Page 255 - Finance News

Take advantage of surety bonds: Irdai Chairman to infra stakeholders

Surety bond is a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach of contract or other types of non-performance

Surety bonds must complement bank guarantee: Irdai's Debasish Panda

According to Irdai norms, a surety bond is a contract to perform the promise, or discharge the liability, of a third person in case of his default

I-T dept extends ITR filing deadline for charitable trusts till Nov 30

Also, the due date for furnishing audit reports for 2022-23 by a fund, trust, institution or any university or educational institution or medical institution in Form 10B/10BB has been extended

Old pension scheme 4.5 times more costly than the existing NPS: RBI Study

The RBI report comes at a time when five states - Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have announced their return to the OPS for government employees

States reverting to OPS poses significant fiscal risks: RBI paper

However, the RBI clarified that the views expressed in the article are "those of the authors" and do not necessarily represent the views of the central bank

State-owned IREDA partners with BoM to finance renewable energy projects

The collaboration aims to promote and facilitate co-lending and loan syndication for a diverse spectrum of renewable energy projects across the nation, according to a statement

Bank lending to NBFCs jumps 23.6% in July to Rs 13.8 trillion: Report

However, NBFCs' overall borrowings on a month-on-month basis declined 3.3 per cent, primarily due to the merger of HDFC with its subsidiary HDFC Bank from July 1, Care Edge said

RBI bought net $3.47 billion in spot foreign exchange market in July

The RBI said it purchased $5.32 billion and sold $1.84 billion in July. In June, the central bank had bought a net of $4.50 billion in the spot market

Financial frauds accounted for over 75% cyber crimes since 2020: Study

Social media-related crimes such as cheating by impersonation, cyber-bullying, sexting and email phishing accounted for 12 per cent of the online offences during the period, the study showed

High processing fees hindering growth of e-commerce exports: GTRI report

Unlocking India's e-commerce export potential to USD 350 billion by 2030 requires addressing banking issues that hinder growth and increase operational costs

Time limit under GST to claim input tax credit constitutionally valid: HC

Under GST law, the deadline for claiming ITC is November 30

Govt to provide up to 8% interest subsidy for Vishwakarma Yojana: FM

The government has already made a provision of Rs 13,000 crore in the Budget 2023-24, she said during the launch event of the Yojana

Likely to default on monthly repayment? SBI will send you a chocolate

SBI's retail loan book grew over 16.46 per cent to Rs 12,04,279 crore in the June 2023 quarter from Rs 10,34,111 crore in the year-ago period

Sidbi to raise Rs 10,000 cr from rights issue to expand equity capital

The lender's loan growth optimism comes from the demand for direct financing that is growing by leaps and bounds, which two years ago was only 7 per cent of its book but is now 14 per cent

REC clears Rs 6,075 cr loan to Greenko, Rs 3,081 cr to Serentica Renewables

The REC is on a trajectory to achieve a green finance loan book of Rs 3 lakh Crore by the fiscal year 2030, a statement said

Auditors should embrace technology, contribute to nation building: FM

The Finance and Corporate Affairs Minister remarked that the country has progressed at many levels in the last 20-25 years

SAT stays Sebi's directions in open offer for Federal-Mogul Goetze

In a letter dated 30 August, the market regulator appointed MM Nissim & Co as an independent chartered accountant to value the shares of Federal-Mogul Goetze for the open offer

RBI's financial inclusion index printed at 60.1% in March 2023, shows data

The FI Index was introduced in 2021 to capture the extent of financial inclusion throughout the country

GST tribunal to have 31 benches across 28 states and UTs: Finance Ministry

Karnataka, Rajasthan & UP will have multiple benches; UTs, except Delhi, do not have an independent bench

India's forex reserves decline to 11-week low of $593.90 billion: RBI

The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI's reserves