Banks reported 44,016 frauds in last 11 years
According to the data provided by the Finance Ministry,banks have reported 44,016 frauds in the last 11 years since 2008-09.The frauds being considered in the list are those involving ₹1 …
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Parliament adopts resolution levying 200% duty on Pakistani goods
Parliament has adopted a statutory resolution for levying 200% duty on all goods originating in or exported from Pakistan. Statutory Resolution is a resolution in pursuance of a provision in …
Read MoreRBI board finalises ‘Utkarsh 2022’
The Reserve Bank of India (RBI) board has finalised a three year roadmap named as Utkarsh 2022. The objective of the policy is to improve regulation and supervision of the …
Read MoreSEBI gets teeth to probe new-age cases
The Finance Bill,2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information. …
Read MoreFinancial system has surplus liquidity
Finance Minister and RBI Governor has met for the customary post-budget meeting. The RBI Governor has said that the system has sufficient liquidity and the Union Budget has made provisions …
Read MoreUnion Finance Minister Nirmala Sitharaman to address RBI board tomorrow
Finance Minister is scheduled to address the post-budget meeting of the RBI’s central board.She will highlight the key points of the Budget including the fiscal consolidation roadmap. The government has …
Read MoreRaising of FDI in insurance broking to 100% upsets domestic brokers
Finance Minister has proposed a 100% foreign direct investment(FDI) in the insurance intermediaries in the Union Budget 2019. Insurance intermediaries are the backbone of the industry.They help in distribution of …
Read MoreBudget 2019: Defence allocation disappoints military
Union Budget has allocated Rs 3.18 lakh crore for defence.The allocation is estimated to be at around 1.6% of the GDP which experts have said is the lowest since the …
Read MoreBudget Briefs-10-point Vision for the decade
Finance Minister has flagged ten points of the Government’s ‘Vision for the Decade’: Building physical and social infrastructure; Digital India reaching every sector of the economy; Pollution free India with …
Read MoreBudget Briefs: Foreign Direct Investment (FDI)
The Finance Minister has said that Foreign Direct Investment(FDI) inflows into India have remained robust despite global headwinds. She stated that according to UNCTAD’s World Investment Report 2019. India’s FDI …
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