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K Shankar
January 23, 2017
February 1, 2017 will ring in a new date for the annual budget. It will be delivered soon after a massive demonetization drive that started with a 52-day promise, but is slowly stretching towards 60 and more.
Mail Today Bureau
New Delhi, January 23, 2017
There has been a four-fold jump in the regular "suspicious transaction reports'' from banks and these are now being closely examined.
Mail Today Bureau
New Delhi, January 23, 2017
In order to incentivize banks to extend education loans to students, the Reserve Bank of India has allowed rescheduling of the payment period of such loans due to unemployment of the borrower without treating them as restructured accounts that are included in NPAs.
PTI
Hyderabad, January 23, 2017
Anil Bokil, founder of Pune-based think tank ArthaKranti, who was part of the team that claims to have suggested demonetisation to the government on Sunday said "no fake currency is in circulation in the system" after the note ban.
PTI
New Delhi, January 22, 2017
Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.
PTI
New Delhi, January 21, 2017
Submitting the Budget proposals of the chamber to Finance Minister Arun Jaitley, its President Gopal Jiwarajka also demanded to increase the rebate on interest paid on housing loan by Rs 1.5 lakh from 2017-18.
Reuters
London, January 21, 2017
The cuts affect bankers at managing director and director level in the lender's Global Banking and Markets division, the sources said, declining to be identified due to the sensitivity of the matter.
PTI
New Delhi, January 21, 2017
A day after asking ICICI Bank to give access to Flipkarts e-wallet PhonePe, the RBI-promoted National Payment Corporation (NPCI) did a volte-face today and said it is Flipkarts e-wallet that is in contravention of the interoperability norms under unified payment interface.
Nupur Pavan Bang
January 20, 2017
"Income tax returns are the most imaginative fiction being written today."-Herman Wouk, a Pulitzer Prize winning American author, who is more than 100 years old now. We know that this quotation is quite apt for India. Prime Minister Narendra Modi said in his address to the nation on December 31st 2016 that only about 24 lakh people declare income more than Rs. 10 lakh in India. "Can we digest this? Look at the big bungalows and big cars around you. If we look at any big city, it would have lakhs of people with annual income of more than 10 lakh", he said.
Partha Chatterjee
January 20, 2017
The year 2017 will be a year to watch. Not because I expect some watershed event to happen, but because of what happened in 2016. The last year was eventful to say the least both within India and outside.
Madhav Lal and Mandar Kagade
New Delhi, January 20, 2017
A Budget is essentially an instrument of fiscal policy of the state but it provides an opportunity to read the policy announcements of the government alongside facts and figures, as represented in the budget statements. Consistency is cardinal to policy.
PTI
Mumbai, January 20, 2017
NSE Nifty too cracked below the key 8,400-mark. Banking stocks felt the pinch, and global leads failed to pick up either. After a lower start, the Sensex stayed in the negative space throughout and closed down 274.10 points, or 1 per cent, at 27,034.50, a level last seen on January 10.
Areef Patel
January 20, 2017
The Indian logistics sector is at a crucial juncture. The sector has been emerging globally competitive and transforming fast into an organised framework, but there came a body blow in the form of demonetisation.
Mail Today Bureau
New Delhi, January 20, 2017
Stepping up the heat on tax dodgers, the Income Tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more for clearing credit card dues.
PTI
January 20, 2017
Days after it blocked transactions by its customers on PhonePe, ICICI Bank was today asked by the NPCI to open up "immediately", but the country's largest private sector lender retorted back accusing the Flipkart and Yes Bank-run wallet of following "restrictive practice" and asking for a change before it complies.
BVR Mohan Reddy
New Delhi, January 19, 2017
To promote a cashless economy, government, banks, financial institutions, payment intermediaries and companies will have to work together. All will need to make sure that the transformation of the Indian citizen from cash based economy to a cashless economy happens in a convenient and safe way.
Vipin Aggarwal
New Delhi, January 19, 2017
Shiksha Abhiyan was put in place to focus on improving the quality of education, an essential reform to improve sector outcomes. With higher budget allocation in place, it is very important to devise plans to increase engagement with private sector, which contributes well over 40 per cent of K-12 education in India.
PTI
January 19, 2017
In yet another blow to 'wilful defaulter' Vijay Mallya, Debt Recovery Tribunal on Thursday ordered the SBI-led consortium of banks to start the process of recovering over Rs 6,203 crore, at 11.5 per cent annual interest rate, from the embattled tycoon and his companies in the Kingfisher Airlines case.
DR MAHESH GUPTA
New Delhi, January 19, 2017
The Indian economy was growing at a healthy pace of 7.6%, when the demonetization drive suddenly slowed down the pace of the economy. Liquidity issues are impacting businesses, especially where the cash transactions were dominant. For Example - FMCG Sector, Automobiles, Real Estate etc.
Sarika Malhotra
January 19, 2017
Issue of jobs is top in the list of concerns that the world faces today, Ravi Venkatesan, Chairperson, SVP India said at an event in New Delhi on Thursday. "However, no county has a bigger challenge than India, given the sheer demographics that India has... It's a one million opportunity every month," he added.
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