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For 11 Years In A Row, Mukesh Ambani Keeps His Salary Capped At Rs 15 Crore

State Bank of India Waives RTGS, NEFT, IMPS Charges

To provide an impetus to digital funds movement, SBI waived-off RTGS and NEFT charges for YONO, internet banking (INB) and mobile banking (MB) customers from July 1, 2019. And it will also waive-off IMPS charges for its INB, MB and YONO customers effective from August 1, 2019.

Jul 12, 2019
Government Committed To Fiscal Consolidation Without Compromising On Public Expenditure: Nirmala Sitharaman

Replying to the general discussion on Budget 2019-20 in the Lok Sabha, finance minister Nirmala Sitharaman said the government has set the fiscal deficit target at 3.3 per cent of GDP for 2019-20.

Jul 10, 2019
IndiGo CEO Says Issues Between Promoters Have Nothing To Do With Airline, Its Functioning

Rakesh Gangwal, one of the promoters of IndiGo, on Tuesday alleged serious governance lapses by its co-founder Rahul Bhatia, who had earlier termed his demands as unreasonable.

Jul 10, 2019
Delhi High Court Asks Jet Airways Founder Naresh Goyal To Deposit Rs 18,000 Cr To Travel Abroad

Justice Suresh Kait said no interim relief can be granted to Jet Airways Founder Naresh Goyal at this stage, and added that he may deposit Rs 18,000 crore guarantee if he wants to travel to a foreign country now.

Jul 09, 2019
Budget 2019: Focus On Agriculture Sector A Welcome Move, But Better Implementation Required

Agriculture being a state subject, better implementation at the grassroots level with a dedicated pool of functionaries and enhanced usage of technologies can bring in desired outcomes, writes Arabinda K Padhee.

Jul 09, 2019
Union Budget 2019: Will Print Industry Absorb Import Duty On Newsprint Or Pass The Cost On To Readers?

A 10% import duty on newsprint will make the printing of newspapers and magazines expensive, but will they pass on the burden to the reader?

Jul 08, 2019
Foreign Tourists Spent Less, Caused Over Rs 6500 cr Loss In 2018

For the first time in a decade, India witnessed a decline in Foreign Exchange Earnings (FEE) of 1 billion dollars from foreign tourists

Jul 08, 2019
Sensex Plummets 793 Points On Budget Woes, Global Selloff

Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 per cent. Yes Bank, HCL Tech and TCS, however, bucked the downtrend by rising up to 5.56 per cent.

Jul 08, 2019
Aadhaar ID Can Be Used For Cash Transactions Beyond Rs 50,000: Revenue Secy

Banks and other institutions will make backend upgrades to allow acceptance of Aadhaar in all places where quoting PAN is now mandatory.

Jul 07, 2019
OPINION | Budget Arithmetic For 2019-20 Reveals The Potential Concerns On Fiscal Federalism

Some of the important figures in Union Budget for 2019-20 would seem a little too ambitious if one takes a close look at two sets of budgetary figures available at present for Union Government’s finances for the year 2018-19, which ended on 31st of March this year.

Jul 06, 2019
OPINION | Union Budget 2019: The Good And Bad For You And Me

The excess of expenditure over receipts have been kept under reasonable control. It is targeted at 3.3% of gross domestic product for next year from 3.4%. This is good news as inflationary pressures should remain under control.

Jul 06, 2019
US Corporate Sector Hails Indian Budget, Says It Will Attract FDIs

The Budget opens up the Indian market, and encourages US companies to invest more, at the same time it ensures prosperity and growth for the lower sections.

Jul 06, 2019
Union Budget 2019: Aircraft Financing, FDI Challenging Tasks, Say Aviation Experts

In her budget speech, Sitharaman invited suggestions for further opening up of FDI; entering into aircraft financing, adopting suitable policy interventions for providing an enabling ecosystem for maintenance, repair, and overhaul of aircraft; and re-initiating disinvestment of Air India.

Jul 06, 2019
Modi 2.0 Budget Takes Cue From Economic Survey, Aims To Train India With New Age Skills

The government announced that it will be skilling new India with new age skills like Artificial Intelligence (AI), Internet of Things, Big Data, 3D Printing, Virtual Reality and Robotics, which are valued highly both in India and overseas.

Jul 05, 2019
Union Budget 2019 Devoid Of Any Roadmap To Boost Farmers’ Income

Finance Minister Nirmala Sitharaman had kudos to offer to farmers for making India pulse sufficient and an appeal to do the same in the case of edible oil seeds production but nothing concrete to offer to distressed farmers.

Jul 05, 2019
Where Are Measures To Spur Demand, Create Jobs? Asks India Inc, Gives Thumbs Down To Budget

Stating that there are many populist measures, Nanda felt the biggest challenge the country is facing is job creation which is not addressed in the Budget.

Jul 05, 2019
Market Conundrum: No Big Bang Proposals For Investors In Union Budget 2019

India Budget 2019: It seems that the stock markets are confused about the implications of the various proposals, which may work at cross-purposes.

Jul 05, 2019
Opinion | Budget 2019 Is Lacklustre With No Mention Of Meaningful Goals

The budget did not talk about public health and nutrition, correction of design of social welfare schemes or school education.

Jul 05, 2019

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