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Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh...

24 Aug 2019 1:42 AM IST

Defence Minister Nirmala Sitharaman will also have one-on-one meetings with Governor N N Vohra and Chief Minister Mehbooba Mufti. (Photo: PTI)

Auto gear shift

Siam also welcomed the assurance that a vehicle scrappage policy will be announced soon.

24 Aug 2019 1:42 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore,...

23 Aug 2019 8:09 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

Super-rich tax withdrawn; home, auto loans to be cheaper: FM...

Finance Minister proposed the government's plan on bringing tax reform to end harassment of taxpayers.

23 Aug 2019 6:14 PM IST

The stance of countrys first family in not listening to SCs order on Rafale deal case petition can be termed as, with due respect, amazing audacity, Defence Minister Nirmala Sitharaman said. (Photo: ANI)

Prepare for new challenges, protect Indian cos from abuse by global...

FM Nirmala Sitharaman flagged the issue of competition sans frontiers and at times, its adverse impact on Indian...

23 Aug 2019 3:04 PM IST

So every now and then, we get these fantastic cases which have fantastic amounts and claims. They have dimensions to the competition law which many countries -- which are so-called free economies -- are struggling to understand and disaggregate so that they can handle each aspect for itself, Sitharaman said. (Photo: ANI)

Finance Minister Sitharaman calls upon regulators to catch up with new...

She said India is rapidly transforming into new economy in globalised world, which calls for strict regulatory...

23 Aug 2019 1:34 PM IST

Finance Minister Nirmala Sitharaman

Will Finance minister act quickly?

The RBI did its part by lowering interest rates recently and has been nudging banks to pass on the rate cut benefits to...

23 Aug 2019 1:21 AM IST

Ajay Tyagi who is a 1984 batch IAS officer assumed office of Sebi chair on March 1, 2017. (Photo: PTI).

Need to examine various issues on 35 pc minimum public shareholding...

Currently, listed companies should have at least 25 per cent public shareholding.

21 Aug 2019 8:07 PM IST

Finance Minister Nirmala Sitharaman

Need to build trust between tax payers and tax administrators:...

This is the 2nd meeting in a series of meetings to be held with tax officials and taxpayers across various cities over...

21 Aug 2019 9:10 AM IST

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

Corporate tax for large companies to be gradually cut to 25 pc:...

The ministry has decided to hold meetings of tax administrators across various Tier II cities in the country.

20 Aug 2019 8:43 AM IST