The amount withdrawn from ATMs has gone back to pre-demonetisation levels of Rs 2.53 lakh crore in October 2017, almost on par with the Rs 2.54 lakh crore withdrawn from ATMs in October 2016 which was pre demonetisation.
“Taxation on capital in India is from several sources and at marginal rate it adds up."
In its monetary policy review RBI said all base rates will be linked to MCLR effective from 1 April.
"It is now time to move from ‘AA’ to ‘A’ grade ratings. The government and concerned regulators will take necessary action," FM had said in Budget speech.
Arun Jaitley said in his speech in Parliament that the Sebi will consider making it mandatory for large companies to raise about a fourth of their financing needs in the bond market.
So far, only mutual funds were allowed to invest in A rated bonds.
Unlike CRR, deposits parked with the RBI through this new facility could earn banks interest.
Standalone net profit fell to Rs 1,650 crore, or Rs 2.55 per share.
I am more optimistic than six months ago. All indicators globally seem to suggest demand: Shyam Srinivasan
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