World

Sensex slips 32.82 points to 40,560.98 in opening session; Nifty at 11,918.35 | Markets News

MUMBAI: S&P benchmark Sensex and Nifty fell flat as the markets opened on Tuesday amid mixed global cues. Around 09:15 AM, the Sensex slipped 32.82 points to 40,560.98 in the opening session, while the Nifty was down 12.60 points at 11,918.35. About 390 shares advanced, 447 shares declined, and 52 shares are unchanged. UltraTech Cement, Shalby and Bharti Airtel were ...

Read More »

GST Council meet: No consensus yet on compensation dues, says FM Nirmala Sitharaman; 12 states accept Centre’s solution | Economy News

New Delhi: Finance Minister Nirmala Sitharaman on Monday (October 12) said that 12 states have accepted the Centre’s solution on the Goods and Services Tax (GST) compensation dues, while there’s no consensus on the issue yet. The GST Council meeting was held today after the previous meeting, on October 5, had also ended in a deadlock over the issue. The ...

Read More »

Modi govt’s big festive gift: LTC cash voucher scheme, Rs 10000 advance for central govt employees | Personal Finance News

New Delhi: In what could give a major boost to the government employees, Finance Minister Nirmala Sitharman on Monday announced a host of schemes.  The Finance Minister said that the Centre will launch `LTC Cash Voucher Scheme` and `Special Festival Advance Scheme`. The Finance Minister also announced a special festival advance of Rs 10,000 for all gazetted and non gazetted ...

Read More »

Good news on RTGS fund transfer! Service to be available 24X7 from December 2020 | Personal Finance News

New Delhi: The Reserve Bank of India on Friday said that Real Time Gross Settlement System (RTGS), used for large value transactions, will be made available round-the-clock from December 2020. Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month. Announcing the bi-monthly ...

Read More »

GST Council to discuss compensation cess on Monday | Markets News

New Delhi: As the GST compensation cess issue still remains unresolved with around 10 opposition-ruled states and Union Territories not agreeing with the Centre`s borrowing proposals, the GST Council, consisting of all state Finance Ministers and headed by the Union Finance Minister, will meet on Monday to discuss and try to reach to a consensus on the matter. The last ...

Read More »

HDFC Bank’s bumper festive offer for rural customers – Check details on tractor, two-wheeler, Kisan gold loans | Personal Finance News

New Delhi: HDFC Bank on Friday launched its festive offers for the semi-urban and rural customers in India. The HDFC ‘Festive Treats’ is the Bank’s annual financial services dhamaka through the Government of India’s Common Service Centres (CSC) network. Through the network of 1.2 lakh village level entrepreneurs (VLEs) enrolled with CSC, customers in these locations can avail of offers ...

Read More »

RBI keeps interest rate unchanged in its bi-Monthly Monetary policy: Here is how Industry leaders reacted | Economy News

New Delhi: The Reserve Bank of India on Friday kept the key policy rates unchanged in its bi-monthly Monetary Policy review. The central bank announcing the outcome of its bi-monthly Monetary Policy rates on October 9 said that it has decided to keep the repo rate unchanged at 4 percent and the reverse repo rate at 3.35 percent. RBI will ...

Read More »

Can’t extend loan moratorium period, may affect credit creation in economy: RBI to Supreme Court | Economy News

The Reserve Bank of India (RBI) filed a fresh affidavit in the loan moratorium case and told the Supreme Court that it cannot give more time as relief for sectors hit by the coronavirus pandemic. In the affidavit, RBI also stated that it is not possible to extend the moratorium period beyond six months. Explaining its reason, RBI said that exceeding ...

Read More »

Swiss bank accounts: India gets details under automatic info exchange framework | Economy News

New Delhi/Berne: India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government’s fight against black money allegedly stashed abroad. India is among the 86 countries with which Switzerland’s Federal Tax Administration (FTA) has exchanged information on financial accounts ...

Read More »