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September 5, 2019 7:37 AM
SEBI Chairman Ajay Tyagi has called for unification of corporate bond market with the more widely-traded government securities market to make it easier for investors to enter and exit the market. Addressing an event in Mumbai, Mr. Tyagi said there is a need for seamless transmission of information f...
September 4, 2019 9:03 PM
September 4, 2019 8:18 AM
Reserve Bank-constituted task-force on developing a vibrant secondary market for corporate loans has called for setting up a central loan contract registry to remove information asymmetries between buyers and sellers. The six-member task force, headed by Canara Bank chairman TN Manoharan, was formed...
September 2, 2019 7:46 PM
Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to an official data. The eight-core sector industries -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electri...
September 2, 2019 2:17 PM
Over five crore 65 lakh Income Tax Returns were filed by taxpayers for the Assessment Year 2019-20. This is 4 per cent more compared to the previous assessment year. Central Board of Direct Taxes (CBDT) data shows that 5 core 42 lakh ITRs were filed for the Assessment year 2018-19. In a statement, C...
September 1, 2019 9:16 PM
Finance Minister Nirmala Sitharaman has categorically said the proposed merger of banks would not lead to any job losses. Talking to reporters in Chennai today, she said not even a single employee would be removed following the amalgamation. She dismissed reports of job loss due to the merger, sayin...
September 1, 2019 7:30 PM
GST collection in the month of August stood at 98 thousand 202 crore rupees. In a release, the Finance Ministry said the total number of GSTR 3B Returns filed for the month of July up to 31st of August is around 76 lakh. The government has settled 23 thousand 165 crore rupees to CGST and 16 thousan...
August 30, 2019 2:49 PM
Reserve Bank says early recognition and resolution of stressed assets have helped banks contain their Gross Non-Performing Loans ratio at 9.1 percent down from 11.2 percent a year before. AIR correspondent reports that the RBI said the steadfastly pursued recognition, repair and resolution has resul...
August 28, 2019 8:50 PM
The Union Cabinet has relaxed Foreign Direct Investment rule for foreign single-brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters after the Union Cabinet meeting in New Delhi, Commerce and Industry Minister Piyush Goyal said that 100...
August 28, 2019 9:20 AM
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