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Economy

Central Bank of India to sell NPA’s worth Rs 3300 crores

March 5, 2019March 5, 2019 - by Abdul

Central Bank of India have decided to put non-Performing assets(NPA) worth Rs 3,300 crore on sale under the SARFESI Act.These assets are also under the National Company law tribunal(NCLT) resolution …

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Economy

Mallya row: SEBI seeks changes to Companies Act

March 5, 2019March 5, 2019 - by Abdul

Capital markets regulator,Securities Exchange Board of India(SEBI) has requested the government to amend the Companies Act to ensure that a director declared by Sebi as a disqualified person should immediately …

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Economy

Bring LPG conversion kits under 5% GST: IAC

March 5, 2019March 5, 2019 - by Abdul

Indian Auto LPG Coalition (IAC)has appealed for a reduction in the goods and services tax (GST) rates on LPG conversion kits for automobiles from the current 28% to 5%. This …

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Economy

ED to review loans sanctioned during Chanda Kochhar’s tenure

March 5, 2019March 5, 2019 - by Abdul

Enforcement Directorate(ED) has decided to expand the scope of investigation by reviewing all loans sanctioned during former ICICI MD Chanda kochhar’s tenure. ED had registered the case against Chanda Kochhar …

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Economy

7 banks fined for delayed SWIFT implementation

March 5, 2019March 5, 2019 - by Abdul

Reserve Bank of India(RBI) have imposed a monetary fine on 7 Banks for non-compliance with the directions on Implementing the SWIFT software, Society for Worldwide Interbank Financial Telecommunication(SWIFT) provides a …

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Economy

Pharma sector growth hits 4-year low in FY18

March 5, 2019May 3, 2019 - by Sayoni

According to the 54th Parliamentary Standing Committee on Chemical and Fertilizers (2018-19), the growth of pharmaceutical sector has recorded a four-year low in 2017-18. The percentage increase in annual turnover …

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Economy

Centre to incentivise work-from-home jobs

March 5, 2019March 5, 2019 - by Sayoni

The Indian government is planning to launch a scheme to boost work from home jobs in the IT sector. The scheme is likely to be launched as phase II of …

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Economy

Cumulative spending on CSR crosses ₹50,000 cr

March 4, 2019March 4, 2019 - by Abdul

According to Crisil Foundation,Cumulative spending on corporate social responsibility (CSR) has crossed the ₹50,000-crore-mark four years after the legislative mandate was implemented. The highest CSR funding went to (a)education (b)skill …

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Economy

IL&FS ignored risk assessment reports while extending loans: audit

March 4, 2019March 4, 2019 - by Abdul

A forensic audit report of IL&FS by Grant Thornton has found serious lapses in the manner in which huge loans were extended to certain entities even after internal risk assessment …

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Economy / Policy

MUDRA: Rs. 1 lac crore more has to be lent

March 4, 2019March 4, 2019 - by Sayoni

Banks have been struggling to meet the target for lending Mudra loans. The government, in Budget 2018-19, had said it intends to disburse loans of up to Rs 3 lakh …

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