At a time when PSU banks are already reeling under the onslaught of bad news, the last thing they need is to feel that every
Month: April 2018
GST: Need to revisit the complex system – The Financial Express–04.04.2018
Even after nine months of unveiling the GST, the system continues to be unsettled, and there is a palpable sense of uneasiness among the governments
UIDAI unfurls beta version of Virtual ID; can be used in place of Aadhaar | Business Standard News–04.04.2018
The UIDAI has unveiled the beta version of the much-awaited ‘Virtual ID’, and promised that service providers will “soon” start accepting the same in lieu of Aadhaar number.
Export push: Portals unveiled to expedite certification, check non-compliance – Business Line–04.04.2018
The Export Inspection Council, the export certification body of the government, has launched three portals for faster certification of food and farm products and efficient
MSME Ministry working on certification of credit worthiness of small businesses – Business Line–04.04.2018
To help small businesses borrow from banks, the Ministry of Micro, Small and Medium Enterprises (MSME) is working on a portal that will certify the
Financial inclusion – the road ahead – Business Line–04.04.2018
Democratisation of credit and financialisation of savings are critical for a financially inclusive India Financial inclusion has been recognised as a key building block which
Stressed bank loans at Rs 9.5 trn in Dec, PSB loans account for Rs 8 trn | Business Standard News–04.04.2018
Soured loans at India’s banks rose in the three months to December to Rs 9.5 trillion ($145.9 billion), after declining from record high levels in the previous
Several systemic loopholes led to PNB loan fraud, says ICAI panel–Business Today–04.04.2018
A high-power group, constituted by the Institute of Chartered Accountants of India (ICAI) to look into the PNB loan fraud case, has found systemic failure at many
Responsible lending: Need of the hour for India- Business News–04.04.2018
In an era, where banks and financial institutions are grappling to come to terms with an onslaught of frauds and irresponsible behaviour, a lot is
15th Finance Commission–South should let 2011 population be–Economic Times–03.04.2018
Southern states are miffed over the mandate to the Fifteenth Finance Commission to use the population figures of 2011 instead of 1971 as a criterion
With an eye on MSMEs, SIDBI launches a slew of consumer connect programmes – The Economic Times–03.04.2018
SIDBI celebrated its foundation day on Monday as day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). Chairman and Managing Director of SIDBI, Mohammad Mustafa launched
Uniform GST rates can’t be done ignoring political realities: CEA Arvind Subramanian – The Financial Express–03.04.2018
Arvind Subramanian, Chief Economic Advisor to Prime Minister Narendra Modi, today said it is easy to advocate one uniform GST rates for all goods, but it
Think of unsecured creditors, too – The Financial Express–03.04.2018
A process that condones failure to consider a higher financial offer or supports causation of loss of hundreds of crores to unsecured and other creditors
MSP–Look before you leap – The Financial Express–03.04.2018
With farm prices of several commodities falling way below their minimum support prices (MSPs) in 2016-17 and 2017-18, farmers have been under increasing stress. The
RBI’s powers over PSBs: What’s the truth? – I | Business Standard Column–03.04.2018
About a month ago, reacting to the strident criticism of failing to prevent rampant corrupt practices in public sector banks (PSB), Reserve Bank of India (RBI) Governor Urjit Patel argued, perhaps
Direct tax collections up 17.1%, touch ₹9.95 lakh crore in FY18 – Business Line–03.04.2018
The Centre has “broadly met” its tax collection targets for 2017-18, despite uncertainty from the Goods and Services Tax and is meeting the fiscal deficit
Congress slams Modi govt for rising petrol, diesel prices–Deccan Herald–03.04.2018
Senior Congress leader P Chidambaram dubbed the BJP government as ‘anti-poor’ and ‘anti-middle class’ as these sections have to bear the burden of high fuel
Insolvency and Bankruptcy Board of India | Eligibility Criteria–02.04.2018
Insolvency and Bankruptcy Board of India 02nd November, 2017 Limited Insolvency Examination, 1st January 2018 The Board hereby specifies under regulation 3(3) of the Insolvency
Apparel exporters seek ‘lifeline support’ – Business Line–02.04.2018
Exporters in the Tirupur knitwear cluster say it will be impossible for them to compete with ‘tariff advantaged’ countries without ‘lifeline support’ through schemes such
Chanda Kochhar: ‘Ms Consistency’ of Indian banking who is no stranger to crises at ICICI–The Print In–02.04.2018
The CEO of ICICI Bank has seen several ups and downs in her 25-year career. But the allegations of conflict of interest could be her toughest
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