The RBI has a new concept in Draft: The Bharat Bill Payment System. This is just a GIRO (the concept of a customer initiated transaction) based payment system. ...
NDTV reports that the higher tax on debt mutual funds will apply only from July 10 onwards, and not “retrospectively”, from a statement given by Arun ...
Each year, the Ministry of Finance, along with its annual Budget, releases a Statement of Revenue Foregone. This year, being the NDA’s first tenure in 10 ...
RBI has finally moved to helping foreigners buy some more debt, as the debt limit for G-Secs has been rejigged. Foreigners (actually, Foreign Portfolio ...
RBI has draft guidelines out for Payments Banks. Payments Banks: The Concept RBI wants to create a lower-end concept called payment banks, which are restricted ...
I write at Outlook: Strong Mandate, Weak Budget: Arun Jaitley’s first budget sends mixed signals to financial markets, and one strong message: this is not a ...
You’ve read Capital Mind and you’ve heard of the Budget. Here’s our take on the budget in a 50+ page book-style report, that you can read at leisure. ...
The trade deficit for Jun 2014 was at $11.7 billion, the most in 11 months (since Jul 2013). Imports at $38.2 billion were lower than the May number of $39.2 ...
The Finance Minister had announced in the Budget that there would be impetus for long term bank lending to private sector infrastructure projects by providing ...
One interesting move in the Budget is to classify gains of foreign portfolio investors (FPIs) as capital gains. Foreign investors that buy and sell stocks or ...
