NEW DLEHI: When Sanjay shah lost his job during the financial crisis more than a decade ago, he was one of thousands of mid-level traders who were suddenly out of work. Shah was soon back in the game, establishing his own fund targeting loopholes in dividend tax laws. In a …
Read More »RBI Monetary Policy Committee to meet this week after new appointments
By: Express Web Desk | New Delhi | October 6, 2020 1:48:18 pm A Reserve Bank of India (RBI) sign is displayed inside the central bank’s headquarters in Mumbai, India, on Thursday, February 6, 2020 (Photographer: Dhiraj Singh / Bloomberg). With the government appointing three members to the Monetary Policy …
Read More »GST Compensation Cessation Will Last Beyond June 2022 to Help States
NEW DELHI: After joining states in the GST Council to extend the applicability of the offset tax on cars, coal and soft drinks beyond June 2022, the Center closed the room for further negotiations on Monday, arguing that the modalities Loan of funds may not be finalized by the panel …
Read More »TCS Market Cap: TCS m-cap Exceeds Rs 10-lakh-crore Mark; second Indian company to do so | India Business News
NEW DELHI: Tata consulting services (TCS) became the second Indian company after Reliance Industries to achieve a market valuation of more than Rs 10 lakh crore on Monday helped by a rally in its share price. In morning trading, the stock was up more than 6 percent ahead of its …
Read More »Nirmala Sitharaman: Rs 20,000 crore compensation to be disbursed to states | India Business News
NEW DELHI: Union Minister of Finance Nirmala Sitharaman on monday he said 20 billion rupees compensation process it will be disbursed to the states. The Center grants a termination of compensation to states for loss of income. The Minister of Finance while addressing the media after the 42nd meeting of …
Read More »Vijay Mallya Extradition: ‘Secret’ Extradition Procedures Underway to Bring in Vijay Mallya: Center Tells SC | India Business News
NEW DELHI: The Center said Monday to Supreme Court that the “secret” extradition process was going to bring the fugitive businessman Vijay mallya to the country but was not aware of their status. The Center also told the superior court that it was not a party to the process. A …
Read More »GST meets to be stormy over the rift of the central-states
NEW DELHI: Today’s GST Council meeting promises to be a stormy affair with the center and opposition-ruled states not only divided on compensation for a “shortfall” in collections, but also on the question of an authority dispute resolution driven by opposition-ruled states. Punjab first echoed the lawsuit shortly after the …
Read More »Cardholders will get more out of the ‘interest on interest’ exemption
NEW DELHI: The government’s decision to waive “interest on interest” during the March-August period loan default period it will benefit everyone with loans of up to Rs 2 crore, but if you have a home loan, especially one that was used several years ago, your savings will not be much. …
Read More »GST meets to be stormy over the rift of the central-states
NEW DELHI: Today’s GST Council meeting promises to be a stormy affair with the center and opposition-ruled states not only divided on compensation for a “shortfall” in collections, but also on the issue. dispute resolution authority being pushed by opposition-ruled states. Punjab first echoed the lawsuit shortly after the Center …
Read More »Grant Thornton Report: Fake Accounts, Fraudulent Borrowers Used to Divert Funds at DHFL, Finds Forensic Audit
Written by Ritu Sarin | New Delhi | Updated: October 5, 2020 7:05:11 am Many borrowers used common addresses and the Bandra Books entities charged a lower interest rate, all of which contributed to the insolvency crisis at DHFL. (File photo) Hundreds of fictitious loan accounts, deposits routed through an …
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