Decision is going to have a major impact on the small and marginal players, largely unorganised, in low-value high volume segment of medical devices industry

Syndicate Bank Q3 results: The net interest income, the difference between interest earned and interest expended, for the December quarter of the ongoing fiscal was pegged at Rs 1,871.39 crore

RBI has invited comments on the draft framework from all stakeholders by February 25

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The top three profit making PSUs including ONGC, Indian Oil and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively, to the total profit earned by all profitable CPSEs

As per RBI, an amount equivalent to the incremental credit outstanding from the fortnight beginning between 31 Jan-31 July, 2020 will be eligible for deduction from NDTL for a period of five years from the date of origination of the loan

Creation of global sized banks through consolidation will facilitate Modi government's resolve to make India a USD 5 trillion economy by 2024-25, says Minister of State for Finance Anurag Singh Thakur

Sitharaman's comments assume significance in light of five-fold hike in deposit insurance coverage announced in her Budget speech earlier this month and recent introduction of insolvency solutions for financial institutions

Indirect Tax proposal by FM Sitharaman: In order to curb abuse of the Free Trade Agreements (FTA), suitable provisions are being incorporated in the Customs Act and a review of the Rules of Origin requirements shall be undertaken for import of sensitive items. Here's all the takeaways

RBI Monetary Policy: In a bid to ensure sufficient liquidity in the system, the apex bank has decided to conduct term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of Rs 1 lakh crore at the policy repo rate

A new breed of tech-savvy players is targeting niche lending segments not covered by banks and traditional NBFCs. Their journey is not without challenges

A dozen experts interpret Budget 2020 and its impact

China has successfully completed building 2 emergency hospitals in Wuhan, the epicentre of the deadly Coronavirus. Known to construct buildings in record time, China has done it again. Within 10 days, the two hospitals have been made ready to admit patients.  The Huosheshan Hospital was thrown open on Feb 3, as decided. The virus has quickly become an epidemic in China and has spread to 24 countries too. Watch the video for more.Also Watch: India gets 3rd virus case; New tax proposals may hurt MSMEs

Coronavirus, which was limited within the boundaries of Wuhan China, has now spread to more than 24 countries with more than 360 deaths confirmed in China. India has recently reported its third case of novel Coronavirus today. Meanwhile, the government has brought back more than 600 Indians by air from the Chinese city which is the ground zero of the outbreak;  Buried in the Finance Bill -- the document that lists changes in tax laws - this year, is a proposal that might hit businesses, especially exporters, hard. Budget 2020 proposes a seller should collect 0.1 per cent as tax collected at source (TCS) from a buyer on sale of goods worth more than Rs 50 lakh in a year, if the sellers own sales exceeds Rs 10 crore during the year; Life Insurance Corporation (LIC) unions have reportedly decided to stage a series of protests against the government's decision to sell a part of its holding in the life insurer by initial public offering and more news on News Blast.Also read: LIC IPO: 5 things to know about the upcoming share sale Also watch: Budget 2020: Investors will now pay DDT, not companies  

BSNL, MTNL VRS scheme: Employees opting for VRS will have to wait till FY21 for duesBharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) employees, who have opted for voluntary retirement scheme (VRS) scheme, will have to wait for next fiscal year i.e. FY21 (2020-21) to get their dues. The reason for this delay is because the Union Budget 2020 has not made any provisioning for any disbursement towards the programme in the FY20 (current fiscal year).Travel bans in virus...

The government on Saturday proposed a new levy of 1% TDS (tax deducted at source) on e-commerce transactions, a move that could increase burden on sellers on such platforms

Tax experts say this is an extremely harsh and retrograde provision which has been introduced without much thinking

Budget 2020: FM Sitharaman said that government will involve youth in fishery extension through 3477 Sagar Mitras and 500 Fish Farmer Producer Organisations (Fish FPOs)

This increase in import duties that is intended at discouraging companies from importing components and goods from outside India and encouraging them instead to replace them with goods that are manufactured in India, is on expected lines

Budget 2020: Experts believe that the forthcoming fiscal will be a better year in terms of consumption and economic growth, but it will be a gradual growth story