'Non-cooperative' borrower classification simplified - RBI December 23, 2014 18:54
The Reserve Bank of India has changed the definition of a non-cooperative borrower to embrace all those who have the ability to pay but still prevent lenders' attempts to recover their dues, also includes wrong…
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GST bill introduced in Parl December 19, 2014 18:58
Finance Minister Arun Jaitly introduced Goods and Services Tax bill in Parliament. GST bill aimed at minimizing the financial taxation barriers to the business companies and industries. Government is keen to pass this reforms initiative…
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Cabinet approved draft bill for GST December 18, 2014 15:25
Union cabinet yesterday evening cleared decks for Constitution amendment bill for Goods and Services Tax (GST). GST introduction will be a major taxation reform initiative. GST will avoid the overlapping of State taxes and duties.…
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Crude oil price goes low December 16, 2014 16:34
With the effect of weak international economy. Crude oil rates plunged. A barrel now costs less than $60, which is the lowest since may 2009. On Monday, the Organization of the Petroleum Exporting Countries (OPEC)…
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Singapore's GIC helping Vatika Group for Residential project December 15, 2014 19:14
GIC Private Limited, formerly known as Government of Singapore Investment Corporation joined hands with Vatika Group for a residential project in Gurgaon worth of 2000 crore rupees. Vatika Group has its presence in Real Estate…
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"2015: Healthy year for Indian Economy"-Moody's December 10, 2014 16:02
"2015: Healthy year for Indian Economy" Moody's predicted in a report titled "2015 Outlook-Global Credit Conditions" "India will have stronger GDP growth in 2015, which we fore cast at 5-6 percent"-Moody's said As per Moody's…
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Congress nod to insurance bill in select committee: sources December 09, 2014 11:19
New Delhi: Narendra Modi government's reform process got support from the Congress to the Insurance Bill in the Select Committee, said sources. The government has proposed to increase foreign direct investment from 26 per cent…
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Essar Oil loses November 11, 2013 17:23
The oil refinery Essar Oil in the State of Gujarat again lost its case in Supreme Court in getting time to pay Sales Tax dues. Essar Oil’s plea for a rebate on Sales Tax to…
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Nokia's assets get freeze??? October 01, 2013 16:13
The news was into prominence that the Indian authorities have frozen some of Finnish telecom giant Nokia's assets, the company said during Tuesday, in the middle of a 20 billion rupee (S$400 million) tax argue…
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Microfinance Vanishing From AP? September 30, 2013 17:37
AP does not want what United Nations, World Bank, IFC, Swiss and even Government of India wants, exclaims Vijay Mahajan, Founder Chairman of Basix Microfinance. Basicx is working in nine countries. He says “It’s ironic…
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SpiceJet runs into net worth turbulence September 28, 2013 18:11
Airlines have been facing the heat with economic airline SpiceJet struggling to stay afloat. In recent turn of events, rising operational costs have clipped the firm's net worth. This has in turn raised further concerns…
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Stock markets downward slope September 20, 2013 16:59
Stock markets today declined rapidly by 2.7 per cent soon subsequent to the Reserve Bank's advocating war policy announcement in which it moved up the repurchase agreement rate by 0.25 per cent. In fact, the…
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