Today's Sector News – 24.05.2019
* BANKING: The Reserve Bank of India has allowed large modern currency chests operated by banks to charge a maximum service charge of 8 rupees per packet of 100 pieces on cash deposited by non-chest bank branches. The earlier charge was 5 rupees per packet of 100 pieces.
* ECONOMY: Moody's Investors Service has said it expects India's broad push towards fiscal consolidation to continue even though the government's fiscal policies are yet to be finalised.
The Bharatiya Janata Party-led National Democratic Alliance landslide victory marks easing of political uncertainty and is likely to improve business sentiment and private investment outlook, Fitch Ratings said.
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* ECONOMY: Moody's Investors Service has said it expects India's broad push towards fiscal consolidation to continue even though the government's fiscal policies are yet to be finalised.
The Bharatiya Janata Party-led National Democratic Alliance landslide victory marks easing of political uncertainty and is likely to improve business sentiment and private investment outlook, Fitch Ratings said.
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