Finance news

FM defends Demonitisation & explains its Impact

Demonitisation compelled holders of cash to deposit the same in the banks. The enormity of cash deposited and identified with the owner resulted in suspected 17.42 lakh account holders from whom the response has been received online through non-invasive method. ...

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Posted Under: Finance |

Procedure to apply for MSME loans up to Rs 1 crore in 59 minutes

Government has provided an opportunity to MSMEs to apply for loan upto Rs 1 crore, which will be processed quickly and without collateral security...

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Posted Under: Finance |

MSME loans up to Rs. 1 crore – All you want to know

Release ID: 1547245 (25/09/2018)

1. What is the minimum and maximum loan amount one can borrow through the portal? An MSME can avail business loan from Rs 1 Lakh to Rs 1 Crore through www.psbloansin59minutes.com. 2. What if I do not file/have GST Return/Income Tax Return/Banking Details? We are sorry, you will not be able to complete the borrower journey on www.psbloansi...

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Posted Under: Finance |

Govt takes Action taken to preserve value & assets of IL& FS

Firm and Decisive Government Action taken to preserve value and assets of IL& FS Government stands fully committed to ensure much needed liquidity arranged for the IL& FS from the financial system so that no more defaults take place and the infrastructure projects  implemented smoothly IL&FS, incorporated in 1987, is a large ...

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Posted Under: Finance |

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 |

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