‘Indian banks 2nd only to Chinese counterparts in exposure to risks’

‘Indian banks 2nd only to Chinese counterparts in exposure to risks’

  New Delhi, Nov 30: Indian banks’ exposure to risks has risen and is now second only to those in China in the Asia-Pacific (APAC) region due to large loans given to businesses having poor repayment capacity, ratings agency Moody’s Investors Services has reportedly said. The Moody’s report said that while India’s overall credit penetration […]

Fiscal deficit reaches 96% of FY18 target at October-end

  New Delhi, Nov 30: India’s fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18, mainly due to lower revenue realisation and rise in expenditure. In absolute terms, the fiscal deficit — the difference between expenditure and revenue — was Rs 5.25 lakh crore during April-October […]

Sebi orders forensic audit of Svam Software amid crackdown on shell cos

Sebi orders forensic audit of Svam Software amid crackdown on shell cos

New Delhi, Nov 29: Markets regulator Sebi has ordered a forensic audit of Svam Software, which figures among 331 suspected shell companies, after finding prima facie evidence of misrepresentation of financials by the firm. While calling for the forensic audit, the Securities and Exchange Board of India (Sebi) has lifted the trading restrictions imposed on […]

Govt has not waived any loans of big NPA defaulters: Jaitley

Govt has not waived any loans of big NPA defaulters: Jaitley

  New Delhi, Nov 29: The government has not waived any loans of big NPA defaulters, Finance Minister Arun Jaitley said today dismissing rumour that loans of capitalists are being written off by banks. In a blog, Jaitley said that over the last few days, a rumour is being propagated regarding waiver of loans of […]

Analysts forecast better Q2 show with a GDP print of 6.4%

Analysts forecast better Q2 show with a GDP print of 6.4%

  New Delhi, Nov 29: Analysts are expecting an higher dataprint for the September quarter GDP that will be announced tomorrow, with some of them pegging it at 6.4 per cent, after the disappointing performance in the preceding quarter. “The first quarter growth at 5.7 per cent–a three- year low–did cause a lot of heartburn, […]

Trai proposes to keep internet free with some exemptions

Trai proposes to keep internet free with some exemptions

  New Delhi, Nov 28: Telecom sector regulator Trai has recommended upholding the basic principle of keeping internet free and not allowing any discrimination based on content. However, the regulator has proposed to exempt specialised services, which are optimised for specific content and are not internet services. Department of Telecommunications (DoT) may identify these specialised […]

Oil Minister pitches for including gas in GST

Oil Minister pitches for including gas in GST

  New Delhi, Nov 28: Oil Minister Dharmendra Pradhan today made a strong case for inclusion of natural gas in the Goods and Services Tax, saying that if polluting coal can be included, then the environment-friendly fuel certainly deserves a place in the new regime. “Coal has been included and levied with 5 per cent […]

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