Page 190 - Finance News

'Finance Commission to tackle issues of freebies, green cover compensation'

This is the first state consultation and the commission would visit other states before deciding the parameters on which the recommendations would be based

Major inflows via JP Morgan bond index inclusion yet to materialise: HSBC

Indian government securities have seen inflows of $10.4 billion since the index inclusion announcement in September 2023

Andhra govt gives approval to teacher recruitment, welfare pensions hike

Information and Public Relations (I & PR) Minister K Parthasarathy said the Cabinet gave an assurance to all sections of people that the state government would implement all the poll promises

GST Council's tax norm tweaks may ease burden on general insurers

According to insurance industry officials the decision is a big solace for the insurance & reinsurance industry as no tax can be levied on co-insurance premium and reinsurance commission

SLBCs can boost financial inclusion if synergy with govt improves: RBI DG

As part of aspirational goals for RBI's centenary, referred to as RBI@100, he said, among these targets are deepening financial inclusion and expanding credit availability

RBI's rate panelists see growth risks, call for rate cut to sustain economy

The views of the three members show increasing concern among policymakers about momentum in Asia's third-largest economy

Dip in non-investment grade paper marks improved balance sheets of firms

Category has lower share than before among rated instruments

Rupee sees range-bound trade against US dollar during morning deals

Strength of the American currency in the overseas market and elevated crude oil prices also weighed on the local unit

7 years of GST: Households emerge top beneficiaries, shows CBIC data

Finance Minister Nirmala Sitharaman said: "I want to reassure the assessees that our intent is to make GST assessees' life easier. We are working towards lesser compliance"

Taxpayers can now amend sales return form GSTR-1 before GST payment

GST taxpayers will now have the option to amend outward supply or sales return form GSTR-1 before payment of taxes for a month or quarter.

CNG price in national capital, adjoining cities hiked by Re 1 per kg

CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg

GST Council likely to mull on online gaming, reduce tax on fertiliser

The council may also discuss the recommendations made by the Standing Committee on Chemicals and Fertilisers in February to reduce GST on nutrients and raw materials

Budget 2024: FM vows Centre's support to states via timely tax devolution

At the pre-budget meeting with state finance ministers, Nirmala Sitharaman also nudged states to take advantage of the scheme under which the Centre gives 50-year interest free loan to states

Govt considers tax reductions as part of $6 billion consumer boost

Officials in the Ministry of Finance have discussed proposals to reduce taxes for consumers with the highest propensity to spend

Ireda raises Rs 1,500 crore via bonds, oversubscribed by 2.65 times

State-owned Indian Renewable Energy Development Agency (Ireda) on Friday said it has raised Rs 1,500 crore through a bond issue, which was oversubscribed by 2.65 times.

Prestige Estates Projects approves $599 million fundraise via stake sale

"The monetizing bid largely means that Prestige will seek greater value for hospitality biz and will likely go for an initial public offering," said Karan Khanna, a research analyst at Ambit Capital

PFRDA to allow subscribers to keep 50% investment in equity upto 45 yrs age

PFRDA chairman Deepak Mohanty on Friday said the NPS balance lifecycle scheme that is designed to effectively manage both risks and returns may be launched in July or August

Get InvITs under purview of bankruptcy law: SBI MD Ashwini Kumar Tewari

He elaborated that at present, the primary responsibility of an InvIT or a special purpose vehicle under it is towards the trust holders and there are "gaps" which need to be filled

Bankers back BPCL Rs 32k cr loan, cautious on Vodafone Idea's Rs 23k loan

Bankers sentiments differ on loans sought by state-backed oil giant BPCL and telecom major Vodafone Idea, which cumulatively amount to Rs 55,000 crore

Securitisation volumes back to historic high after HDFC twins' merger

Housing finance company accounted for 23% of the FY23 volumes of around 1.8 trillion