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India good at managing finances but surge in global price will negatively impact it’s economy, says IMF MD
World

India good at managing finances but surge in global price will negatively impact it’s economy, says IMF MD

During a media roundtable, on the Russian invasion of Ukraine and its global impact, Gita Gopinath, the First Deputy Managing Director of the IMF, observed that the war has posed a challenge to economies around the world, including India

Fintech allows small players to compete, rewards those that effectively address consumer needs
Business

Fintech allows small players to compete, rewards those that effectively address consumer needs

With real-time banking capabilities getting enhanced by Fintechs, it has led to higher visibility of cash flow making banking services more effective

Rajasthan chief minister Ashok Gehlot allocates portfolios to ministers, retains home and finance
Politics

Rajasthan chief minister Ashok Gehlot allocates portfolios to ministers, retains home and finance

Twelve new ministers were inducted and three ministers of state were elevated to cabinet rank at the recent cabinet reshuffle of Rajasthan government

Aryan Khan was in 'conscious possession' of drugs: Breaking down the much-debated NDPS Act
India

Aryan Khan was in 'conscious possession' of drugs: Breaking down the much-debated NDPS Act

NDPS Act dispenses with 'dishonest intention' and Section 35 directs the court to presume the existence of a culpable mental state for all the offences under the Act

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service
Business

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service

In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022

From Gul Agha to Sadr Ibrahim, Taliban adds slew of 'familiar faces' to its Cabinet
World

From Gul Agha to Sadr Ibrahim, Taliban adds slew of 'familiar faces' to its Cabinet

The group appointed Gul Agha as finance minister, Mullah Abdul Qayyum Zakir as defence minister and Sadr Ibrahim as be acting interior minister

International financial body submits roadmap for mitigating climate-related risks to G20
World

International financial body submits roadmap for mitigating climate-related risks to G20

The FSB, created in the wake of the 2008 financial crisis, said global climate-related risks are "far-reaching" and require a coordinated response.

Father's Day 2021 to be celebrated tomorrow; here are some gift ideas for a secure financial future
India

Father's Day 2021 to be celebrated tomorrow; here are some gift ideas for a secure financial future

Fixed Deposits are a good old-fashioned savings fund that can make for a perfect gift for your dad this Father’s Day

Women run fewer than 13% of India's MSMEs; inaccessibility of credit, govt schemes and now COVID are key hurdles
India

Women run fewer than 13% of India's MSMEs; inaccessibility of credit, govt schemes and now COVID are key hurdles

The biggest challenge faced by women entrepreneurs in India is gender bias in access to finance as studies show that their loan applications are more likely to be delayed or rejected as compared to men

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'
Business

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'

The AIBEA said the move will make it more difficult for public sector banks to lend to weaker and priority sectors at concessional rates of interest

Account takeover incidents in finance industry increased 20% in 2020, says cybersecurity firm Kaspersky
World

Account takeover incidents in finance industry increased 20% in 2020, says cybersecurity firm Kaspersky

As a result of the coronavirus pandemic, the importance of e-commerce and digital financial services increased in 2020 with people spending more time at home

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
Business

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up

The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago

Income Tax Return for AY 2020-21: Steps and documents needed to e-file your ITR
India

Income Tax Return for AY 2020-21: Steps and documents needed to e-file your ITR

ITR 2020-2021 | The last date to file income tax return (ITR) for assessment year (AY) 2020-21 has been extended till 30 November.

NEP's private participation push, disregard for caste and gender show it as little more than echo of past policies
India

NEP's private participation push, disregard for caste and gender show it as little more than echo of past policies

All our education policies have been reflective of Macaulay’s idea of creating a class of people willing to serve a larger authority.

“COVID 19 lockdown increased our hardships” - Voices from the women-led households of Mumbai
India

“COVID 19 lockdown increased our hardships” - Voices from the women-led households of Mumbai

Women informal workers, who are the only earning members of the family, are demanding immediate attention to their issues of unemployment and financial instability.

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards
Business

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards

Markets regulator SEBI allowed transactions in defaulted debt securities and put in place operational framework for such transactions

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally
Business

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally

Investor wealth on Friday fell by Rs 2,00,006.26 crore as markets snapped a two-day rally, with the BSE benchmark tumbling 536 points

Finance, bank stocks tumble up to 17.8% after Franklin Templeton MF suddenly closed 6 debt fund schemes
Business

Finance, bank stocks tumble up to 17.8% after Franklin Templeton MF suddenly closed 6 debt fund schemes

Finance and bank stocks tumbled up to 17.8 percent on Friday after Franklin Templeton MF suddenly closed some debt fund schemes

Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways
India

Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways

The Central government on Wednesday unveiled an economic package worth Rs 1.7 lakh crores primarily focussed at the poorest and most vulnerable sections of the society.

Zero-MDR: Is India pioneering a global business model for digital payments?
News & Analysis

Zero-MDR: Is India pioneering a global business model for digital payments?

Historically, digital payments around the world have been driven by the American model defined by card associations.