State Bank of India (SBI) has revised the interest rates on term deposits with maturities ranging from 15 days to 10 years upwards. These revised rates will be effective from tomorrow, that is December 7. The hike will be in the range of 50-150 basis points across various maturities. Deposits with a maturity of 46-90 […]
ASIC has accepted an enforceable undertaking (EU) from KPMG Sydney auditor Mr Christopher Neville Whittingham. The EU follows an investigation into Mr Whittingham’s conduct in relation to his audit of the financial report of Allco Financial Group Lim
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Introduction of a Goods and Services Tax (GST) could be delayed further with the Centre and the states failing to reach common ground at the meeting of the Empowered Committee of state finance ministers today. The meeting was attended by only eight state finance ministers. Finance ministers of the Bhartiya Janata Party (BJP)-ruled states were not present. The issue of a constitutional amendment was not discussed and there was no headway on the GST structure.
Concerned about the fast pace of regulatory changes being brought into the sector, the life insurance industry has approached sector regulator IRDA to go slow in its approach, sources said.In turn, the Insurance Regulatory and Development Authority.
Market regulator Sebi today directed mutual funds to disclose whether money collected for gold- focused schemes was actually invested in the precious metal. “It has been decided that physical verification of gold underlying the Gold ETF units shall be carried out by statutory auditors of mutual fund schemes and reports (given) to trustees in half-yearly basis,” the Securities and Exchanges Board of India (SEBI) said in a circular.
Five months after taking charge as head of the Pension Fund Regulatory and Development Authority (PFRDA), Yogesh Agarwal has decided to take measures to ‘fix’ problems plaguing the New Pension Scheme (NPS), which has failed to attract voluntary subsc
The government may defer further investment of employees provident fund money in LIC Housing Finance till investigations into the multicrore bribes-for- loan scam involving the company are complete.
Facebook on Friday recruited one of its addicts from India. The website, which recently logged its 500 millionth active citizen, made an offer of about Rs 70 lakh for a posting in the United States, which has created a buzz on all IIT campuses where
Finance Minister Pranab Mukherjee today said the government will try to plug tax leakages through the proposed Direct Taxes Code (DTC) which will make the taxation regime transparent and predictable.
