Clipped from: https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-of-india-holds-rates-steady-maintains-accommodative-stance/articleshow/80700459.cmsSynopsis The repo rate or RBI’s key lending rate was held at 4% while the reverse repo rate or its borrowing rate was left
Month: February 2021
Bank complaint: Single body for complaints against banks, NBFCs, pre-paid card issuers from June 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/single-body-for-complaints-against-banks-nbfcs-pre-paid-card-issuers-from-june-2021/articleshow/80701927.cmsSynopsis Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing an efficient dispute
RBI conducting independent assessment of true NPA picture: Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-conducting-independent-assessment-of-true-npa-picture-governor-shaktikanta-das/articleshow/80706147.cmsSynopsis The Economic Survey had last week called for another round of asset quality review when the Covid related forbearance is lifted. The survey
Vivaad Se Vishwas scheme more successful than previous govt initiatives: Source – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/vivaad-se-vishwas-scheme-more-successful-than-previous-govt-initiatives-source/articleshow/80710483.cmsSynopsis So far 125,144 cases have opted for the scheme which is 24.5% of the entire long pending 510,491 cases that were in various
Let there not be any doubt, RBI will manage high govt borrowing in FY22: Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/let-there-not-be-any-doubt-rbi-will-manage-high-govt-borrowing-in-fy22-shaktikanta-das/articleshow/80707688.cmsSynopsis The governor said the extraordinary event of the pandemic has resulted in deviation from the fiscal consolidation road map and declined to comment
RBI liquidity: RBI bond buys, dispensation to banks to offset CRR withdrawal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-does-rbi-propose-to-deal-with-liquidity/articleshow/80710236.cms SynopsisThe Reserve Bank of India on Friday promised abundant liquidity to calm market nerves, after yields surged past 6% recently amid apprehension of
Will transfer Rs 2.2 lakh crore NPAs to ‘bad bank’: Financial services secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/will-transfer-rs-2-2-lakh-crore-npas-to-bad-bank-financial-services-secretary/articleshow/80701298.cmsSynopsis Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer
RBI monetary policy: Government-RBI jugalbandi playing out well, says SBI MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/government-rbi-jugalbandi-playing-out-well-says-sbi-md/articleshow/80708106.cmsSECTIONSGovernment-RBI jugalbandi playing out well, says SBI MDByMythili Bhusnurmath,Last Updated: Feb 05, 2021, 05:28 PM ISTSynopsis NBFCs play a very critical role as far
Jubilant FoodWorks: Analysts remain bullish on Jubilant Food on strong Q3 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/analysts-remain-bullish-on-jubilant-food-on-strong-q3/articleshow/80694679.cms SynopsisAccording to Motilal Oswal Financial Services, Jubilant has been the biggest success story in the Indian quick-service restaurant industry, driving growth with its
What financial experts think about RBI’s new window for retail investors to buy-sell govt bonds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/what-financial-experts-think-about-rbis-new-window-for-retail-investors-to-buy-sell-govt-bonds/articleshow/80706103.cmsSynopsis Encashing direct investments in gilts quickly could be more difficult than encashing gilt mutual fund units. Direct investment in Gilts can be considered
Common Customs Electronic Portal: Government plans to launch Common Customs Electronic Portal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/common-customs-portal-in-works/articleshow/80693555.cms Synopsis–The proposed portal will facilitate registration, filing of bills of entry, shipping bills, payment of duty, and viewing and response to show cause
Faceless assessment bucket has 2 lakh cases; 35,000 completed: CBDT chief – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/faceless-assessment-bucket-has-2-lakh-cases-35000-completed-cbdt-chief/articleshow/80707059.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Calling the faceless assessment scheme of cases brought under scrutiny a step towards ensuring “better” taxpayer services, the top-ranking officer said the necessity
Skill India Mission target achieved, 1.07 cr trained till Jan 2021: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/skill-india-mission-target-achieved-1-07-cr-trained-till-jan-2021-govt/articleshow/80707509.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As per the statement tabled by skills development minister Mahendra Nath Pandey in Rajya Sabha on Friday, 36.04 lakh candidates were trained under
Demand has moved beyond pent-up to actual one: RBI Governor Shaktikanta Das – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/demand-has-moved-beyond-pent-up-to-actual-one-rbi-governor-shaktikanta-das/2188929/ “Demand has now moved beyond pent-up demand to actual demand coming up. As the lock down gets steadily lifted and movements are allowed
Taking a loan against credit card? Here is what you should be aware of – The Financial Express
Clipped from: https://www.financialexpress.com/money/taking-a-loan-against-credit-card-here-is-what-you-should-be-aware-of/2188791/ Even though various banks and credit card providers offer top-up loans to individuals against their credit cards, however, one needs to have a
FM does away with the need for GST Audit for a section of taxpayers–GST | BUDGET 2021: the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/budget-2021-fm-does-away-with-the-need-for-gst-audit-for-a-section-of-taxpayers/articleshow/80681164.cms SynopsisThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws. A least expected yet positive development
RBI provides new incentives for commercial banks to lend to MSMEs–RBI MONETARY POLICY–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/monetary-policy-rbi-provides-new-incentives-for-commercial-banks-to-lend-to-msmes/articleshow/80701254.cmsSynopsis The move will facilitate more fund flow for a sector which has been facing acute financial crunch in the aftermath of the pandemic.
We are fast achieving pre-COVID-19 levels in exports: Commerce secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/we-are-fast-achieving-pre-covid-19-levels-in-exports-commerce-secretary/articleshow/80682095.cmsSynopsis The secretary said measures like production-linked incentive scheme would expand the manufacturing base and that will take exports to the true potential. New
Ease of business in self-reliant India – Indirect tax budgetary changes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/ease-of-business-in-self-reliant-india-indirect-tax-budgetary-changes/articleshow/80702962.cmsSynopsis It would not be an exaggeration to term this budget as balanced and progressive insofar as it has aimed to cater to the
labour: Budget 2021: FM races to fix flaws in labour model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2021-fm-races-to-fix-flaws-in-labour-model/articleshow/80699369.cmsSynopsis The Finance Minister Nirmala Sitharaman’s first post-Covid budget had several measures to bring the unorganised working class into the mainstream economic fold. Thanks
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