RBI lifted ceiling on interchange fee on ATM withdrawals through circular issued Friday. Interchange fee is amount one bank pays another to facilitate ATM transactions.
Sources say RBI is set to extend the deadline for 6 months or till the end of the 2019-20 fiscal as banking officials look to ensure that ATM operations are ‘not disrupted’.
As the parents of an infant claimed last week that their son was killed by a rat bite at a hospital, ThePrint runs down the different times rodents wreaked havoc.
Demonetisation got popular support initially, but patience soon ran out. It dealt a massive blow to the Indian economy, and 99% of the currency came back.
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Headlines today rotate around four pivots — military, money, Modi, and a splash of cricket.
Military
The Indian Express opens with a headline on a new...
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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