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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Business

Union Budget 2019: Faster loans, lower interest for MSMEs

Further loans up to Rs one crore will be provided to MSMEs within 59 minutes through a dedicated online portal.

6 July 2019 2:21 AM IST

Startups find that current norms for GST and TDS are blocking significant money.

Business

Union Budget 2019: Start-ups get own channel, easy terms

The Budget proposed to start a television channel within the DD bouquet of channels exclusively for start-ups.

6 July 2019 2:19 AM IST

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Business

Budget may trigger virtuous economic cycle'

Budget has proposed reforms, which are in line with its plan to kick-start domestic and foreign investments boost the...

6 July 2019 2:16 AM IST

The Centre has also decided to modify the present policy of retaining 51 per cent government stake to retaining 51 per cent stake inclusive of the stake of government-controlled institutions.

Business

Union Budget 2019: Disinvestment target hiked to Rs 1.05L cr, PSU...

Centre has been following the policy of disinvestment in non-financial public sector.

6 July 2019 2:13 AM IST

Business

Union Budget 2019: Big tax sops for Gift City to put bourse on growth...

The setting up of Unified regulator will further put GIFT IFSC in a fast track mode.

6 July 2019 2:10 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Business

Union Budget 2019: Option traders get tax relief

Securities transaction tax will now be levied only to the difference between settlement and strike price in case of...

6 July 2019 2:08 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Business

Public holding base hike fuels panic selling

Shares of companies where promoters' shareholding is more than 65 per cent fell sharply.

6 July 2019 2:06 AM IST

People watch finance minister Nirmala Sitharaman tabling the Union Budget 2019-20 on TV sets at a showroom in Patna on Friday. (Photo: PTI)

Business

Union Budget 2019: Steps to pull back NBFCs from trouble

RBI gives Rs 1.34L cr liquidity boost to banks to improve flow of credit.

6 July 2019 2:02 AM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Business

Budget 2019: Little done to address economic slowdown, says FICCI...

FICCI felt there was little done to address the economic slowdown while health and education did not get the required...

5 July 2019 8:01 PM IST

Indias forex reserves have shot up considerably.

Business

Forex reserves hit new high of USD 427.67 billion

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

5 July 2019 7:45 PM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

Budget 2019: KYC norms relaxation, other proposals for FPIs to boost...

Finance Minister Nirmala Sitharaman in the Budget for 2019-20 proposed easing KYC norms for foreign portfolio investors.

5 July 2019 7:32 PM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

Business

Budget 2019: Tax deduction on home loan interest to boost housing...

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled...

5 July 2019 7:17 PM IST