View: All NBFCs shouldn’t be painted with the same brush

By Keki Mistry For more than a year, an overwhelming drive seems to be underway to label non-banking financial companies (NBFCs) as anathema to the economy. It’s easy to paint all NBFCs with the same brush, but it can be quite flippant to ignore the contributions they have made in addressing economic demand that has … Read moreView: All NBFCs shouldn’t be painted with the same brush

Indian economy currently facing challenges, says Sitharaman

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday unveiled a book on global finance, and said it suggests solutions for challenges that the world and Indian economy is currently facing. Launching the book titled ‘The Rise of Finance: Causes, Consequences and Cure’, she said it will help “understand the current economic situation facing both the … Read moreIndian economy currently facing challenges, says Sitharaman

Homebuyers, developers cheer stress fund cabinet nod; reiterate timeline, execution crucial

Mumbai: Real estate developers and homebuuers welcomed the Cabinet’s decision to expand the proposed stress fund for the sector to Rs 25,000-crore, but said a lot would depend on how the government executes the scheme and the timelines for the disbursal of the money. The special funding window is expected to now accommodate more stalled … Read moreHomebuyers, developers cheer stress fund cabinet nod; reiterate timeline, execution crucial

Finance Minister Nirmala Sitharaman Hints At More Sops For Housing Sector

New Delhi:  Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that government and Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector. She said that real estate has a spill over effect on many sectors, hence addressing … Read moreFinance Minister Nirmala Sitharaman Hints At More Sops For Housing Sector

“Won’t Miss The Bus Again, Next Wave Of Reforms Soon”: Nirmala Sitharaman

“We will push forward with those reforms which have missed the bus last time,” Nirmala Sitharaman said Mumbai:  Finance Minister Nirmala Sitharaman on Tuesday said the government will soon use its strong electoral mandate to usher in the next wave of reforms, and not to miss the bus this time. Nirmala Sitharaman said the government’s … Read more“Won’t Miss The Bus Again, Next Wave Of Reforms Soon”: Nirmala Sitharaman

We will not miss the bus again, next wave of reforms soon: FM

Finance minister Nirmala Sitharaman on Tuesday said the government will soon use its strong electoral mandate to usher in the next wave of reforms, and not to miss the bus this time. Without naming the reform measures unsuccessfully attempted by the Modi government in its first term, and in an apparent hint at land acquisition … Read moreWe will not miss the bus again, next wave of reforms soon: FM

“Start-Ups Victims Of Needless Over-Regulation,” Says Kiran Mazumdar Shaw

Kiran Mazumdar Shaw said, “Bureaucracy and over regulation is stifling business in India” New Delhi:  Industrialist Kiran Mazumdar Shaw has asked the government to look into the factors that could be hurting start-ups in India, at a time when a slowdown in several sectors has put severe pressure on companies to cut costs and consumers … Read more“Start-Ups Victims Of Needless Over-Regulation,” Says Kiran Mazumdar Shaw

India starting faceless tax assessment regime to forestall discretion in tax collection: PM

By Manash Pratim Bhuyan BANGKOK: India is rolling out “faceless tax assessment” to forestall any discretion or harassment in tax collection, Prime Minister Narendra Modi said on Sunday as he highlighted major reform initiatives launched by his government in the financial sectors in the last five years. The prime minister, speaking at an event to … Read moreIndia starting faceless tax assessment regime to forestall discretion in tax collection: PM

Watch: President, Nirmala Sitharaman Rush To Help Policewoman Who Fell

President Ram Nath Kovind and union ministers Nirmala Sitharaman and Anurag Thakur at the event. New Delhi:  When a policewoman collapsed at an award function in Delhi on Tuesday, she was attended to by no less than the first citizen himself. President Ram Nath Kovind, Finance Minister Nirmala Sitharaman and Minister of State for Finance … Read moreWatch: President, Nirmala Sitharaman Rush To Help Policewoman Who Fell

Now, officers to exclusively handle GST, Customs complaints

In line with Prime Minister Narendra Modi’s assurance that honest taxpayers would not be harassed and wealth creators would be respected, the indirect tax body – Central Board of Indirect Taxes and Customs (CBIC) has directed to appoint a nodal officer in each CGST and Customs Commissionerate to sort out taxpayer grievances. Industry and tax … Read moreNow, officers to exclusively handle GST, Customs complaints

View: Credit culture needs to change

The fraud at Punjab and Maharashtra Co-operative (PMC) Bank shows that there is a rot in the system and not the bank. If unchecked, it can cause irreparable damage to the system. The complicity of bank officials with the Wadhawan family and its companies shows that there is a systemic flaw in the credit system. … Read moreView: Credit culture needs to change

World Bank to continue with USD 6 billion annual lending support to India

NEW DELHI: World Bank President David Malpass on Saturday said the multi-lateral funding agency will continue with USD 6 billion lending target for India. As many as 97 projects are being currently executed with loan assistance from the World Bank. “World Bank right now has 97 projects with USD 24 billion committed. So, we expect … Read moreWorld Bank to continue with USD 6 billion annual lending support to India

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