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The Reserve Bank of India (RBI) “is closely monitoring” US monetary policy and its impact on domestic interest rates, Governor Urjit Patel told Parliament’s Public Accounts Committee (PAC) while...
Jan 23, 2017
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Addressing issues related to poverty seems to be one of the top priorities for the Modi government. The Centre is reportedly planning to offer Rs 2 lakh insurance cover for a period of three years...
Jan 20, 2017
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The foreign exchange market represents the most highly traded asset class in global financial markets. Globally, the bulk of the forex transactions happen in the over-the-counter (OTC) market while...
Jan 20, 2017
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The Narendra Modi-led government is keen on getting cashless transaction facilities installed at the fair price shops (FPSs). States have been directed to install various payment gateways within...
Jan 20, 2017
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India’s largest bank, State Bank of India, could retain about 15 per cent to 40 per cent of the deposits that happened after demonetization.    The Government of India, on November 8 last year...
Jan 20, 2017
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With the US jobless claims hitting lowest level in over 40 years, the Federal Reserve chief says it "makes sense" for the central bank to gradually lift interest rates.   "Waiting too long to...
Jan 20, 2017
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The Union Budget 2017-18 is just around the corner. Grant Thornton Advisory, a company focused on professional services network of independent accounting and consulting member firms, is looking...
Jan 19, 2017
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Bengaluru has topped the chart of the world’s 30 most dynamic places in Jones Lang LaSalle (JLL)'s fourth annual City Momentum Index, followed by Ho Chi Minh City of Vietnam and Silicon Valley in...
Jan 19, 2017
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With competition heating up in the home loan market in the aftermath of demonetisation, housing finance companies are likely to face problems in the short term, according to Vishal Rampuria, analyst...
Jan 19, 2017
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In a landmark decision, the Securities and Exchange Board of India (Sebi) on September 28 this year announced that options trading will soon be allowed in the commodity derivatives exchanges. This...
Jan 19, 2017
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There are three important questions of law associated with demonetisation. This article seeks to shed some light on the third question. The demonetisation of  Rs 500 and Rs 1,000 has led to...
Jan 18, 2017
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Here’s some good news for foreign portfolio investors (FPIs) in India. The Central Board of Direct Taxes (CBDT)’s December 21 circular has been put on hold; setting FPIs’ fears at rest over a...
Jan 18, 2017
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Close on the heels of reports that the outflow of $11 billion of foreign portfolio investment (FPI) from India during the third quarter of this financial year was mainly due to the government’s...
Jan 18, 2017
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According to Gemalto’s 2016 Data Breaches and Customer Loyalty report, more than 4.8 billion data records have been exposed since 2013. Identity theft accounted for 64 per cent of all data breaches,...
Jan 18, 2017
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In what marks “a significant headway” for finance minister Arun Jaitley, the Centre and the states were able to break a deadlock over the contentious issue of division of administrative control over...
Jan 17, 2017
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India may pat itself on the back for a solid pool of talent with so many premier institutes in the country, but its bright minds could not help it from slipping 3 places to 92nd rank on the global...
Jan 17, 2017
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With an aim to address poverty in the country, the government is planning to announce an ambitious income transfer scheme in the February 1 budget. As part of the scheme, the government will provide...
Jan 17, 2017
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A Sebi committee has called for increased transparency in the processes that involve appointment and removal of board of directors.   It said that companies should have better systems for...
Jan 16, 2017
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The Government of India is mulling to create norms for tax department with regard to investigation into cash deposits post demonetization. The move is to curb possible harassment of taxpayers...
Jan 16, 2017
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The Government of India, in its Union Budget 2017-18, may propose steps aimed to revive demand and stimulate private investment to boost overall growth.    The steps may include lowering of...
Jan 16, 2017
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New Rs 500 or Rs 2,000 notes have replaced the role of the old Rs 500 or Rs 1,000 notes. Large value notes will not go away. This is a surgical strike against the people who have inventories of the...
Jan 16, 2017
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The deadline for companies and other commercial establishments to get registered with the Employees Provident Fund Organisation (EPFO) has been extended to 31 March 2017. "We are asking those...
Jan 13, 2017
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The Securities and Exchange Board of India (SEBI) is expected to deliberate about the ongoing investigations into possible violations of securities laws in Tata Sons, United Spirits and Ricoh India...
Jan 13, 2017
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For the second successive year, the World Economic Forum (WEF) Global Competitiveness report 2011-2012 ranked South Africa as No.1 out of 142 countries for its regulation of securities exchanges. The...
Jan 13, 2017
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According to the EY-vdonxt report on digital opportunity, the Indian digital sector is on the verge of a major growth phase. Primarily led by OTT and digital advertising, the sector is likely to...
Jan 13, 2017
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Reliance Jio Infocomm is all set to disrupt India’s smartphone market! The company will soon launch in India its low-cost 4G voice over LTE or VoLTE feature phones allowing free calls. According...
Jan 12, 2017
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In line with its goal to make India a ‘less-cash’ economy, the Centre is mulling over coming up with the first of its kind index where states would be ranked on the basis of digital transactions....
Jan 12, 2017
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The Reserve Bank of India (RBI) has suggested the government to consider a uniform rate of withholding tax for overseas borrowings, irrespective of type and currency, as per an ET report. If the...
Jan 12, 2017
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If the rollout of the Goods and Services Tax (GST) happens to be delayed beyond April 1 with important issues still pending to be sorted out, the Centre could increase the service tax rate in the...
Jan 11, 2017
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The State Bank of India has planned to waive merchant discount rate (MDR) charges completely on debit card transactions for a period of one year — till 31 December 2017.   The discount will be...
Jan 11, 2017
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The picture may still not be clear as to what consumers finally choose as their mode of transaction but Amitabh Kant, CEO of Niti (National Institution for Transforming India) Aayog has already...
Jan 11, 2017
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According to global credit rating agency Moody's, asset deterioration is a challenge for Indian banks over the medium-term. The prospect for Indian banks were subdued, shared Moody's Investor's...
Jan 10, 2017
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The government has reportedly in-principle approved Rs 425 crore for the establishment of around 120 digital villages across the country. “The Finance Ministry has in-principle approved the project...
Jan 10, 2017
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Nasdaq comes second after NYSE in market capitalization of listed companies. Short for National Association of Securities Dealers Automated Quotations, the New York-based exchange has introduced the...
Jan 10, 2017
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In a move that puts India on the global capital markets’ map, Prime Minister Narendra Modi inaugurated on Monday the India International Exchange (India INX) located at the Gujarat International...
Jan 10, 2017
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The Government of India had sent a reference to the Reserve Bank of India well ahead of November 8, and had asked it to consider a proposal to invalidate Rs 500 and Rs 1,000 notes.    As per...
Jan 09, 2017
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The Public Accounts Committee (PAC) of Parliament, headed by senior Congress leader K V Thomas and probing the Centre's decision to cancel Rs 500 and Rs 1,000 bank notes, has sent the Reserve Bank of...
Jan 09, 2017
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The New York Stock Exchange (NYSE) is the world’s largest stock exchange by market capitalization. The NYSE leads the power pack and is a critical measure of the clout of the US in the world. Based...
Jan 09, 2017
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The Centre will not delay the the Union Budget date and will present in the Parliament on the earlier scheduled date of February 1.    The government’s argument is that it had publicly flagged...
Jan 09, 2017
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India is now over two months into its unexpected demonetization initiative which witnessed the deposit of over Rs 3 lakh crore into more than 2 crore new bank accounts, as per the latest data from...
Jan 09, 2017
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The Banks Board Bureau is working on a fairly attractive compensation package including elements of bonus, employee stock ownership plans (ESOPs), non-monetary perks and others at all management...
Jan 06, 2017
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With demonetization, the business optimism in India has seen a new high. As per the latest Grant Thornton International Business Report (IBR) survey, Indian businesses are most optimistic about...
Jan 06, 2017
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The Government of India has said it will refund as much as 90 per cent of duty claims just within a week under the new goods and services tax (GST) regime. The move is set to give a major relief to...
Jan 06, 2017
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The demonetization of high value currency notes has taken its toll on bank credits too. The commercial banks’ loan book contracted by 2.3 per cent in the third quarter between October 01 and...
Jan 05, 2017
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The Expenditure Finance Commission (EFC) under the Union Ministry of Finance has approved 29 proposals of ministries involving expenditure of about Rs 2.11 lakh crore during the last year.    “...
Jan 05, 2017
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Euronext is the first cross-border exchange in Europe formed by merging the exchanges of Belgium, France, the Netherlands, Portugal and the UK. It operates four national regulated securities and...
Jan 05, 2017
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The government seems to be making every effort to get the wheels of the economy moving after Prime Minister Narendra Modi announced the note ban on 8 November 2016. Both the government and the...
Jan 05, 2017
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The two-day GST Council meeting, held on January 3-4, failed to reach consensus on the issue of dual control of Goods and Services tax (GST).    The other major contention between the Centre...
Jan 04, 2017
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The unexpected victory of Donald Trump has plunged the US in uncertainty. What are its implications on the global economy and businesses around the world? Insights by M K Venu, Founding Editor, The...
Jan 04, 2017
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The stock exchanges are considered barometer of a country’s economy. At both national and international levels, these bourses represent conditions of their economies. India’s two such exchanges are...
Jan 04, 2017
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