Economic Times India

Updated: 34 sec ago

RBI says it will issue Rs 50 banknotes signed by Governor Shaktikanta Das

Tue, 04/16/2019 - 19:42 - [CET]
The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi new series, the RBI said.
Newsitem placed in category: ECONOMY AND FINANCE

ADB committed highest-ever USD 3 billion in sovereign loans to India in 2018

Tue, 04/16/2019 - 13:53 - [CET]
Private sector operations reached USD 3.14 billion, a 37 per cent increase from 2017, which is 14.5 per cent of ADB's overall commitment.
Newsitem placed in category: ECONOMY AND FINANCE

FY19 oil import bill could be highest under Narendra Modi

Mon, 04/15/2019 - 14:47 - [CET]
The latest estimates are based on increase in global crude oil prices from the second half of March, when prices reached a new high in 2019.
Newsitem placed in category: ECONOMY AND FINANCE

Govt eyeing Rs 50,000-cr of public procurement through GeM in FY'20

Mon, 04/15/2019 - 10:58 - [CET]
Public procurement of the Central and State governments runs into over Rs 2 lakh crore annually.
Newsitem placed in category: ECONOMY AND FINANCE

Financial, operational creditors recover nearly half of total claims in 88 insolvency cases

Sun, 04/14/2019 - 13:29 - [CET]
Claims totalling a little over Rs 1.42 lakh crore were admitted in 88 cases under the IBC till February 28, data collected by the Insolvency and Bankruptcy Board of India (IBBI) showed.
Newsitem placed in category: ECONOMY AND FINANCE

NPCI mulls using blockchain solution to strengthen digital payments

Sun, 04/14/2019 - 09:50 - [CET]
Promoted by 10 banks in India under the aegis of the IBA, it aims to become the "best payments network globally". Presently, 56 banks are shareholders of NPCI.
Newsitem placed in category: ECONOMY AND FINANCE

Direct tax target may be scaled down in Budget

Fri, 04/12/2019 - 17:52 - [CET]
The revised target for the current fiscal would be discussed and detailed before it makes it to the final print of the general Budget in July this year.
Newsitem placed in category: ECONOMY AND FINANCE

RBI injected Rs 2.98 lakh crore liquidity in 2018-19

Thu, 04/11/2019 - 20:40 - [CET]
RBI also conducted long-term foreign exchange buy/sell swaps of US$ 5 billion for 3 years on March 26, 2019.
Newsitem placed in category: ECONOMY AND FINANCE

Direct tax mop-up may fall short of Rs 50,000 crore in FY'19, says official

Tue, 04/09/2019 - 13:54 - [CET]
The target for GST collection was revised downwards to Rs 6.44 lakh crore from the Budget Estimate of Rs 7.44 lakh crore.
Newsitem placed in category: ECONOMY AND FINANCE

India meets fiscal deficit target of 3.4% via spending cuts

Tue, 04/09/2019 - 12:17 - [CET]
The government missed the tax collections target by over 1 trillion rupees ($14.41 billion), including about 500 billion rupees shortfall in income tax receipts, said the source, who requested anonymity.
Newsitem placed in category: ECONOMY AND FINANCE

Reserve Bank of India issues norms for banks to set up currency chests

Mon, 04/08/2019 - 17:48 - [CET]
The new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.
Newsitem placed in category: ECONOMY AND FINANCE

PFS partners USICEF for financing solar projects

Sun, 04/07/2019 - 12:44 - [CET]
"As part of it, we have partnered with USICEF to leverage these funds for the most promising, investment-ready distributed solar projects in India," PFS said in a release.
Newsitem placed in category: ECONOMY AND FINANCE

Retail loan securitisation volume sees two fold growth in FY19

Fri, 04/05/2019 - 17:24 - [CET]
“Almost 70% of the volume of securitised assets that were sold by NBFCs were in the second half of the financial year 2018-19,” said Krishnan Sitaraman, senior director CRISIL.
Newsitem placed in category: ECONOMY AND FINANCE

If voted to power, home loan EMIs would become cheaper than house rent: Finance Minister Arun Jaitley

Fri, 04/05/2019 - 08:14 - [CET]
Jaitley said the Narendra Modi government has not increased tax rates in the last five years, but has still been able to double the tax base and increase tax collection.
Newsitem placed in category: ECONOMY AND FINANCE

Now, Fitch flags high joblessness, rural distress

Thu, 04/04/2019 - 14:48 - [CET]
Fitch said the Reserve Bank will be on hold for the remainder of 2019 after Thursday's second consecutive 0.25 percent rate cut.
Newsitem placed in category: ECONOMY AND FINANCE

Government meets fiscal deficit of 3.4% in 2018-19

Thu, 04/04/2019 - 09:44 - [CET]
The fiscal deficit had exceeded the full year target for the last fiscal by 34.2 per cent at the end of February.
Newsitem placed in category: ECONOMY AND FINANCE

Centre justifies certification of Finance Bill, 2017 as money bill; SC reserves verdict

Tue, 04/02/2019 - 16:05 - [CET]
A five-judge Constitution bench headed by Chief Justice Ranjan Gogoi said, "Hearing concluded. Order reserved".
Newsitem placed in category: ECONOMY AND FINANCE

Fiscal Deficit target looks closer on high GST mop-up

Tue, 04/02/2019 - 04:09 - [CET]
This uptick in GST collections comes even as rates were cut on a number of products during the year.
Newsitem placed in category: ECONOMY AND FINANCE

Govt can fund cash dole-outs with bonds or higher taxes: Report

Mon, 04/01/2019 - 16:05 - [CET]
It said a 6.4 percent increase in direct tax mop up can help offset the increase in the Center's fiscal deficit, adding such a hike will have to be done on both individual and corporate tax rates.
Newsitem placed in category: ECONOMY AND FINANCE

FY19 direct tax collections fall short by Rs 50k cr

Mon, 04/01/2019 - 11:08 - [CET]
The target of personal income tax of Rs 5.29 lakh crore was not met by almost the same shortfall amount of Rs 50,000 crore.
Newsitem placed in category: ECONOMY AND FINANCE

Note ban triggers record 14-times high generation of suspicious transaction reports linked to tax crimes: FIU

Sun, 03/31/2019 - 13:41 - [CET]
This is the highest-ever figure of STRs since the FIU first started the regime over a decade ago.
Newsitem placed in category: ECONOMY AND FINANCE

GST officers prodding businesses to deposit taxes by March 31 to meet fiscal target

Sun, 03/31/2019 - 10:11 - [CET]
This practice of prodding assessees to pay taxes by March end to meet the fiscal target was also prevalent during the erstwhile excise and service tax regime.
Newsitem placed in category: ECONOMY AND FINANCE

RBI sets NBFC-MFIs' average base rate at 9.21% for April-June

Fri, 03/29/2019 - 17:28 - [CET]
The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.
Newsitem placed in category: ECONOMY AND FINANCE

Trade deficit pushes CAD to 2.5 per cent of GDP in Q3

Fri, 03/29/2019 - 15:39 - [CET]
In absolute terms, the CAD, or the gap between inflow and outflow of foreign exchange in the current account, was USD 16.9 billion in the October-December 2018 period.
Newsitem placed in category: ECONOMY AND FINANCE

India's April-February fiscal deficit at 134% of FY target

Fri, 03/29/2019 - 13:56 - [CET]
April-February fiscal deficit touched Rs 8,51,000 crore, or 134.2 percent of the budgeted target for the current fiscal year, government data showed on Friday.
Newsitem placed in category: ECONOMY AND FINANCE

CBDT asks I-T Department to probe about 3 lakh de-registered firms for money laundering

Fri, 03/29/2019 - 07:43 - [CET]
A senior official said the board has inputs that a number of these companies possibly indulged in tax crimes.
Newsitem placed in category: ECONOMY AND FINANCE

Finance Commission chief makes case for institutional mechanism to check fiscal deficit

Thu, 03/28/2019 - 17:58 - [CET]
Finance Commission Chairman N K Singh also said fiscal federalism is a dynamic process and 'a Work in Motion'.
Newsitem placed in category: ECONOMY AND FINANCE

PE, VC investment in India at USD 20.5 billion in 2018: Report

Thu, 03/28/2019 - 10:34 - [CET]
The funding in 2018 was the same as the investment in the preceding year, the assurance, tax and advisory firm said.
Newsitem placed in category: ECONOMY AND FINANCE

Direct tax collection falls short, CBDT raises alarm

Thu, 03/28/2019 - 07:24 - [CET]
CBDT frames policy for the I-T dept and is also its controlling authority that functions from the North Block.
Newsitem placed in category: ECONOMY AND FINANCE

Centre seeks PSUs’ help to meet FY19 revenue targets

Thu, 03/28/2019 - 03:34 - [CET]
“Banks have been requested to deposit tax deducted in March it self,” said an official privy to the communication sent to public sector banks.
Newsitem placed in category: ECONOMY AND FINANCE

Currency in circulation as percentage of GDP declines since DeMo: FinMin official

Wed, 03/27/2019 - 13:26 - [CET]
In terms of GDP, notes in circulation declined from 11.55 per cent as on November 8, 2016, to 10.48 per cent as on November 8, 2018.
Newsitem placed in category: ECONOMY AND FINANCE

'Rahul's minimum income plan's annual cost Rs 3.6 lakh cr'

Mon, 03/25/2019 - 17:55 - [CET]
Under the 'Nyay' scheme, Gandhi said the Congress will provide Rs 72,000 per annum to 20 per cent poorest families in the country.
Newsitem placed in category: ECONOMY AND FINANCE

Technology in Investment Management – Friend or Foe?

Mon, 03/25/2019 - 07:03 - [CET]
Newsitem placed in category: ECONOMY AND FINANCE

Bitter NPA pill for Renuka Sugars’ lenders

Mon, 03/25/2019 - 03:11 - [CET]
RBI seeks NPA tag for the account, refusing to recognise change of ownership a year after Wilmar acquired majority stake in the firm
Newsitem placed in category: ECONOMY AND FINANCE

Disinvestment receipts beat target

Sat, 03/23/2019 - 04:23 - [CET]
As against a target of Rs 80,000 crore for disinvestment for the current year, the divestment receipts have touched Rs 85,000 crore today.
Newsitem placed in category: ECONOMY AND FINANCE

Govt exceeds disinvestment target this fiscal, proceeds touch Rs 85,000 crore

Fri, 03/22/2019 - 13:21 - [CET]
Govt has mopped up Rs 9,500 crore from the fifth tranche of CPSE ETF and Rs 14,500 crore from the REC-PFC deal.
Newsitem placed in category: ECONOMY AND FINANCE

Attempts to subsume South-South cooperation in global aid architecture not helpful: India

Fri, 03/22/2019 - 09:25 - [CET]
South–South cooperation is about developing countries working together to find solutions to common development challenges.
Newsitem placed in category: ECONOMY AND FINANCE

India one of world's fastest growing large economies: IMF

Fri, 03/22/2019 - 06:40 - [CET]
Details about the Indian economy would be revealed in the upcoming World Economic Outlook (WEO) survey report.
Newsitem placed in category: ECONOMY AND FINANCE

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