Make Side Money


Earning money has become a substantial requirement for everyone who wishes to become independent. However it is not possible for all of us to go to different offices for work in a single day in order to earn money. Well, if you are willing to make money of your own, then the time has come for you to find ways ... Read More »

Directors and Directions: 25 years of Economic Liberalisation

Directors and Directions: 25 years of Economic Liberalisation

On July 24, 1991, the then Finance Minister, Dr. Manmohan Singh created history by presenting the annual financial statement (The budget) which changed the fate of Indian economy forever. These reforms largely focussed on economic liberalisation, privatisation and globalization (LPG reforms) which not only opened the gateway of business for foreign firms but also it re-strengthened the value of Rupee ... Read More »

“Devaluation: China’s weapon, its impact on world economy”

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China has been devaluating its currency infrequently since August 2015. Given its larger role within the international economy, China’s surprise moves square measure having serious repercussions around the world. Reasons for Yuan Devaluation: - Developed economies took a protracted time to soak up the aftershocks of the worldwide monetary crisis of 2008, with their recoveries being slow. as a result ... Read More »

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