BUSINESS AWAAZ

Banks reduce lending rates; Home and Car loans to be cheaper

AMN Hours after the Reserve Bank announce rate cut, country’s largest public sector bank SBI slashed its lending rate by 0.40 per cent to 9.3 percent. The bank in a statement said that with the reduction in the base rate, all loans including home, auto and corporate, would become cheaper by at least 0.40 per … Continue reading Banks reduce lending rates; Home and Car loans to be cheaper

RBI cut in policy rate by 0.5%; Keeps CRR unchanged at 4%

Reserve Bank of India, RBI, has announced cut in policy rate by 0.5 per cent to 4-year low of 6.75 per cent. However, it kept Cash Reserve Ratio,CRR unchanged at 4 per cent. The apex Bank unveiled its fourth bi-monthly monetary policy for the current fiscal today. RBI says inflation is expected to reach 5.8% in … Continue reading RBI cut in policy rate by 0.5%; Keeps CRR unchanged at 4%

Sensex responds positively to RBI Rate Cut

Following the Reserve Bank’s rate cut, the Sensex at the Bombay Stock Exchange recovered smartly from initial big losses, and had gained a good 304 points, to 25,921 in afternoon trade, a short while ago. Earlier in the morning, ahead of the RBI’s monetary policy announcement, the Sensex had plunged 309 points. Similarly, the Nifty … Continue reading Sensex responds positively to RBI Rate Cut

Revenue Secretary holds meeting to seek industry views on tax policies

Revenue Secretary Hasmukh Aadhia, has started holding detailed meetings from today onwards with industry and business representatives of major national chambers in order to generate new ideas for tax policy reforms for the next budget. Mr Adhia today held first meeting with Confederation of Indian Industry CII delegation. Similar meetings will be held with other … Continue reading Revenue Secretary holds meeting to seek industry views on tax policies

Govt ready to dilute stake in PSU banks to 52%: Jaitley

TIA NEWS / Finance Minister Arun Jaitley today said that government was working on a slew of sectoral reforms, including a new law on fast track arbitration, in a bid to address the stressed areas of the banking sector. Speaking at the 68th Annual General meeting of the Indian Banks’ Association (IBA) held in Mumbai … Continue reading Govt ready to dilute stake in PSU banks to 52%: Jaitley

Due date for filing returns not extended, clarifies CBDT

The Central Board of Direct Taxes, CBDT has clarified that the government has not extended the due date for filing of returns and audit report due by 30th of this month. In a statement CBDT said, it has been brought to the notice that a fake order is in circulation, which states that the last … Continue reading Due date for filing returns not extended, clarifies CBDT

FMC merges with SEBI; Jaitley rang customary bell for amalgamation

AMN / Union Finance Minister Arun Jaitley today formalised the first ever merger of two regulators, over 60-year-old commodities regulatory body Forward Markets Commission (FMC)  and the younger but much bigger capital markets watchdog Exchange Board of India (SEBI). The formal merger ceremony took place in Mumbai today in the presence of Union Finance Minister … Continue reading FMC merges with SEBI; Jaitley rang customary bell for amalgamation

SEBI orders attachment of 134 properties of Saradha Realty India Ltd

Capital markets regulator SEBI has ordered attachment of 134 properties of Saradha Realty India Ltd, a West Bengal-based firm and its chief Sudipta Sen to recover 774.3 crore rupees collected illegally from investors along with other dues and the applicable interest. The properties being attached include land parcels, buildings, flats, resorts, as also furniture, televisions, … Continue reading SEBI orders attachment of 134 properties of Saradha Realty India Ltd

Investment scams: SEBI tightens surveillance on public media platforms

Concerned over a spurt in investment scams perpetrated through SMSes, WhatsApp and social media, Securities and Exchange Board of India (Sebi) has beefed up its surveillance on such platforms. It is seeking greater co-operation from mobile and internet service providers, as well as banks, so that no genuine investor is taken for a ride. Sebi … Continue reading Investment scams: SEBI tightens surveillance on public media platforms

US tech titans make big promises for India during PM Modi visit to Silicon valley

AMN / Top technology titans in United State have promised several initative for India when they met Prime ministe Narendra Modi in Silicon valley yesterday. Google has assured PM to set up base for free Wi-Fi at 500 railway stations in India while Microsoft promised to take low-cost broadband technology to five lakh villages across … Continue reading US tech titans make big promises for India during PM Modi visit to Silicon valley

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SPORTS

Chirag Shetty, Adcocks take Pune to 2nd consecutive win at PBL 2020

HSB / Lucknow Thailand Open men’s doubles champion Chirag Shetty played a pivotal role alongside world ch ...

Awadhe Warriors look for their first home win at PBL 2020

HSB / AMN / Lucknow The Awadhe Warriors will look to bounce back to form when they take on the Mumbai Rocke ...

Table Tennis: Setback for Gujarat as Trisha’s heroics put Assam on top

AMN / Hyderabad Reigning women champions Bengal A did not need a second invitation as they held sway in Gr ...

ART & CULTURE

Jaipur Literature Festival begins

By A Correspondent / Jaipur The Jaipur Literature Festival has commenced here today. Chief Minister of Raj ...

Difference between World Hindi Day and Hindi Divas

WEB DESK There is some confusion over World Hindi Day and Hindi Divas. We must know the difference between ...

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MARQUEE

IRCTC to operate Golden Chariot luxury train from March 2020

AMN The Indian Railway Catering And Tourism Corporation, IRCTC, will operate and manage luxury train, Golden ...

Qutub Minar glitters amid LED illumination

  QUTUB MINAR Staff Reporter / New Delhi The historic Qutb Minar came alive ...

CINEMA /TV/ ART

Shabana Azmi to be discharged from hospital soon

WEB DESK Actress Shabana Azmi, who was injured in an accident on the Mumbai-Pune Expressway recently can b ...

Filmi Titbits-3: SRK shares Math video, actor says it has solved many of his problems

WEB DESK Shah Rukh Khan has shared a viral video, which was earlier shared by businessman Anand Mahindra. T ...

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