Mumbai (Maharashtra) [India], May 25: The foreign exchange Industry has expressed serious concerns about the applicability of 20 per cent Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarif
Last Friday, the Reserve Bank of India (RBI) decided to withdraw the Rs 2000 denomination currency notes from circulation, but added they (currency notes) will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate
The conference was held in New Delhi on Monday. The RBI Governor Shaktikanta Das inaugurated the conference. 'Governance in Banks - Driving Sustainable Growth and Stability' was the theme of the conference.
New Delhi [India], May 22 (ANI/NewsReach): In the ever-evolving landscape of financial services, Hello Money India P Ltd has emerged as a prominent player, offering credit card sourcing and credit line products. With over five years of industry experience, this East Delhi-based startup ha
The Governor said this Rs 2000 note was primarily issued to replenish money, taken out from the system during the demonetisation of Rs 500 notes and Rs 1,000 notes.
"Last time (in 2016), new notes were introduced, which were not even fitting into the ATMs. Now again people have to put money in banks. A country can't afford such decisions as it affects people," the MNS chief added.
He stressed the high levels of customer confidence in the banking sector, as the UAE ranks second globally in terms of customer confidence in banks at 84 per cent in 2022, according to the annual index conducted annually by the UAE Banks Federation.
The central bank believes that four-month time is enough for people to exchange notes with the banks. Most of the Rs 2,000 notes that are in circulation is expected to return to banks within the given time frame of 30th September.
She said central banks must remain resolute in keeping policies tight and recognize that insufficient monetary tightening now may necessitate even more painful actions down the road
The event, which will take place from May 22 to 24 at the SKICC on the banks of the famous Dal Lake in Srinagar, is expected to have a positive impact on the tourism and trade sectors of the region.
Cultural Academy is geared up to start activities for the G20 Summit celebrations in Kashmir ahead of the Summit in Sheri Kashmir International Convention Center (SKICC) on the banks of the famous Dal Lake in Srinagar.