Finance - general
Modi launches pension scheme for small traders and self-employed
12 Sep 2019
Together, the pension schemes for farmers and traders and self-employed will benefit around 80 million people in the country, ensuring a monthly assured pension of Rs3,000 for each
Fintech panel proposes cash flow based lending to MSMEs
03 Sep 2019
The committee has also suggested a special drive for modernisation and standardisation of land records by setting up a dedicated National Digital Land Records Mission besides use of modern tools by all lending agencies
Task force on direct tax code submits report
20 Aug 2019
The task force, headed by Principal Chief Commissioner of Income Tax, Akhilesh Ranjan, is reported to have recommended significant relief for taxpayers, including an across-the-board 25 per cent tax rate for corporates and a new 5-20 per cent slab to benefit middle and upper middle class
IMF chief Christine Lagarde to succeed Mario Draghi as ECB president
03 Jul 2019
Lagarde, who successfully used her diplomatic skills to steer the IMF out of the policy muddle following the 2008 financial crisis, will now be pitched into an economic power house that is split between anti-austerians and expansionists as president of the ECB
ED attaches Sterling Biotech assets worth Rs9,778 cr in bank fraud case
27 Jun 2019
Promoters of Sterling Biotech diverted loan funds for non-mandated purposes, layered and laundered through a web of multiple domestic as well as offshore entities, siphoned off loan funds to finance their Nigerian oil business, and even used these for their personal purposes, the ED stated
RBI wants all payment system data to be stored within the country
27 Jun 2019
While there is no bar on processing of payment transactions outside India, if so desired by the payment system operators (PSOs), RBI said such data should be deleted there and brought back to India within 24 hours
RBI panel recommends handholding of MSMEs
26 Jun 2019
The committee wants the government to make it mandatory for PSUs/government departments to procure the mandated 25 per cent from MSEs through the GeM portal and further develop the portal as a full-fledged market place for MSE sellers
Govt claims success with its banking sector reforms
26 Jun 2019
Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry