The President on Thursday gave his assent to the amendments related to financial securities proposed in the Indian Stamp Act, 1899, clearing the way for states to collect stamp duty on securities...
Feb 22, 2019
The Union Cabinet on Tuesday approved the National Electronics Policy, media reports. The policy targets domestic production of electronics goods to the tune of $400 billion by 2025 against the...
Feb 20, 2019
The Reserve Bank of India (RBI) has eased the external commercial borrowing norms to allow bidders under the Insolvency and Bankruptcy Code (IBC) to raise funds abroad to pay the debtor back home...
Feb 08, 2019
Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement for 2018-19, slashed repo rate by 25 basis points. The unexpected rate cut move left market experts and financial...
Feb 08, 2019
The Reserve Bank of India has cut the repo rate by 25 basis points in its sixth bi-monthly monetary policy statement for 2018-19. The Reserve Bank of India, led by Governor Shaktikanta Das,...
Feb 07, 2019
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for abolition of institution of income-tax ombudsman and indirect tax ombudsman. The Institution of...
Feb 07, 2019
A better enforcement of FDI policy in the e-commerce sector will contribute significantly to growth of this sector over medium and long term, Minister of State for Commerce and Industry C R...
Feb 05, 2019
Emboldened by the Supreme Court's decision, the Government of India has asked lenders and resolution professionals (RPs) to close nine of the twelve high-value insolvency cases, with special focus...
Jan 29, 2019
The industrialists on Thursday appealed to the Reserve Bank of India (RBI) to slash the repo rate and cash reserve ratio (CRR) by 50 basis points (bps) each. They said these measures will...
Jan 18, 2019
The Reserve Bank of India (RBI) on Wednesday announced a new external commercial borrowings (ECBs). The new policy allows all eligible entities to raise foreign funding under the automatic...
Jan 17, 2019
The Reserve Bank of India on Tuesday said it would inject Rs 10,000 crore into the system through purchase of government securities. The move in aimed to increase liquidity into the system, it said...
Jan 16, 2019
The Finance Ministry has asked the government-run banks to cut down the government’s equity to 52 per cent, a top official was quoted as saying by PTI. The move is aimed to incorporate best...
Jan 14, 2019
In a big relief to small businesses, the Goods and Services Tax (GST) Council has doubled the exemption limit for registration of units with an annual turnover of up to Rs 40 lakh. Earlier,...
Jan 11, 2019
The finance ministry is out to rein in recalcitrant businesses. Non-compliant businesses who fail to file returns regularly, will be barred from e-way bill generation while transporting consignment...
Jan 08, 2019
Public sector banks (PSBs) are in the process of closing or rationalising about 69 overseas operations in the next few months as part of their capital conservation exercise, says a report by PTI...
Jan 07, 2019
Several companies have been on the bidding spree for stressed assets, which has resulted in delays in the resolution. and that has not gone well with banks. This has not gone well with banks....
Dec 28, 2018
Demonetisation seems to have brought a noticeable shift in deposit behaviour among countrymen. As reported by Businesssline, a study by the Reserve Bank of India (RBI) said households shifted...
Dec 17, 2018
In its latest forecast, Fitch Ratings, a global ratings agency, has lowered India’s GDP growth forecast to 7.2 per cent for fiscal 2018-19. In its previous forecast in June, the agency had...
Dec 07, 2018
The Pradhan Mantri Awas Yojana - Urban (PMAY-U), being implemented by the Ministry of Housing and Urban Affairs under the mission ‘Housing for All by 2022’ since June 2015, needs a concerted push...
Dec 06, 2018
In its fifth bi-monthly monetary policy review, the Reserve Bank of India (RBI) has kept its policy rates unchanged and cut its inflation forecast for the rest of the financial year, citing a sharp...
Dec 06, 2018
The RBI will provide another set of cash in December by infusing ₹40,000 crore into the system through open market operations (OMOs). “Based on an assessment of the durable liquidity needs...
Nov 28, 2018
Starting 1 April 2019, large companies will have to raise 25 per cent of their incremental borrowings through the corporate bonds market, said Sebi in a circular on Monday. For those who...
Nov 27, 2018
Singaporean lender DBS sees the Reserve Bank holding the rates for the remaining part of the fiscal year ending March 2019, according to a report the Financial Express. DBS also predicts that the...
Nov 26, 2018
There is likelihood of four-slab GST rate structure to be reduced to three, said the Prime Minister's Economic Advisory Council (PMEAC) chairman Bibek Debroy. He said while launching a book "...
Oct 29, 2018
The government is mulling altering various sections of the Companies Act in a bid to simplify the law that came into force in 2013, according to media reports. The reports said the ministry of...
Oct 24, 2018
The Insolvency Law Committee (ILC) submitted its second report to the government on Monday, which deals with cross border insolvency. The committee was constituted by the Ministry of Corporate...
Oct 23, 2018
The Indian cargo industry needs to grow at a rate of about 12.9 per cent every year from 2018 to 2027 to achieve National Civil Aviation Policy (NCAP 2016) vision of reaching cargo volumes of 10...
Oct 22, 2018
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