Write-offs for banks stood at 0.2 per cent and for NBFC MFIs at 1.7 per cent.

Sharp rise in MFI delinquency rate in Assam in Q3

The overall write-offs as of December 2019 stood at 1.4 per cent of the portfolio, 10 bps higher than the previous quarter.

27 Feb 2020 4:31 AM

According to industry, IRDAI had found that indemnity cover was a service more than a product and did not want life insurers to sell them as their core competency is not providing health cover.

Life insurers can soon offer health insurance policy

IRDAI (Health Insurance) Regulations 2016 allows Life Insurance Companies to offer benefit-based health insurance products only.

26 Feb 2020 6:56 AM

The US is expected to be India’s largest merchandise trade partner for the second straight year in FY20. While Indo-US trade continues to grow, Chinese trade has shrunk even before coronavirus started affecting the shipments.

US likely to be India’s top trading partner for 2nd year

Till the end of December quarter, at $68 billion, India’s bilateral trade with the US has gone up above $64 billion with China.

24 Feb 2020 2:39 AM

RBI devises new plan for fin inclusion

Financial literacy modules should be used for orientation of children, young adults, women, new workers, entrepreneurs, senior citizens etc.

24 Feb 2020 2:36 AM

E-commerce contributed 12 per cent to the total international sales of Walmart and this was led by Flipkart and online grocery sales in several markets.

Flipkart key contributor to Walmart global sales

Flipkart has launched PhonePe as a payment option at Walmart’s “B2B Cash & Carry” stores in India.

20 Feb 2020 3:58 AM

Commerce minister Piyush Goyal (Photo: File)

Exporters not keen on GSP restoration

Exports to US goes up after withdrawal of benefits.

20 Feb 2020 3:47 AM

Retail real estate grabbed $970 million PE funds in 2019 against $355 million in the previous year, registering a growth of 173 per cent. Overall PE inflows into Indian retail touched $2.8 billion in the five years between 2015 and 2019.

PE funds put more money into malls

PE funds’ investment into retail real estate grew almost three-fold in 2019 over the previous year.

14 Feb 2020 2:03 AM

The 10 mega integrated textile parks will be developed in 1,000 acres of land closer to the ports. This will give plug-and-play facilities, including safeguard measures in the labour laws, textile secretary Ravi Capoor said on Thursday during a meeting of the Confederation Indian Textile Industry (CITI).

Textile industry seeks basic means before mega parks

According to Sanjay Jain, former chairman of CITI, scale of production is a major problem for the Indian textile industry.

14 Feb 2020 2:01 AM

While the country attracted FDI valued around $286 billion in the past five years across sectors, defence and aerospace, which were projected as high potential sectors under ‘Make in India’, could grab only a measly Rs 1,834 crore, according to government data released on Monday.

Defence, aerospace get Rs 1,800 cr FDI in 5 years

The government had also announced two defence corridors-- in Tamil Nadu and Uttar Pradesh.

11 Feb 2020 4:17 AM

The government had formulated a draft National Tourism Policy in 2015-16, but is still, hold your breath, seeking cabinet approval.

5 years and tourism policy is still on way to cabinet

The last time the tourism sector had a national level policy was in 2002, nearly two decades ago.

11 Feb 2020 4:12 AM

Consumers significantly value the benefits of e-health over the traditional outpatient care system across pharmacy, consultation, and diagnostics categories.

E-health to grow multi-fold to $16 billion by FY25

Out of this 60 million, 4.3 million are already using e-health.

10 Feb 2020 5:45 AM

The DPI would be based on multiple parameters and shall reflect accurately the penetration and deepening of various digital payment modes.

Digital Payments Index soon

The index will be made available from July 2020.

07 Feb 2020 2:04 AM

This exemption will be available for incremental credit extended up to the fortnight ending July 31, 2020. (Representational image)

Realtors happy with relief, but wanted rate cut

However, the sector has been looking forward for rate reduction and better transmission of rates to push demand at the consumer level.

07 Feb 2020 2:00 AM

This amendment will take effect from April 1, 2021 and will, accordingly, apply in relation to the assessment year 2021-22 and subsequent assessment years.

Non-taxpaying NRIs will be taxed as Indian residents

The Budget also proposed to reduce the period of stay in India to 120 days from 182 days earlier for PIOs to be categorised as NRIs.

02 Feb 2020 5:43 AM

Archaeological sites to be developed into iconic sites

In this context, the Budget proposed to develop five archaeological sites as iconic sites with onsite museums.

02 Feb 2020 4:26 AM

It has mooted data centre parks throughout the country and outlaid `8,000 crore over a period five years for the National Mission on Quantum Technologies and Applications.

Data Centre Parks to come up across country

In this regard, she proposed to bring out soon a policy to enable private sector to build Data Centre parks throughout the country.

02 Feb 2020 4:23 AM

The private healthcare sector and medical equipment manufacturers have something to cheer about this year's budget.

Viability gap funding set to cheer up private health sector

The viability gap funding window will be provided to hospitals which are setting up centres in tier II and III cities.

02 Feb 2020 4:20 AM

Finance minister takes care of many concerns of MSMEs

According to the minister, more than five lakh MSMEs have benefitted from restructuring of debt permitted by RBI in the last year.

02 Feb 2020 4:02 AM

The Budget has proposed to refund exporters duties and taxes levied by Central, state and local governments. The Budget also assured to review Rules of Origin requirements in imports from countries enjoying Free Trade Agreement benefits.

Exporters all set to get tax refunds

Under the NIRVIK scheme, the insurance guaranteed could cover up to 90 per cent of the principal and interest.

02 Feb 2020 3:34 AM

Many of these are local requirements, such as burdensome documentation for police clearance to open a restaurant.

Doing business is still not easy, Eco Survey reveals

Setting up and operating services or manufacturing business in India faces a maze of laws, rules and regulations, finds the survey.

01 Feb 2020 2:11 AM

Sangeetha G