Archive

Category: Business

Cash crunch: urgent steps needed: AIRRBEA

All India Regional Rural Bank Employees Association (AIRRBEA) on Thursday urged the Finance Ministry to take some urgent steps to overcome the acute cash crunch in banks. In a letter addressed to Finance Minister Arun Jaitely, the Association Secretary General…

Cash flow in ATMs improves

Cash flow in over two lakh ATMs across the country improved considerably on Wednesday, a day after currency crisis was reported from at least half a dozen states. The government claimed that the situation was fast improving with over 80…

Rupee falls by 5 paise against USD

Rupee on Friday slipped by five paise to 65.30 in opening trade, on rising demand for US Dollars by bankers and importers, dealers at Forex Market said. Despite better-than-expected inflation numbers released on Thursday, the indian currency declined in early…

Government nod for closure of loss making BSCL

Government on Wednesday approved the closure of loss making Railway Ministry’s subsidiary Burn Standard Company Ltd (BSCL). The decision to close down the Central Public Sector Enterprise (CPSE), engaged in the manufacturing and repair of wagons and production of steel,…