Page 150 - Finance News

Local rural bodies should raise their own resources, says Arvind Panagariya

Several states do not have proper state finance commissions (SFCs) for fund distribution to urban local bodies and panchayati raj institutions

UCBs must strengthen liquidation process to secure depositors: RBI

Registrars of cooperative societies from various states participated in the conference which was attended by RBI and central government officials

Bank deposit growth may struggle to keep pace with credit momentum: S&P

Investors may seek higher risk premium for increased regulatory risk

Rupee stumbles 1 paisa to all-time low of 84.40 against US dollar

At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close

Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy

RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October

Economists say MPC's rate cut in February may not be a done deal

Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band

India's financial regulatory pillars set for a leadership shake-up

Four key positions will become vacant over the next four months, marking a potential reshuffle by the end of the current financial year

Centre may urge states to cut delay in formation of finance commissions

Today's meet may focus on facilitating dialogue to enhance efficiency of SFCs

Some rich nations say trillions of dollars needed to fight climate change

Some developed countries on Wednesday acknowledged that trillions of dollars were urgently needed to address climate change and wealthy nations should continue to lead in providing climate finance.

Five-fold jump in ITR filers with income above Rs 50 lakh in last 10 yrs

76 per cent of income tax collected is from those earning above Rs 50 lakh a year. This has led to reduced tax burden on the middle class

SBI, HDFC Bank, ICICI Bank continue to be systemically important: RBI

RBI had classified SBI and ICICI Bank as domestic systemically important banks (D-SIBs) in 2015 and 2016, respectively. In 2017, HDFC Bank was also classified as a D-SIB

Nation at forefront of digital revolution, fintech speeding payments: RBI

On digitalisation of Indian finance, Patra said micro-level evidence from surveys of Indian banks shows that while all of them have implemented mobile and internet banking

Blue Energy Motors plans to raise $100 million by January, says CEO

Blue Energy, India's first LNG truck manufacturer, was valued at $250 million in its previous fundraising round

SBI, HDFC, ICICI remain Domestic Systemically Important Banks in 2024: RBI

The Central bank said the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 01, 2025

Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22

The meeting assumes significance as states finance ministers would present their recommendations for 2025-26 Budget to be unveiled on February 1, 2025

BharatPe fraud case: HC quashes lookout circular on Ashneer Grover, wife

Justice Sanjeev Narula passed the order on Monday after the court was informed that another bench of the high court quashed the FIR on the same day

Rupee hits new intraday low of 84.40 against US dollar on FPI selling

The Dollar Index rose to 105.83, while the US 10-year Treasury yield climbed to 4.36 per cent

SBI looks to raise Rs 10,000 crore through 15-year infra bonds next week

SBI has previously raised Rs 20,000 crore in infrastructure bonds in the current financial year FY25

Merchandise exports estimated to grow at 1.85% in Oct-Dec: Exim Bank

The non-oil exports will grow 7.39 per cent to USD 91.7 billion, estimates released by the policy bank said

NFRA recommends revising audit standards in line with global norms

The Authority also approved the other 33 Auditing Standards in line with corresponding Global Standards