Bank credit to industry slows to 6.1%, services sector sees growth: RBI

https://www.business-standard.com/industry/banking/bank-credit-to-industry-slows-to-6-1-services-sector-sees-growth-rbi-123122900867_1.html Clipped from: https://www.business-standard.com/industry/banking/bank-credit-to-industry-slows-to-6-1-services-sector-sees-growth-rbi-123122900867_1.html The retail loans growth decelerated to 18.6 per cent in November 2023 from 19.9 per cent a year ago due to moderation

Exports to Australia see upward trend, owing to duty concessions under ECTA

https://www.business-standard.com/india-news/exports-to-australia-see-upward-trend-owing-to-duty-concessions-under-ecta-123122900845_1.html Clipped from: https://www.business-standard.com/india-news/exports-to-australia-see-upward-trend-owing-to-duty-concessions-under-ecta-123122900845_1.html Government officials said that there has been an uptick in exports of products, where duty concessions have been given under the trade

NFRA finds certain lapses in audit quality of Walker Chandiok & Co

https://www.business-standard.com/companies/news/nfra-finds-certain-lapses-in-audit-quality-of-walker-chandiok-co-123122901117_1.html Clipped from: https://www.business-standard.com/companies/news/nfra-finds-certain-lapses-in-audit-quality-of-walker-chandiok-co-123122901117_1.html The regulator initiated an audit quality inspection of Walker Chandiok & Co LLP in December last year and covered various aspects The

Multiple banks lending to the same NBFCs dilute post-sanction monitoring – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/multiple-banks-lending-to-the-same-nbfcs-dilute-post-sanction-monitoring/article67684135.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/multiple-banks-lending-to-the-same-nbfcs-dilute-post-sanction-monitoring/article67684135.ece ‘It is imperative for boards of banks and NBFCs to fix suitable sectoral and sub-sectoral exposure limits and monitor them closely to

Banks up against challenges in coming year – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/banks-up-against-challenges-in-coming-year/article67684245.ece Clipped from: https://www.thehindubusinessline.com/opinion/banks-up-against-challenges-in-coming-year/article67684245.ece Liquidity concerns as well as managing regulatory issues vis-a-vis non-bank sector will be in the forefront Banks experienced elevated liquidity risks during

Section 80P(4) not restrict Section 80P(2) deduction claimed by Co-op Society: HC

https://taxguru.in/income-tax/section-80p4-restrict-section-80p2-deduction-claimed-co-operative-society-hc.html Clipped from: https://taxguru.in/income-tax/section-80p4-restrict-section-80p2-deduction-claimed-co-operative-society-hc.html CIT Vs Tamilnadu Cooperative Housing Federation Ltd. (Madras High Court) Introduction: In a significant legal development, the Madras High Court recently delivered a

Provisional attachment of bank account u/s. 83 of CGST Act based on tangible material valid

Read more at: https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html#google_vignetteCopyright © Taxguru.in https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html Clipped from: https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html Arramva Corporation & Ors. Vs Additional Director General & Ors. (Calcutta High Court) Calcutta High Court held

अग्रलेख : कर्तन? नव्हे केशवपन! | loksatta editorial nclt approves resolution plan for reliance communications

https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-nclt-approves-resolution-plan-for-reliance-communications-zws-70-4125513/ Clipped from: https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-nclt-approves-resolution-plan-for-reliance-communications-zws-70-4125513/ अनिल यांच्या मालकीची ‘रिलायन्स कम्युनिकेशन इन्फ्रास्ट्रक्चर लिमिटेड’ ही एके काळची दूरसंचार कंपनी काळाच्या ओघात आणि ‘जिओ’च्या प्रभावामुळे दिसेनाशी झाली. (संग्रहित छायाचित्र) बुडीत

Fintech giants set sights on consumer durable loans in India – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/fintech-giants-set-sights-on-consumer-durable-loans-in-india/article67679879.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/fintech-giants-set-sights-on-consumer-durable-loans-in-india/article67679879.ece India’s digital lending market is expected to exceed $720 billion by 2030, with 55% attributed to consumer lending. The Indian digital consumer

2024: Cryptos to gain credibility, CBDCs to face existential crisis – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/2024-cryptos-to-gain-credibility-cbdcs-to-face-existential-crisis/article67680029.ece Clipped from: https://www.thehindubusinessline.com/opinion/2024-cryptos-to-gain-credibility-cbdcs-to-face-existential-crisis/article67680029.ece Regulations for private cryptos likely soon, but retail e-rupee will struggle to prove its relevance against UPI Towards the beginning of 2023,

Sale of stressed loans to asset reconstruction companies zooms in FY23: RBI report – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/sale-of-stressed-loans-to-asset-reconstruction-companies-zooms-in-fy23-rbi-report/article67680541.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/sale-of-stressed-loans-to-asset-reconstruction-companies-zooms-in-fy23-rbi-report/article67680541.ece The sale of stressed loans to asset reconstruction companies (ARCs) shot up in 2022-23, partly reflecting assets sold to the newly operationalised

Artificial Intelligence, Machine Learning in finance carry potential risks – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/artificial-intelligence-machine-learning-in-finance-carry-potential-risks/article67680691.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/artificial-intelligence-machine-learning-in-finance-carry-potential-risks/article67680691.ece ‘Carries risk of undermining financial stability’ While rapid deployment of Artificial Intelligence and Machine Learning (AI/ML) in finance is promoting efficiency gains, redefining

Government directs social media platforms to not host advertisements of fraudulent loan apps – The Hindu BusinessLine

https://www.thehindubusinessline.com/info-tech/government-directs-social-media-platforms-to-not-host-advertisements-of-fraudulent-loan-apps/article67680321.ece Clipped from: https://www.thehindubusinessline.com/info-tech/government-directs-social-media-platforms-to-not-host-advertisements-of-fraudulent-loan-apps/article67680321.ece The development comes after a day of MeitY issuing an advisory to all digital intermediaries to actively comply with existing IT rules

Focus on capex-led growth strategy to continue, FinMin Indicates – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/focus-on-capex-led-growth-strategy-to-continue-finmin-indicates/article67680602.ece Clipped from: https://www.thehindubusinessline.com/economy/focus-on-capex-led-growth-strategy-to-continue-finmin-indicates/article67680602.ece Centre’s capex outlay has increased from 2.15 per cent of GDP in 2020-21 to 2.7 per cent in 2022-23 The Centre will

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