The recent flood in Jammu and Kashmir has severally affected the life and livelihood of lakhs of people in the flood affected areas. The aftermath situation is very severe which requires enormous relief work. Share on: whatsapp
MCA asked for Registration of DSC of Directors with MCA
Companies which do not have any of their Directors/Signatory details registered in the MCA21 system and who are desirous of filing DIR-3C Form are requested to get atleast one authorised signatory registered by contacting the concerned Registrar of Companies. Instructions…
PNB cuts rates on long-term deposits
Punjab National Bank (PNB), the country’s second largest PSU lender, on Friday cut deposit rates on longer maturities for amounts more than Rs. 1 crore and less than R10 crore. Deposits for maturity of 271 days and less than one year…
Forex reserve went down for 5th week by $2.75 billion: RBI
Continuing its downward trend for the fifth consecutive week, the foreign exchange reserves went down by $2.754 billion to $311.427 billion in the week to October 3, led by a major fall in non-US currency assets, according to data released…
FinMin begins Budget exercise
The finance ministry on Friday initiated the budgetary exercise for 2015–16, seeking inputs from government ministries and departments. “The Budget circular for 2015–16 is hereby issued, containing the timelines for submission to the finance ministry, along with prescribed formats,” stated an office memorandum. The…
RBI may allow FIIs to buy more government bonds in two years
The Reserve Bank may look at lifting cap on foreign holding of government debt in two years, once the economy has reached its potential growth rate, Governor Raghuram Rajan has said. “The RBI will remove limits on foreign participation in the…
RBI’s clarification on free transactions at other bank ATMs
The Reserve Bank of India on Friday clarified that the total number of free-of-charge transactions (inclusive of both financial and non-financial) at other bank ATMs would continue to remain at five a month if the transactions are carried out at…
Growth to pick up from 5.6% in FY15 to 7% in FY17: Citigroup
India’s growth rate is expected to improve to 7 per cent by FY 2017, while inflation and the current account deficit are likely to moderate in the coming years, a Citigroup report said. According to the global financial services major, the Indian economy had faced high…
Tax relief on transfer of technical manpower in SEZs
The income tax (I‑T) department has allowed profit-linked tax deductions to new Special Economic Zone (SEZ) units upon transfer of technical manpower up to 50 per cent from an existing unit — a further relaxation from 20 per cent allowed earlier in…
India, Japan to sign advance-pricing agreement to untie tax hassles
India and Japan will soon sign an advance-pricing agreement (APA), a move that will provide certainty to investors at a time the country is looking to attract big Japanese investment. “I am happy to mention here that APA between India and Japan in a particular…
IRDA may allow insurers to deal with equity derivatives
The Insurance Regulatory and Development Authority (Irda) is looking to allow insurance companies to deal with equity derivatives. Irda has already allowed insurers to deal in rupee interest rate derivatives, including Forward Rate Agreements (FRAs), Interest Rate Swaps (IRS) and Exchange Traded Interest Rate Futures. The…