Finance - general

RBI wants all payment system data to be stored within the country

RBI wants all payment system data to be stored within the country

27 Jun 2019

While there is no bar on processing of payment transactions outside India, if so desired by the payment system operators (PSOs), RBI said such data should be deleted there and brought back to India within 24 hours

SPV suggested for crowd sourcing of MSME investments

26 Jun 2019

RBI panel recommends handholding of MSMEs

RBI panel recommends handholding of MSMEs

26 Jun 2019

The committee wants the government to make it mandatory for PSUs/government departments to procure the mandated 25 per cent from MSEs through the GeM portal and further develop the portal as a full-fledged market place for MSE sellers

Govt claims success with its banking sector reforms

Govt claims success with its banking sector reforms

26 Jun 2019

Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry

RBI Dy governor Viral Acharya resigns 6 months before term ends

RBI Dy governor Viral Acharya resigns 6 months before term ends

24 Jun 2019

Although Acharya has not announced his plans yet, since the timing of his resignation coincides with the start of academic term in the US, he must probably be returning to academia

Single GST return form from January 2020

24 Jun 2019

Govt debt rises to Rs84,68,086 crore at end-March 2019

24 Jun 2019

Govt debt rises to Rs84,68,086 crore at end-March 2019

24 Jun 2019

RBI panel suggests doubling Mudra loan ceiling for MSMEs to Rs20 lakh

RBI panel suggests doubling Mudra loan ceiling for MSMEs to Rs20 lakh

19 Jun 2019

The revised loan limits would be applicable to more units once the government approves the proposal for a turnover-based criteria that has been set at Rs5 crore for micro units, up to Rs75 crore for small units and up to Rs250 crore for medium enterprises

Govt compulsorily retires 15 senior tax officials from CBIC

18 Jun 2019

Japan offers Rs13,000-cr funding for projects in North East

12 Jun 2019

New GST return system to be introduced in phases

12 Jun 2019

Anil Ambani claims his group paid Rs35,000 cr to lenders in 14 months

Anil Ambani claims his group paid Rs35,000 cr to lenders in 14 months

11 Jun 2019

Ambani said the repayments were made in the face of heavy odds as regulatory bodies and courts are yet to pass final orders on claims aggregating to over Rs30,000 crore that are due for more than 5-10 years to various group companies

Bitcoin may soon land one in jail if government enacts law to ban cryptocurrency

10 Jun 2019

RBI removes charges on RTGS/NEFT transactions in digital push

RBI removes charges on RTGS/NEFT transactions in digital push

07 Jun 2019

While the charges for NEFT are in the range of Re1 to Rs5, and that for RTGS are between Rs5 and Rs50, the move is expected to attract more participants

RBI panel suggests deepening the digital payments ecosystem

RBI panel suggests deepening the digital payments ecosystem

04 Jun 2019

The committee, headed by Nandan Nilekani, has suggested that the government take the lead in digitisation of payments besides an increased focus on low value high volume low-cost transactions to achieve a ten-fold increase in digital payment volumes

GST revenue collection for May up 6.67% at Rs1,00,289 cr

03 Jun 2019

GSTN unveils draft of new GST return form

23 May 2019

British Steel falls into liquidation after failing to secure funding

British Steel falls into liquidation after failing to secure funding

22 May 2019

British Steel has already secured government loan of around 120 million pounds ($154 million) and the only option for the government is to take over the business

RBI to create specialised supervisory department

RBI to create specialised supervisory department

22 May 2019

The merger of its supervisory departments to form a specialised cadre is aimed at strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies

Automatic refund of GST for eligible exporters likely from June

14 May 2019

IDFC First Bank reports Rs218-cr Q4 net loss

13 May 2019

Income support schemes, farm loan waivers will cause fiscal slippages: RBI

09 May 2019

Finance panel, bankers discuss credit rating of states

Finance panel, bankers discuss credit rating of states

09 May 2019

In the context of horizontal devolution of union taxes among states, bankers said, fiscal discipline, transparency, governance improvements and revenue raising efforts should be factored in appropriately for credit rating of states

Centre announces further Rs1,000-cr assistance to cyclone-ravaged Odisha

06 May 2019

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