Over Rs 72,000 crore in unclaimed bank deposits transferred to RBI fund: Government

More than Rs 72,000 crore in unclaimed bank deposits, including amounts lying with foreign lenders, have been transferred to a fund maintained by the Reserve Bank of India (RBI), the government told Parliament on Tuesday. The money is held in the Depositor Education and Awareness (DEA) Fund and reflects balances that have remained untouched for…

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Tobacco Board urges finance minister Nirmala Sitharaman to revisit tax hike in interest of farmers, workers

File photo: Union finance minister Nirmala Sitharaman NEW DELHI: Tobacco Board, under the administrative control of the Department of Commerce, has written a letter to finance minister Nirmala Sitharaman highlighting the adverse impact of the unprecedented increase in excise duties on cigarettes on the industry, as well as on millions of farmers and workers.The excise…

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Amit Shah to address rally in Puducherry on Feb 14; massive security deployment planned | India News

Union home minister Amit Shah (File photo) NEW DELHI: A massive security deployment is planned in Puducherry’s Karaikal ahead of Union home minister Amit Shah’s visit on February 14, with nearly 500 police personnel to be stationed across the region for protection and crowd control at his public programme. Personnel from the Puducherry Police and…

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Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’

Strategy CEO Michael Saylor brushed off concerns about the company’s credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. “If bitcoin falls 90% for the next four years, we’ll refinance the debt,” the executive said Tuesday on CNBC’s “Squawk Box.” “We’ll…

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