BUSINESS AWAAZ

Hiring musclemen to recover loans illegal: Kerala HC

Kerala High Court has held that the practice of banks and financial institutions authorizing musclemen to recover loans from borrowers is illegal. Considering an appeal filed by a detective agency complaining non-payment of commission by a public sector bank, the court noted that engaging private agencies to recover loans is certainly to harass and intimidate … Continue reading Hiring musclemen to recover loans illegal: Kerala HC

LED bulb procurement price dropped to Rs 55

The LED bulb procurement price has dropped to 55 rupees in the latest bid. Informing this while speaking at a function in New Delhi , Power minister Piyush Goyal said, it is 83 per cent reduction from 310 rupees which was the price twenty months back. The new price was discovered after a bidding process … Continue reading LED bulb procurement price dropped to Rs 55

CPI(M) opposes FDI in E-Commerce Retail

AMN Opposing Modi government decision to allow 100 per cent FDI in e-commerce retail, Communist Party of India (Marxist) has termed it as an outright surrender to the interests of big foreign e-commerce retail firms. “This is clearly announced to appease foreign capital on the eve of PM Modi’s US visit. It is also a … Continue reading CPI(M) opposes FDI in E-Commerce Retail

SC asks SEBI to sell Sahara’s real estate assets to recover investors’ dues

AMN The Supreme Court today asked market regulator SEBI to initiate the process of selling 87 unencumbered properties of Sahara group, to generate the bail money for release of its chief Subrata Roy. A three-judge bench headed by Chief Justice T S Thakur also asked the regulator not to sell any of the properties below … Continue reading SC asks SEBI to sell Sahara’s real estate assets to recover investors’ dues

Govt to provide sufficient funds to recapitalise banks: Arun Jaitley

Union Finance Minister Arun Jaitley today said that banks have an important role to play in achieving the higher growth rate in the country. Mr. Jaitley was speaking after inaugurating the Sydney Branch of the Union Bank of India in Australia today. He also added that Government will provide sufficient funds to recapitalise public sector … Continue reading Govt to provide sufficient funds to recapitalise banks: Arun Jaitley

Govt permits 100% FDI in online market places

The government today permitted 100 per cent FDI in the market place model of e-commerce retailing under automatic route. The decision is aimed at attracting more foreign investments. As per the guidelines issued by the Department of Industrial Policy and Promotion (DIPP) , the FDI has not been allowed in inventory-based model of e-commerce. At … Continue reading Govt permits 100% FDI in online market places

SEBI hikes FPI investment limit for govt debt

Markets regulator, the Securities and Exchange Board of India, Sebi today decided to increase the Foreign Portfolio Investors (FPI) investment limit in central government securities to Rs 1,40,000 crore from April 4. This will boost inflows of foreign funds into Indian capital markets. It will be further increased to Rs 1,44,000 crore from 5th of … Continue reading SEBI hikes FPI investment limit for govt debt

Income-tax return forms to be notified early April

Finance Ministry is likely to notify by the first week of April new income tax return ITR forms for assessment year 2016-17. They will be similar to the one filed by assessees last year. Income Tax Department in June brought out simplified tax return form for salaried class, which had a space for IFSC code … Continue reading Income-tax return forms to be notified early April

India brightest economic spot with high growth rate: PM Modi

TIA NEWS / Prime Minister Narendra Modi today said that India was world’s brightest economic spot with low inflation, a low balance of payments current account deficit and a high rate of growth. He said this was a result of fiscal prudence, sound policies and effective management. Addressing the Bloomberg India Economic Forum in New … Continue reading India brightest economic spot with high growth rate: PM Modi

Jaitley warns wilful defaulters to pay dues or face coercive action

In a stern warning to wilful defaulters, Finance Minister Arun Jaitley has said that they should settle their dues honourably with the banks or else be ready to face coercive action. In an interview to a News Agency, Mr Jaitley said, it is a responsibility of large groups like Vijay Mallya’s to honourably settle their … Continue reading Jaitley warns wilful defaulters to pay dues or face coercive action

Ad
Ad
Ad

MARQUEE

3000-year-old relics found in Saudi Arabia

Jarash, near Abha in saudi Arabia is among the most important archaeological sites in Asir province Excavat ...

Instagram co-founders quit

WEB DESK The 2 co-founders of Instagram have resigned, reportedly over differences in management policy with ...

Ad