Page 15 - Harsh Kumar

FM Nirmala Sitharaman urges Austrian firms to harness India opportunity

Lays out priority areas like digital tech, infra, RE among others to enhance ties

DIPAM to urge mutual funds to include PSU stocks in their portfolios

To promote inclusivity and enhance the Indian equity market for retail investors, the government also plans to advocate for greater accountability in private sector regarding dividend distributions

Cargo rush as full US President Trump tariffs take effect on Wednesday

According to the US executive order, the tariffs will take effect at 12.01 am Eastern Daylight Time, or around 9.30 am Indian Standard Time

DPE-Dipam merger may be completed in 6 months to streamline operations

The official further explained that the government's new approach to CPSEs has evolved

Finance ministry notifies form ITR-B to report undisclosed income

Form ITR-B allows the assessee to claim TDS (tax deducted at source) and TCS (tax collected at source) credit against undisclosed income

Five-day banking week proposal unlikely to be implemented in FY26

The official further explained that such a change could negatively impact banking services, particularly on Saturdays, which remains a critical day for many customers to complete their banking txns

Govt announces 'One State, One RRB' implementation from May 1, 2025

The new structure is aimed at improving the efficiency of the RRBs and minimising competition among the public sector banks that sponsor them, as part of FinMin's "One State, One RRB" policy

Vegetarian thali costs decline by 3% in March amid falling tomato prices

Vegetable prices remained subdued in March, with those of onion, potato and tomato declining month-on-month due to fresh arrivals

Average Mudra loan size down in Kishore category, up in Shishu segment

Tarun segment also sees an increase in ticket size

Finance ministry asks banks to work on deposit mobilisation strategies

The meeting was chaired by the Department of Financial Services (DFS) Secretary M Nagaraju with the PSB chiefs and select private sector banks

No fee for updating nominees in PPF accounts: FM Nirmala Sitharaman

Previously, it had been reported that financial institutions were charging a fee for updating or modifying nominee details in PPF accounts

Assocham urges RBI to hold rates, advises 'wait and watch' approach

Assocham president Sanjay Nayar emphasised that the RBI has already injected liquidity into the market through various measures

Govt appoints Sivasubramanian Ramann as the next PFRDA chirperson

Ramann, who is currently serving as the deputy comptroller and auditor general (CAG) and chief technology officer at the CAG of India, has been appointed for a tenure of five years

Shishu account share drops sharply as Kishor loans surge: SBI PMMY Report

The average ticket size of the loans has nearly tripled - Rs 1.02 lakh in FY25, Rs 72,000 in FY23, from Rs 38,000 in FY16

FinMin to hold review meeting with banks on Thursday on govt schemes

The meeting will be chaired by the Department of Financial Services secretary M Nagaraju

ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case

ED investigation revealed that M/s Lakhani India Limited and group companies had jointly defrauded Indian Overseas Bank, Punjab National Bank and Allahabad Bank by misappropriation

New financial year set to bring key tax, pension, and MSME reforms

The new income tax slabs under the new tax regime have been modified to increase the basic exemption limit from ₹3 lakh to ₹4 lakh

ED arrests Vijay R Gupta of Vindhyavasini Group in loan fraud case

The investigation revealed that Gupta formed over 40 shell companies to divert and siphon off the loan proceeds, hiding his tracks and avoiding personal contribution to the financing

Ecommerce boosts MSME financing, eases loan access: Icrier survey

In contrast, the report said that access to markets and finance are the most significant challenges confronting non-integrated MSMEs in India

No major lapses found in gold loan portfolios of PSBs after audit: FM

Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill by voice vote