Finance - general
RBI panel suggests doubling Mudra loan ceiling for MSMEs to Rs20 lakh
19 Jun 2019
The revised loan limits would be applicable to more units once the government approves the proposal for a turnover-based criteria that has been set at Rs5 crore for micro units, up to Rs75 crore for small units and up to Rs250 crore for medium enterprises
New GST return system to be introduced in phases
12 Jun 2019
Anil Ambani claims his group paid Rs35,000 cr to lenders in 14 months
11 Jun 2019
Ambani said the repayments were made in the face of heavy odds as regulatory bodies and courts are yet to pass final orders on claims aggregating to over Rs30,000 crore that are due for more than 5-10 years to various group companies
RBI removes charges on RTGS/NEFT transactions in digital push
07 Jun 2019
While the charges for NEFT are in the range of Re1 to Rs5, and that for RTGS are between Rs5 and Rs50, the move is expected to attract more participants
RBI panel suggests deepening the digital payments ecosystem
04 Jun 2019
The committee, headed by Nandan Nilekani, has suggested that the government take the lead in digitisation of payments besides an increased focus on low value high volume low-cost transactions to achieve a ten-fold increase in digital payment volumes
GSTN unveils draft of new GST return form
23 May 2019
British Steel falls into liquidation after failing to secure funding
22 May 2019
British Steel has already secured government loan of around 120 million pounds ($154 million) and the only option for the government is to take over the business
RBI to create specialised supervisory department
22 May 2019
The merger of its supervisory departments to form a specialised cadre is aimed at strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies
IDFC First Bank reports Rs218-cr Q4 net loss
13 May 2019
Finance panel, bankers discuss credit rating of states
09 May 2019
In the context of horizontal devolution of union taxes among states, bankers said, fiscal discipline, transparency, governance improvements and revenue raising efforts should be factored in appropriately for credit rating of states
India remains top recipient of remittances with $79 bn in 2018
09 Apr 2019
The value of global remittances sent to low-and middle-income countries increased by 9 per cent to $529 billion in 2018, with nearly half of it landing in five countries, including India, the Philippines, Egypt, China and Mexico, World Bank data showed
I-T raids entities linked to Madhya Pradesh CM Kamal Nath
08 Apr 2019
I-T officials from Delhi escorted by CRPF personnel carried out the searches, while reports said the raids had some connection with the Rs3,600-crore AgustaWestland case
RBI plans another $5 billion liquidity injection
02 Apr 2019
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