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National

PMC Bank case: Ex-chairman Waryam Singh gets police custody till October 9

PMC MD Joy Thomas remanded to 14 days police custody

Managing Director of the beleagured Punjab and Maharashtra Cooperative Bank (PMC) Joy Thomas, was remanded to police custody till October 17 on

PMC Bank case: ex-chairman Waryam Singh arrested

The Economic Offences Wing has already arrested former managing director of the bank Joy Thomas, and promoters of HDIL group Rakesh and Sarang Wadhawan in the case.

RBI’s 25-bps rate cut leaves market disappointed

FY20 GDP forecast revised down to to 6.1% from 6.9% due to slowing growth.

India’s e-commerce war of sales and claims

Both Amazon and Flipkart say their sales for the season are the highest-ever in India’s e-com history

No reason to doubt government’s commitment to fiscal deficit: Shaktikanta Das

I am not aware of any demand from the government for payment of interim dividend, says the RBI Governor

RBI increases lending limit of MFIs to ₹1.25 lakh

The Reserve Bank of India has raised the lending cap for microfinance institutions to ₹1.25 lakh, against the earlier limit of ₹1 lakh, to improve

Banking system, including cooperatives safe, sound:RBI Governor

Reserve Bank Governor Shaktikanta Das on Friday said the banking system is sound and stable, and one incident at a cooperative bank should be used to

RBI cuts repo rate by 25 bps

The Reserve Bank of India reduced the repo rate by 25 bps to 5.15% on Friday to boost growth while keeping the policy stance accommodative.“The MPC

‘Talk of trade deal during Modi’s visit only speculation’

Want to remove artificial barriers by partner nations: Ross

Private sector’s turn to respond: Kant

Post corporate tax cut, more structural reforms are likely, says NITI Aayog CEO

Explained | Why the rush for the IRCTC public offer

Signals appetite for good PSU stocks

2 HDIL directors arrested in PMC Bank scam case

Properties worth around ₹3,500 crore, belonging to HDIL, have also been frozen by the Economic Offences Wing.

Talks of India-US trade deal during Modi’s visit was only speculation, both sides claim

Following Prime Minister Narendra Modi’s return to India from the U.S. without having signed any sort of trade deal, as was widely anticipated,

Wholesale onion prices fall below ₹30/kg at Lasalgoan after govt measures

Onion prices declined below ₹30 per kg level at Lasalgoan in Maharasthra, Asia’s largest wholesale market for the bulb crop, after the government

Bank account norms likely to be reviewed

May have to amend PMLA to accept utility bills

ICAI to check auditors’ role in PMC imbroglio

The apex body for chartered accountants has sought information from the RBI and other authorities to check whether any auditor was involved in the alleged financial irregularities at the lender.

PMC’s suspended MD says auditors did ‘superficial’ job

‘Due to time constraints, auditors checked only incremental advances’

Banking system safe, stable: RBI

The central bank issued a statement that the Indian banking system was ‘safe and stable’.

Economist Surjit Bhalla appointed Executive Director for India at IMF

His appointment has been cleared by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi

GST collections fall to record low in September on sluggish demand

This is the second straight month of decline in the GST collections, according to official data released by the Finance Ministry.

PMC Bank crisis: HDIL says loans taken after giving ‘adequate security’ cover

The Mumbai Police on Monday filed a case against the former bank management and promoters of HDIL in the Punjab and Maharashtra Cooperative (PMC) Bank case and said a special investigation team would be probing the case

Maruti reports 24% dip in sales at 1,22,640 units in September

Domestic sales declined by 26.7% at 1,12,500 units last month as against 1,53,550 units in September 2018

Suppressing criticism a recipe for mistakes: Rajan

‘Diversity, debate make India strong’

States’ gross fiscal deficit stayed within 3%: RBI

‘Metric achieved by lowering capex’

Current account deficit shrinks

RBI data shows CAD at $14.3 bn in first quarter of FY20 against $15.8 bn in FY19

Centre may seek ₹30,000-crore interim dividend from RBI to meet fiscal target

Government finances have come under pressure due to moderation in revenue collection and a slew of measures are being taken to lift growth from a six-year low of 5% in the first quarter of the current fiscal.

Six of top-10 companies add ₹1.26 lakh crore in market valuation

RIL and HDFC Bank tops the chart

Explained | What can be done to address the demand drought in our economy?

Why tax sops are not enough? What can policy makers do?

PAN-Aadhaar linking date extended to December 31

The deadline to link permanent account number (PAN) with Aadhaar has been extended till December 31, a CBDT order said on September 28. Earlier, the

Centre asks PSUs to clear vendor, contractor dues by October 15 to boost spending, growth

State-owned companies have also been asked to set up a portal where service providers, vendors and contractors can track bills and payments so that liquidity crunch is mitigated.

RBI initiates regulatory action against Lakshmi Vilas Bank amid police probe

Financial services company Religare Finvest has accused Lakshmi Vilas of misappropriating funds to the tune of ₹790 crores in a complaint filed with the EOW.

Suspended PMC chief claims exposure to HDIL is ₹2,500 crore

He also said that the previous management did not keep the board in the loop about NPAs.

Deadline for filing ITR, tax audit extended

The Central Board of Direct Taxes has extended the deadline for the filing of income tax returns and audit reports to October 31, 2019. The previous

RBI acted in haste in PMC Bank matter: former MD

Inspection officials restrained actions without prior notice, says former MD

‘Centre looking to ease foreign investment limits in govt. bonds’

Aim is to get securities included in global indices: sources

Finance Commission to arrive at devolution limit independently

‘Formula after balancing all requests’

Capital expenditure on track to meet year-end target, says FM

Ministries told to provide plan for four quarters, release all dues to services and goods suppliers, Nirmala Sitharaman says.

Most dues of MSMEs cleared; govt looks to push infra spending: Nirmala Sitharaman

Nirmala Sitharaman said that ministries have been asked to provide detailed capital expenditure plans.

Plea demands probe into misappropriation of funds by Indiabulls

The Delhi High Court Friday sought response of the Centre and the RBI on a plea seeking an SIT investigation into the alleged illegalities, siphoning

Centre to appoint global consultant to sell surplus land of PSUs

The process, to be carried out by the NITI Aayog will be a big source of revenue in the next two years.

Odisha approves investment proposals worth ₹2,435 crore

The projects were approved in food processing, chemicals, metal, infrastructure, power, renewable energy and downstream sectors

Call money rates should be close to policy rate, says liquidity panel

‘Current liquidity management framework must continue’

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