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The deputy governor of Reserve Bank of India, R Gandhi, has opposed the idea to free payment service providers from licencing as they deal with money. There must be fixed criteria for them to...
Feb 21, 2017
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Soon, it will be possible to make payments only on the basis of your 12-digit Aadhaar number. Once Aadhaar becomes your single-point payment address, it will enable you to send and receive money even...
Feb 21, 2017
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As the more efficient and agile players in the financial technology (fintech) arena disrupt every facet of once known as the most traditional business model – the financial services industry,...
Feb 21, 2017
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The Income Tax (IT) department is likely to launch the second phase of bank accounts scrutiny the next month to investigate about unaccounted money making its way into banks but may ignore...
Feb 21, 2017
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Jewellery will be now be treated on par with general goods which attract 1 per cent TCS (tax collected at source) on cash purchase of more than Rs 2 lakh. That means buyers will have to pay more...
Feb 21, 2017
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The Central government is likely to make a formal announcement on the revised structure for allowances under the Seventh Pay Commission by March after the state assembly elections get over.   ...
Feb 21, 2017
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India’s largest software services firm Tata Consultancy Services (TCS) has approved a share buyback plan of up to Rs 16,000 crore, a move that is likely to put pressure on its peers Infosys and...
Feb 21, 2017
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MasterCard and Visa have teamed up with National Payments Corporation of India (NPCI) to launch BharatQR. Billed as the next big digital payment solution after BHIM, BharatQR is a common Quick...
Feb 21, 2017
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The capital market regulator, Sebi, has allowed IRB InvIT Fund to raise Rs 4,300 crore through initial public offering (IPO).    IRB InvIT is an investment trust sponsored by IRB Infrastructure...
Feb 20, 2017
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In order to attract investment in retail as well as give a big boost to the Make in India programme, the government is considering a proposal to free up foreign direct investment (FDI) policy on...
Feb 20, 2017
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India has now become the 12th largest holder of US government securities at the end of 2016, with exposure worth $118.2 billion, according to data released by the US Treasury Department.    ...
Feb 20, 2017
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You may soon bid adieu to tedious paperwork needed for EPF withdrawal and pension fixation. If all goes as planned, retirement fund body EPFO will come up with an online facility for settlement of...
Feb 20, 2017
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The latest government figures reveal that savings due to Direct Benefit Transfer (DBT) over the last three years amounted to Rs 50,000 crore as on 31 December 2016. This implies savings of almost a...
Feb 20, 2017
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As regulatory and enforcement agencies have has stepped up their scrutiny of foreign investors issuing Participatory Notes (P-Notes), investors including HSBC and UBS have stopped issuing P-Notes...
Feb 20, 2017
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Savings in real estate and gold will soon become a thing of the past. Taking cue from the rest of the world, Indian households have finally started salting away their hard earned money in the buckets...
Feb 20, 2017
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Finance Minister Arun Jaitley said that normalcy has been restored in a short period in the country post demonetisation announced in November last year.   Attending the Foundation Day ceremony...
Feb 20, 2017
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The GST Council has approved the legally vetted draft of Compensation Law, to reimburse revenue loss to states, which paved the way for the implementation of the Goods and Services Tax (GST) from...
Feb 20, 2017
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In a surprise announcement, Prime Minister Narendra Modi on November 8 delegalised the old Rs 500 and 1,000 notes. The move made a dent in immediate consumption of high-end goods but it also paved...
Feb 20, 2017
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Regional Rural Banks (RRBs) would now be able to give more loan against security of gold or precious ornaments as the Reserve Bank of India (RBI) has doubled the amount of loan to Rs 2 lakh with...
Feb 17, 2017
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The performance of Indian companies may not to improve considerably in FY18 and pick-up in capital expenditure is at least another two fiscal years away, according to a rating agency.    Demand...
Feb 17, 2017
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The Indian telecom industry has suffered losses as a result of the disruptive free services offered by Mukesh Ambani-led Reliance Jio Infocomm. The industry lost an estimated fifth of its revenue...
Feb 17, 2017
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The Centre and states would discuss the issue of tax rate on gold, one of the key pending issues, when the Goods and Services Tax (GST) Council meets on February 18 in Udaipur.   According to a...
Feb 17, 2017
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The banking system in India will need Rs 910 billion ($13.6 billion) in Tier-1 capital in the next two years to grow at the rare of at least 8 to 10 per cent on average, India Ratings and Research...
Feb 17, 2017
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Nasscom has postponed the release of a growth projection for 2017-18. The decision of not to release has come in the wake of uncertainty due to regulatory changes in the US and the macroeconomic...
Feb 17, 2017
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The Union Cabinet, on Wednesday, approved the proposal of merger of the State Bank of India with its subsidiary banks.   The five associated are State Bank of Bikaner and Jaipur, State Bank of...
Feb 17, 2017
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Following the government’s decision to absorb the merchant discount rate (MDR) charges with respect to debit card transactions while making payments, the Reserve Bank of India (RBI) has said it...
Feb 17, 2017
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The Chartered Accountants Institute is of the view that there is no need for a separate regulator to oversee its members. It expects the government to go with the recommendation of the Veerappa Moily...
Feb 17, 2017
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Rajkot is not the city that comes to mind when one thinks of titanic battles. But as the clock ticked past 4.30 pm on 13 November 2016 and India lost another wicket, the Indian fan began palpitating...
Feb 16, 2017
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“IF YOU FOCUS on what’s right, you get the energy to fix what’s wrong,” that’s the mantra to stay positive and happy in a world of chaos. Quoting National Geographic photographer Dewitt Jones,...
Feb 16, 2017
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Setting a new record in space mission achievements, the Indian Space Research Organisation (ISRO) launched 104 satellites using a single rocket from the Satish Dhawan Space Centre in Sriharikota,...
Feb 16, 2017
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As the Department of Financial Services (DFS) reaches out to banks to collate information about eligible candidates at the level of Executive Directors, industry watchers believe that around nine...
Feb 16, 2017
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The Government of India has begun tightening norms on trusts and charitable bodies.    There are allegations that these bodies, backed by corporate entities, are being used as a front for...
Feb 16, 2017
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Putting down concerns on former CFO Rajiv Bansal’s high severance pay, Infosys chairman R Seshasayee has said that the IT giant has worked on a new plan for severance payments to take care of cases...
Feb 16, 2017
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If you think matters on the governance concerns have calmed down at Infosys, analysts have a word of caution! The dust of difference in perceptions between the management and founders seems far...
Feb 15, 2017
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The government is looking into the suggestion made by the Banks Board Bureau to reward bank staff based purely on performance basis. Such employees may stand eligible for stock options from the...
Feb 15, 2017
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Hiring of Point of Sales Persons (PSPs) for selling insurance policies has become far easier for the insurers as the Insurance Regulatory and Development Authority of India (IRDAI) has relaxed...
Feb 15, 2017
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US President Donald Trump probably will not weaken the H-1B visa scheme, which is popular among Indian IT professionals, as the programme will benefit Americans and the US economy, said a senior...
Feb 15, 2017
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THERE LIVED A BOY in a small village of Gopalgarh in tehsil Kaman of Bharatpur district in Rajasthan, 140 kilometers away from Delhi. The village was very small, with a population of just 300 and was...
Feb 15, 2017
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Post demonetisation, the economy may be gradually returning back to normalcy but Avendus Capital Alternate chief executive believes that it “will not be a V-shaped recovery” as GST implementation is...
Feb 15, 2017
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The finance and labour ministries shared same view on 8.65 per cent rate of interest on Employees' Provident Fund (EPF) as Labour Minister Bandaru Dattatreya confirmed that the interest rate on EPF...
Feb 15, 2017
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Goods and Services Tax (GST) council, headed by Finance Minister Arun Jaitley, comprising representatives of all states will soon discuss a critical anti-profiteering clause in GST draft law at...
Feb 15, 2017
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HE CAME ACROSS RIGHT AWAY like Kentucky bourbon, with a smooth opening about his background, and then, a fiery kick later on as he got into the core of his ideas and future plans. Dr Marshall...
Feb 15, 2017
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With an aim to investigate high-value frauds swiftly, the Reserve Bank of India (RBI) would like banks to come up with a common pool of forensic audit firms. The idea is to ensure precious time is...
Feb 15, 2017
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To connect and integrate farmers with the food processing industry, the government’s premier think-tank Niti Aayog is in the process to prepare a model contract farming law.     Finance...
Feb 14, 2017
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The resounding success of the CFONEXT100 event capped a productive year for us at CFO India. It also once again reiterated out faith in human excellence amid a turbulent world and our capacity to...
Feb 14, 2017
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Newly released research from Veritas Technologies, the leader in information management, shows more than half of organizations have failed to begin any work on meeting minimum General Data Protection...
Feb 14, 2017
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Following the government's cash clampdown, inflation in India recorded to its lowest in the month of January in at least five years as food prices fell.   Consumer prices rose by an annual 3.17...
Feb 14, 2017
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The government has slashed prices of coronary stents by up to 400 per cent, capping them at Rs 7,260 for bare metal ones and Rs 29,600 for the drug eluting variety that will majorly benefit heart...
Feb 14, 2017
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VALUE CREATION: AN ART OR SCIENCE OR A PROCESS? Value can be defined as an enhancement in process/activity by a concerted effort which leads to a clear improvement in the way things are done and...
Feb 14, 2017
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The Reserve Bank of India (RBI) kept the rates unchanged last week and the decision has some positive effect on rupee that retained its momentum and strengthened against the US dollar for the...
Feb 14, 2017
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