Page 21 - Harsh Kumar

FinMin extends exports incentive schemes to exports through courier

The e-commerce business in India has seen exponential growth over the last decade and is expected to witness a steep increase in revenues in the coming years

Finance ministry gives GST relief to ad agencies, automobile dealers

Another circular on supply of data hosting services was issued where such services are provided by companies in India to cloud computing service providers located outside India

Maritime Development Fund may set sail with foreign kitty, PSU push

Centre looking for equity commitments to the Rs 30,000 crore maiden fund

Hindustan Aeronautics may be upgraded to Maharatna category by December

This would impact greater operational and financial autonomy to the HAL's board, allowing it to make project investments up to Rs 5000 crore without seeking government approval

India pitches for more info sharing on cross-border payments at FATF

At present, under the Travel Rules of FATF, data relating to the name of the sender, recipient, and the country of origin is recorded in any cross-border financial transactions

Bankers put cash-strapped Vodafone Idea's call for Rs 35K cr loan on hold

Fund-strapped telco says banks have completed techno-economic evaluation, a key step in debt funding process

54th GST Council meet: GoM to decide future of GST compensation cess

Relief to foreign airlines, secretaries panel on IGST

FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25

Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank

Finance ministry plans 'One State, One RRB' policy to boost efficiency

RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24, with a gross non-performing assets (GNPA) ratio of 6.1 per cent - lowest in 10 years

Two more offshore crypto bourses may get nod to resume India operations

The financial intelligence unit is reportedly reviewing requests from four crypto exchanges previously banned for non-compliance with anti-money laundering laws

Finance ministry to sell 6.78% stake in GIC Re for Rs 4,700 crore

Stake sale for non-retail investors begins on Wednesday, retail investors to bid on Thursday

New MSME credit assessment model for PSBs may see March 2025 launch

Credit model goes beyond credit scores, evaluates supply chains, digital footprints

Microfinance industry AUM up 22% at Rs 1.4 trillion till June, shows data

The loan amount of Rs 26,223 crore was disbursed in Q1 FY24-25 through 56.8 lakh accounts, including disbursement of owned as well as managed portfolios

FM Nirmala Sitharaman approves 'Navratna' status for four CPSEs

The Department of Public Enterprises (DPE) in its statement said that Rail Ministry India CPSE had an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore for FY 2023-24

72% Indians believe financial institutions collect more data than required

The survey further added that a resounding 86% of users express a desire for granular control over data sharing

No restrictions for queer community to open joint bank accounts: FinMin

The ministry also said that a clarification in this regard has also been issued by the Reserve Bank of India (RBI) to all the scheduled commercial banks on August 21, 2024

Regional Rural Banks evince interest in going public at meet with FM

"Through the IPO, we aim to enhance our credibility as a prestigious organization to be part of and worth investing in," said a senior executive of an RRB

Foundations laid by PMJDY strong, have even more work to do, says PM Modi

He further added that the life journeys of those who have benefited from this scheme (PMJDY) are very touching and inspiring

Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman

The average balance per account has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Roughly 80 per cent of these accounts are currently active

No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman

'Fresh scheme not compulsory for states'