Six financial changes that will come into effect from January 2022

Six financial changes that will come into effect from January 2022

In 2022, a lot of financial changes await us. From ATM fees becoming costlier to new guidelines on bank lockers that will make them safer. Here is a detailed list of six key personal finance changes that will come into effect from 2022. India...

23 firms line up IPOs worth Rs 44,000 crore in the March 2022 Quarter

23 firms line up IPOs worth Rs 44,000 crore in the March 2022 Quarter

The IPO rush is far from over and the primary market will be seeing a frenetic activity in the March 2022 quarter with nearly two dozen companies looking to collectively raise nearly Rs 44,000 crore through the initial share-sales, merchant...

States seeking fiscal aid and extension of tax compensation

States seeking fiscal aid and extension of tax compensation

The states on Thursday has requested Union finance minister Nirmala Sitharaman to provide them additional fiscal support as well as an enhanced borrowing limit in the forthcoming budget, and proposed continuation of the 14% assured annual GST...

Banks’ NPAs may climb to 8.1 percent by September 2022

Banks’ NPAs may climb to 8.1 percent by September 2022

Indian banks’ bad loans that stood at 6.9 percent of total advances as of September 30th may reach 8.1 percent by September next year under a baseline scenario, and as much as 9.5% under severe stress, a Reserve Bank of India report said....

India’s GDP expected to grow at 9 percent in FY22, FY23, states ICRA

India’s GDP expected to grow at 9 percent in FY22, FY23, states ICRA

The Indian economy is expected to maintain a real gross domestic product (GDP) growth of 9 percent in FY22 and FY23 amidst the Omicron uncertainty, ratings and research firm Icra Ltd said on Tuesday. Available data for the third quarter does...

Indian investment bankers collect fees from a record $18 billion in IPOs

Indian investment bankers collect fees from a record $18 billion in IPOs

Indian investment bankers are set for their best year ever as they will be collecting almost 26 billion rupees ($347 million) in fees from local initial public offerings that have reached an all-time high in 2021. A little over 110...

The 10 Most Read Articles – 2021

The 10 Most Read Articles – 2021

As a challenging year for most industries, the year 2021 saw a V-shaped recovery, driven by an increase in investments and incentives to stimulate operations. The year demonstrated both India's inherent strengths and flaws. The trajectory of...

Major trends that dominated the MSME sector in 2021

Major trends that dominated the MSME sector in 2021

The Micro Small and Medium Enterprises (MSMEs) sector has emerged as a major contributor to the socio-economic development of India, owing to its contribution to Gross Domestic Product (GDP) of the country and exports. The sector has also provided...

RBI extended card tokenisation deadline till June 30th

RBI extended card tokenisation deadline till June 30th

The Reserve Bank of India on Thursday has extended card tokenisation deadline by six months till June 30, 2022, from the earlier deadline date of December 31, 2021. "The timeline for storing of CoF (card-on-file) data is extended by six...

Record GST mop-up to removing retro tax law

Record GST mop-up to removing retro tax law

A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap the retrospective taxation have set the stage for the next level of reforms in the tax administration that include bringing a framework...

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