Banking & Finance

Prakash updates on Single Window System for industry Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22, to be implemented from from 1 April 2021, Minister of State in the...

Hopes on Budget 2021-22 to accelerate economic growth The Reserve Bank of India (RBI) has kept benchmark interest rate unchanged at 4% while maintaining an accommodative stance, implying rate cuts in the future if need arises to support the COVID-19...

Kataria updates on dam rehabilitation The World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB) will provide most of the funds for the Rs.10,211 crore Phase II and Phase III of Dam Rehabilitation and Improvement Project (DRIP) to improve...

Long-term objectives to have funds replace Govt spending The Finance Act, 2020, has introduced tax exemptions for Sovereign Wealth Funds (SWFs) and Pension Funds (PFs) for income in the nature of dividend, interest or long-term capital gains arising from investments...

Bonds reflect international investors confidence in PFC business Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has raised US$500 million on 29 Jan 2021 through the issuance of USD denominated Bonds to be utilized in accordance with...

India builds momentum for 10% GDP growth in 2022 The Indian government is likely to provide further support to the financially-strapped public sector banks, having allocated a capital of Rs.200 billion in Budget 2021-22 for the state-owned lenders as part...

More economic corridors being planned Finance Minister Nirmala Sitharaman has listed out major projects that will be covered in the Rs.118,101 crore for Ministry of Road Transport and Highways under budget 2021-22 which was presented in parliament on 1 Feb...

Sitharaman launches 'National Monetization Pipeline" A Bill will be introduced to set up Development Financial Institution (DFI) which will act as a provider, enabler and catalyst for infrastructure financing with a lending portfolio of at least Rs.5 lakh crore in...

Need to rationalize duties on textile raw material, says FM The Government has proposed a scheme of Mega Investment Textiles Parks (MITRA) to enable the textile industry to become globally competitive, attract large investments, boost employment generation and exports. The...

Subsidy for flagging merchant ships Seven projects worth more than Rs.2,000 crore will be offered by the major ports on Public private partnership mode in FY21-22, announced Finance Minister Nirmala Sitharaman while presenting Union Budget 2021-22 in Parliament on 1...