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99% of Scrapped Notes Back in System: RBI

KalingaTV News Network Bhubaneswar: The Reserve Bank of India (RBI) on Wednesday revealed in its annual report that Rs 15.28 lakh crore, or 99 per cent of the Rs 15.44 lakh crore in higher denomination currency that was rendered invalid on…

RBI launches new Rs 200 notes

KalingaTV News Network Mumbai:  In a first of its kind, the Reserve Bank of India (RBI) on Friday launched the new 200 rupee denomination banknotes, bearing signature of the Governor Dr. Urjit R. Patel. The note was issued from select RBI…

RBI cuts Repo Rate by 25 basis points to 6%

KalingaTV News Network Mumbai: In its 3rd bi-monthly monetary policy decision of FY 2017-18, the Reserve Bank of India (RBI) on Wednesday  reduced the Repo Rate under the Liquidity Adjustment Facility by 25 basis points from 6.25 percent to…

Banks target Rs 60000 Cr loan disbursal in Odisha

Bhubaneswar: In a major development to provide financial assistance to the people of Odisha, some selected banks have fixed a target to disburse loans worth  Rs 60000 crores across the state. Finance Minister Sashibhusan Behera has asked…

Union Govt sets up Panel to examine Virtual Currencies

The Union Government has set up an Inter-Disciplinary Committee to examine the existing framework with regard to Virtual Currencies including Bitcoins. The Committee, chaired by Special Secretary (Economic Affairs), will take stock of the…