The growth of non-bank financial companies will be a thing of the past, with revelation of money market defaults by Infrastructure Leasing & Financial Services (IL&FS). NBFCs roped in...
Oct 08, 2018
In its fourth bi-monthly monetary policy statement of 2018, the Reserve Bank of India (RBI) has kept the repo rate (key lending rate) unchanged at 6.5 per cent. The move to maintain status...
Oct 05, 2018
The government will decide whether the ousted directors of Infrastructure Leasing & Financial Services (IL&FS) can retain board memberships at other companies or take up new ones, a senior...
Oct 03, 2018
With rupee slumping to all time low, steel ministry has proposed duty hike on import of some steel products to 15 per cent, said a Reuters report quoting two sources. The current import rates...
Sep 20, 2018
The government has given its go ahead for the merger of three public sector banks (PSBs) – Bank of Baroda, Vijaya Bank and Dena Bank. The Alternative Mechanism headed by Union Finance...
Sep 18, 2018
India has again deferred imposition of higher tariffs on some goods imported from the United States till November 2, a Reuters report said, specifying a government order. This happens to be...
Sep 18, 2018
With as much as Rs 80,000 crore stuck in litigation, the telecom department mulls framing plans, so that disputes with operators are minimised, said people with knowledge of the matter told ET...
Sep 13, 2018
The state lender, Punjab National Bank (PNB), has put nearly two dozen non-performing accounts (NPAs) on sale to recover over Rs 1,320 crore. The scam-hit bank has a wing to look into the...
Sep 13, 2018
The capital market regulator, Securities and Exchange Board of India (Sebi), chairman Ajay Tyagi, on Tuesday, expressed on the need for greater governance norms to keep the faith and trust of...
Sep 12, 2018
Reserve Bank of India (RBI) deputy governor Viral V Acharya has called for a new law that can help set up the proposed public credit registry (PCR), which can fix wrongdoings in the financial data...
Aug 21, 2018
India should focus on increasing its exports to the US and China markets, taking advantage of trade war between both countries, said the Confederation of Indian Industry (CII). With the US...
Aug 06, 2018
With surplus liquidity in the banking system, the banks should not rush into increasing their lending and deposit rates despite the Reserve Bank of India raising the benchmark, repo rate, the...
Aug 06, 2018
The Goods and Services Tax (GST) Council might replace the 12 per cent and 18 per cent slabs with a 14-15 per cent rates, said Bihar Deputy Chief Minister Sushil Modi. He said while...
Aug 03, 2018
The Reserve Bank of India (RBI), in its third policy statement of 2018-19 announced today, has hiked key interest rate by 25 basis points to 6.5 per cent. "On the basis of an assessment of...
Aug 01, 2018
The new e-commerce policy will be finalised soon, a top government official has said. “We don’t want to continue with the vacuum in the e-commerce policy space,” said Anup Wadhawan, Special...
Jul 31, 2018
The country needs to improve its human development index (HDI), in order to achieve a double digit growth rate of around 10 per cent, said Niti Aayog CEO Amitabh Kant. "We are growing at...
Jul 30, 2018
The tax officials in states and Union territories will hold discussions with trade, industry bodies and small scale industries, with an aim to understand their issues and grievances relating to...
Jul 27, 2018
The Government of India will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 in order to align with Goods and Services Tax (GST) laws by end of this month, Bidyut Behari Swain...
Jul 26, 2018
The Securities and Exchange Board of India (Sebi) might come up with new guidelines to boost listing of startups in the main platform of the two major stock exchanges in India. People...
Jul 23, 2018
The Ministry of Corporate Affairs (MCA), on Wednesday, put before public draft note on cross-border insolvency. In a statement, the ministry said, "The MCA is keen to introduce a globally...
Jun 21, 2018
The Department of Telecommunications (DoT) might give conditional go-ahead to the merger of Vodafone India and Idea Cellular today, say media reports. The deal between the country's second...
Jun 18, 2018
The Insolvency and Bankruptcy Board of India (IBBI) has penned down a regulation on fees payable to an insolvency professional and expenses incurred by him during the corporate insolvency...
Jun 14, 2018
The United States Federal Reserve, on Wednesday, raised interest rates by 25 basis points. With this, the Federal Reserve has hiked interest rates for the second time this year and the...
Jun 14, 2018
The country's largest bank, State Bank of India, has planned to pursue a two-pronged strategy comprising portfolio reordering that will reduce the credit risk-weighted assets (CRWA) to total...
Jun 13, 2018
The country's largest bank SBI will conduct auction of 12 non-performing accounts (NPAs) on June 25. The move is aimed at recovering dues of over Rs 13.25 billion. The accounts which...
Jun 11, 2018
The Government of India appointed task force has identified nearly 2,25,910 shell firms, which will be removed from the register of companies in the current financial year. As per an...
Jun 08, 2018
Homebuyers will now be considered as financial creditors to real estate developers. President Ram Nath Kovind has given his assent to promulgate an ordinance amending the insolvency law...
Jun 07, 2018
The Reserve Bank of India (RBI), on Wednesday, hiked the key lending or repo rate by 25 basis points to 6.25 per cent. Consequently, the reverse repo rate stands adjusted to 6.0 per cent, and...
Jun 06, 2018
Given the rapid rise in the size of the US deficit, the US Federal Reserve must slow its plans to shrink the balance sheet, said RBI governor Urjit Patel. "If it does not, treasuries will...
Jun 05, 2018
The Government of India will hold discussions with the industry on electronics manufacturing related specifics in segments like automotive, defence, medical and power that are currently ruled by...
May 31, 2018
Resevera Bank of India is set to announce its bi-monthly policy statement next week and the speculations are high if the central bank will raise interest rates. Global firm UBS says there’s...
May 30, 2018
The Finance Ministry has extended time till June 15 for stakeholders' comments on redrafting of the direct tax law. The panel had, earlier in March, invited stakeholder comments till April 2...
May 29, 2018
The government will place before Monsoon Session of Parliament several amendements related to goods and services tax (GST), PTI reported a senior official as saying. "There are several...
May 29, 2018
GST to be levied during final clearance of warehouse goods Imported goods kept in bonded warehouses and later cleared from there will not face double taxation under GST. In a circular,...
May 28, 2018
The income tax (I-T) department has removed chartered accountants (CAs) from the list of authorised professionals to value shares of closely-held companies, says a Business Standard report. ...
May 28, 2018
India may hike duties by up to 100 per cent on 20 products imported from the US. These include products such as almonds, apple and certain motorcycles imported from the US. India told the WTO that...
May 21, 2018
With an aim to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit guarantee up to Rs 50,000 crore for 2018-19...
May 14, 2018
The banks have asked the Ministry of Corporate Affairs to include bidding under the ‘Swiss Challenge Method’ in the insolvency code. The move is aimed at curbing litigious bidders from...
May 11, 2018
In order to enhance governance and provide greater transparency, the market regulator Securities and Exchange Board of India (Sebi) has notified changes in the governance norms for listed companies...
May 11, 2018
Notwithstanding RBI deputy governor Viral Acharya's suggestion for a rate hike, the finance ministry does not find any scope for upward movement of interest rates. “My sense is that interest...
May 04, 2018
The Department of Telecom has unveiled the draft of National Digital Communications Policy – 2018. A 22-page document has been put before public domian to seek their comments. The...
May 02, 2018
The GST Council has fixed a target of goods and services tax collections worth Rs 12 trillion for the current financial year. The Council is happy with indirect tax collection figures in the...
May 01, 2018
The GST Council will meet on May 4 via video conferencing to chalk out simpler GST return form and also other amendments required in the indirect tax regime rules, said a PTI report. Chaired...
Apr 26, 2018
Draft rules specifying situations where the recently imposed capital gains tax would apply even though no securities transactions tax (STT) has been paid is in the public domain for comments from...
Apr 25, 2018
The Government of India might promulgate an ordinance to bring changes to the Insolvency and Bankruptcy Code (IBC). The move is aimed at providing relief to small businesses and homebuyers...
Apr 24, 2018
IMF chief Christine Lagarde on Thursday said she does not expect the economic reforms being carried out with a pace in India, with parliamentary election due next year. She, however,...
Apr 20, 2018
The RBI has refused to buckle under pressure from bankers and bureaucrats who are demanding dilution of the new debt resolution norms. RBI Deputy Governor N S Vishwanathan tore to shreds the issues...
Apr 19, 2018
A BofA Merrill Lynch Global Research report says that the Reserve Bank may recoup forex reserves despite India being put on currency manipulator watch list by the US. According to the report, RBI...
Apr 19, 2018
Now, taxpayers will need to file only one GST return per month. The Group of Ministers (GoM) headed by Bihar Deputy Chief Minister Sushil Modi on Tuesday worked out a new ‘fusion’ model for...
Apr 18, 2018
Now field officers will have to abide by standard procedure for interception of goods movement, and also their confiscation. The directions were issued on Friday, 13 days post the e-way...
Apr 16, 2018