Cash Crunch In India
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Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
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Desperate Families Sell Gold Ahead Of Diwali To Cope With Covid Cash Crunch
In Mumbai's jewellery bazaar, Kavita Jogani gingerly places her wedding bangles on the shopkeeper's scales, one of the thousands of Indians parting with their most cherished asset -- gold.
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This Is India's Priciest Stock, And Investors Are Pouring Cash Into It
Consumer businesses are suffering in India as economic expansion has slowed to a six-year low, exacerbated by a credit crunch amid a shadow banking crisis.
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"Sitting On 1 Lakh Crores, But Can't Be Business As Usual": SBI Chairman
As concerns mount over a cash crunch in the economy, State Bank of India Chairman Rajnish Kumar said he has at least Rs 1 lakh crore to lend for investments. The Chairman of the country's biggest lender was responding to questions on whether banks' reluctance to lend was contributing to the slowdown.
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BSNL Eyes Recovery of Rs 3,000-Crore Dues From Enterprise Clients In 2-3 Months
Bharat Sanchar Nigam Ltd (BSNL) is eyeing increased earnings from renting out its premises at various locations - the target for rental income has been set at about Rs 1,000 crore this year.
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Madhya Pradesh Spends On Ministers' Bungalows As Anganwadis Risk Shutdown
A cash crunch may have put 20,000 critical child-care centres at risk of shutting down in Madhya Pradesh but when it comes to the facelift and renovation of the ministers' bungalows, government funds are flowing freely.
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RBI Policy Meet Today, Governor's First Response On Autonomy Row Likely
After raising interest rates twice this year, the RBI will probably keep its repurchase rate unchanged at 6.5 per cent, according to 48 of 52 economists surveyed by Bloomberg.
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In 180-Degree On Notes Ban, Agriculture Ministry Cites "Mistake": Sources
Days after the Agriculture Ministry confidently arrived at a conclusion that the overnight notes ban in November 2016 led to a cash crunch and hurt farmers, it has now come up with a new assessment that says exactly the opposite.
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Animal Spirits Subdued as India Cash Crunch, Trade Wars Hit Home: Report
India's main services index expanded in August at the slowest pace in three months as both new orders as well as hiring slowed.
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Government Fights Rupee Drop, Cash Crunch In Coordinated Policy Moves
The government upped the ante in its efforts to restore investor confidence, with the RBI taking measures to ease liquidity for lenders a day after the centre raised import tariffs to support the battered rupee.
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Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
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"UN At Risk Of Running Out Of Cash", Warns United Nations Chief
The United Nations is at risk of running out of cash, the UN chief has warned, urging member states to pay their mandatory contributions on time and in full to ensure that the world body can continue to deliver on its key mandates.
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Amid Cash Crunch, Rs 14.48 Crore Seized From Hoarders Across India
The Income Tax Department has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka, in the wake of recent cash crunch in the country, officials said today.
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After PM's Shock Notes Ban, Indians Revert To Old Habit Of Hoarding Cash
Currency withdrawals in the January-March quarter stood at Rs 1.4 lakh crore, about 27 per cent more than in same quarter of 2016.
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Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
-
Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
-
Desperate Families Sell Gold Ahead Of Diwali To Cope With Covid Cash Crunch
In Mumbai's jewellery bazaar, Kavita Jogani gingerly places her wedding bangles on the shopkeeper's scales, one of the thousands of Indians parting with their most cherished asset -- gold.
-
This Is India's Priciest Stock, And Investors Are Pouring Cash Into It
Consumer businesses are suffering in India as economic expansion has slowed to a six-year low, exacerbated by a credit crunch amid a shadow banking crisis.
-
"Sitting On 1 Lakh Crores, But Can't Be Business As Usual": SBI Chairman
As concerns mount over a cash crunch in the economy, State Bank of India Chairman Rajnish Kumar said he has at least Rs 1 lakh crore to lend for investments. The Chairman of the country's biggest lender was responding to questions on whether banks' reluctance to lend was contributing to the slowdown.
-
BSNL Eyes Recovery of Rs 3,000-Crore Dues From Enterprise Clients In 2-3 Months
Bharat Sanchar Nigam Ltd (BSNL) is eyeing increased earnings from renting out its premises at various locations - the target for rental income has been set at about Rs 1,000 crore this year.
-
Madhya Pradesh Spends On Ministers' Bungalows As Anganwadis Risk Shutdown
A cash crunch may have put 20,000 critical child-care centres at risk of shutting down in Madhya Pradesh but when it comes to the facelift and renovation of the ministers' bungalows, government funds are flowing freely.
-
RBI Policy Meet Today, Governor's First Response On Autonomy Row Likely
After raising interest rates twice this year, the RBI will probably keep its repurchase rate unchanged at 6.5 per cent, according to 48 of 52 economists surveyed by Bloomberg.
-
In 180-Degree On Notes Ban, Agriculture Ministry Cites "Mistake": Sources
Days after the Agriculture Ministry confidently arrived at a conclusion that the overnight notes ban in November 2016 led to a cash crunch and hurt farmers, it has now come up with a new assessment that says exactly the opposite.
-
Animal Spirits Subdued as India Cash Crunch, Trade Wars Hit Home: Report
India's main services index expanded in August at the slowest pace in three months as both new orders as well as hiring slowed.
-
Government Fights Rupee Drop, Cash Crunch In Coordinated Policy Moves
The government upped the ante in its efforts to restore investor confidence, with the RBI taking measures to ease liquidity for lenders a day after the centre raised import tariffs to support the battered rupee.
-
Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
-
"UN At Risk Of Running Out Of Cash", Warns United Nations Chief
The United Nations is at risk of running out of cash, the UN chief has warned, urging member states to pay their mandatory contributions on time and in full to ensure that the world body can continue to deliver on its key mandates.
-
Amid Cash Crunch, Rs 14.48 Crore Seized From Hoarders Across India
The Income Tax Department has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka, in the wake of recent cash crunch in the country, officials said today.
-
After PM's Shock Notes Ban, Indians Revert To Old Habit Of Hoarding Cash
Currency withdrawals in the January-March quarter stood at Rs 1.4 lakh crore, about 27 per cent more than in same quarter of 2016.
-
Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
