Finance

Sunil Sayal, CFO, Nokia Solutions   On the macro side, this Budget has put aside a larger proportion of resources for the upliftment of social standards and the rural population, namely...
Feb 02, 2018
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Vishesh C Chandiok, National Managing Partner, Grant Thornton India LLP: Overall, Budget 2018 is very much aligned to the macro-global direction – reduction in corporate tax rate, protecting...
Feb 01, 2018
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The Reserve Bank of India (RBI) has issued the guidelines for interoperability among different kinds of prepaid instruments (PPIs), including e-wallets, meal vouchers and gift vouchers.   As...
Oct 17, 2018
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World Economic Forum in its Global Competitiveness Index for 2018 has placed India at 58th position in a list of 140 countries. The USA topped the list, followed by Singapore and Germany at the...
Oct 17, 2018
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The first Human Capital Index (HCI), compiled by the World Bank as part of the World Development Report 2019, has not found favour with the Government of India that has raised “serious reservations...
Oct 12, 2018
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The Institute of Chartered Accountants of India (ICAI) has sent showcause notices to the statutory auditors of the Infrastructure Leasing & Financial Services (IL&FS) group.   “The...
Oct 10, 2018
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India's corporate bond market which forms 17 per cent of the country's GDP against 123 per cent in the US and 74 per cent in South Korea, is highly concentrated in the AAA rated bonds, which may...
Oct 09, 2018
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The World Bank has said growth in India is firming up and has projected it will accelerate to 7.3 per cent in the 2018­19 fiscal and 7.5 per cent in the next two years.    The Indian economy...
Oct 08, 2018
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ICICI Bank Managing Director Chanda Kochhar has resigned from the post, the lender said in a regulatory filing on Thursday. As per filing, the board of the bank has accepted the request of...
Oct 05, 2018
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The mergers and acquisitions (M&As) involving Indian companies have been very robust in 2018. The value in the first nine months of 2018 have more than doubled, to a shade below the $100...
Oct 04, 2018
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India’s sovereign bond market continues to be battered and nothing seems to be helping it. The  government’s decision to cut its borrowing plan had raised some hope in the markets but it seems to...
Oct 03, 2018
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The British government has introduced a policy where Indian workers will require the approval of their employers to come to UK.    As per current law, workers can bring family members if they...
Oct 03, 2018
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The manufacturing in India witnessed growth in September, with Purchasing Manager Index (PMI) rising to 52.2 per cent as against 1.7 per cent in August. This is the 14th consecutive month of...
Oct 01, 2018
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The Government of India has constituted a Competition Law Review Committee to review the Competition Act.   The move is in sync with its objective to ensure that legislation meets the needs of...
Oct 01, 2018
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Punjab National Bank's (PNB's) board has given its go ahead to a proposal for capital infusion of Rs 5,431 crore from the central government.   In a regulatory filing, the state-run bank said...
Sep 28, 2018
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The ongoing global trade war is set to open up opportunities for India as a bigger trading and manufacturing base, said Finance Minister Arun Jaitley.    Speaking at the annual session of PHD...
Sep 28, 2018
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Finance Minister Arun Jaitley has said bad loans of public sector banks (PSBs) are on a fall and that the Indian economy is passing through a phase of good growth.   “Banks are very confident...
Sep 26, 2018
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India is expected to grow at a healthy 7.3% in fiscal year (FY) 2018-19 helped by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, says a new Asian...
Sep 26, 2018
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Most of the Indian companies see a significant growth in their business and growth prospects in July-September quarter of 2018-19 as against the previous quarter, said the Confederation of Indian...
Sep 24, 2018
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World Bank approves framework to support India’s transition to high-middle income from a low-middle income country, a senior official told PTI.   With this, India is expected to receive $25-30...
Sep 21, 2018
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With only 10 days left, foreign e-commerce companies, like Amazon, Google, Apple, have begun registering themselves for goods and services tax (GST) in all the states.   These companies have...
Sep 20, 2018
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The ever-falling rupee has aroused concerns in the market. However, a report by the State Bank of India and Nomura Holdings Inc. says Reserve Bank of India has enough money to defend the rupee...
Sep 20, 2018
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Commerce and Industry Minister Suresh Prabhu has reiterated India's commitment to the rule-based multilateral trading system, and has called for collective action to revitalise the agency without...
Sep 19, 2018
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The government is holding negotiations with the US on 25 per cent import tariff imposed on steel, Union Steel Minister Chaudhary Birender Singh said at an Assocham event held in New Delhi last week...
Sep 17, 2018
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With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate...
Sep 13, 2018
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Using data from several sectors, that drive growth, Quantta predicted a first quarter growth rate of 7.83 per cent, indicating that the Indian Economy is firing on all cylinders.    The actual...
Sep 11, 2018
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The country's private lender, ICICI Bank, has filed an insolvency case against Jaiprakash Associates before the Allahabad Bench of the National Company Law Tribunal (NCLT).   The Tribunal has...
Sep 11, 2018
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India Ratings and Research (Ind-Ra) has said it expects Rs 4.2 trillion of the total non-performing assets to be recovered via resolution process by the end of 2019, says a Businessline story...
Sep 05, 2018
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The path to business revival has maintained its pace in the current financial year, as signalled by the growth in corporate credit in the April-June quarter of this fiscal, said a report by...
Aug 22, 2018
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Moody’s Investors Service said, on Tuesday, that the government’s endeavour to provide more capital support to public sector banks in the current fiscal will restore capital adequacy and improve...
Aug 21, 2018
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Insolvency and bankruptcy law (IBC) has put recovery process on a faster track and improved recovery position of banks, said a survey report by Ficci-IBA.   As per it, the Insolvency and...
Aug 13, 2018
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The income tax (I-T) department has accepted 99.65 per cent of tax returns as it is and has picked only 0.35 per cent cases for detailed scrutiny thereby showcasing full faith in the taxpayers,...
Aug 09, 2018
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The investment in logistics, including infrastructure, will touch $500 billion by 2025, said Union Minister of Commerce and Industry Suresh Prabhu on Monday. He said the sector will create millions...
Jul 31, 2018
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India’s infrastructure deficit is “too large”, said S&P Global Ratings, adding that the country will take time to close the sizeable deficit between supply and demand.   “India’s...
Jul 31, 2018
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The roll-out of Goods and Services Tax (GST) is a unique experiment and is a trailblazer in various ways, while the GST Council is a path-breaking mechanism for seamless interaction between the...
Jul 30, 2018
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The Department of Telecom (DoT) has given final approval to the merger of Vodafone India and Idea Cellular, said a report by Press Trust of India (PTI), citing government sources.    "The...
Jul 27, 2018
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The Parliament on Wednesday gave its nod to a bill that will help the government to bring back fugitives to face trial in India.   The Fugitive Economic Offenders Bill, 2018 now awaits the...
Jul 26, 2018
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Despite increasing global protectionism, India’s export will continue to register healthy growth rates and will touch $350 billion in the current fiscal year, said Union Minister of Commerce &...
Jul 26, 2018
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The gross bad loans of public sector banks (PSBs) has risen to 14.6 per cent of advances in 2017-18.   The minister of state for finance Shiv Pratap Shukla said in Parliament in a written reply...
Jul 25, 2018
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Construction companies are set to clock 20 per cent compound annual growth in revenue till 2020, said Crisil. The rating agency conducted a study of 66 companies it rates in the investment grade in...
Jul 24, 2018
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The tax authorities might conduct audit of e-commerce companies to check if they have passed on rate cuts in goods and services tax (GST) rates to consumers, said an ET report.   The National...
Jul 23, 2018
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Bihar deputy chief minister Sushil Kumar Modi has said that the GST slabs can be reduced to three from five currently, in order to provide convenience to consumers and businesses.   The process...
Jul 23, 2018
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There is a possibility that India could lose the trade dispute with the USA over export subsidies, said Commerce Secretary Rita Teaotia.   The US had filed a case against India in the WTO (...
Jul 20, 2018
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The GST Council is likely to establish a National Appellate Tribunal in Delhi.    It will have three regional benches at Mumbai, Chennai and Kolkata, with members consisting of judiciary as...
Jul 20, 2018
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India is on track to meet projected growth of 7.3 per cent in 2018, said an Asian Development Bank (ADB) report released on Thursday, adding the growth will further accelerate to 7.6 per cent a...
Jul 20, 2018
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The Indian growth story continues to be intact with the GDP expected to grow around 7.5 per cent in the current financial year and improve further in the coming years.   The slowing down of the...
Jul 19, 2018
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A developed corporate bond market is the need of the hour for India as eight per cent economic growth cannot be achieved without a robust corporate capex cycle, more so as sole reliance on bank...
Jul 19, 2018
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The total retail sales in India is likely to increase from $717.73 billion during calendar year (CY) 2014 to touch $1,244.58 billion by 2018, growing at an impressive rate of about 15 per cent and...
Jul 12, 2018
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The format for annual returns and audit is likely to be approved by GST Council in its next meeting scheduled to be held on 21 July. The move is aimed at checking tax evasion.   The GST Council...
Jul 10, 2018
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The Reserve Bank of India (RBI) and the Finance Ministry should work in unison to ensure that rupee does not face any more significant fall from the current levels, as the country could then be...
Jul 04, 2018
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