Page 139 - Finance News
Authorities book 17 crypto platforms for GST evasion of Rs 824.14 cr
Central GST formations have detected Rs 40.51 crore GST evasion by Zanmai Labs Pvt (WAZIRX), Rs 16.84 crore by CoinDCX and Rs 14.13 crore by CoinSwitch Kuber
 "Authorities book 17 crypto platforms for GST evasion of Rs 824.14 cr")
SBI planning to open 500 new branches across India in FY25: MoS Finance
Of this, 135 new branches have already been opened till October 31, 2024, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha
 "SBI planning to open 500 new branches across India in FY25: MoS Finance")
Insurance premiums may drop if GST Council decides to reduce taxes: FM
Sitharaman said this while replying to the question on whether GST reduction on health insurance will be a step towards making healthcare more equitable
 "Insurance premiums may drop if GST Council decides to reduce taxes: FM")
Make tax collection less intrusive: Prez Murmu tells IRS trainees
The President told the trainee officers that to fulfil their role as administrators, they need to develop systems and processes that are transparent and ensure accountability
 "Make tax collection less intrusive: Prez Murmu tells IRS trainees")
NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026
Asset quality concerns, slowing of bank funding to temper pace
 "NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026")
RBI ballooning NDF position suggests more rupee losses, say bankers
The Reserve Bank of India's aggregate short foreign currency in forwards and futures position jumped three-fold to $49.2 billion from September to October, official data showed on Friday
 "RBI ballooning NDF position suggests more rupee losses, say bankers")
Rupee falls to new low of 84.71 on growth concerns, tracking Asian peers
The rupee depreciated by 0.48 per cent against the dollar in November, following a decline of 0.25 per cent in October
 "Rupee falls to new low of 84.71 on growth concerns, tracking Asian peers")
RBI to weigh growth slowdown, inflation at its MPC meeting this December
A survey conducted by Business Standard revealed that majority respondents believed that the RBI might revise its growth and inflation projections for the financial year
 "RBI to weigh growth slowdown, inflation at its MPC meeting this December")
Governance premium to rise sharply, banks to be put through the wringer
In European banks, you have a supervisory board for governance, another for management of business
 "Governance premium to rise sharply, banks to be put through the wringer")
RBI likely to hold rates for 11th straight time: Business Standard poll
May cut cash reserve ratio, lower growth and inflation projections
 "RBI likely to hold rates for 11th straight time: Business Standard poll")
Growth in bank credit to NBFCs declines sharply to 6.4%: RBI data
Non-food credit increased at slower clip of 12.8% in October compared to 15.5% a year ago, says RBI
 "Growth in bank credit to NBFCs declines sharply to 6.4%: RBI data")
FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter
In the July-September quarter, the inflows grew by about 43 per cent year-on-year to $13.6 billion against $9.52 billion in the same quarter last fiscal
 "FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter")
CBDT extends income tax return filing deadline for FY24 to Dec 15
The due date for furnishing the return of income under section 139(1) of the Income-tax Act, 1961 in the case of an assessee who is required to furnish a report referred to in section 92E, is Nov 30
 "CBDT extends income tax return filing deadline for FY24 to Dec 15")
EPFO Board approves reinvesting 50% ETF redemption proceeds into equity
The board also approved the rollout of the centralised payment system by Dec 31 which will allow pensioners to withdraw money from any branch of any bank nationwide
 "EPFO Board approves reinvesting 50% ETF redemption proceeds into equity")
Regulation-first approach to drive success for fintechs: Paytm founder, CEO
He added that it is the responsibility of entities in the financial services domain to ensure the safety of users through measures involving customer education
 "Regulation-first approach to drive success for fintechs: Paytm founder, CEO")
Closer coordination among regulators key to NBFC stability: RBI DG
The RBI has implemented a scale-based regulatory framework for the NBFC sector, categorising them based on their scale of operations and potential interconnectedness
 "Closer coordination among regulators key to NBFC stability: RBI DG")
RBI may look at OMOs to infuse durable liquidity, say market experts
Government cash balance turns negative; Fx market remains volatile
 "RBI may look at OMOs to infuse durable liquidity, say market experts")
Trade gap, FPI outflows push banking liquidity into deficit after 2 months
The liquidity in the banking system stood at a deficit of Rs 6,956 crore on Monday, according to the latest data from the Reserve Bank of India
 "Trade gap, FPI outflows push banking liquidity into deficit after 2 months")
Credit card spends rise 14.5% in October on festive season purchases
Net addition in cards in October stood at 786,337
 "Credit card spends rise 14.5% in October on festive season purchases")
Business correspondents' body demands higher charges for AePS withdrawals
Faced with a jump in costs and transaction failures, bank agents are demanding an upward revision of per-transaction charges to 1 per cent or Rs 21, whichever is lower
 "Business correspondents' body demands higher charges for AePS withdrawals")