Finance news

India’s ‘External Debt: A Status Report 2016-17

Ministry of Finance releases India’s ‘External Debt: A Status Report 2016-17’;India’s External Debt stock stood at US$ 471.9 billion at end-March 2017, decreasing by US$ 13.1 billion (2.7 per cent) over the level at end-March 2016. ...

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Digital inclusion is the foundation of financial inclusion

Digital inclusion is the foundation of financial inclusion. We have certain fundamental approach for commitment as far as digital platform is concerned. The first and foremost is, we want to become the leaders in the field digital revolution in the world. Second important attribute of our initiative is, we simply don’t want to digitize ...

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New Paradigms in Financial Inclusion for New India Jan Dhan – Banking the Unbanked

Ever thought of a life without access to basic banking services? For a certain section of people, it is difficult to imagine a life without these facilities. But, Census 2011 presented a different picture when the purview is expanded. Out of 24.66 Crore households, only 14.48 Crore households were availing banking services. In rural areas...

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Highlights of Reforms Measures in Economic Survey 2016-17 Volume-2

Managing and reducing the various risks in agriculture activities can make the sector resilient, increase profitability and can ensure stable income flows to the farmers. The following reforms are suggested for increasing productivity in agriculture and allied sector:...

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Highlights of the Economic Survey 2016-17 Volume-2

The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary/pension revenue expenditure. This combination allowed the Government to contain the fiscal deficit to 3.5 per cent of GDP in 2016-17....

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SBI Charges for use of Debit card beyond number of free transactions

Imposition of charges on frequent banking State Bank of India (SBI) has informed that the charges are levied by them beyond number of free transactions are as under:- Monthly Average Balance in Savings Bank Monthly Limit on Number of free Debit transactions Branch SBI ATMs Other Bank ATMs 6 Metros Other Centers <Rs.1000 2 5 […]...

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MSME Certification Course on Wealth Creation by Value Investing

INVITATION TO JOIN CERTIFICATION COURSE ON Wealth Creation by Value Investing by Ministry of MSME, Govt. of India. Value investing is a structured stock selection method to create incredible amount of wealth. In spite of so many divergent methods of wealth creation, value investing fundamentals have remained the same for decades to produ...

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ICICI Bank slashes home loan rates by upto 30 basis points

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced reduction of interest rates by upto 30 basis points for home loans upto Rs 30 lakh in its bid to boost affordable housing in the country. With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. Salaried...

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Committee Report on 7th CPC recommendations on Allowances

The Committee on Allowances, constituted by the Ministry of Finance to examine the 7th CPC recommendations on Allowances, submitted its Report to Shri Arun Jaitley, Finance Minister on 27.04.2017 ...

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PEs/VCs backed firms to offer exit options to promoter funds, via IPO, M&As: ASSOCHAM-Deloitte

Many private – equity and venture capital backed companies are expected to tap into the capital market this year, even as mergers and acquisitions (M&As) have emerged as another favourable exit route for the PEs and VCs in India, according to an ASSOCHAM-Deloitte Study....

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