Author: Anil R Tikotekar
👍👍👍bank locker agreement: You may have to sign revised bank locker agreement again – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/you-may-have-to-sign-revised-bank-locker-agreement-again/articleshow/99069684.cms Synopsis The Reserve Bank of India (RBI) has issued a circular on January 23, 2023 asking banks to ensure that model locker agreement
👍👍👍99.9% of UPI transactions are bank account-to-account: NPCI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/999-of-upi-transactions-are-bank-account-to-account-npci/article66676802.ece Following the inclusion of Prepaid Payment Instruments (PPI Wallets) in the interoperable UPI ecosystem, NPCI last week introduced an interchange fee on merchant transactions,
Lok Sabha passes Competition (Amendment) Bill 2022 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/lok-sabha-passes-competition-amendment-bill-2022/article66674656.ece Bill provides for the concept of ‘deal value threshold’ as an additional criterion for notifying M&As; levy of anti-trust penalties on the ‘global
👍👍👍👍👍Angel tax is draconian and unfair on start-ups – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/angel-tax-is-draconian-and-unfair-on-start-ups/article66676445.ece This tax is a relic from an era where the start-up scene was not vibrant There seems to be good reason for India’s
👍👍👍👍👍STT hike does more good than harm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/stt-hike-does-more-good-than-harm/article66676724.ece The hike in STT on futures and options can check rampant speculation, besides correcting some imbalances in the market Every year when the
👍👍👍SEBI approves setting up backstop fund for debt mutual funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/new-backstop-fund-mooted-to-bail-out-mf-debt-schemes-in-distress/article66676446.ece SEBI has made the Board of AMC responsible for protecting unitholders’ interests SEBI has introduced the “Corporate Debt Market Development Fund”, a backstop facility
👍👍👍👍👍Bank runs and resolutions
Clipped from: https://www.business-standard.com/opinion/columns/bank-runs-and-resolutions-123032801300_1.html The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India – to complete the unfinished
👍👍👍At 8.15% for FY23, EPFO returns are second lowest in over 45 years
Clipped from: https://www.business-standard.com/economy/news/at-8-15-epfo-returns-second-lowest-in-over-45-years-shows-data-123032800993_1.html Listen to This Article The Employees’ Provident Fund Organisation (EPFO) decision to increase its declared rate of return has narrowed the gap with
👍Cracking the whip: 18 drug companies lose licence over spurious medicines
Clipped from: https://www.business-standard.com/companies/news/licences-cancelled-for-18-drug-firms-as-part-of-nationwide-inspection-drive-123032801039_1.html Move comes after Drugs Controller General of India conducts inspection on 76 drug firms in 20 states Photo: Pexels Listen to This Article
👍MPC should raise rates by 25 bps next week: Economists tell RBI
Clipped from: https://www.business-standard.com/finance/news/mpc-should-raise-rates-by-25-bps-next-week-economists-tell-rbi-123032800730_1.html Say current dynamics warrant hike, but RBI should keep liquidity stance flexible Listen to This Article At a meeting on Monday with senior
👍Public sector banks wrote off ₹91,000 cr in 9 months of FY23 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-wrote-off-91000-cr-in-9-months-of-fy23/article66671983.ece Recovery in FY22 just over ₹1 out of ₹5 in written off accounts Public sector banks have written off around ₹91,000 crore in