Finance Ministry releases weekly instalment of Rs 6,000 crore to states to meet GST shortfall

Finance Ministry releases weekly instalment of Rs 6,000 crore to states to meet GST shortfall

The finance ministry on Monday released the 16th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall which will take the total amount released so far to Rs 95,000 crore. Till now, 86 percent of the total estimated GST...

RBI Creates Panel to Discuss Consolidation of Urban Co-Operative Banks

RBI Creates Panel to Discuss Consolidation of Urban Co-Operative Banks

The Reserve Bank on Monday set up a committee to draw a vision document for strengthening urban co-operative banks (UCBs) and exploring the potential of consolidation in the sector. The committee, to be headed by former RBI Deputy Governor N S...

Indian IT industry's revenues to touch USD 194 billion this fiscal: states Nasscom

Indian IT industry's revenues to touch USD 194 billion this fiscal: states Nasscom

Despite a dip in global technology spending amid the covid19 pandemic, the country's information technology sector is set to post a 2.3 per cent rise in its revenue to USD 194 billion in the current fiscal, the National Association of Software...

India's trade deficit for January narrows to $14.54 billion

India's trade deficit for January narrows to $14.54 billion

India’s exports expanded for the second consecutive month in January and the third time this fiscal year which was led by the robust growth in the non-oil and non-jewellery segments, indicating manufacturing activity revival. Imports also...

Good Credit Score and its Business Advantages

Good Credit Score and its Business Advantages

Businesses operating all the different industry verticals use credit and raising credit for your business is no easy task. Most money lenders will look at your credit scores when it comes to deciding whether or not to give you credit.  Simply...

Central Government to infuse Rs 3,000 crores in PSU general insurers in Q4 FY21

Central Government to infuse Rs 3,000 crores in PSU general insurers in Q4 FY21

In a bid to improve the financial condition of the state-run general insurance companies, the Finance Ministry of India will put an additional Rs 3,000 crore into them in the ongoing quarter (January-March). Also, the Union Cabinet had last year...

PM Modi set to launch key infra projects in Tamil Nadu and Kerala

PM Modi set to launch key infra projects in Tamil Nadu and Kerala

Prime Minister Narendra Modi is slated to inaugurate and lay the foundation stones of several projects in the states of Kerala and Tamil Nadu on Sunday, February 14. Ahead of his one-day visit to the states, Prime Minister Modi said many...

Ministry of Labour and Employment finalises rules under four codes, reform to be a reality soon

Ministry of Labour and Employment finalises rules under four codes, reform to be a reality soon

The Ministry of Labour and Employment has finalised rules under the four labour codes which will pave the way for making reforms a reality by notifying those for implementation soon. The four broad codes which includes wages, industrial relations,...

Sebi aiming to set up a cybersecurity fusion centre for the securities market

Sebi aiming to set up a cybersecurity fusion centre for the securities market

Markets regulator Sebi is in the process of setting up a cybersecurity fusion centre which is a move aimed at detecting cyber threats faster and resolving such incidents efficiently and effectively. In its annual report for 2019-20, Sebi noted...

Indian Economy to Contract by 7% in FY21: SBI Research

Indian Economy to Contract by 7% in FY21: SBI Research

Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent despite the fact that the agency had earlier forecast a 7.4 per cent contraction in...

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