Finance ministry has directed United Bank to initiate an inquiry into the misreporting of bad loans.
Finance Minister P. Chidambaram’s Interim Budget has retained the tax on ‘super rich’.
Private PF trusts are floated by companies, including multinational firms.
CAD is estimated to be about $36 bn in FY14, while fiscal deficit is likely to be at 4.68% of…
PPF deposits, saving deposits and certificates witness a revival, thanks to the volatile markets.
With upcoming LS Elections, India?s wait for upgrade in its rating could be pushed back to October.
A higher wage cap is expected to provide social security benefits to at least 50 lakh more workers.
The term of the Fourteenth Finance Commission is likely to be extended by at least three months.
Drug Controller General to start system of sudden inspections of manufacturing facilities of pharma cos.
The bond buyback programme is likely to be off market so as not to disturb the bond yields or disrupt…
At least 3 banking licences, one each to corporate, NBFC and microfinance, likely.
Bharatiya Mahila Bank has been urged by finance ministry to be more aggressive and ambitious in its expansion activities.
Govt to roll out key economic policies before code of conduct sets in.
Bharatiya Mahila Bank has chosen to do away with collateral for loans availed by fairer sex.
BJP says UPA govt tried to pass the buck on RBI for its failure to check inflation.
EPFO has increased its interest rate for 2013-14 to 8.75%.
Baba Ramdev said that the BJP has not retracted its support from his tax proposals.
As on September 30, 2013, gross non performing assets of banks stood at Rs 2,29,007 crore.
