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Compliance key focus in new Direct Tax Code report: Ranjan

New Delhi, Sept. 20 -- Compliance is one of the key focus areas in the new Direct Tax Code (DTC) report that was submitted to the finance minister last month, Akhilesh Ranjan, the convener of the DTC ... Read More


FM Nirmala Sitharaman directs banks, NBFCs to focus on increasing credit outgo in 400 districts

New Delhi, Sept. 19 -- To increase credit disbursement during the ongoing festive season, finance minister Nirmala Sitharaman on Thursday directed commercial banks and non-banking financial companies ... Read More


Five things to watch out for in Nirmala Sitharaman's meeting with PSB heads

New Delhi, Sept. 19 -- Finance minister Nirmala Sitharaman will meet heads of public sector banks (PSBs) on Thursday for a review meeting. Besides other issues, the meeting will focus on the amalgama... Read More


Compliance will be key focus area in Direct Tax Code report

New Delhi, Sept. 19 -- Compliance will be one of the key focus areas in the new Direct Tax Code (DTC) report that was submitted to the finance minister Nirmala Sitharaman last month. Akhilesh Ranjan,... Read More


Moody's says RBI's decision to cut risk weight on consumer loans credit negative

New Delhi, Sept. 18 -- The Reserve Bank of India's decision to reduce risk weight on consumer loans is credit negative as it will encourage banks to increase their exposure to this loan segment at a t... Read More


Cabinet approves 78-day wages as bonus to 11.52 lakh railway employees

New Delhi, Sept. 18 -- The Union Cabinet on Wednesday approved 78-day wages as productivity-liked bonus to over 11.52 lakh railway employees for the financial year 2018-19, a move that is expected to ... Read More


RBI expands scope of Bharat Bill Payment System

Mumbai, Sept. 17 -- The Reserve Bank of India has expanded the scope of the Bharat Bill Payment System (BBPS) by adding other categories of recurring payments through the portal. BBPS is an interoper... Read More


Railways to adopt HOG system to save power cost

New Delhi, Sept. 17 -- Noise pollution and massive fumes from trains' power generator car will soon be a thing of the past. A clean technology-Head on Generation (HOG)-is being adopted by the Indian R... Read More


RBI expands scope of Bharat Bill Payment System

India, Sept. 17 -- The Reserve Bank of India has expanded the scope of the Bharat Bill Payment System (BBPS) by adding other categories of recurring payments through the portal. BBPS is an interopera... Read More


State-run banks net receivers in NEFT network

New Delhi, Sept. 16 -- Private sector banks, followed by public sector banks (PSBs), are the biggest players in the electronic fund transfer system National Electronic Funds Transfer (NEFT) network, b... Read More