Wednesday 18th of January 2017 11:26:56 AM  Agra

RBI raised cash withdrawal limit from ATMs to ten thousand rupees

New Delhi-RBI raised cash withdrawal limit of 4500 rupees per day from ATMs to ten thousand rupees per card with immediate effect. However, the overall withdrawal limit from saving accounts will remain unchanged at 24 thousand rupees per week. The withdrawal limit from current accounts has also been enhanced from 50,000 rupees per week to one lakh rupees. It extends to overdraft and cash credit accounts also.

Samajwadi free smart phones scheme in UP suspended on EC directives

Lucknow- Govt of has suspended the registration of Samajwadi smart phone scheme with immediate effect. BJP has lodged protest over the scheme with the EC.More than 10 million people who have passed 10th exam and over the age of 18 years have already registered themselves for free smart phones if SP retains power in UP in the assembly polls. Govt officials said that on the directives of the EC the scheme has been suspended with immediate effect.The scheme was extended recently till January 31 next last month.

Start-up enterprises may get additional tax benefits - Sitharaman

New Delhi-Union Commerce Minister Nirmala Sitharaman said that start-ups may get additional tax benefits from Govt in the forthcoming budget. She was speaking at the first anniversary function of Start Up India in New Delhi.Mrs Sitharaman said the ministry has already suggested to the finance ministry to consider raising tax holiday for start-ups to 7 years from the current 3 years to encourage budding entrepreneurs.

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