India Blog News - Page 4

Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector

Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.

Revamping agriculture: Govt scores high on intent, patchy on implementation; litmus test will be persuading states to reform

If PM Modi is really serious about doing his bit for agriculture, he and Amit Shah must push BJP governments to execute the needed agriculture reforms.

INX Media case: Delhi HC extends Chidambaram's interim protection till 1 August; CBI seeks more time to file response on anticipatory bail

The Delhi High Court has extended the interim protection to senior Congress leader P Chidambaram till 1 August

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?

Project Sashakt's success hinges on the Modi government's ability to push out a scheme that can generate sufficient investor interest.

Chasing all defaulters may chill economic activity, cautions Nitin Gadkari

Gadkari said in a democracy it is also essential to listen to the Opposition and take everybody's views on board for the better benefit of all the people,

Manappuram Finance to acquire 85% stake in ISFC for Rs 212 cr; acquisition to be a key growth driver for co

ISFC, which lends to educational institutions, including private schools, vocational colleges, and institutes, coaching centres to build infrastructure, had assets under Management (AUM) of Rs 522.59 crore in FY 2018

Nitin Gadkari calls for increase in use of alternative fuels to lower dependence on imported oil

Oil prices have been on the rise for quite some time now from its lows in the past three years and hit record highs in recent months.

HDFC Bank MD Aditya Puri's salary declines in 2017-18, takes home Rs 9.65 crore

Aditya Puri exercised stock options worth over Rs 31.41 crore in 2017-18 against Rs 57.42 crore worth of stock options in 2016-17,

Govt may hike paddy MSP by Rs 200 per quintal to woo distressed farmers ahead of 2019 elections

Prime Minister Narendra Modi had last week announced that the Cabinet will approve the hike in MSP to at least 1.5 times of the production cost in the forthcoming meeting.

Tata Steel will be able to nearly double capacity in India after ThyssenKrupp deal, reduce debt: N Chandra

Tata Steel and ThyssenKrupp signed a deal on Saturday after months of negotiations to form Europe’s second biggest steel company in which Tata and ThyssenKrupp will have a 50:50 partnership.

Flipkart deal in line with govt's FDI policy; acquisition to boost manufacturing, provide skilled jobs: Walmart

The Confederation of All India Traders (CAIT), a body of traders, on Monday, organised mass protests in different parts of the country against the Walmart-Flipkart deal.

Narendra Modi is right in ruling out a single GST rate; but why continue with a complex tax structure?

Modi is right in ruling out a single GST rate at this stage, but it doesn’t justify the continuance of a six rate structure that includes one of the world’s highest GST rates at the top end.

Walmart India gets half of business via out-of-store sales; US retail giant to open another fulfillment centre in Lucknow

Walmart India, a wholly owned subsidiary of Walmart Inc, operates 21 cash and carry stores here under the brand name of 'Best Price' in 9 states across the country.

Flipkart-Walmart deal: 10 lakh traders to protest across country today, says traders body CAIT

CAIT has already filed our objections in Competition Commission of India and if need arises it shall challenge the deal in the court of law.

Interpol issues Red Corner Notice against Nirav Modi: Fugitive diamantaire can be arrested by any member state now

The records the CBI provided to the Interpol included the non-bailable warrants issued by a Mumbai special court and the details of the charge sheets filed in the case etc.

GST anniversary: Indirect tax regime has led to improved efficiency, moderated retail inflation, reveals CII survey

The survey also indicates a positive impact of GST on employment as well as on the demand for goods and services.

LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky bet

LIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.

One year of GST: It’s been a bumpy ride for the restaurant industry over the past 12 months

The imposition of a restriction on availing of ITC is not in line with the basic underlying objective of GST

Rural finance: Death by ponzi scams; the ripping off of the unemployed youth

Ponzi schemes thrive on the failed dreams and ambitions of an entire generation of young men.

What you need to know before filing your income tax return

Taking a look at the various criteria/situations that make return filing mandatory for taxpayers.

One year of GST: The roller-coaster ride is over and businesses are now prepping to switch to cruise control

If voluntary courting of GST by SMEs can swell the revenue kitty, robust self-policing can add much more to the government's coffers.

One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth

The challenges to GST have ranged from being infrastructural - complicated compliance, tax slab revisions or last minute timeline alterations to psychological – as India is not a DIY (Do it yourself) economy

One year of GST: Indirect tax regime is a great success; has led to growth in GDP, says Adi Godrej

India’s gross domestic product (GDP) grew at 7.7% in the fourth-quarter of the 2017-18 financial year and that was because of GST, believes Adi Godrej

Money stashed by Indians in Swiss banks swells by 50%: Narendra Modi's promise on black money suffers setback

In 2015, the money held by Indians in Swiss banks had fallen by nearly one-third to CHF 1,217.6 million (over Rs 8,000 crore). Prior to that, these funds fell by 10 percent to CHF 1.8 billion in 2014, after a rise of 43 percent in 2013 to CHF 2.03 billion, the report added.

ICICI Bank appoints former IAS officer Girish Chandra Chaturvedi as non-executive part-time chairman for 3 years

ICICI Bank, in a filing to the exchanges, said that Chaturvedi will take charge from 1 July, 2018. The term of current chairman MK Sharma expires on 30 June

India has adequate 'firepower' of foreign exchange reserves to deal with rupee volatility, says Subhash Chandra Garg

Volatility is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19

The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.

India, ASEAN must work for early conclusion of RCEP, says Singapore finance minister Keat

The RCEP aims at liberalising norms for trade in goods and services and boost investment among 16-member countries.

Bankers should tap into opportunities in highways sector, says Nitin Gadkari

Bankers will be updated with the pick up in projects in highways sector and would listen to their problems.

Rupee recovers from all-time low, regains 18 paise on early trade

The rupee had yesterday breached the 69-mark but covered lost ground to finally close at an all-time low of 68.79 with a fall of 18 paise against the US dollar