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Finance : This guide explains why senior travellers should review travel insurance coverage, organise medical records, and plan ahead before...
Finance : The article explains how local Indian phone numbers enhance credibility and accessibility for international businesses. It highlig...
Finance : The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. I...
Finance : The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that ba...
Finance : mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, ...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples ...
Finance : The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or compa...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Finance : The Supreme Court held that insolvency proceedings under the IBC cannot be invoked merely to recover disputed dues arising from co...
Finance : The issue was whether indemnity obligations arise only after final appellate confirmation. The Supreme Court held that liability a...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
The Supreme Court on Tuesday said there seems to be a violation of several laws and the forging of documents in the 2G spectrum scam. The apex court bench of Justice GS Singhvi and Justice AK Ganguly made the observation after it was given a status report by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) on their investigation into the scam.
Foreign transactions in connection with the 2G scam have been traced to at least six countries, including Mauritius and Virgin Islands, and hawala route was also used, the Enforcement Directorate today told the Supreme Court.Presenting its status report before a bench of justices G S Singhvi and A K Ganguly in a sealed envelope, the agency also said that it had found that a person had paid Rs 100 crore for liaisoning.
Endemic corruption in India has grown in scale and represents billions of dollars, with the potential to discourage investors and derail growth prospects, consultancy firm KMPG said in a survey published on Monday.
A court here today granted bail to all the six accused retired judges in the Rs. 6.58-crore Provident Fund scam. CBI Special Judge A K Singh granted bail to the accused on the basis of undertakings and personal bonds of Rs. 1 lakh each. The hearing went on for five hours in a closed court room.
Government of India vide notification dated December 16, 2010 has recognized the letter issued by the Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar Number as an “officially valid document” to satisfy the ‘Know Your Customer’ (KYC) norms for opening small accounts in banks. This is expected to promote the financial inclusion of the poor and the hitherto excluded by making it possible for them to easily establish their identity and open bank accounts. The UIDAI is facilitating opening of bank accounts for the residents at the time of enrolment for Aadhaar through partner banks and acceptance of the letter of UIDAI as a valid KYC will make the process seamless.
Finance minister Pranab Mukherjee on Monday made a case for raising the Tax GDP ratio to a “reasonable level” of 12%-14%, to enhance the government’s capability to fund social sector schemes. “I do believe that Tax GDP ratio, which has come down to 10% plus, must reach 12%, so that the Tax GDP ratio is at reasonable level,” Mukherjee said in his reply to the general budget 2011-12 in the Rajya Sabha.
Cabinet Secretariat has brought to the notice of the CVC that in spite of above clarifications issued by CVC, some Ministries/Departments which receive complaints from CVC for taking appropriate action, instead of taking further necessary action at their level continue to forward the same to the Group of Secretaries of Group of Officers for consideration. Cabinet Secretariat has therefore, desired that instructions be issued by CVC to all the Ministries/Departments in this regard.
Deutsche Bank investment banking chief Anshu Jain earned 12.00 million euros ($16.73 million) in 2010, eclipsing Chief Executive Josef Ackermann’s pay, the lender said on Tuesday. Jain’s total remuneration topped the 8.99 million euros awarded to his boss, reflecting a rebound in business at his division, and also surpasses the 2010 pay of heads of peer German blue chip companies disclosed so far.
There are 15 non-working PSUs in Karnataka, including seven under liquidation, says a CAG report tabled in the State Legislative Assembly as it recommended to the government to consider winding them up. The companies which have taken the route of winding up by Court order are under liquidation process for the last three to seven years.
Financial sector players are likely to re-assess political risks in emerging markets, especially, against the backdrop of rising political turmoil in the Middle East and North Africa, says a report. “In the long term, banks, insurance companies and businesses are likely to re-assess and re-price political risk in emerging markets,” the Dun & Bradstreet report said.
