Seminar on Union Budget, GST

GUWAHATI, Feb. 21 -- Tax Bar Association, Guwahati (a premier body of tax professionals of the North East) organised a daylong seminar on Union Budget 2017 and GST here on Sunday. More than 170 professionals from all over the State took part in the seminar, a press release added.

At the outset, past president Ramesh Goenka on behalf of the Tax Bar Association expressed condolence over the loss of an advocate and past president of the Tax Bar Ass... Read More

Payment service licenses should be given after proper scrutiny: RBI

India, Feb. 21 -- RBI's Deputy Governor R Gandhi has said that granting licences to payment service providers cannot be a 'tick box exercise' as entities will be entrusted with money, and so fit and proper criterion is important.

Commenting on the issue, RBI's Deputy Governor R Gandhi told the media, "There is an implied suggestion that this (payment) sector needs to be freed of licensing mechanism and once a set of criteria are fixed, any numb... Read More

RBI Mumbai office closed today

India, Feb. 21 -- The RBI said that its Mumbai offices will remain closed on February 21 on account of Municipal Corporation elections in Greater Mumbai, Thane and Ulhasnagar.

In exercise of powers under Section 25 of the Negotiable Instruments Act, the Maharashtra Government has also declared February 21 as public holiday within the jurisdiction of 11 Zilla Parishads and 118 Panchayat Samitis under these Zilla Parishads.... Read More

Let's be proud of our Mumbai: Niranjan Hiranandani

New Delhi, Feb. 21 -- In the wake of the ongoing BMC Polls in Mumbai, Niranjan Hiranandani, CMD, Hiranandani Communities has encouraged Mumbaikars to exercise their voting rights and feel proud of their city.

Speaking to ANI at the polling booth here today, an elated Hiranandani stressed on the importance of casting votes.

"It feels terrific to vote. We must spread the word across Mumbai persuading people to come down and vote. Mumbai is ours a... Read More

Wins gold in athletics

India, Feb. 21 -- City's athlete B.K. Raje Urs, Supdt. Central Excise, Koorgally Range (third from left) won the gold medal in the 5 km walking race (40 plus men's category) at the 49th All India Central Revenue Athletic Meet held at Mumbai recently. The post Wins gold in athletics appeared first on Star of Mysore.... Read More

Maruthi van donated to Naganahalli School

India, Feb. 21 -- A Maruthi van was donated to Sri Laxmi Education Trust, Naganahalli recently, by Sthanakwasi Yuva Sanghatan sponsored by Committee members and Gupt Dani. Picture shows Founder-President Budhmal Baghmar and President Jasawath Nangawat handing over the van keys to School Trustee as Secretary Abhishek Singhavi, Committee members Deepak Bohra, Mahesh Sethiya and Rajesh Mehta, Trustee of the School, look on. The post Maruthi van dona... Read More

IPL 2017 Auction: The 22 crorepati players who entered a prestigious club

India, Feb. 21 -- The 2017 Indian Premier League auction witnessed some record buys and some new entrants into the Crorepati club. Out of over 350 players called into the auction, only a total of 66 players were purchased by the franchises. Out of the 66, there were 22 players who became crorepatis. Here are a list of the players who entered the prestigious club. 1) Ben Stokes (Price: 14.5 crore, Team: Rising Pune Supergiants) The England all-rou... Read More

5 likely RBI moves to push digital transactions

Mumbai, Feb. 21 -- With the launch of the BharatQR on Monday, the Indian banking and payments system has moved another step in the direction of reducing the dependence on cash for transactions. This, along with the Unified Payments Interface (UPI), Bharat Bill Payment System (BBPS), the National Unified USSD Platform (NUUP) and the Aadhaar Payment Bridge, are all moves in this direction, supported by the banking sector regulator.

The Reserve Ban... Read More

Finance Ministry revises budget downward

KATHMANDU, Feb. 21 -- The Ministry of Finance has revised the budget downwards, based on the current dismal spending trend, to Rs 935.88 billion for the current fiscal year.

Though the earlier government had brought Rs 1048.92 billion budget for the current fiscal year, poor implementation capacity of the government agencies has forced the ministry to revise the budget downwards. But despite their eroding capacity to increase development spendin... Read More

MSME lending being hugely underserved market is a major opportunity for FinTech Start-ups: SS Mundra

Mumbai, Feb. 21 -- MSME lending being a hugely underserved market is a major opportunity for FinTech Start-ups to build and scale up sustainable businesses by offering services such as credit underwriting, marketplace lending, etc, said SS Mundra, Deputy Governor, Reserve Bank of India (RBI).

He was speaking on the subject Financing MSMEs: Banks & FinTechs Competition, Collaboration or Competitive Collaboration? at the NAMCABS Seminar organ... Read More