Page 170 - Finance News

Tax on helicopter services for religious travel down at 5%: Uttarakhand FM

The 54th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is currently underway

Online gaming industry eyes relief as stakeholders await GST Council review

GST Council Meet: The gaming industry is hopeful that the meeting will address concerns over issues such as valuation, retrospective tax levies, and the impact of the new tax regime

GST Council set to meet today, talks on rate rationalisation to kick off

GST Council Meet: The Goods and Services Tax (GST) Council is expected to deliberate on a host of issues on Monday, including the taxation of insurance premiums and rate rationalisation

US slowdown impact: Rupee may dip on risk aversion; Fed uncertainty remains

The Reserve Bank of India likely intervened on multiple occasions last week to support the rupee

Fada to approach lenders requesting caution while funding dealers

Dealers' body has written twice to SIAM raising alarm bells over unsold inventory which amounted to 70-75 days valued at Rs 77,800 cr in August

Several banks oppose draft LCR circular, say may affect loan growth

Claim it will impact retail deposits as 90% are digitally linked

PNB Housing plans to raise up to $125 mn in Q3: MD & CEO Girish Kousgi

In FY25, Kousgi expects the share of borrowing via ECB, NHB, NCDs, and CPs to slightly increase, while bank borrowings will come down

Lending takes turn for U: How new credit platform can be a game changer

Moving pieces need to be synchronised for Unified Lending Interface to work

GST Council to deliberate on taxation of insurance premium, online gaming

The deliberations will also happen with regard to the goods and services tax (GST) cut on life insurance premium

NaBFID MD says infra loan losses low, questions RBI's 5% provision proposal

"Where is 5 per cent coming from? Actually it (NPAs on infra loans) is less than 1 per cent," Rai said addressing the annual Fibac event here

Forex reserves jump $2.3 billion to fresh record of $683.9 billion

For the week ended August 30, foreign currency assets, a major component of the reserves, increased by $1.485 billion to $599.037 billion, the data showed

Banks to set up a Unified Recovery Interface to enhance efficiency

IBA mulls special apprenticeship scheme for banking sector

Rupee second-worst performing Asian currency against US dollar in Aug

Indian currency has depreciated by 0.6 per cent in this financial year

Rupee opens 2 paise higher at 83.95 against US dollar during early trade

An upward movement in the international crude oil prices, negative domestic equity markets and outflow of foreign capital capped gains in the local unit

Strong fundamentals keep growth story intact: RBI guv Shaktikanta Das

"The potential of external demand can be leveraged by integrating into global supply chains," he said

Provide more employment opportunities to women, RBI Guv Das tells banks

In his inaugural address at the Annual FIBAC 2024 Conference organised jointly by Ficci and IBA, Das said India's female labour force participation remains lower than the global average

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

India's shrinking balance of payments surplus keeps rupee near record lows

RBI has been regularly intervening in the forex markets on both sides, leading to rupee holding a narrow range

Rupee rises 4 paise to 83.97 against US dollar during early trade

Forex traders said an overall drop in crude oil prices and foreign fund inflows aided investor sentiments

Virat Kohli top taxpayer among sports stars; Sachin, MS Dhoni follow

'Captain Cool' MS Dhoni, now retired from international cricket and seen only in the IPL, was the second-highest taxpayer among cricketers