RBI seeks on payments data storage every fortnight
AMN / MUMBAI Amid concern around data security, the Reserve Bank of India is learnt to have asked payment services firms to provide an update on action taken by them…
Banking system bankrupt, gross NPAs at Rs10.3 lakh crore: Chidambaram
AMN / NEW DELHI Former finance minister and senior Congress leader P Chidambaram slammed the Modi Govt for its poor showing on economic indicators after four years rule, noting the…
RBI amends Gold Monetisation Scheme to make it more attractive
AMN / MUMBAI The Reserve Bank of India (RBI) has made changes in the Gold Monetisation Scheme (GMS) of 2015 to enable people to open a hassle-free gold deposit account.…
Task Force takes pro-active steps to check menace of shell companies
Our Special Correspondent / New Delhi The Task Force on Shell Companies in a drive carried out under the supervision of the Ministry of Corporate Affairs in the Financial Year…
CBIC clears pending GST refunds of over Rs 7,000 cr of exporters
AMN / NEW DELHI Central Board of Indirect Taxes and Customs, CBIC has cleared over seven thousand crore rupees of the pending GST refunds of exporters in the first nine…
Govt set up committee for asset reconstruction companies
AMN / NEW DELHI Union Finance Minister Piyush Goyal has announced setting up of a committee to give recommendations in two weeks on the formation of an Asset Reconstruction Company…
India’s GDP growth is likely to cross 8%: Suresh Prabhu
AMN / NEW DELHI Commerce Minister Suresh Prabhu today said India’s GDP growth is likely to cross eight per cent in the next two years.He said, the government is taking…
Air India seeks Rs 1,000 cr loan to meet urgent capital requirement
AMN / NEW DELHI National Carrier Air India has sought proposals for short-term loans worth one thousand crore rupees to meet its urgent working capital requirements. According to the bid…
Short-term subsidised crop loan to be implemented through DBT mode: RBI
AMN / NEW DELHI Reserve Bank has said that interest subsidy scheme on short-term crop loans of up to three lakh rupees will be implemented through the direct benefit transfer…
IMF welcomes RBI decision to hike repo rate
Terms it as appropriate step in times of rising inflation The International Monetary Fund has welcomed the decision of the Reserve Bank of India to increase the repo rate by…