Finance Minister Nirmala Sitharaman in an interview with ET has emphasized that banks must refocus on their primary roles of mobilizing deposits and providing loans, especially amid concerns about slowing deposit growth. Sitharaman reiterated the need for banks to prioritize…
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The GIFT-IFSCA is akin to the Hercules pillars serving as the gateway for India linking her to the global economy and the new hotspot for foreign investment. In furtherance of its efforts towards the challenging task of mobilizing climate finance…
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LCR is a liquidity requirement for banks to maintain at all times a certain proportion of high-quality liquid assets (HQLA), including cash, reserves with central banks, and federal government bonds, which can easily be converted into cash.
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On July 25, The nine-judge Constitution bench of the Supreme Court has held that royalty payable on minerals is not tax. The majority judgment was authored by Chief Justice of India DY Chandrachud on behalf of himself and seven colleagues.The…
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The penalty confirmation was received on July 24, 2024. Escorts Kubota has expressed its intention to appeal against the order, citing the penalty as a result of an unintentional clerical mistake. The financial impact of this penalty is significant.
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The MoS, Ministry of Petroleum and Natural Gas, Suresh Gopi has said that the GST Council in which all States and UTs are represented, has not made any recommendation for inclusion of these goods under GST.
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