Mumbai, (IANS) : The key Indian indices closed at record high levels on Monday on the back of healthy macro-economic data, inflow of foreign funds, and healthy buying in capital goods and banking stocks. The first trade session of the new financial year 2017-18 also...
Roorkee, (IANS) : Financial literacy and awareness about digital transactions is paramount in rural India to make the cashless economy a reality, executives of mobile wallet-provider services said here at a panel discussion. In the on-going three-day tech festival at...
Singapore, (IANS) : Global rating agency Moody's Investors Service on Tuesday said that as a fall-out of demonetisation, the Non-Banking Financial Companies (NBFCs) will come under pressure for the next six months. "NBFCs in India will demonstrate broadly stable asset...
New Delhi, (IANS) : Finance Minister Arun Jaitley met with Reserve Bank of India (RBI) Governor Urjit Patel and other senior officials here on Friday to discuss the issue of banks' non-performing assets (NPAs) or bad loans, sources said. "Lot of options were discussed...
New Delhi, (IANS) : The CAG has pulled up the Delhi government for its over-budgeted estimates in 2015-16 and disproportionately higher expenditure in the last quarter of the year, calling it "a breach of financial propriety". The Comptroller and Auditor General (CAG)...
Mumbai, (IANS) : The limits on savings bank cash withdrawals post-demonetisation are to be withdrawn in two stages, the Reserve Bank of India announced on Wednesday, with the limit slated to go up to Rs,50,000 per account from February 20 and to cease from March 13....
New Delhi, (IANS) : Finance Minister Arun Jaitley on Tuesday moved the Specified Bank Notes (Cessation of Liabilities) Bill for passage in the Lok Sabha to formally make the banning of Rs 500 and Rs 1,000 notes a law, which includes provision of penalty for holding...
By Syed Zahid Ahmad, Founder – Economic Initiatives Though India is doing better in financial inclusion, still much more is expected from the Government and bankers side. Considering the specific needs of the financially excluded section of Indian economy, Micro...
New Delhi, (IANS) : With the government's emphasis on a less-cash economy, stakeholders in the country's digital space have sought incentives in the upcoming Union Budget on February 1. The incentives would help to promote e-commerce -- an essential component of...
New Delhi, (IANS) : In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25 per cent in the upcoming Union Budget from the current 30 per cent. "In its pre-budget...