State limit of cash account holder can withdraw: SC to government

New Delhi, Dec 9 - The Supreme Court on Friday asked the government to state the threshold limit of cash that each account holder can withdraw from banks across the country without...

World Bank cancels $100m loan to Pakistan

Islamabad, Dec 8. The World Bank has cancelled a $100 million loan approved for a natural gas efficiency project, citing a lack of interest on the part of a Pakistani gas distribution...
How Modi changed "war on black money" to "war on all currency"

How Modi changed “war on black money” to “war on all currency”

Prime Minister Narendra Modi addressed the nation on November 8, 2016 to announce the withdrawal of Rs 500 and Rs 1,000 notes.The speech (in English) lasted 25 minutes. The Prime Minister...

RBI may cut interest rate by 50 bps on December 7: HDFC CEO

New Delhi, Dec 3.  At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may cut the...
Phishing websites stealing information from 26 Indian banks: Report

Phishing websites stealing information from 26 Indian banks: Report

New Delhi, Dec 1 - Researchers from US-based cyber security company FireEye have claimed to discover malicious phishing websites created by cybercriminals that spoof 26 Indian banks to steal personal information from...
Shift from 'class' to 'mass' banking may hit bank bottomlines

Shift from ‘class’ to ‘mass’ banking may hit bank bottomlines

Chennai, Nov 30 - The demonetisation narrative has seen a subtle shift from "curbing black money" to the need for a "cashless economy", but experts feel a cashless economy could hit the...
Anil Kapoor takes selfies with fans in ATM line

Anil Kapoor takes selfies with fans in ATM line

Mumbai, Dec 1 - Demonetisation has brought the classes and masses in one line -- and Anil Kapoor is one such example. The actor stood in an ATM line to take out...
Serpentine queues in front of treasuries, banks in Kerala

Serpentine queues in front of treasuries, banks in Kerala

Thiruvananthapuram, Dec 1 - Serpentine queues were seen in front of state treasuries and banks -- with the ATMs seeing less of a crowd -- across Kerala on Thursday, the first salary...
What black money? Government may be in for shock

What black money? Government may be in for shock

New Delhi, Dec 1 - The main reason given by the government for demonetising high denomination notes was to curb black money. Various estimates have been made of the quantum of such...
Demonetisation may exacerbate public health crisis

Demonetisation may exacerbate public health crisis

A spate of deaths due to hospitals refusing to accept invalid currency notes has come to attention after Prime Minister Narendra Modis announcement invalidating 86 per cent of Indias currency on...

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Ancient Roman villa uncovered near Florence

Florence, Oct 21.  Archaeologists have unearthed a luxurious ancient Roman villa complete with thermal baths and stunning mosaics near the central Italian city of Florence...