Page 100 - Finance News
Can GST rate rationalisation make India's tax system truly simple?
The Union government plans to propose GST rate and slab cuts to the GST Council. Can this reform make India's indirect tax system truly simple?
 "Can GST rate rationalisation make India's tax system truly simple?")
RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy
NBFCs may shift funding strategy as RBI eases bank lending norms, reducing risk weight on microfinance loans. Banks are likely to prioritise top-rated NBFCs before expanding credit
 "RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy")
India's venture capital funding rises 43% to $13.7 billion in 2024
report noted that the consumer technology, software and SaaS (including generative AI), and fintech sectors attracted over 60 per cent of the total funding
 "India's venture capital funding rises 43% to $13.7 billion in 2024")
RBI asks lenders to widen scope of reporting offshore swap trades
Reserve Bank of India has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products
 "RBI asks lenders to widen scope of reporting offshore swap trades")
Govt may restore merchant charges on UPI, RuPay transactions for big firms
The government is reviewing a proposal to reintroduce merchant discount rates (MDR) on UPI and RuPay transactions for large businesses, aiming to ease the financial strain on banks
 "Govt may restore merchant charges on UPI, RuPay transactions for big firms")
Rupee gains 1 paisa to 87.30 against US dollar during early trade
However, volatile domestic equity markets amid fear of recession in the US and trade-related uncertainties impacted investor sentiment adversely
 "Rupee gains 1 paisa to 87.30 against US dollar during early trade")
RBI may have concerns about my leadership, says IndusInd MD & CEO
Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth
 "RBI may have concerns about my leadership, says IndusInd MD & CEO")
Rupee sees worst fall in 2 weeks to close at 87.34 against US dollar
The Indian unit was the worst-performing Asian currency on Monday. The rupee has depreciated by 4.5 per cent in the current financial year (2024-25)
 "Rupee sees worst fall in 2 weeks to close at 87.34 against US dollar")
RBI will push payment systems innovations with soft touch regulations: Guv
The areas are soft-touch regulations to continue promoting innovation, promote awareness generation, and more efficient cross-border payments
 "RBI will push payment systems innovations with soft touch regulations: Guv")
Irdai lets insurers to undertake transactions in bond forwards for hedging
The Reserve Bank has recently issued directions specifying that any entity, eligible to be classified as a non-retail user shall be eligible to undertake transactions in Bond Forwards
 "Irdai lets insurers to undertake transactions in bond forwards for hedging")
Bank of India to engage advisor for crafting deposit growth plans
The competition for deposits is expected to remain intense as banks focus on increasing deposit growth and prevent it from constraining credit off-take
 "Bank of India to engage advisor for crafting deposit growth plans")
Social media accounts accessed only in search, survey ops: I-T official
The official rejected claims made in some reports and opinion pieces that the tax authorities have been granted additional powers to breach the passwords of electronic records, including email
 "Social media accounts accessed only in search, survey ops: I-T official")
Emerging Asian currencies dip with stocks as investors avoid risk
Risk aversion picked up across financial markets on Monday, with investors buying gold, the yen and the Swiss franc due to concerns the period of US economic strength may be ending
 "Emerging Asian currencies dip with stocks as investors avoid risk")
Rupee plunges 30 paise to 87.25 against US dollar during early trade
A subdued domestic equity market and uninterrupted outflow of foreign funds also put pressure on the local unit
 "Rupee plunges 30 paise to 87.25 against US dollar during early trade")
RBI's rate cut outlook drives investors to bet on Indian bonds gain
After its first easing in five years last month, the Reserve Bank of India may deliver another 25 basis points cut in April, followed by at least one more reduction this year
 "RBI's rate cut outlook drives investors to bet on Indian bonds gain")
It would help if MFIs were to get better funding: Sa-Dhan ED & CEO
The Ordinance has excluded Reserve Bank of India (RBI)-regulated entities (REs) which are in this business
 "It would help if MFIs were to get better funding: Sa-Dhan ED & CEO")
Waiting for a fair wind: Shadow bank risks persist despite RBI relief
Consumer credit exposures of commercial banks and NBFCs (excluding housing, education, vehicle loans and loans secured by gold and gold jewellery) still attract a weighting of 125 per cent
 "Waiting for a fair wind: Shadow bank risks persist despite RBI relief")
Building the bonds of Viksit Bharat: A leap towards India's vision
Budget reforms will redefine the financial system by fostering inclusion, competition, and efficiency. Financial institutions will benefit from enhanced market depth and improved liquidity
 "Building the bonds of Viksit Bharat: A leap towards India's vision")
CCI's draft conduct rules place restrictions on employee investments
The antitrust watchdog has said that the draft rules are meant to strengthen the regulatory framework governing vigilance administration in the Commission
 "CCI's draft conduct rules place restrictions on employee investments")
RBI's buy-sell swap strategy incentivising corporates to raise funds abroad
Firms may tap overseas mkt to raise funds
 "RBI's buy-sell swap strategy incentivising corporates to raise funds abroad")