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PNB gets 25 crores from the auction of Nirav Modi’s assets

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In what can be said as a blessing in disguise for Punjab National Bank Ltd. (PNB) that has today informed the Ministry of...

Structural reforms are a key priority of my Govt: Nirmala Sitharaman

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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman stressed that structural reforms are a key priority of the government as has...

New foreign exchange rates announced for Indian Rupee

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The Central Board of Indirect Taxes and Customs (CBIT&C) hereby announced the rate of exchange for the Indian rupee with currencies of...

Banks yet to clear 20,000 Crore Covid loans sanctioned to MSMEs

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The loans sanctioned under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) as part of the Central government's Atma Nirbhar Bharat, the...

Will Modi govt downsize its stake in SBI?

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As we all know that the Finance Ministry led by Nirmala Seetharaman is resorting to disinvestments in the public sector banks as...

Why LIC was preferred for disinvestment now?

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Finance Minister Nirmala Seetharaman to everyone's utter surprise has declared that the Disinvestment target for the FY 2020-21 was Rs.2.10 lakh Crore...

RBI working on the restructuring of MSME loans: Nirmala Sitharaman

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The Union Finance Minister Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of...

Modi to interact with stakeholders of Banks and NBFCs today

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Prime Minister Narendra Modi will join stakeholders from Banks and NBFCs to discuss and deliberate on vision and roadmap for the future...

Will Govt Banks post profits as Private banks did amidst pandemic?

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There is a saying in financial markets now that any company posting profit of even Rs.1 crore is a great company. How...

Post offices to offer small savings schemes at branch level

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In order to strengthen its network and postal operations in rural areas and provide the facility of small savings scheme to the...

Why MSME borrowers are shifting to Private banks?

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We all welcomed the first package of Atma Nirbhar package to help the MSME sector by our Finance Minister Mrs Nirmala Seetharaman....

e-Campaign for voluntary compliance of IT payers from July 20

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The Income Tax Department is all set to start an e-campaign on the voluntary compliance of Income Tax for the convenience of...

IT facilitates Banks, Post Offices to ascertain TDS rates

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The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability...

Covid pushes back the Country to 6 years

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All estimations on Corona Virus went wrong. India is competing with the top 10 advanced countries which are more advanced in achieving...

World Bank to fund $750 million to Indian MSME sector, MoU signed

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The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support...

Centre introduces Floating Rate Taxable Savings Bonds 2020

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The Government has notified the new Floating Rate Savings Bonds, 2020 (Taxable) Scheme in place of 7.75 per cent Savings (Taxable) Bonds,...

Union Bank makes it despite sluggish market

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The Union Bank of India has declared its financial balance sheet for 2019-20 which somehow could manage to overcome the sluggish market...

How Sensex and NIFTY influencing Stock Market?

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As we all know, the NIFTY and Sensex in India influence the stock markets position resulting in a change in its share...

The story behind RIL getting huge investments in Jio

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Chairman of Reliance Industries Mukesh Ambani shocked his investors by announcing that by year-end 2020 RIL will turn debt-free and entire bank...

GST Council makes changes in Returns filing, relief to late filers

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The 40th GST Council which met here under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video...

Banks sure to make profits as Interest rates on Deposits plummet

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The one-year Fixed deposit rate in SBI is 5.10% per annum, ICICI bank 5.50%, HDFC bank 5.60%, Kotak bank 5.25% and in...

Financial Analysis: SBI fares well in the fourth quarter ending 2020

The banking giant State Bank of India (SBI) has declared its financial results for the fourth quarter ended March 31, 2020.

KCR says no cash to migrants, salary cuts a must for employees

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Chief Minister Chandrashekhar Rao has announced certain economic measures such as not to pay Rs 1500 as covid relief to the poor...

RBI announces 9 additional measures for strengthening the Economy

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The Reserve Bank on India (RBI) on Friday said India's gross domestic product (GDP) growth will be in negative in 2020-21 due...

Reasons for investors losing confidence in 7 banks’ shares

The rampant growth of COVID 19 has brought all industries to stand still since March 24, 2020 resulting in the downfall of...

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