Business News

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RBI to banks: Keep penalty on balance shortfall reasonable

The RBI said banks should not take undue advantage of customer difficulty or inattention.

Asset quality dips: Gross NPAs of public banks cross 5%

Sectorally, bad loans in small and medium industries saw a sharp jump at 7.18 per cent in September 2014.

Increase credit flow, act without fear or favour: FM to banks

Department of financial services secretary, Hasmukh Adhia, also asked banks to encourage solar and non-conventional energy.

Rupee tanks to 8-month low on Dollar demand from oil firms

The fall in the Sensex also impacted the rupee sentiment.

‘To attract investors, India needs to ensure predictability in rules’

South Carolina Governor Nikki Haley, has successfully pushed manufacturing in her state in the US, says that India now needs to make things predictable for investors to come and invest.

Shroff brothers of law firm Amarchand Mangaldas to first give mediation a try

According to Chidambaram, the best way to deal with the issue was to put the 52,000 units of equity in a suspense account and also set aside the profits attributed to these in a separate account.

Japan’s economy slides into recession as sales tax hike takes toll

Deepens global uncertainty as growth slows in China and remains nearly flat in the 18-country euro zone.

Launching today: New KVP promises to double investments in 100 months

While initially KVPs will be sold only through post offices, it will later be available at designated branches of nationalised banks.

‘Skill development, unorganised sector are top priorities’

Underlining skill development and improving employability of labour as his key priorities, newly appointed minister of state (independent charge) for labour Bandaru Dattatreya said that he will especially focus on the unorganised sector workers.

In the fight against black money, cyber security remains a weak link

India remains without an end-to-end cyber security system for its government including one for the PMO.

Govt to relax exit option for FDI in real estate

Currently, investors are permitted to exit on completion of the project or after three years from the date of final investment.

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At G20 talks, India to come out strongly against ‘mandatory’ arbitration for tax

The issue of international arbitration for tax figures on the agenda of the talks on Base Erosion and Profit Shifting.

Aviation ombudsman: Raju asks ministry to examine feasibility

A senior ministry official said that the setting up of the body could take another four months after presenting the proposal before the Cabinet and receiving a go-ahead.

GST issues: Still no consensus between Central govt, states

The Bill that was introduced by the UPA government in 2011 in Parliament has lapsed and the new government has to introduce it again.

Kelkar panel for PSC regime, market-based gas pricing

Final report indicates that the potential impact of the initiatives proposed by the panel over 15 years could lead to annual savings of $70-80 billion in import bill.