Finance News : Monetary policy preview
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Finance News : Monetary policy preview

We expect the Reserve Bank of India (RBI) to keep all key policy rates unchanged, while maintaining a neutral stance. There are several risks to the inflation outlook, which will keep RBI cautious but these risks have all been highlighted in the past and there have been no incremental negative developments in the past few weeks. On the contrary, consumer price index (CPI) inflation has...

Posted by April 2, 2018April 2, 2018
Finance News – RBI may keep repo rate unchanged at 6% in April : BS Poll
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Finance News – RBI may keep repo rate unchanged at 6% in April : BS Poll

There is a clear consensus that the six-member monetary policy committee of the Reserve Bank of India (RBI) would keep the repo rate unchanged at 6 per cent next week. But surprisingly, there is a narrow chance that the central bank may cut rates in the future, according to a Business Standard poll of 15 economists and treasurers. This is an emergent view,...

Posted by March 31, 2018April 1, 2018
Finance News : Goods and services tax (GST) returns remain suspended?
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Finance News : Goods and services tax (GST) returns remain suspended?

Even though the triplicate transaction-wise goods and services tax (GST) returns remain suspended, businesses are making use of the inward-supplies form, GSTR-2, to guard themselves against audit by the taxman. Taxpayers are now mandated to file only the outward-supply return GSTR-1 and a simple summary interim return GSTR-3B, with which they pay tax and claim...

Posted by March 31, 2018April 1, 2018
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Finance News : Target of Rs 1 lakh crore in FY18 : Arun Jaitley

NEW DELHI: Finance minister Arun Jaitley on Wednesday said the disinvestment receipts for FY18 have exceeded the revised budgetary target of Rs 1 lakh crore. “Disinvestment receipts for FY 2017-18 exceeded Rs 1 lakh crore which is higher than the figure of last year at Rs 46, 250 crore,” he tweeted. Total disinvestment proceeds during...

Posted by March 30, 2018April 1, 2018
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Finance news : IDBI Bank

8 Mar 2018: IDBI Bank now reveals fraudulent loans worth over Rs. 770cr The latest Indian bank to reveal fraudulent loans is IDBI, which said Rs. 772cr had been issued as loans from five branches in Andhra Pradesh and Telangana against fake documents. There were major lapses in processing and disbursing of the loans during...

Posted by March 29, 2018April 1, 2018
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Finance News : RBI – Banks Again Before Policy

Mumbai: The RBI has restarted the process of holding consultation with industry bodies and banks ahead of the monetary policy review next month. The consultative process, which was followed for years, was discontinued in recent years after the monetary policy committee (MPC) took over the job of rate-setting. With the objective of getting a wider feedback, the central bank...

Posted by March 28, 2018April 1, 2018
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Finance News : Exim Bank loan Facility to 15-Nation $500 million

The Export-Import Bank (Exim Bank) today said it will provide a USD 500 million credit facility to ECOWAS Bank for Investment and Development (EBID) to fund various development projects in the western-south Africa. The line of credit of USD 500 million to EBID will finance various development projects in the ECOWAS region, Exim Bank said...

Posted by March 27, 2018April 1, 2018
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Finance News : RBI to Front-load Rate Cuts

India’s growth outlook remains muted at this juncture. Even the government’s Economic Survey suggested the outlook for 2016-17 must be evaluated in the wake of the November 8 action of demonstration. Economic growth was already pretty weak in the first half and slowed down further in the aftermath of demonetization and the US election results, impacting its only...

Posted by March 26, 2018April 1, 2018
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Finance 2018 Year for Mergers

If money could talk, it would have whooped last year. Consider this: in 2017, India saw more than 1,000 mergers and acquisitions (M&As), the highest in the current decade. The dealmaking happened on the back of a record year in terms of raising equity. A total of Rs 1,81,605 crore was raised in 2017. Private...

Posted by March 25, 2018April 1, 2018
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Money Talks – IPO’s Positive Note

If money could talk, it would have whooped last year. Consider this: in 2017, India saw more than 1,000 mergers and acquisitions (M&As), the highest in the current decade. The dealmaking happened on the back of a record year in terms of raising equity. A total of Rs 1,81,605 crore was raised in 2017. Private...

Posted by March 25, 2018April 1, 2018
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