Banking & Finance

Funds will be for NWs development and maintenance. The Inland Waterways Authority of India (IWAI) permission has been revalidated to raise Rs.660 crore through Government of India Bonds for development and maintenance of National Waterways (NWs) in 2017-18. Funds received...

NPAs drains financial wellbeing of banks. Emboldened by the Banking Regulation (Amendment) Ordinance, the Reserve Bank of India (RBI) is expected to put bad loans worth about Rs.8 lakh crore for resolution by March 2019, a move that could bring...

Reliance-Israeli platform for Indian investments. OurCrowd CEO Jon Medved.   Indian investors will get access to overseas venture capital funds through a new agreement between Israel-based OurCrowd Platform and India’s Reliance Private Client. OurCrowd, a global leader in equity crowdfunding,...

Credit MoU signing highpoint for Jaitley visit to Seoul. As an example of its power to work with international financial institutions, India will sign with South Korea a US$9 billion export credit for infrastructural development in India and for the...

Help lines for individual tax payers. The Cabinet Secretary P.K. Sinha has asked the Secretaries of the different Ministries/Departments to set-up a Goods and Services Tax (GST) Facilitation Cells in their respective Department/Ministry. The Cells, in turn, shall be in...

PM highlights investment opportunities at Forum. Modi addressing the plenary session of St. Petersburg International Economic Forum on 2 June 2017. The sky is the limit for investment opportunities in India, said Prime Minister Narendra Modi in a strong pitch to...

State Budget to fund US$9M for the 5-year programme. India signs Loan Agreement with the World Bank for US$36 million for “Himachal Pradesh Public Financial Management Capacity Building Program” to improve the efficiency of Public Expenditure Management and Tax Administration....

Dubai woos businesses to the Middle East, African markets. More and more Indian companies are heading for listing on the Dubai International Financial Centre (DIFC), a leading hub with business links to the Middle East, Africa and Central Asia. This...

Slow progress of banks India's banking sector will recover only marginally over the next few quarters, according to a report, "Progress Will Be Slow For India's Banks In 2017," by #S&P Global Ratings. "We expect the Indian banking industry's growth...

DIFC reinforces status as global financial services hub Iconic DIFC: home of Indian banks. Four major Indian finance firms are strengthening their operations at DIFC, highlighting the Dubai financial free zone’s position as a natural platform for investment from the...