An index has been launched by Crisil a ratings agency. This index will act as a prototype for performance of investments of foreign portfolio investors
Entrepreneurs can apply online for Micro Small Medium Enterprise (MSME) loans up to Rs. 2 crore without visiting their respective bank branches.
The Insolvency and Bankruptcy Board of India (IBBI) appears to be in no mood to review amendments made in the bankruptcy code.
Micro, Small and Medium Enterprise (MSME) Expo 2017 second edition, beginning here from December 15, will act as a common platform to connect Government, PSU, MNCs and International Business communities with Indian Micro and Sal and Medium Enterprises and is expected to generate Rs 50 crore business. The expo is being jointly organized by the … Continue reading “MSME expo in December is plausible to generate Rs. 50 cr Business”
Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) planning to expand business outside the Securities and Exchange Board of India (SEBI’s) purview. The exchanges are seeking approval for the same. The proposal has been sent to the SEBI committee, headed by former Reserve Bank of India Deputy Governor. The approval could concrete way for … Continue reading “BSE, NSE Plan to grow Business outside SEBI’s Domain”
India has moved up one place to the 68th spot on the Global Entrepreneurship Index (GEI) of 2018, which is topped by the US. The list was prepared for 137 countries in the world. US topped the index, India is in 68th position in the Global Entrepreneurship Index. Each country is ranked according to its GEI score to … Continue reading “India advances to one spot up on Global Entrepreneurship Index”
Aadhaar card number can be made mandatory to buy shares and mutual fund units soon. The government and the Securities and Exchange Board of India (SEBI) are planning to link Aadhaar card to financial market transactions.
It’s hard time for affordable housing. In the Delhi-NCR region alone, over one lakh apartments are likely to be built in this segment in the next couple of years, with builders betting on a spurt in demand following sops announced by the government in this year’s Budget. Supertech, Signature Global, Gaursons, Raheja Developers, BDI, Tulip and many others are planning to launch residential projects in this category.
The Reserve Bank of India today placed on its website a Working Paper titled ‘Bank Lending and Loan Quality: The Case of India’ under the Reserve Bank of India Working Paper Series. The Paper is co-authored by Pallavi Chavan and Leonardo Gambacorta. The study analyses how non-performing loans (NPLs) of Indian banks behave through the … Continue reading “Bank Lending and Loan Quality: The Case of India”
Submitted by business_centrik on 16/02/2017 The Union Cabinet on Wednesday approved the merger of State Bank of India with five of its associate banks including State Bank of Bik aner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. The merger proposal was announced in May 2016 … Continue reading “Cabinet approves SBI merger with 5 associate banks”
Submitted by business_centrik on 28/12/2016 The penalties will be imposed on anyone who possess old Rs 500 and Rs 1000 notes post December 30, as the last date to deposit the demonetised money in banks would expire on this date. Only selected RBI branches would accept old currency of Rs 500 and Rs 1000 after December 30. … Continue reading “Holding old currency beyond March 31 could lead to a hefty fine or imprisonment”
After being tagged as anti poor NDA government has shifted their focus on farmers and launched schemes like Saansad Adarsh Gram Yojana and Pradhan Mantri Krishi Sinchai Yojana. Mr.Modi wants to empower our farmers by starting schemes like this.Under these scheme 1.84crore soil health cards have been distributed,it also targets to cover all 14 crore farm holdings to all farmers by … Continue reading “Prosperous farmers for prosperous India”
A lot of schemes have been started for development in rural sector, but these schemes can achieve its target or not? “The government’s rural jobs programme is in its youth and centre will continue to push it with further allocation this year”, is what Rural Development Minister,Mr. Narendra Singh Tomar said.He also said that under rural development they … Continue reading “Rural Development is in progress”
RBI has directed that the foreign citizens (i.e. foreign passport holders) can exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 subject to the tenderer submitting a self-declaration that this facility has not been availed of during the week. The Authorized Person shall keep … Continue reading “Exchange facility for foreign citizens”
The two-day mega industry conclave Global Investors’ Summit (GIS) started in Indore today. Union Finance Minister Arun Jaitley, Union Minister Jaishankar Prasad and Yog Guru Baba Ramdev and other dignitaries are taking part in summit. Chief Executive Officers of 128 companies are also taking part in it.The summit is scheduled to have discussions between visiting delegates and … Continue reading “Global Investors Summit”