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Finance : The focus is on converting savings into investments rather than leaving them idle. The key takeaway is that disciplined investing ...
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 : 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...
Fifty four public sector companies, including Air India, Eastern Coalfields, Bharat Coking Coal Limited and Scooters India, have posted a combined loss of Rs 14,424 crore in 2008-09, Parliament was informed today. Among these, Air India (formerly National Aviation Company of India Ltd) incurred a loss of Rs 5,548.26 crore in 2008-09, followed by Eastern Coalfields, whose loss was at Rs 2,109.09 crore during the period, Minister of State for Heavy Industries and Public Enterprises A Sai Prathap told Rajya Sabha in a written reply.
Government has decided to provide equity support to public sector banks (PSBs) to enable to maintain Tier I CRAR at 8% and also to those PSBs where Government of India’s holding is less than 58% to raise Government of India holding in these PSBs to 58%. Modalities in this regard are being worked out. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today.
When the Securities and Exchange Commission brought charges against former Goldman Sachs director Rajat Gupta in an administrative proceeding — rather than in federal court — it signaled a possible new front in the SEC’s pursuit of insider-trading cases. The SEC typically sues insider-trading defendants in federal court; Gupta will instead be defending himself in a court that is an arm of the agency that is suing him, in a proceeding overseen by an administrative law judge who works for the agency.
The Delhi High Court Monday directed the Comptroller and Auditor General (CAG) to submit its audit report on 25 elite private schools that had complained of facing a financial burden because of having to pay teachers higher salaries recommended by the 6th Pay Commission. Justcice A.K. Sikri and Justice Siddharth Mridul said: ‘CAG will have to submit its audit report by March 18. The Delhi government grievance department should also give us the details of complaint they have received from parents regarding fee hike issue in a year or two.
The government proposes to complete the exercise for passage of general budget for 2011-12 in Parliament by March 24, Parliamentary Affairs Minister Pawan Kumar Bansal said today. Finance Minister Pranab Mukherjee will initiate the discussion on the budget in the Lok Sabha tomorrow and will reply on the debate on Thursday, Bansal told reporters here.
Recovering from the global slowdown, the Indian Economy is geared up to achieve the GDP growth rate of 9 percent for 2011-12 on the basis of positive momentum in savings, investment rate and increasing investment in infrastructure. However, there is a soaring task in front of the Government to overcome from the crisis of elevated inflation rate on account of higher food, crude oil prices and poor implementation of the policy measures. The Finance Minister would thus need to strike a balancing act in insulating the aam aadmi from the higher inflation and at the same time keep the momentum going for the successful Indian growth story ahead.
After the issuance of Annual Supplement of the Foreign Trade Policy 2009-14, the Government maintained a close watch on the exports, especially of those sectors, which were badly hit by recession in the developed world. The Government observed that while the exports have generally shown a rising trend during last few months, certain sectors were still not performing well. To enhance competitiveness for products which are labour/ technology intensive, the Government has announced further export incentives to more than 600 products. Certain procedural simplifications have been announced to help trade facilitation and reduction of transaction costs. Special initiatives for pharmaceutical sector were also announced.
The CBI today searched the residence of suspended Prasar Bharti CEO Mr BS Lalli after registering a case against him and others for alleged irregularities in the award of broadcasting rights of Commonwealth Games that reportedly resulted in a loss of Rs 135 crore to the exchequer. The case was filed against Mr Lalli, director of Zoom Communications Mr Wasim Dehlvi and others under relevant provisions of the Prevention of Corruption Act and Indian Penal Code late last night, official sources said.
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein has agreed to testify for the US government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, according to a media report.
Telecom Minister Kapil Sibal is likely to meet industry players on Tuesday in order to reach a consensus on issues, including licencing, spectrum allocation, spectrum sharing and mergers and acquisition.
