Page 39 - Finance News

Chhattisgarh bags ₹3.1k cr investment proposals in health & tourism sectors

The state received investment proposals worth Rs 3,119.07 crore, including Rs 2,466.77 crore in healthcare and Rs 652.3 crore in hotel and tourism sectors

Rupee holds steady as RBI intervenes to curb pressure from US risks

The rupee closed at 88.69 against the US dollar, a whiskey away from its all-time low of 88.7975 hit on Tuesday

GST invoices getting smarter from October: Here's what you need to know

According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden, and increasing transparency in the return filing process

IBC cases piling up largely due to lack of NCLT Benches, DFS tells MCA

With nearly 15,000 cases pending, the shortage of NCLT benches has raised concerns over prolonged insolvency processes, asset erosion, and delayed resolutions under the IBC framework

RBI pushes for return of unclaimed bank deposits over next 3 months

Balances in savings or current accounts that have not been operated for 10 years, or term deposits not claimed within 10 years from the date of maturity, are classified as 'unclaimed deposits'

Tax clarity for govt staff, DFS releases FAQs on Unified Pension Scheme

The FAQs confirm that the tax incentives applicable to the National Pension System will also extend to UPS, providing certainty to government employees under the new framework

FACE membership grows fourfold to 275 a year after SRO recognition

The association marked its one year of recognition by the Reserve Bank of India (RBI) last month

Adani Group plans leverage cut, sees no dollar bond issue until 2027

The group's next foreign currency bond sale will likely be a dollar bond, said group Chief Financial Officer Jugeshinder Singh

India's borrowing plan for FY26 second half unchanged, says CEA Nageswaran

India plans to borrow 14.82 trillion rupees for the current financial year ending March 31, of which it is scheduled to borrow 6.8 trillion rupees in October-March

Another 25 bps rate reduction best possible option for RBI: SBI study

The Reserve Bank of India (RBI) has already reduced the repo rate by 100 basis points since February

Trump's H-1B visa fee hike poses risk to India's remittances, rupee

The potential dent in remittances could put further pressure on the rupee, which has already been among Asia's worst performers

RBI considers allowing lenders to lock borrowers' phone after loan default

Adequate safeguards key for customer protection

Fintechs set for change as norms for debt collection practices are updated

Stricter collection protocols mean you can't push credit as in the past (its return leg has to be taken into account); business models may have to be tweaked even as fintech funding heads southwards

Govt may raise interest subvention cap beyond ₹26 cr to promote muni bonds

The interest subvention is provided to municipal bodies under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) to make such municipal bonds or muni bonds more attractive

States' salary, pension, interest expenses rise 2.5 times since FY14: CAG

Salaries, pensions, and interest payments on public debt and liabilities are treated as 'committed expenditure'

Desist from spending on festival gifts, Finance Ministry tells CPSEs

The Finance Ministry has asked CPSEs to discontinue the practice of spending on Diwali and festive gifts to ensure judicious utilisation of public resources and fiscal discipline

PFRDA in talks with Sebi to allow pension funds in commodity derivatives

PFRDA chairman S Ramann said discussions with Sebi are underway to allow pension funds to trade in select commodity derivatives, with metals likely to be prioritised

Sebi, RBI in talks to introduce corporate bond index derivatives

Sebi is in talks with RBI to roll out corporate bond index derivatives as part of efforts to expand India's debt market and boost retail and foreign investor participation

RBI pushes banks to slash retail charges, putting billions in fees at risk

In recent weeks, Reserve Bank of India officials have conveyed to banks that it wants a reduction in service charges, including those for debit cards, minimum balance violations and late payments

Don't hesitate to invest more: FM Nirmala Sitharaman to India Inc

Finance Minister Nirmala Sitharaman asked industry to shed hesitation in investing and expand capacities while partnering with the government to skill youth for faster employment