Post Tagged with: "budget"

More funds for cash-strapped east, north bodies

More funds for cash-strapped east, north bodies

NEW DELHI: The corporations are apprehensive about implementation of the 5th Delhi Finance Commission report, status of arrears and the new allocation mechanism which, they feel, gives Delhi government direct control over the flow of funds in various crucial sectors. Narendra Chawla, mayor of south , said that the move […]

Examine RBI?s powers, role, says House panel

Examine RBI?s powers, role, says House panel

NEW DELHI: A parliamentary panel has recommended setting up of a to evaluate the role, powers and authority of the Reserve () and has said it expects the central bank to provide a coherent road map for 11 public sector banks (PSBs) to come out of its prompt corrective action […]

Former Sebi chief to head RBI panel on MSMEs

Former Sebi chief to head RBI panel on MSMEs

MUMBAI: The on Wednesday set up an expert committee under former chairman U K Sinha to suggest long-term solutions for the economic and financial sustainability of the micro, small and medium enterprises (MSME) sector. The RBI announced the panel a day after it allowed a one-time restructuring of existing debt […]

India‘s retaliatory tariffs to hit US exports: Report

India‘s retaliatory tariffs to hit US exports: Report

WASHINGTON: India‘s proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils will have an adverse impact on American exports worth nearly $900 million, according to the latest Congressional report. India last year announced higher import duties on many US products like apples, almonds, walnuts, chickpeas and lentils […]

Sensex dives 363 points to end below 36,000-mark

Sensex dives 363 points to end below 36,000-mark

NEW DELHI: finished the second trading day of 2019 in red with the benchmark crashing over 350 points amid heavy selloff in metal and auto stocks. Sensex plunged 363 points or 1 per cent to close at 35,892, while the broader shed 118 points or 1.08 per cent to end […]

Govt clears merger of Dena, Vijaya Bank with BoB

Govt clears merger of Dena, Vijaya Bank with BoB

NEW DELHI: The Union Cabinet on Wednesday approved the first-ever three-way merger in the history of Indian banking with the amalgamation of state-owned , and (BoB). “There will be no impact on the service conditions of the employees and there will be no retrenchment following the merger,” Union law minister […]

India to get info on a/c holders in Swiss banks from ‘19

India to get info on a/c holders in Swiss banks from ‘19

NEW DELHI: India will start receiving from Switzerland this year information relating to financial accounts held by Indians in , the government said on Wednesday. Minister of state for external affairs V K Singh, replying to a question in the Lok Sabha, said such information may include details about persons […]

Wipro may opt for up to $1.2bn share buyback

Wipro may opt for up to $1.2bn share buyback

BENGALURU: The stock markets and some analysts expect to announce another buyback of shares this quarter, subject to regulatory approval and the National Company Law Tribunal?s (NCLT) decision on the merger of four of its businesses with the tech major. The NCLT is looking at the company?s proposal to merge […]

GST collections slip to Rs 94,726 crore in Dec

GST collections slip to Rs 94,726 crore in Dec

NEW DELHI: Gross GST revenue receipts slowed to Rs 94,726 crore in December, lower than the previous month?s Rs 97,637 crore. But experts said there was no cause for concern as the overall trend points to a stabilisation in the tax regime. Receipts had crossed the Rs 1-lakh-crore mark in […]

?Urjit had been wanting to quit for past 6-7 mnths?

?Urjit had been wanting to quit for past 6-7 mnths?

NEW DELHI: Former Reserve Bank of India () governor stepped down due to personal reasons and had been telling the PM about his intention to quit for the past 6-7 months, Prime Minister said on Tuesday. “I am revealing for the first time, he (Urjit Patel) was telling me about […]