Thiruvananthapuram
25 C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Sunday, July 22, 2018

money

Forex reserves dip by USD 1.76 bn to USD 406.06 bn

India's foreign exchange reserves declined by USD 1.757 billion to USD 406.058 billion in the week to June 29 owing to fall in foreign currency asset...

Indians' stash in Swiss banks jumps 50% to Rs 7,000 crore in 2017

Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid...

Health insurance a growing segment in India: Report

Health insurance in India is a growing segment, yet it hasn't taken off fully and several measures are needed to improve and expand insurance coverag...

Provide 'fresh ideas' to Finance Commission, PM tells states

Prime Minister Narendra Modi asked state governments to provide 'fresh ideas' to the 15th Finance Commission for incentivising outcome-based allocati...

SEBI lowers expenses charged by Mutual Funds to increase penetration

Markets regulator SEBI has drastically slashed the 'additional expense' charged by mutual funds to just 5 basis points to help increase the penetrati...

Non-food credit growth up to 10.7% for April: RBI

The Reserve Bank said non-food credit growth accelerated to 10.7 per cent for April as against 4.5 per cent in the year-ago period, led by retail and...

IOC is most profitable PSU for 2nd yr in a row

Fuel retailer IOC has for the second year in a row beaten ONGC to become India's most profitable state-owned company, raising questions over calls fo...

India pools into USD 5 million small states fund at CHOGM

India is among four countries to pool into an innovative USD 5 million fund for small states to obtain easier access to international trade finance t...

Cash situation at ATMs improving, says SBI

India’s largest lender SBI said that cash availability at its ATMs has increased in the past 24 hours following reports of currency shortages a...

Deal with taxpayers courteously: I-T dept to taxman

Concerned about complaints of high-handedness on the part of its officers, the Income Tax Department (ITD) has issued fresh directives, asking them t...

Printing of Rs 500 notes to be increased 5 times: Govt

The government said the Reserve Bank will increase five-fold the printing of Rs 500 notes to deal with cash shortages in certain parts of the country...

ITR-1 ready for e-filing: I-T dept

The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Departme...

Adequate currency in circulation, says Jaitley

Finance Minister Arun Jaitley said there is ‘more than adequate’ currency in circulation and the temporary shortage in certain states is ...

Implementation of GST not 'unfixable' problem: Raghuram Rajan

Proper implementation of the Goods and Services Tax (GST) in India can be worked upon and is not an “unfixable problem”, former RBI gover...

Saudi Aramco picks up 50% stake in Maharashtra refinery

Saudi Aramco, the world’s largest oil producer, signed an agreement to pick up 50 per cent stake in a planned USD 44-billion refinery-cum-petro...

RBI net buys USD 1.665 bn of U.S currency in February

The Reserve Bank continued to remain a net purchaser of the U.S currency in February after it had bought USD 1.665 billion from the spot market. Duri...

HDFC hikes lending rate by up to 0.20%

Largest mortgage player HDFC upped its lending rates by up to 0.20 per cent, in line with similar moves by commercial banks. The increase in the Reta...

RBI bars banks from dealing with virtual currencies

The Reserve Bank of India (RBI) barred banks and financial institutions from dealing with virtual currencies including Bitcoins and said that it was ...

LDF govt not to forgo additional tax revenue on petro products

The CPI(M)-led LDF government in Kerala made it clear that it could not waive the additional sales tax revenue generated on account of increase in ex...

PSU banks wrote off Rs 2.42 lakh crore loans in 3 yrs: Govt

Public sector banks (PSBs) wrote off Rs 2.42 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed. Writing-o...

RBI did not do proper auditing: CVC on PNB fraud

Apportioning blame to the Reserve Bank of India (RBI) over the PNB loan fraud , Central Vigilance Commissioner K.V Chowdary said there had been ̶...

Govt keeps small savings interest rates unchanged

The government decided not to tinker with the interest rates on small savings schemes, including NSC and PPF, for the April-June quarter. The move is...

SBI hikes interest rates on fixed deposits above 2 yrs

The State Bank of India, India’s largest bank, has increased the interest rates on its retail domestic term deposits (below Rs 1 crore) by up to 25 b...

PAN-Aadhaar linking deadline extended to June 30: CBDT

The CBDT extended the deadline for the PAN-Aadhaar linking to June 30. The policy-making body of the tax department issued an order extending the dea...

SC orders status quo in RCom's asset sale to R-Jio

The Supreme Court ordered that status quo be maintained on Reliance Communication’s sale of assets to R-Jio on pleas by a consortium of banks. ...

FCRA licence of 5,000 NGOs cancelled: Govt

Nearly 5,000 NGOs were barred by the government from receiving foreign funding after cancellation of their licences since April 2017, the Lok Sabha w...

SBI closes 41.16 lakh savings accounts

State Bank of India has closed as many as 41.16 lakh savings accounts between April-January in the current fiscal year for not maintaining the averag...

RBI discontinues LOUs/LOCs issuance for trade credit for imports

The Reserve Bank of India (RBI) announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade cr...

SBI reduces charges on non-maintenance of minimum balance

The State Bank of India reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per cent, effective...

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