Nifty hovers around 8250; Sheela Foam surges 39% to Rs 1018

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                        Nifty hovers around 8250; Sheela Foam surges 39% to Rs 1018

Banks in China and India will continue to remain under pressure next year due to mounting bad loans, even though earnings and capital buffers are strong enough to withstand any serious threat, Fitch warned.

Economy : Demonetisation: Get discounts on fuel, rail tickets, tolls on digital payments

The government on Thursday made petrol and diesel cheaper for those paying digitally and offered up to a 10 percent discount on insurance premium paid through state-owned companies’ online portals, as part of a string of new measures to wean people away from using cash.

Fuel purchases For those paying through cards and e-wallets, petrol and diesel purchases will be cheaper by 0.75 percent Point-of-sale machines The government will provide two Point of Sale (PoS) machines for free to each of the one lakh villages that have a population of upto 10,000. Around 750 million crore people will get access to these machines. Also, fee for PoS devices given by banks will be capped at Rs 100. Currently, there are 6.5 lakh such PoS across the country.

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