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Equity indices open in green, Sensex up 320 points

Equity indices open in green, Sensex up 320 points

10-06-2019  comments

Mumbai (IANS) The key Indian equity indices opened on a positive note on Monday, in line with the Asian stocks, with the BSE Sensex trading 320 points higher.

Both the domestic and Asian investor sentiment strenthened after US President…

Budget may consider sops to MSME export units

Budget may consider sops to MSME export units

10-06-2019  comments

New Delhi (IANS) The Finance Ministry is keen on key employment and export boosting steps to be accomodated in the Budget. It may consider fiscal incentives like interest rate subvention, lower tax rates for upto certain turnover threshold for key…

Assocham proposes to raise taxpayers' exemption limit to Rs 5 lakh

Assocham proposes to raise taxpayers' exemption limit to Rs 5 lakh

09-06-2019  comments

New Delhi (IANS) Industry body Assocham on Saturday said it has proposed to raise the basic exemption limit for individual income taxpayers in its pre-Budget memorandum to the government.

According to the industry body, the basic exemption…

Cut down on contract labour: BSNL to circles

Cut down on contract labour: BSNL to circles

09-06-2019  comments

New Delhi (IANS) State run BSNL, which is trying to overcome liquidity crunch and financial squeeze, has undertaken fresh measures to cut avoidable expenditures on contract labour and do a cost-benefit analysis of the legacy landline and broadband…

India's construction market to emerge third largest by 2025: Arbitrators panel

India's construction market to emerge third largest by 2025: Arbitrators panel

08-06-2019  comments

New Delhi (IANS) By 2025, the construction market in India is expected to emerge as the third largest globally, while construction output is expected to grow on average by 7.1 per cent each year, a panel of arbitrators has suggested.

The opinion…

Demonetisation, Aadhaar spurred digital payments growth: RBI

Demonetisation, Aadhaar spurred digital payments growth: RBI

08-06-2019  comments

New Delhi (IANS) After the demonetisation of Rs 500 and Rs 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your customer (eKYC) resulted in an exponential growth of such payments in the country, according to a new report…

Videocon loan case: ED summons Chanda Kochhar on June 10

Videocon loan case: ED summons Chanda Kochhar on June 10

07-06-2019  comments

New Delhi (IANS) The Enforcement Directorate (ED) on Friday summoned former ICICI Bank Managing Director and CEO on June 10 in connection with the Rs 1,875 crore Videocon loan case, an official said.

The senior ED official told…

RBI overhauls prudential norms for stressed assets' resolution

RBI overhauls prudential norms for stressed assets' resolution

07-06-2019  comments

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday issued new guidelines for dealing with non-performing assets (NPA) after the Supreme Court quashed its February 12, 2018, circular, which had mandated the lenders to start resolution even in…

US dollar rises amid Fed's upbeat beige book

US dollar rises amid Fed's upbeat beige book

06-06-2019  comments

New York (IANS) The US dollar rebounded in late trading on Wednesday, as investors got some relief from the US Federal Reserve's latest beige book, which reported upswings in the country's economic activities.

"Economic activity…

RBI cuts key lending rate to boost growth

RBI cuts key lending rate to boost growth

06-06-2019  comments

Mumbai (IANS) Home and auto loans are set to become cheaper as the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 5.75 per cent.

Besides, the RBI changed the monetary policy…

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