The Reserve Bank of India (RBI), in tandem with public sector and commercial banks, has undertaken data mining on a massive scale to identify how
Month: July 2017
Truck makers face GST overload; Tata Motors, Ashok Leyland sales decline | Business Standard News–28.07.2017
The goods and services tax (GST) has caused a slowdown in demand for commercial vehicles as transporters grapple with a fall in haulage rates. Medium
Flat response: Tata Motors brings back designations | Business Line–28.07.2017
The policy was rolled out just weeks ago and may have upset senior staffers Tata Motors has decided to do away with the ‘no designations’
Tax evasion: Demonetisation crackdown round two: Tax sleuths target corporate accounts–Economic Times–27.07.2017
After targeting individuals who made large cash deposits in banks during or after demonetisation, the income-tax department is now going after businesses that deposited lots
GST impact: Over 25% of trucks idle amid drop in interstate movement–27.07.2017
More than a fourth of India’s 6 million-strong truck pool is said to be idle after the goods and services tax (GST) came into force
Federal Reserve: US Federal Reserve keeps benchmark interest rate unchanged–Economic Times–27.07.2017
The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds “relatively soon” in
Rs 2000 note: Demonetisation again? There are signs of another currency ban coming–Economic Times–27.07.2017
The Opposition in Rajya Sabha today asked Finance Minister Arun Jaitley to clarify whether the government has decided to scrap the newly launched Rs 2,000
Minimum wage code bill: Cabinet clears minimum wage code bill; 4 crore employees likely to get benefits–Economic Times–27.07.2017
Union cabinet cleared the first of the four labour codes on wages, paving way for consolidation of more than a dozen different central labour laws
Judicial overreach: Madras high court’s Vande Mataram order will complicate people’s lives–Times of India–27.07.2017
The Madras high court ruling making the singing of Vande Mataram mandatory in schools, government offices, private entities and industries in Tamil Nadu will have
Bad loan crisis: Here is how to cross the bankruptcy chasm – The Financial Express–27.07.2017
Atanu Mukherjee The introduction of the Insolvency and Bankruptcy Code, the formation of Insolvency and Bankruptcy Board of India (IBBI) and the recent RBI directed
Indian banks most at risk among South, South-East Asian peers: Poll – The Financial Express–27.07.2017
Indian banks are most at risk in South and South-East (S-E) Asia, and being under-capitalised, they lack sufficient loan provisioning, says a Moody’s poll. It
Right to Privacy can be fundamental right with some riders: Govt to SC | Business Standard News–27.07.2017
The Centre on Wednesday conceded in the Supreme Court that right to privacy may be considered as a fundamental right under the Constitution, but many
How farm loan waivers can hurt | Business Standard Column–27.07.2017
Let’s get a couple of things straight right at the outset. Indian farmers remain vulnerable to a host of adversities that include both crop failure
Time to cut rates | Business Standard Editorials–27.07.2017
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet next Wednesday to review the central bank’s policy stance. The RBI
YES Bank — Improvement in asset quality offers respite to investors | Business Line–27.07.2017
YES Bank continued to deliver strong traction in loans, healthy deposit growth and improving margins in the latest June quarter. But for investors, the bank’s
FinMin asks PSBs to work togetherto hive off consortium loans gone bad | Business Line–27.07.2017
Says a united front will yield a better price from ARCs than selling loans piecemeal If public sector banks have collectively given a company a
RBI needs to look deep into cryptocurrencies, says PHDCCI chief | Business Line–27.07.2017
Bitcoins are a potential tool to boost the digital economy, but today these are fraught with high risks, said Gopal Jiwarajka, President, PHD Chamber of
Banks lending to housing segment loses steam | Business Line–27.07.2017
With corporate lending taking a hit due to downturn in investment activity, banks have been relying on the retail segment to drive growth. Within retail,
Axis Bank Q1 net plunges 16% to ₹1,306 cr as bad loans mount | Business Line–27.07.2017
This is the sixth consecutive quarter in which the lender posted a decline in profit Axis Bank’s net profit shrunk for the sixth quarter on
India is underperforming in infra spends, says report | Business Line–27.07.2017
India is underperforming in terms of spending needs (in relation to GDP) in several infrastructure segments, within its peer group (low- and middle-income countries) that
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