Finance news

Recapitalisation of Public Sector Banks

Government announced Indradhanush plan for revamping Public Sector Banks (PSBs) in August 2015. The plan envisaged, inter alia, infusion of capital in PSBs by the Government to the tune of Rs. 70,000 crore over a period of four financial years. Government has recently announced decision to further recapitalise PSBs to the tune of Rs. 2,11...

Read More
Posted Under: Finance |

FRDI Bill, 2017 seeks to protect & enhance depositors’ existing rights

Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 seeks to protect and enhance the depositors’ existing rights and bring in a comprehensive and efficient resolution regime for financial firms. Rationale for the Financial Resolution and Deposit Insurance Bill, 2017 JOIN Post Budget Joint Online GST Certification Course by TaxG...

Read More
Posted Under: Finance |

MDR charges on transactions of value less than Rs. 2000 to be subsidised

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ Aadhaar enabled Payment System (AePS) transactions upto and including a value of Rs. 2000 will be borne by the Government for a period of two years with effect from 1st January, 2018 by r...

Read More
Posted Under: Finance |

FRDI Bill do not modify present protections given to depositors

Certain misgivings have been expressed in the media regarding bail-in provisions of the FRDI Bill. The provisions contained in the FRDI Bill, as introduced in the Parliament, do not modify present protections to the depositors adversely at all. They provide rather additional protections to the depositors in a more transparent manner....

Read More
Posted Under: Finance |

FM Ask DRI officers to keep pace with technology

FM: Ask the officers of the Directorate of Revenue Intelligence (DRI) to keep pace with technology and use the latest technological tools such as data analytics in fighting the menace of smuggling of sensitive contraband items such as gold and narcotics among others....

Read More
Posted Under: Finance |

No Proposal Under Consideration to Withdraw Bank Chequebook Facility

In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal under consideration of the Government to withdraw bank cheque book facility. In […]...

Read More
Posted Under: Finance |

Cabinet approves setting up of 15th Finance Commission

Cabinet approves setting up of the 15th Finance Commission. The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the setting up of the 15th Finance Commission. Under Article 280 (1) of the Constitution,it is a Constitutional obligation....

Read More
Posted Under: Finance |

Moody’s upgrade Sovereign Credit Rating of India to Baa2 from Baa3

Moody’s Investors Service (“Moody’s”) has upgraded the Government of India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. India’s rating has been upgraded after a period of 13 years. India’s sovereign credit rating was last upgr...

Read More
Posted Under: Finance |

GOI launches BHARAT-22 Exchange Traded Fund (ETF)

The Government of India launched today the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs. 8,000 Crore; This New Fund Offer is open till November 17, 2017 The Fund is expected to benefit long term and retail investors by providing an opportunity of participation in [&he...

Read More
Posted Under: Finance |

ICICI Bank launches ‘Cashback’ home loans

Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, which offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. A unique offering in the industry, it is available for home loans with a minimum tenure of 15 […]...

Read More
Posted Under: Finance |
Page 1 of 21212345...102030...Last »

Browse All Categories

CA, CS, CMA (3,566)
Company Law (3,556)
Custom Duty (6,730)
DGFT (3,532)
Excise Duty (4,059)
Fema / RBI (3,324)
Finance (3,547)
Income Tax (25,802)
SEBI (2,778)
Service Tax (3,296)