Mumbai: The share of residential housing loans in total advances has increased over the last eleven years to 14.2 per cent in March 2023 from 8.6 per cent in March 2012, as per the Reserve Bank’s latest Financial Stability Report (FSR). It also said the housing sector is witnessing a healthy growth with sales growing by…
With the final warning from the Supreme Court on January 2022, the Narendra Modi government at the Centre appears to be determined to bring in the Uniform Civil Code (UCC) Bill in the monsoon session, starting July 20. Although the final draft is yet to be made public, campaigning has begun in support and against…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said Goods and Services Tax (GST) has increased revenue buoyancy of states, and the all-round benefit stands out as “exemplary”. The multiplicity of taxes in the pre-GST regime resulted in a “tax-on-tax” effect, causing the same product to be taxed multiple times and hence becoming costlier for…
New Delhi: Prime Minister Narendra Modi has described the annual Amarnath Yatra, which began on Saturday, as a divine and magnificent manifestation our heritage. In a tweet, he wished new enthusiasm and energy to devotees from divine blessings and that the country country move ahead quickly in ‘amrit kaal’ to realise its resolve. The first batch…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the public sector banks’ profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy. The net profit of public sector banks (PSBs) has almost tripled…
New Delhi: The Congress on Friday said SEBI’s decision to mandate enhanced disclosure requirements for some foreign portfolio investors points to a “clear admission of guilt” by the market regulator in the wake of Supreme Court’s expert committee recommendations. Congress general secretary Jairam Ramesh asserted, in a statement, that SEBI’s investigation has limited scope and only…
Islamabad: In a major relief to cash-strapped Pakistan, the government and the IMF have reached a long-awaited staff-level agreement on a USD 3 billion “stand-by arrangement” to support the authorities’ immediate efforts to stabilise the economy from external shocks. Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure…
Mumbai: Benchmark equity indices hit their fresh all-time high levels in early trade on Friday, helped by foreign fund inflows and positive trends in the global markets. Buying in index major Infosys and HDFC Bank also helped markets maintain their winning momentum. Rallying for the third straight day, the 30-share BSE Sensex jumped 499.42 points…
Mumbai: TCS has taken action against six employees after finding them guilty of accepting favours from certain staffing firms in the appointment of contractual workers, Tata Sons Chairman N Chandrasekaran said on Thursday. The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual…
New Delhi: Prime Minister Narendra Modi met Goldman Sachs’ key leadership here on Wednesday and highlighted India’s potential and opportunities to the leading global banking and investment firm. “Had a fruitful discussion with the members of the Board and key leadership of Goldman Sachs. Highlighted India’s vast potential for growth, fuelled by recent reforms and a…
