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Govt Employees Will Get Housing Advance At Lower Interest Rates
Among various measures announced to push activity in the dull real-estate sector, Finance Minister Nirmala Sitharaman on Saturday announced lower interest rates on house-building advance for government employees. Sitharaman said that government employees form a major component of demand for housing

Govt To Set Up Rs. 10000 Crore Fund For Incomplete Housing Projects
In her briefing to the media, FM Nirmala Sitharaman announced a slew of measures to reinvigorate the ailing realty sector and said that a special window will be set up for offering funds to the housing projects that have slowed down

Finance Minister Announces Measures For Exports
Finance Minister, Nirmala Sitharaman today announced a slew of measures for exports. The Finance Minister has announced that the scheme for Remission of Duties or Taxes on Export Products will replace the Merchandise Exports from India Scheme. The new

Central Govt Currently Has No Outstanding Loans With RBI
According to the weekly statistical supplement released by the Reserve Bank of India (RBI) on Friday, the Central Government of India has no outstanding loans with the central bank under the ways and means advances in the week ended 6 September.

FD And Loan Interest Rates Are Likely To Fall Further And Faster In October
This week official data released by the National Statistical Office showed that the consumer price index (which is a measure of retail inflation in the country) for the month of August despite climbing to a 10-month high of 3.2 percent stayed

RBI Proposes Minimum Capital Of Rs 200 Cr For Small Finance Bank ‘On Tap’ Licenses
On Friday, the Reserve Bank of India (RBI) proposed a minimum equity capital of Rs 200 crore to set up a Small Finance Bank under the on-tap licensing regime. The "on-tap" facility allows the RBI to accept applications and

GoAir Plans IPO Issue To Raise Rs. 5000 Crore
GoAir, the country's fourth major airline by market share, is seeking to mop up Rs. 5000 crore through its initial public offer (IPO). In the offer, the company will offload approximately 25% or more of its stake, sources privy to the

Gold Price To Scale Up To Over Rs. 50,000 Per 10gm In 2 Years: Citi
In September this year, owing to a host of factors including monetary easing measures by major central banks world over to tackle slowdown fears amid US-China trade woes has led the yellow metal to hit a 6-year high of $1566 per

Accepting Payments Via RuPay Debit Cards To Get Cheaper For Merchants
On Friday, the National Payments Corporation of India (NPCI) said that it has rationalized merchant discount rate (MDR) for RuPay debit card transactions with effect from 20 October 2019. The rationalisation has been done across point of sale (PoS), eCom and

CBDT Notifies E-Assessment Scheme For Faceless Tax Scrutiny
In an attempt to make the assessment process more transparent and corruption-free, the Finance Minister Nirmala Sitharaman earlier said that the tax department will promote faceless tax scrutiny. And continuing with it, the CBDT via a notification issued on September

Bank Employees To Go On A 2-Day Strike To Protest Mega Merger
The United Forum of Bank Unions (UFBU) which the umbrella body of nine bank employees unions, are going to stage a peaceful demonstration on 20 September outside the Parliament to oppose the government's recent mega public sector bank merger plan, a

Bank Of India Revises FD Interest Rates Twice In 10 Days
Bank of India revised its interest rates on fixed deposits (FDs) for the second time this month. The new rates came to effect on 10 September. The public sector bank had made its previous rate revision on 1 September,

M&M Rolls Out Vehicle Subscription Service On Personal Vehicle Range
Mahindra & Mahindra (M&M), an automobile company, in tie-up with self-drive car rental firm Revv has launched a subscription-based service for its passenger vehicles. In the novel unique ownership model, the customers will be able to use a brand new car

Rupee Rallies Past 71/US Dollar On Weakness In Crude Oil Price
Rupee has opened the session higher in trade at 71.01 per dollar against the previous close of 71.13. And later even moved past 71 levels to trade at 70.91 per US dollar. The gains in the home currency come amid

SEBI Imposes Rs 12 Lakh Penalty On ICICI Bank For Disclosure Lapses
On Thursday, SEBI levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan. The regulator during an

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