Finance news

Rain Pain: Update on rainfall and projected price & production impact

Extreme weather conditions across the country are likely to have some adverse impact on agriculture production this year. The floods in parts of Karnataka and Kerala have damaged plantation crops such as spices and rubber....

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Posted Under: Finance |

USD/INR Update: Change in Call

The famous English economist John Maynard Keynes is known have to have retorted to a critic who pointed out that his predictions and policies changed all too often –I change my mind when the facts do. What do you do, sir?...

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Posted Under: Finance |

Arun Jaitely resumes charge of Ministry of Finance & Corporate Affairs 

The Union Minister, Shri Arun Jaitley today resumed the charge of the Ministries of Finance and Corporate Affairs after a gap of more than three months. ...

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Posted Under: Finance |

Piyush Goyal gets interim charge of finance in Cabinet reshuffle

During the period of indisposition of Shri Arun Jaitley, Minister; the portfolios of Minister of Finance and Minister of Corporate Affairs held by him, be temporarily assigned to Shri Piyush Goyal, in addition to his existing portfolios....

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Posted Under: Finance |

All about Budget Session 2018 of Parliament; Concluded on 6th April, 2018

Budget Session 2018 of Parliament concludes The Budget Session, 2018 of Parliament which commenced on Monday, 29th January, 2018 has been adjourned sine die today i.e. Friday, the 6th April, 2018. In between both parts of the session, both Houses also adjourned for recess for a period of 23 days on Friday, the 9th February, […]...

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Posted Under: Finance |

Rate of interest w.e.f. 01.01.2018 to 31.03.2018 on small savings schemes

The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:...

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Posted Under: Finance |

India’s Growth Story Since 1990s Remarkably Stable & Resilient: World Bank

The Indian economy is set to revert to its trend growth rate of 7.5 percent in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a new World Bank report says....

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Posted Under: Finance |

Fugitive Economic Offenders Act, 2018 as introduced in Lok Sabha

THE FUGITIVE ECONOMIC OFFENDERS BILL, 2018 A Bill to provide for measures to deter fugitive economic offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts, to preserve the sanctity of the rule of law in India and for matters connected therewith or incidental thereto....

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Posted Under: Finance |

Govt proposes single act for PPF & Govt small savings schemes

At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens’ Savings Scheme....

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Posted Under: Finance |

Govt to leverage Fin tech to enhance financial inclusion of MSMEs

The Government constitutes a Steering Committee on Fintech related issues to consider various issues relating to development of Fin tech space in India with a view to make Fin tech related regulations more flexible and generate enhanced entrepreneurship in an area where India has distinctive comparative strengths vis-à-vis other emergin...

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Posted Under: Finance |

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