New Delhi, Apr 1 (KNN) The Reserve Bank of India (RBI) has extended key trade relief measures for exporters in view of continued geopolitical uncertainties and logistical disruptions arising from the West Asia crisis. The central bank has now allowed an enhanced export credit period of up to 450 daysContinue Reading
New Delhi, Mar 10 (KNN) Minister of State for Finance Pankaj Chaudhary informed Parliament that the Reserve Bank of India (RBI) has issued comprehensive directions on lending against gold and silver collateral to standardise norms across regulated financial institutions. RBI Issues Unified Framework For Loans Against Precious Metals According toContinue Reading
New Delhi, Mar 18 (KNN) The government has clarified that there is no specific legal definition of High Net Worth Individuals (HNIs) under the Income-tax Act, 1961, with taxation of individuals based on income slabs regardless of the source of income. Minister of State for Finance Pankaj Chaudhary said incomeContinue Reading
New Delhi, Apr 1 (KNN) Crisil Ratings on Wednesday projected bank credit growth to moderate to around 13 per cent in FY27 from an estimated 14 per cent in FY26, amid ongoing tensions in West Asia. The rating agency indicated that asset quality has likely bottomed out, with gross non-performingContinue Reading
New Delhi, Mar 9 (KNN) Finance Minister Nirmala Sitharaman on Monday said that banks provide zero-balance savings account facilities to ensure financial inclusion and universal access to banking services. Replying to a question in Lok Sabha, the minister said Basic Savings Bank Deposit Accounts (BSBDAs), including accounts opened underContinue Reading
New Delhi, Mar 18 (KNN) The government has strengthened the institutional credit framework for agriculture and allied sectors through a series of policy measures aimed at improving access to timely and affordable finance, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. KeyContinue Reading
New Delhi, Apr 4 (KNN) The Corporate Affairs ministry is expected to soon notify a revised audit regime aimed at aligning India’s auditing framework with global benchmarks. The move is also likely to resolve long-standing differences between the country’s two key audit regulators. Officials on Wednesday said the ministry recentlyContinue Reading
