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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https://www.youtube.com/watch?v=wgodzcmRHkM&feature=youtu.be
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...
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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