For the last few years, there has been a tug of-war between the Reserve Bank of India (RBI) and the central government, as the latter wants access to the bank’s “excess reserves”.
Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office in the national capital.
All eyes are on what policy mechanisms will the Hon. Finance Minister of India use in Budget 2019-2020, to boost consumption and investments in India. Amongst the wide variety of available strategies, a focus on utilising tax-rebate strategies such as allowing high accelerated depreciation to promote new investments in areas of the economy that require investments is one that can help significantly.
The rupee on Monday opened 8 paise higher at 68.95 against the US dollar on account of some selling in American currency by banks and exporters amid sustained buying by foreign institutional investors.
New Delhi: India has fulfilled its promise of reviving a textile factory in Kenya in a record time of less than three years, under a line of credit extended during Prime Minister Narendra Modi’s visit in 2016.
New Delhi: Kicking off celebration to mark two years of the Goods and Services Tax (GST) implementation, the finance ministry will on Monday come up with further reforms in the indirect tax system with introduction of new return system, rationalisation of cash ledger system and a single refund-disbursing mechanism, among others.