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Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said on Wednesday.Business
Union Budget 2019: More doors opened for FPI, NRI investments

FPIs allowed to invest in listed REITs and InvITs.

6 July 2019 2:25 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.Business
Union Budget 2019: Easier sourcing norms for single brand retail

The budget proposed opening up of aviation, media and insurance while easing FDI norms in single brand retail.

6 July 2019 2:23 AM IST

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

Finance Minister Nirmala SitharamanBusiness
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

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.Business
Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

5 July 2019 9:39 AM IST

Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)Business
Record low FPI investments via Participatory notes

The absolute value of ODI investments fell to a record low of Rs 78,110 crore in FY 2018-19 as against Rs 1,06,403 crore...

5 July 2019 3:03 AM IST

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