Daily News

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RBI to set up panel to review ATM fees, charges

RBI will set up a committee to review ATM charges and fees. It is a move that could impact the charges paid by customers of other banks to use the facility. The panel will be headed by VG Kannan, CEO of Indian Banks’ Association.

Did you Know

RBI decided to remove charges on NEFT & RTGS transactions.

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Mumbai Most Traffic Congested City in The World, Delhi At Fourth

As per the Traffic Index-2018, Mumbai is the most traffic-congested city for the 2nd consecutive year with commuters spending an average of 65% extra travel time. Bogota (63%) stands at 2nd place followed by Lima (58%), New Delhi (58%), Moscow (56%).

Did you Know

Bogota – Capital of Colombia
Peru – Capital of Lima

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World Oceans Day – June 8

World Oceans Day is an opportunity to raise global awareness of the challenges faced by the international community in connection with the oceans. The 2019 theme is ‘Gender and the Ocean’.

Did you Know

The day is celebrated since 2009.

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Azim Premji to retire as Executive Chairman of Wipro

Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July 2019. He led the company for 53 years. He will continue to serve on the board as Non-Executive Director and founder Chairman. He would be replaced by Rishad Premji.

Did you Know

Abidali Z Neemuchwala will be re-designated as CEO & MD of Wipro

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Third-party insurance premium for two wheelers, cars to go up from June 16

IRDAI has increased the mandatory third-party motor insurance premium by up to 21% for certain categories. It will be applicable from June 16. The new TP insurance for smaller cars (less than 1000 cc) will cost ₹ 2072 or 12% from the existing ₹ 1850.

Did you Know

IRDA set up as an autonomous body under the IRDA Act, 1999.

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CII launches new Index to measure fiscal performance

Confederation of Indian Industry has launched a Fiscal Performance Index to assess state and central budgets. The Index will consider expenditure on infrastructure, education, healthcare & other social sectors beneficial for economic growth & tax revenues.

Did you Know

FPI will analyze state &central budgets from 2004-05 to 2016- 17

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Sunil Chhetri becomes most capped India player

Sunil Chhetri became the most capped India player with 108 international matches. He overtook his mentor Bhutia's record of 107 matches when he captained India in the King's Cup opener against Curacao.

Did you Know

Grey Cup is associated with Football.

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RBI announces forex platform for retail participants

RBI announced the rollout of a foreign exchange trading platform for retail participants. It aims to provide transparency of pricing & promote competition among market-makers leading to better pricing for all customers.

Did you Know

Platform had been developed by Clearing Corporation of India Ltd

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India notifies tax info exchange pact with Marshall Islands

India has notified a tax information exchange agreement with the Marshall Islands, enabling the exchange of information, including banking and ownership information, between the two countries for tax purposes.

Did you Know

Marshall Islands:
President - Hilda Heine
Currency – US Dollar

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Dr John: Grammy-winning musician dies at 77

American singer Malcolm John Rebennack has died at 77. He was known for music combining blues, pop, jazz, boogie-woogie and rock and roll. He was a six-time Grammy winner. He recognized as a solo performer with the release of his album Gris-Gris in 1968.

Did you Know

He was inducted into the Rock and Roll Hall of Fame in 2011