Banking 2016

Budget 2016: Wooing foreign investors? Govt waives penalty, interest on pending tax disputes

In order to soothe nerves of foreign investors, the government today offered one-time settlement of cases emanating from retrospective amendment of tax laws, by asking companies to pay the basic tax demand and get waiver for interest and penalty.

Budget 2016: Centre to release Rs 25,000 crore to recapitalise public-sector banks

The move will help tackle the high levels of non-performing assets (NPAs), or bad debts, of state-run banks, revealed Arun Jaitley.

Budget 2016: Modi-Jaitley give big rural push to economy, to give statutory backing for Aadhar

About half an hour into his presentation of Union Budget 2016, it seemed fairly clear that Finance Minister Arun Jaitley has taken cue from Prime Minister Narendra Modi in presenting a Budget that has rural push as its one big focus.

Budget 2016: Jaitley's acid test today; will he silence his critics through a reformist budget?

Budget 2016: Adhering to fiscal consolidation path is good, but also revive investment cycle

With a reined in fiscal deficit, the RBI would have enough headroom to cut rates further, which would be positive for the economy

Budget 2016: Six reasons why we should not expect anything radical this year from Jaitley

The Budget is really a basic statement of account which involves some tinkering in places to ensure that overall borrowings are within the fiscal limits.

Budget 2016: Budget should ensure India Story is implementable for overseas investors

Indian Markets had been upbeat on the Narendra Modi Government since the last 18 months but lately their hopes increasingly have given way to dispair.

Budget 2016: Incentivise affordable housing; building 6 cr houses is a Gargantuan task

An acute shortage of affordable urban homes looms large in the face of Indian realty as homes are exorbitantly priced for the common man.

Budget 2016: Govt should deviate from RBI’s stance and spend liberally for agriculture and infra sectors

Rising deflationary pressures have taken a toll on the global equities – about 40 stocks markets in the world have fallen 20% from their respective peaks.

Budget 2016: Bad bank, recapitalisation to be in focus , says SBI Research

The forthcoming Budget is likely to set out a clear agenda for revival of banking sector, including setting up of a 'bad bank' and an aggressive roadmap for recapitalisation, SBI Research said in a note today.