RBI warned govt about DeMo before PM Modi's announcement : Bulletin: Business Today
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RBI warned govt about DeMo before PM Modi's announcement

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March 12, 2019

RBI warned govt about DeMo hours before PM Modi's 8 pm announcement

Hours before Prime Minister Narendra Modi announced demonetisation, removing Rs 500 and Rs 1,000 notes, the Reserve Bank of India (RBI) had warned that banning high-value cash was unlikely to have any substantial impact on tackling the black money menace. This was according to minutes of the meeting revealed by the RBI in an RTI reply.
Hiring activity sees 16 per cent growth in February, says report
Hiring activities registered 16 per cent growth this February mainly led by the IT and software industry that clocked a 38 per cent growth, says a report.
The Naukri JobSpeak Index for February 2019 stood at 2,415 from 2,087 in February 2018. Also, the report said the construction and engineering industry saw an increase in hiring with a growth rate of 16 per cent.
Tata Motors bags orders for 2,500 commercial vehicles

Tata Motors Monday said it has bagged orders for over 2,500 commercial passenger transportation vehicles (CVs) from various institutional customers and it is in the process of delivering these units. It has also bagged orders for 400 CNG buses
India eyes funds from Saudi Arabia for strategic oil reserves, refinery project

India has sought investment from Saudi Arabia to invest in its emergency crude oil reserves that will act as a buffer against contingencies like volatility in oil prices and supply disruptions for the world's third-largest oil consumer. Oil Minister Dharmendra Pradhan discussed Saudi's participation in the Indian Strategic Petroleum Reserve Program at a meeting with his Saudi counterpart Khalid Al Falih who visited India second time in three weeks on Saturday
EPF transfers on job change to be automated from next year

The Employees Provident Fund Organisation (EPFO) is planning to automate the process of PF transfer when an employee switches jobs. This is to help the subscribers of the retirement fund service to keep track of the contributions made by their previous employers and the interest accrued on them.
OLX elevates Sushil Kumar as General Manager for India

Global product and tech group, OLX has elevated Sushil Kumar, the former Chief Revenue and Strategy Officer at OLX India, as the General Manager for India at a time when India is being identified as the key strategic growth market globally for the company. India's leading online classifieds platform said Sushil has been part of the charter team and over the years, has played a critical role in setting up some key business functions

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