RBI has the power to call a meeting of a non-state bank’s directors, get one or more of its officers to attend board meetings, appoint
Day: March 20, 2018
Fixed term employment: Government extends facility of fixed term employment for all sectors – The Economic Times–21.03.2018
The government has extended the facility of hiring workers on fixed term employment to all sectors for improving the ease of doing business for players
Raghuram Rajan says 7.5% growth rate is not enough to create jobs – The Economic Times–21.03.2018
On how quickly can India achieve 10% growth, Rajan said that could happen after the Lok Sabha elections next year because reforms would now be
GST: Unrealistic to expect GST to settle down in less than 10 years: Bibek Debroy – The Economic Times–21.03.2018
On direct taxes front, the NITI Aayog member made a case for removal with exemptions which he said was on government agenda. Prime Minister’s Economic
appraisals: Employees need to re-skill multiple times to stay relevant: Report – The Economic Times–21.03.2018
For Indian professionals, re-skilling multiple times could be the new normal due to the constant need to upgrade skill-sets to efficiently handle a wide variety
Transitional Credit Under GST: Centre takes exclusive powers to verify claims – The Financial Express–21.03.2018
The CBEC justified the move on the grounds that the verification exercise can only be done by the tax authority. Concerned over what it perceives
Hit hard by Nirav Modi fraud, PNB embarks on ‘Mission Parivartan’ drive | Business Standard News–21.03.2018
Hit hard by Nirav Modi fraud, Punjab National Bank (PNB) has embarked on Mission Parivartan, a 10-pronged transformation strategy to strengthen one of the oldest
The futility of demonetisation: Cash is back, and with a vengeance | Business Standard News–21.03.2018
In November 2016, when demonetisation of Rs 500 and Rs 1,000 were done, one of the main arguments put forward was that the move will
Private banks’ market share to touch 50% in 5 years: Uday Kotak | Business Standard News–21.03.2018
Rapid adoption of technology across banking systems will help private sector banks increase their market share from the current 30 per cent to 50 per
Rs 127-bn PNB scam and NPA crisis are contributing to banking paralysis | Business Standard Column–21.03.2018
A spectre is haunting the Indian economy today — the spectre of banking paralysis. If it lingers for too long, it could seriously undermine the
Made a mistake while filing tax returns? Here’s how you can fix it | Business Standard News–20.03.2018
Every individual whose income exceeds the basic exemption limit of Rs 250,000 must file an income tax return. This limit is Rs 300,000 for those
Feeling unsafe amid digitisation push? Go for a cyber insurance cover | Business Standard News
The government’s thrust on financial digitisation has had an unwanted byproduct – a rise in cybercrime. According to recent reports, the government is planning to
Yashwant Sinha: Demonetisation has led to tax terrorism: Yashwant Sinha – The Economic Times–20.03.2018
Dissident BJP leader and former Union finance minister Yashwant Sinha today said demonetisation had led to “tax terrorism” and likened Prime Minister Narendra Modi to
GST–Absence of GST refund mechanism hits gold demand from tourists, NRIs – The Economic Times-203.03.2018
Foreign tourists and NRIs visiting India are not investing in gold jewellery like before as there is no mechanism to refund the GST on their
GSTN data: GSTN data may be used to reach out to MSMEs – The Economic Times–20.03.2018—–*****
The government is working on structuring a two month programme, leveraging data captured by the GST Network, to apprise small businesses of the schemes it
Narendra Modi: India’s net exports not doing well: Bibek Debroy – The Economic Times–20.03.2018
India’s net exports are not doing well even as the global economy is on the recovery path, Bibek Debroy, the head of Economic Advisory Council
Needed, independent prosecution agencies–Economic Times–20.03.2018
India’s criminal justice system is increasingly looking bereft of teeth. The Central Bureau of Investigation (CBI) recently failed to secure conviction in its case that
Exchange rate not just the RBI’s baby–Economic Times–20.03.2018
India’s exchange rate is a stumbling block in rapid export growth and the country will miss out on the opportunity to cash in on the
Yashwant Sinha compares PM Narendra Modi to Tughlaq, says demonetisation has failed – The Financial Express–20.03.2018
Former Union Finance Minister Yashwant Sinha on Monday said demonetisation has “failed comprehensively”, as he compared Prime Minister Narendra Modi to 14th century Delhi Sultanate
Rai alleges communication breakdown between Banks Board Bureau and govt | Business Standard News–20.03.2018
Banks Board Bureau (BBB) Chairman Vinod Rai on Monday hit out at the government for sitting over its slew of recommendations for public sector banking
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