NEW DELHI: Banks must reflect defaults of Infrastructure Leasing & Financial Services Group companies as non-performing assets in their accounts, the Reserve Bank of India said in a submission to the National Company Law Appellate Tribunal, seeking a modification of its previous order.
MUMBAI: The RBI governor's suggestion of the need to challenge the conventional practice of small rate changes in multiples of 25 bps and instead the size of the rate change could vary to indicate the policy stance signifies RBI's intent to use communication as a policy tool instead of a vehicle of communication, according to a State Bank of IndiaNSE 0.05 % report.
ClearTax, a Bengaluru-based fintech that offers tax, finance & compliance solutions, has launched a new ‘GST Health Check’ tool.
There is negativity around, but one sector that is bullish in today’s so called gloom and doom environment, is textile. The value added sector is operating at almost full capacity and many big players are in the process of expansion. Unlike others, those who are in exporting businesses, are seeing the light at the end of the tunnel.
Vietnamese exporters of garments, textiles and leather shoes foresee Canada as a perfect destination because of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), experts there feel.
Denis Manturov, the Russian Minister of Industry and Trade.