The Reserve Bank of India (RBI) has introduced stricter Know Your Customer (KYC) norms for wallet users. The wallet users have been asked to comply with the full KYC format by the end of this...
Oct 12, 2017
India has plans to woo foreign investors to $300 billion worth of investment opportunities in energy projects over the next decade, Oil Minister Dharmendra Pradhan said on Tuesday. India, which...
Oct 11, 2017
The credit rating agency SMERA has welcomed the relief measures announced by the GST Council on October 6. The announcements will go a long way in providing relief to a large number of micro small...
Oct 11, 2017
The Government of India is working on to overhaul its half-century-old direct tax laws. The bill seeks to increase the share of direct tax collections from the lowest in a decade. It...
Oct 10, 2017
Revenue Secretary Hasmukh Adhia has said the Government of India will clear pending GST refunds of exporters by end of next month. As per him, the GST Council has decided to revert to the pre...
Oct 09, 2017
The six-member monetary policy committee (MPC) has kept repo rate unchanged at 6 per cent. At its previous meeting in August, the RBI had lowered the repo rate by 25 basis points to a seven-...
Oct 04, 2017
There is a possibility of a further rise in retail inflation, which may stop the Reserve Bank of India (RBI) from slashing the policy repo rate in the upcoming monetary policy review, said a rating...
Sep 29, 2017
In a bid to improve corporate governance standards, the Ministry of Corporate Affairs has disqualified another two lakh directors, who were helming positions in the defaulting companies. ...
Sep 25, 2017
The Securities and Exchange Board of India (Sebi) on Thursday gave its go ahead for the integration of stock and commodity brokers. The move will aimed to enable doing businesses in the...
Sep 22, 2017
The Prime Minister’s Office (PMO) has asked income tax department to begin action against all black money deposited in banks during the demonetisation period. I-T department was given...
Sep 06, 2017
Former RBI governor Raghuram Rajan says he had warned the government of demonetisation move. As per him, there were other better ways to achieve the objective. Rajan, who helmed the...
Sep 05, 2017
The Income Tax department will work towards broadening of tax base and maximising e-assessment to cut down on human interface, an official statement said. The effort by CBDT will also be to...
Sep 05, 2017
The GST Council would look into the issue of lowering tax structure on government projects, Union Finance Minister Arun Jaitley told K C Rao, the Telangana chief minister. Rao received...
Sep 04, 2017
The Government of India has provided exemptions from scrutiny to the consolidation exercise of public sector banks. The scrutiny exemption by the competent authority encompasses all cases of...
Aug 31, 2017
The Union Cabinet on Wednesday gives its go ahead to the promulgation of an ordinance to increase cess on cars under the new GST regime. The mid-sized, large cars and luxury cars have become...
Aug 31, 2017
The Ministry of Commerce & Industry ministry is working on to frame a new industrial policy, and has floated papers to get the views of stakeholders in this regard. The aim of the new...
Aug 30, 2017
The Government of India is unlikely to change April-March financial year to January-December. Instead, it is mulling if the presentation date of Budget could advanced further by a fortnight...
Aug 29, 2017
The Securities and Exchange Board of India (Sebi) mulls bringing in rules to help merge mutual fund schemes in the same investment categories. In simple terms, if a mutual fund has two large-...
Aug 28, 2017
The Reserve Bank of India has announced that it will introduce bank notes in denomination of Rs 200 from Friday. These notes will be available at selected RBI offices and banks, said the...
Aug 25, 2017
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given in-principle approval for public sector banks to amalgamate through an alternative mechanism (AM). The decision...
Aug 24, 2017
Reserve Bank of India (RBI) will introduce Rs 200 currency note starting September. The central bank is issuing this note for the first time in history, which is aimed to tackle the illegal...
Aug 23, 2017
The valuations of VNR Infrastructures and Innoventive Industries have come out to just about 10 per cent of the total loan amounts. This has raised questions if Reserve Bank of India's 50 per...
Aug 23, 2017
The Government of India has approved a scheme to refund central goods and services tax ( CGST) to industrial units in Himachal Pradesh, Uttarakhand, Jammu & Kashmir and the North-East till 2027...
Aug 17, 2017
Investing in mutual funds made easy! If you wish to invest in mutual funds, you don't need to open laptop/computer or visit any mutual fund branch to do the formalities. Now, you can do it via...
Aug 16, 2017
The NDA government led by Prime Minister Narendra Modi may shun any major reform in the remainder of its term, and vie to make public achievements of his government in order to emerge more people-...
Aug 14, 2017
Credit rating agency ICRA is of the view that the Monetary Policy Committee (MPC) would reduce the repo rate by 25 basis points (bps) at its upcoming policy review in August 2017. ICRA also...
Jul 26, 2017
The government is planning to create a new agency, National Financial Reporting Authority (NFRA), to look into the regulatory affairs of the chartered accountants (CAs). Institute of...
Jul 24, 2017
The Union ministers will be visiting major cities and state capitals over the next one week to explain people, traders and businessmen the finer points Goods and Services Tax (GST). Beginning...
Jul 07, 2017
India's economic growth outlook has improved as the impact of demonetisation seems to be fading and recent key structural reforms continue to pay off, International Monetary Fund (IMF) said in its...
Jul 06, 2017
Bankers are meeting from Monday to decide on the possible course of action against six of the 12 defaulters for immediate referral to National Company Law Tribunal (NCLT). The Reserve Bank...
Jun 19, 2017
The US Federal Reserve on Wednesday raised interest rates by 25 basis points (bps) to a range of 1 to 1.25 per cent. The hike is the second in three months and the third in six months...
Jun 15, 2017
Taking cognizance of recent boardroom battles, Security and Exchange Board of India (Sebi) has proposed to tighten the regulatory framework for corporate governance, which includes the appointment...
Jun 14, 2017
With the government pushing for paperless travels, air passengers may soon require to share their unique identity details during ticket bookings. Currently, air passengers are required to...
Jun 09, 2017
The Ministry of Finance said it has gradually abolished various cesses on goods and services in last three Budgets, in order to prepare the ground for smooth rollout of Goods and Service Tax (GST)...
Jun 08, 2017
Niti Aayog has suggested the establishment of Railway Safety Authority – an independent body with statutory power to develop better safety provisions for the railways. The national...
Jun 05, 2017
Banks in India are saddled with the mounting bad debt. To ease the burden, they have asked Reserve Bank of India to make amendments to the Scheme for Sustainable Structuring of Stressed Assets (S4A...
Jun 01, 2017
The Government of India has not ruled out rationalisation of tax rates of various items under the GST regime. “One thing we would agree is that there is a scope for rationalisation of tax...
May 31, 2017
The Government of India, last week, abolished the Foreign Investment Promotion Board (FIPB). In the Budget proposal of 2017-18, Finance Ministry Arun Jaitley had announced about the...
May 29, 2017
The Cabinet has approved a public procurement policy to promote domestic production of goods and services in line with the government’s ‘Make in India’ initiative. According to an ET report, the...
May 25, 2017
The Insolvency and Bankruptcy Board of India (IBBI) is working on a mechanism to cut short the time for insolvency resolution of smaller companies. “We had put out a discussion paper to...
May 12, 2017
The government is said to be working out a new industrial policy for the North Eastern region, which is likely to incentivise select sectors such as agro processing, horticulture, floriculture and...
May 12, 2017
The Centre and the states are likely to fix 4 per cent tax rate on gold and silver. While southern states are in favour of a 6 per cent levy for gold and silver, some of the western states...
May 12, 2017
Banks will no longer have to wait for an account to be formally categorized as non-performing to start loan recovery, as per the latest amendments in the banking rules. According to Reserve Bank of...
May 11, 2017
There is a need to establish a centralized repository for cybersecurity standards, best practices and guidelines, which can be used by law enforcement agency for preventing and investigating...
May 08, 2017
The country's capital market regulator, Sebi, has allowed investors to purchase mutual funds worth up to Rs 50,000 through digital wallets. "Investments up to Rs 50,000 per mutual fund per...
Apr 28, 2017
With an aim to benefit businesses, middle class and a few high earning individuals (HNIs), Trump administration made its opening bid for what officials called the "biggest cut" in US history...
Apr 27, 2017
The Government of India is considering easing Place of Effective Management (PoEM) rules. The move may provide benefits to Indian multinational companies (MNCs) with overseas subsidiaries...
Apr 27, 2017
Big companies across globe are under increased pressure to compete on the quality of their customer service, and chief financial officers (CFOs) are now ready to invest in creating long term...
Apr 26, 2017
The monetary policy committee (MPC) of Reserve Bank of India (RBI) has suggested up risks to inflation arising from price pressure, excluding food and fuel, as the main reason for keeping its...
Apr 21, 2017