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by Sicanta
25 Nov 2016 23:35
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Sorry to be asking a dumb question, but how is one supposed to use UPI? Is there an app? Yes, search for it on playstore. All the major banks have one. Choose the one you like and you can connect multiple bank accounts through single app alone. Sbi too has launched one yesterday. http://www.financi...
by Sicanta
25 Nov 2016 13:04
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

Of the 695 passengers on board the ill-fated Indore-Patna Express who booked online tickets, only 128 had opted for the insurance, which costs only 92 paise.

Image
by Sicanta
25 Nov 2016 12:33
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

SBI, HDFC Bank to accept UPI payments http://www.business-standard.com/article/finance/sbi-hdfc-bank-on-boarding-upi-brandwagon-will-push-offtake-of-the-digital-payments-scheme-116112201109_1.html Digital transactions in banking sector going up: SBI http://www.financialexpress.com/industry/banking-...
by Sicanta
25 Nov 2016 11:10
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

SBI undercuts all, slashes rates to lure corporate customers away from others http://www.financialexpress.com/industry/banking-finance/sbi-undercuts-all-slashes-rates-to-lure-corporate-customers-away-from-others/455462/ With the cost of funds falling fast, State Bank of India (SBI) is resorting to ...
by Sicanta
24 Nov 2016 11:31
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

They may use this ploy to offset their NPA losses (without obviously appearing to do so) and boost their bottom lines at the cost of their customers. Sooner or later they are going to have to drop interest rates on loans as well. Right now they are hiding behind the RBI rate and also the longer win...
by Sicanta
23 Nov 2016 12:59
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

I mean, anyone claiming benefits such as a cheaper gas cylinder and then depositing 2 lacs in November would obviously be a candidate for some love even if the PM said otherwise. I can only imagine how many people would be doing so especially in the lower middle income bracket, who make enough to n...
by Sicanta
22 Nov 2016 09:22
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

Karan M wrote:what insurance? 1 lakh? wont let a man survive lifelong `in india in anyhalf decent city


It is an insurance worth Rs 10 lakh only for those who bought e ticket, for now. Insurance prmium is worth 92 paise.
by Sicanta
21 Nov 2016 22:35
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

I hope the above is not true or else it will be a case of manslaughter
by Sicanta
21 Nov 2016 16:55
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

What I am reading in vernacular newspapers and news channels is that the coaches were making a peculiar noise whenevr the train was traveling at speed. It was first noticed by passengers near Lalitpur before Jhansi and they informed the TC. But the directions were given to bring the train to kanpur....
by Sicanta
20 Nov 2016 23:06
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

The problem is excessive overuse of existing infra, and it will give way at some point. And the mainline between Delhi and Howrah via Kanpur and Allahabad is one of the most overburdened sections on IR. There is a pressing need for more infra by way of the DFC and alternative routes to relieve pres...
by Sicanta
20 Nov 2016 20:54
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

3 general, 5 ac and 6 sleeper coaches derailed.
by Sicanta
20 Nov 2016 18:26
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

3 army officers were also traveling in the train. I hope they are all right.

And as for remedial measures, all trains should be given lhb coaches on war footing.
by Sicanta
20 Nov 2016 17:47
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3418
Views: 490018

Re: Indian Railways Thread (Dec 2015)

Major train accident in Kanpur Dehaat District, UP. Indore - Patna Exp. 14 coaches derailed. 115 Dead and more than 200 injured till now, nearly half of the grievously. https://im23-c75.kxcdn.com/0/2065747/0/img20161120wa0009.jpg https://im23-c75.kxcdn.com/0/2065747/0/img20161120wa0007.jpg https://i...
by Sicanta
18 Nov 2016 11:44
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Plastic, paytm etc has penetration here but not many people actually willing to use it. Maybe fear of fraud or force of habit Fear of fraud seems to be quite high especially among middle-aged and older generation. I face this all the time when I exhort my parents to increase use of plastic money an...
by Sicanta
18 Nov 2016 00:39
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

The government said on Thursday that people can get cash at select petrol pumps with SBI machines by swiping their debit cards, another move aimed at tackling long queues of people turning up at banks and ATMs to exchange or deposit Rs 500 and Rs 1,000 banknotes that were withdrawn last week. The f...
by Sicanta
17 Nov 2016 22:18
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

I am not going to ATM just so I do not take share of money that could be much more useful for someone else. I see many folks, particularly bachelor folks in my area who are quite well educated and can easily handle all card transactions taking out cash to the limit from ATM (and in my place there i...
by Sicanta
17 Nov 2016 10:43
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

SBI cuts deposit rates below 7% http://www.financialexpress.com/industry/banking-finance/sbi-cuts-deposit-rates-below-7/447603/ SBI chairman Arundhati Bhattacharya had said last week that since banks have got more than R3.25 lakh crore in deposits following the de-monetisation drive, sooner or late...
by Sicanta
17 Nov 2016 10:42
Forum: Trash Can Archive
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4573
Views: 549968

Re: Indian Economy News & Discussion - Aug 26 2015

SBI cuts deposit rates below 7% http://www.financialexpress.com/industry/banking-finance/sbi-cuts-deposit-rates-below-7/447603/ SBI chairman Arundhati Bhattacharya had said last week that since banks have got more than R3.25 lakh crore in deposits following the de-monetisation drive, sooner or late...
by Sicanta
16 Nov 2016 20:10
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Not for next few years another pay commission. But for bankers, one is due next year
by Sicanta
16 Nov 2016 15:12
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Sitaram Yechury must have watched gladiator before coming to RS :)
by Sicanta
15 Nov 2016 18:00
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

^ Some reports state that the printing has been on for the past six months. Lets discount that by 50% as preparation time we still have about 3 months of currency printed mostly for Rs 2000, 100, 50 and 20 variety. The bottleneck seems to be in distribution to Banks, exchange at the counters, ATM r...
by Sicanta
15 Nov 2016 15:18
Forum: Trash Can Archive
Topic: Understanding the United States of America (USA) - IV
Replies: 929
Views: 71386

Re: Understanding the United States of America (USA) - IV

How the mainstream media destroyed itself, with a little help from Donald Trump

http://www.news.com.au/finance/business ... 9ccd370b41
by Sicanta
15 Nov 2016 13:22
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Was the advice ignored? RBI had asked banks on Nov 2 to calibrate ATMs for Rs100 note

http://www.business-standard.com/articl ... 469_1.html
by Sicanta
14 Nov 2016 20:21
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Well atleast in UP, according to Praveen Patil's latest survey, Modi is pulling through spectacularly.
by Sicanta
14 Nov 2016 18:06
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

AAP - kejriwal, BSP - Mayawati, Congress - Hooda have launched a simultaneous attack on modi for demonetization drive against BM. Can always trust them to remind people of the stakes involved in this war. Doing yeoman service to the nation.
by Sicanta
14 Nov 2016 15:36
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Visit to Indian Overseas Bank with a friend who wanted to depoist 2L Bankwala SO: You are transacting with this bank after 2 years Friend : Hain ? SO: You have already deposited big amount in BoB recently Friend : Hain ? SO : Why you want to deposit after two years ? Friend : Cash In Hand in busine...
by Sicanta
14 Nov 2016 14:53
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Apparently, army has been deployed to transfer currency from printing press to rbi regional offices.

https://twitter.com/manakgupta/status/7 ... 1928081408
by Sicanta
14 Nov 2016 13:52
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

chetak wrote:^^^^^^^

There are enough and more bank managers who have grown wealthy simply by being cooperative.


And all that corruption is going to be dealt with. Benami properties is next in line as modi ji said.
by Sicanta
14 Nov 2016 13:50
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

However,this is how the West sees it! Britain,which is the world's worst global offender for sheltering criminals of all kinds,nationalities,occupations from arms dealers to drup peddlars,Russian oligarchs on the run,etc.,etc. ,including one Vijay Mallya and other unscrupulous arms dealers of India...
by Sicanta
14 Nov 2016 13:40
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

And this must have happened during the 1st 1-2 days when the system to catch multiple use of id in different banks on same day was not up and running. Even then how many ids one can arrange in 1 days notice and how much exchanged given the limit per id? Now it is compulsorily enforced due to rbi di...
by Sicanta
14 Nov 2016 13:15
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

here is a tweet by S Gurumurthy. This is also spam, I am sure :twisted: S Gurumurthy ‏@sgurumurthy Nov 10 3 celebrated pvt banks seem to have colluded with a corp buccaneer & a political party to give new notes for old for 100+ cr in Delhi n Bby 904 retweets 400 likes And this must have happene...
by Sicanta
14 Nov 2016 12:49
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Received by email. CT or possible?? Bankers woes . Hi, I am working in a leading national bank and I am writing this with great disappointment.Corrupt bank official are changing black money into white. Modus Operandi:- Government allow to change 4000/- rs per person per day. 1. Big corporate houses...
by Sicanta
14 Nov 2016 11:53
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

BTW for exchange of notes, what is the bank checking ? aadhar card ? if there is no aadhar card is it pan card, am afraid there might be a loophole in exchanging notes when there is no live verification of a person's id. what is the guarantee am who i state am PAN card. System online so they know a...
by Sicanta
14 Nov 2016 11:33
Forum: Strategic Issues & International Relations Forum
Topic: Understanding the United States of America (USA) - III
Replies: 2933
Views: 170598

Re: Understanding the United States of America (USA) - III

Yagnasri wrote:https://www.youtube.com/watch?v=UiX-pPQMgXc

People weeping and all that. Really, they have no courage or take capacity take a hit and keep going.


Come to think of it, these are no different then aapians who see kejri as their massiah.
by Sicanta
14 Nov 2016 11:22
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

GAAR (General Anti-Avoidance Rule) too is scheduled to come into effect from April 1 next year. It will allow targeting of tax evasion.
by Sicanta
14 Nov 2016 11:04
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

All the arrangements that are being made by BM holders so far are based on information publicly available, riders attached hardly known. Even if you successfully deposit some money, you never know when the IT dept comes knocking on your door if it deems the amounts deposited as unusual. And none of ...
by Sicanta
14 Nov 2016 10:35
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

Plus jewelers who tried to be too smart are done for

Crackdown on gold traders: Nov 15 may be last day for jewellers to deposit old notes

http://www.business-standard.com/articl ... 142_1.html
by Sicanta
14 Nov 2016 10:29
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 697800

Re: Currency Demonetisation and Future course of Indian Economy

One can exchange only by sharing his pan card number. And since the system is online, anyone doing large no. of exchanges even in multiple banks against his id will get caught. Some people have labour force at disposal, and their family members and friends. This is why the number of people are crow...

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