Budget 2017-18 is going to be special as the government is breaking away from the colonial-era tradition of presenting the Union Budget on the last working day of February. Finance Minister Arun Jaitley will present
The public sector banks (PSBs) will need equity worth Rs 1.7 lakh crore by March 2019, which can turn out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.
Taken aback by the sudden move of banks to levy 1 per cent transaction fee on card payments at petrol pumps, the owners will stop accepting plastic money from Monday. “In view of the debit
The demonetisation decision announced by Prime Minister Narendra Modi on November 8 will have a "significant impact" on the country's economy in the near term, but once the transition phase is over, the growth momentum
In its latest attempt to spot and eliminate tax evaders, the government today asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February
The Associated Chambers of Commerce of India (ASSOCHAM) on Sunday said that India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US
The country’s second largest operator Vodafone on Friday launched pocket-friendly SuperHour scheme for its users under which it will offer unlimited 3G or 4G data for one hour at a starting price of Rs 16
Unearthing one of the biggest cases of black funds in Delhi since note ban came in to effect, the Income Tax department has detected a Rs 300 crore shady bullion sale and over Rs six
Google CEO Sundar Pichai on Thursday had an interesting session with the distinguished alumnus at IIT Kharagpur and answered questions from students at an open-air theatre in the campus. The session held at IIT-Kharagpur was
Google CEO Sundar Pichai who is currently in India on a work and personal visit is exuded confidence in India’s development and hoped that the country would dish out big global software companies in the
In its bid to provide a world-class travelling experience to passengers, Indian Railways, the fourth-longest network in the world, is planning to roll out top-notch facilities for new trains. Railways is looking to unveil new
State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will now give Rs 5 off on online buying and paying for cooking gas (LPG). "An upfront
The Reserve Bank of India has given its final go ahead to Vijay Shekhar Sharma’s One97 Communication to launch Paytm Payments Bank Ltd, the company confirmed today. The company is likely to launch with a
Stressing that the supply of currency notes in rural areas was not adequate, the Reserve Bank of India (RBI) today directed banks to send at least 40 per cent currency to their rural branches. "The
As banks move to reduce benchmark lending rates after spurt in deposits following demonetisation, housing, auto and corporate loans are all set to become cheaper.
Reacting to the decision of the Department of Consumer Affairs to make levy of service charge optional or discretionary will affect around 8.5 million employees associated with the food service industry, Riyaaz Amlani, the President
Since Prime Minister Narendra Modi’s big November 8 announcement of currency ban, deposits in Jan Dhan accounts have surged by more than 50 per cent, an official statement said today. "As on December 21, deposits
Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) today hiked prices of petrol by Rs 1.29 a litre - the third increase in a month,
In effort to simplify the process, Pension Fund Regulatory and Development Authority (PFRDA) has taken a big step to make NPS account opening completely paperless. PFRDA in October 2013, had allowed acceptance of e-KYC as
Prime Minister Narendra Modi, in a televised address to the nation on the New Year’s Eve, announced that the government would give the rebate of three and four percent on interest rates to the people
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