The RBI has also asked all banks for details of the LoUs they had written, including the amounts outstanding, and whether the banks had pre-approved credit limits or kept enough cash on margin before issuing
Trump has last week signed two proclamations that imposed 25 per cent tariff on imported steel and 10 per cent on aluminium, a move that is likely to foment a global trade war.
The move, though unrelated, also comes at a time when the role of auditors have come under the lens in the wake of the nearly Rs 12,700 crore Punjab National Bank (PNB) scam, the biggest
The revenue department, on the other hand, has argued that there are discrepancies in forms submitted by exporters with the customs department and those with the GST Network (GSTN).
The centre has decided to push electrical mobility in a big way as it is environment-friendly and will also reduce dependence of oil imports, said a letter written by Power Minister R K Singh to
"Lot of companies world over have a policy of not allowing more than two senior executives flying together. We are also thinking of putting the same policy in operation for our offshore operations," a senior
The US administration recently announced imposition of tariffs on imported steel and aluminium, citing national security concerns and the need to protect American industries from “unfair” business practices, triggering fears of a global trade war.
Airports Authority of India, too, signed an agreement with French engineering company Egis for conducting study of three airports in the country — Lucknow, Pune and Trichy.
According to the minister, a dedicated team would be established in Invest India for hand-holding French companies to invest and succeed in this country.
The airline has also signed a ten-year Rate per Flight Hour (RPFH) agreement with CFM Services that covers all LEAP-1B engines powering SpiceJet's 737 MAX planes.
Jaitley said the current system of GST return filing has been extended by three months. Besides, tax exemptions to exporters have also been extended by six months to September.
Passport details will help banks take timely action to prevent fraudsters from fleeing the country. Several big defaulters like Nirav Modi, Mehul Choksi, Vijay Mallya and Jatin Mehta have fled putting the recovery mechanism in
The first option is related to the Market Assurance Scheme, which proposes procurement by states and compensation for losses up to a certain extent of the MSP after procurement and price realisation out of sale
The sentiment swing also manifested in institutional flows into equities in India with both foreign investors and domestic institutions selling and buying in two sessions each of the week, during the first four sessions for
The RBI said that the action was based on deficiencies in regulatory compliance and was not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
The situation of rising yield has also been aggravated with the bond yields going through the roof. Bond yield in India have jumped by close to three times than what it rose in the US.
US President Donald Trump has imposed heavy tariffs on imported steel and aluminium, sparking fears of a global trade war. Trump signed two proclamations that levied a 25 per cent tariff on steel and a
Over the past few years, as the overall economy struggled, there was a drift of negativity about Indian shopping malls being able to sustain and were ‘going to be out of fashion’. As it was,
There has been a significant increase in stressed assets, which has led to a decline in fresh lending. Lending from banks to Indian firms declined by 5.2% in FY17 against a growth of 2.8% in
Data released by the Association of Mutual Funds in India show that in February, the gross sales across equity schemes of mutual funds declined by Rs 11,935 crore or 26 per cent over those witnessed