Image: IANS

No premature closure of Senior Citizens’ Savings Scheme account on death: Govt

New Delhi | The Finance Ministry on Thursday clarified that premature closure of an account under the Senior Citizens’ Savings Scheme (SCSS) does not get triggered due to the death of account holder, but is applicable only when the account holder requests for the account’s closure before the maturity period. In such cases of premature […]

Photo: IANS

RBI cancels licence of Laxmi Co-operative Bank, Solapur

Mumbai | The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Ltd in Maharashtra’s Solapur. Consequently, the bank ceases to carry on banking business, with effect from the close of business on September 22. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to […]

Gautam Adani (File Image Via IANS)

Adding Rs 1,600 cr per day to his wealth, Adani tops India’s rich list, ranks second in world

Chennai | Takeover tycoon and world’s second richest person, 60-year-old Gautam Adani, naturally heads the India’s rich list with wealth of Rs 10,94,400 crore, as per the IIFL Wealth Hurun India Rich List 2022. Adani ranks second after Tesla CEO, Elon Musk who has net worth of Rs 12.37 lakh crore. Interestingly, Adani gets the honours […]

Photo: IANS

Digital currency to be launched as pilot project this year: RBI Deputy Governor

New Delhi | Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar on Wednesday said that the central bank will launch its digital currency as a pilot project this year. Addressing the India Ideas Summit, he said that Central Bank Digital Currency (CBDC) is the most efficient system for cross-border payments. Finance Minister Nirmala […]