Rupee weakens by 15 paise to 68.21 against dollar
Rupee weakened by another 15 paise
Rupee weakened by another 15 paise to 68.21 against the dollar in early trade at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers amid sustained foreign fund outflows.
Benchmark
It is composed of 30 largest and most actively-traded stocks on the BSE.
No tax imposed on farm produce till BJP govt in power
Tax under the name of agricultural earning will not spared.
Union Agriculture minister Radha Mohan Singh said, there will be no tax imposed on farm produce till BJP led government is in power, but the people who save tax under the name of agricultural earning will not spared.
Water projects
22 projects of the total 100 projects are situated in Maharashtra.
RuPay card usage at PoS terminals surges 7 times after demonetization.
Demonetisation has boosted the digital platforms for payment.
Demonetisation has boosted the digital platforms for payment. The National Payments Corporation’s RuPay card usage at merchant terminals has surged seven times since 8th of November, taking the daily volumes to over 2.1 million.
Daily transaction
5 million transactions through RuPay cards.
Black money holders to bear taxes,
Penalties amounting to over 137% post raids
Black money holders will have to bear taxes and penalties amounting to over 137 per cent if they do not admit to or fail to explain the source of undisclosed income after being raided.
107.25 % fine
Undisclosed income is admitted during search operations.
Jaitley takes stock of demonetisation drive with bankers
Meeting in New Delhi with Indian Banks’ Association
Finance Minister Arun Jaitley took stock of the demonetisation drive at a meeting in New Delhi with Indian Banks’ Association Chief and heads of key banks including State Bank of India and Punjab National Bank.
30th December
last date to deposit old 500 and 1,000 rupee notes.
Government removes minimum export price on potato
Minimum Export Price (MEP) on potato.
The government has removed the Minimum Export Price (MEP) on potato. Directorate General of Foreign Trade said in a notification that export of potatoes, fresh or chilled is permitted without any MEP.
MEP on potato
360 $ per tonne on potato.
The post Banking Awareness 29th December 2016 | Financial Affairs 29th December 2016 appeared first on Exambin | Social Competitive Learning.
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