No instruction to banks on withdrawing Rs 2000 notes: FM

Feb 26, 2020
New Delhi Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of Rs 2000 denomination.

“As far as I know, no such instruction has been given to the banks (on stopping issue of Rs 2000 notes),” she said at a meeting with heads of PSU banks.

The Minister’s comments come after reports of ATM recalibration to phase out of Rs 2,000 notes and that the largest currency denomination will remain legal tender, but would be gradually phased out of public circulation. IANS

India resilient despite global shocks, says IMF chief

Washington: India’s economy is expected to remain resilient even as global growth slows amid war-driven disruptions, with strong fundamentals helping it outperform most economies, the International Monetary Fund’s Managing Director...

Middle East tensions cut global growth outlook: IMF

Washington: The global economy has taken a hit from the ongoing conflict in the Middle East, with growth projections lowered despite strong underlying momentum driven by technology investment and private...

Conflicts in Middle East could reshape global economy, says World Bank chief Ajay Banga

Washington: Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president Ajay Banga warning that prolonged conflict could dampen growth, fuel inflation and strain vulnerable economies....

Oil shock to drag growth, raise inflation: IMF

Washington: A global oil shock linked to the Middle East conflict is set to hit growth and stoke inflation across energy-importing economies, the International Monetary Fund (IMF) Managing Director Kristalina...

RBI holds repo rate at 5.25 pc, maintains neutral instance amid global uncertainty

New Delhi: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee...

Oil falls after Trump signals Iran pause

Washington: Oil prices dropped sharply after US President Donald Trump said he would pause planned military strikes on Iran for two weeks, easing fears of a wider conflict in the...

Trump imposes 50 per cent tariffs on steel, aluminum, and copper

Washington: US President Donald Trump signed a sweeping proclamation imposing steep tariffs on imports of steel, aluminium and copper, tightening trade controls in the name of national security. The order...

Trump admin raises concerns over birth tourism in citizenship case

Washington: The US government flagged concerns over “birth tourism,” particularly from China, as it urged the Supreme Court to curb automatic citizenship for children born on American soil. Arguing for...

Stocks fall, oil prices jumps after Trump’s Iran speech

Washington: Global markets fell, and oil prices rose after US President Donald Trump signalled the Iran conflict would continue for weeks, raising concerns about supply disruptions and prolonged economic fallout,...

US moves to curb offshore call centres​

Washington: The Federal Communications Commission has launched a sweeping proposal to push call centre jobs back to the United States, tighten customer service standards, and crack down on illegal robocalls...

Centre slashes excise duty on petrol and diesel by Rs 10 per litre each

New Delhi: The government on Friday slashed excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and...

India’s growth to remain resilient at 7.1 pc in FY27 despite geopolitical tensions: S&P Global

New Delhi: India’s growth remains resilient at an estimated 7.1 per cent for FY27, even as geopolitical tensions in the Middle East pose challenges to the broader Asia-Pacific region, according...

Read Previous

A.R. Rahman on turning producer

Read Next

Telecom tariff hikes drive SIM consolidation: Report

WP2Social Auto Publish Powered By : XYZScripts.com