Page 217 - Nirmala Sitharaman

FM assures bankers they will not be hauled for genuine commercial decisions

Sitharaman also urged bankers to give emphasis on branch based banking and improve customer ease

BS Insurance Round Table 2020: Insurers unnerved by new tax regime

Leaders of the insurance industry bat for 100 per cent FDI in the sector

Why LIC's present governance culture makes it a poor investment bet

IPO plans for the state-owned insurer will reveal weaknesses in its business model

Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Govt 'closely monitoring' impact of coronavirus on economy: Sitharaman

In the wake of the virus outbreak, many airlines, including Indian carriers, have cancelled some overseas flights

SBI Cards & Payment IPO price band fixed at Rs 750-755, opens on March 2

The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. The IPO, opening on March 2 and closing on 4, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares. Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively. SBI holds 74 per cent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 per cent and 10 per cent respectively, SBI Managing Director Dinesh Khara told reporters kicking of the IPO roadshow. SBI Card's market share in terms of the number of credit cards outstanding is 18 per cent. The pure-play credit card company's gross NPA stood at 2.47 per cent in December 2019 compared to 2.44 per cent in March 2019 and 2.83 per cent in March 2018, he said. SBI Card managing director and

Govt asks telcos to submit supporting documents on AGR self-assessment

The ministry, which is implementing the companies law, also said the new web form would facilitate on-screen filing and real-time data validation for seamless incorporation of companies

Time for Int'l community to build new tax regime embracing digitization: FM

The finance minister emphasised on the need for a closer collaboration between revenue agencies to investigate tax affairs of offenders who cross-borders for escaping tax investigation, a tweet said

Nirmala Sitharaman emphasises need to enhance global risk monitoring

The finance minister also highlighted the initiatives undertaken by the Indian government for empowering women such as 'Stand Up India' and STEP scheme

'Vivad se Vishwas': Cases in arbitration abroad eligible, says I-T dept

The income tax department said appeals and writs filed on or before January 31 this year will be allowed to be taken up under the scheme

Efforts on to include G-Secs in global indices soon, says Shaktikanta Das

The development would attract higher foreign flows as many overseas funds are mandated to track global indices

Centre releases Rs 19950 cr GST compensation to states, total at Rs 1.2 trn

In a statement, the finance ministry said Rs 19,950 crore was released to states and union territories on last Monday

Govt to reveal steps on trade issues over coronavirus soon, FM chairs meet

The Finance Minister reviewed the preparedness to deal with issues surrounding the outbreak at a time when several sectors including manufacturing and distribution raised concerns

Coronavirus: Govt announces relief for contractors; oil rallies for 7th day

The announcement came a day after FM held talks with industry leaders on coronavirus-related issues

ICEA writes to FM, major states asking not to hike GST rate on cellphones

The letter alleged that there are "distortions in the GST rate on components" which ICEA finds illogical

Govt moves to take on coronavirus challenge, plays down price rise concerns

Will hold meetings to chalk out action plan; FM plays down price rise concerns

Coronavirus: FM takes stock of trade issues, sees no impact on prices

The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country

AGR dues: Will wait to hear from DoT, says FM Nirmala Sitharaman

"In light of court's orders, the depart­ment is engaging with telcos after the reviews and I will wait to hear from the department to take a position," said Sitharaman.

Telcos' AGR dues: Will decide after hearing from DoT, says FM Sitharaman

Addressing a press conference in Bengaluru, Sitharaman said: "In light of court's orders, the department is engaging with telecom companies after the reviews and I will wait to hear from the dept"

No proposal to merge LIC Housing Finance with any other entity: LIC

The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank