Finance

News: Sharpening focus on infrastructure development to boost growth, government will invest Rs 8.5 lakh crore in Indian Railways to change the face of sector. Minister of State for Finance, has appealed to the opposition parties to help pass the GST bill that will usher in a new indirect taxes regime ...

News: States have been trying to ring in reforms rapidly after the Union government decided to rank them in ease of doing business. An early list compiled by the Department of Industrial Policy and Promotion (DIPP) shows substantial progress, led by Maharashtra. States are competing with each other in showering ...

News: Indian business sentiment fell close to the lows of 2014 in August, a Deutsche Boerse survey said adding there is “strong possibility” that the RBI will go for a rate cut before the September 29 policy meet. As per the report, Indian businesses were less confident about the business environment in ...

News: Banks will disburse about Rs 1.22 lakh crore loan to small business units under Pradhan Mantri Mudra Yojna (PMMY) during the current fiscal. The banking sector has been allocated an overall disbursement target of Rs 1,22,188 crore during 2015-16 for MUDRA loans and the banks have already disbursed Rs 15,566 crore ...

News: Corporation Bank, board has approved capital infusion of Rs 857 crore by the government. Allahbad Bank has also announced that its board will meet on August 28 to consider raising of equity capital of the bank through issue of equity shares on preferential basis to the government. As per the ...

News: India gets its first private bank in 11 years with Finance Minister Arun Jaitley inaugurating Bandhan Bank as a full-fledged scheduled commercial bank, which will now see innovation taking the centrestage to reach out to the unbanked population. Bandhan is the first microfinance company to transform into a bank. ...

News: Government has received investment proposals totalling Rs 90,000 crore in the last two months for electronics manufacturing in the country, with significant interest in making mobile phones by local and foreign firms. India is already the fastest-growing smartphone market and it is now also becoming the fastest growing manufacturing ...

News: To check black money generation, the government approved signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes which will help curb tax evasion and avoidance. The agreement will enable the competent authorities of India and Seychelles to provide assistance through ...

News: The finance ministry on Thursday said that it has launched a portal – Vidya Lakshmi – to provide single window access for students to apply for education loans and government scholarships. The ministry noted that that 13 Banks have registered 22 educational loan schemes on the portal and five ...

News: The government is not planning to raise excise duty on petrol and diesel to mop up gains accruing from oil prices that slumped to six-and- half year low. The government had in four installments raised excise duty on petrol and diesel between November and January to take away the reduction ...