Abhijit Lele &Amp; Vrishti Beniwal

Stories by Abhijit Lele &Amp; Vrishti Beniwal

SBI readies plan to improve profitability

SBI readies plan to improve profitability

Rediff.com   20 Feb 2014

NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.

Past subsidies rollover to hit fiscal adjustment

Past subsidies rollover to hit fiscal adjustment

Rediff.com   12 Feb 2014

For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.

Benefits transfer scheme minus LPG dole a flop-show

Benefits transfer scheme minus LPG dole a flop-show

Rediff.com   31 Jan 2014

Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.

I-T dept to use information from banks to nail tax evaders

I-T dept to use information from banks to nail tax evaders

Rediff.com   27 Jan 2014

Details of identity and residence will not be required for exchange of notes between April 1 and June 30.

Divestment, dividend to fetch govt Rs 55,000 crore

Divestment, dividend to fetch govt Rs 55,000 crore

Rediff.com   24 Jan 2014

To check fiscal deficit, government needs to drastically cut Plan expenditure.

White-label ATM rollout in slow lane

White-label ATM rollout in slow lane

Rediff.com   15 Jan 2014

Bankers and executives involved in ATM operations said challenges abounded in this segment.

Korea eyes better banking footprint in India

Korea eyes better banking footprint in India

Rediff.com   7 Jan 2014

The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.

Common return for service tax, excise duty on back burner

Common return for service tax, excise duty on back burner

Rediff.com   6 Jan 2014

Common return for excise duty and service tax was envisaged when 119 services were taxed.

Banks seek leeway from RBI

Banks seek leeway from RBI

Rediff.com   6 Jan 2014

Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up

Be ready to pay more for ATM transactions this year

Be ready to pay more for ATM transactions this year

Rediff.com   2 Jan 2014

At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.

Implementation of tax reforms unlikely before 2016

Implementation of tax reforms unlikely before 2016

Rediff.com   23 Dec 2013

Years of wait before DTC, GST are rolled out

In damage-control mode, UPA may offer pre-poll sops

In damage-control mode, UPA may offer pre-poll sops

Rediff.com   16 Dec 2013

Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.

New worries for banks

New worries for banks

Rediff.com   11 Dec 2013

Delays in returning money for disputed transactions have also come under RBI's scanner.

Economic Survey unlikely in February

Economic Survey unlikely in February

Rediff.com   5 Dec 2013

Survey likely to be tabled in July by the new government.

Sumit Bose likely to head PFRDA

Sumit Bose likely to head PFRDA

Rediff.com   3 Dec 2013

The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.

Govt zeroes in on six firms for divestment

Govt zeroes in on six firms for divestment

Rediff.com   27 Nov 2013

Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore

Govt's proposal to tax the super rich may not find takers

Govt's proposal to tax the super rich may not find takers

Rediff.com   20 Nov 2013

The proposal to levy a 'super-rich' tax, at the rate of 35 per cent, on those earning more than Rs 10 crore a year might not receive support of the Union Cabinet.

Half of the traders don't have PAN

Half of the traders don't have PAN

Rediff.com   20 Nov 2013

Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.

Sebi move on FPI regime grounded

Sebi move on FPI regime grounded

Rediff.com   19 Nov 2013

Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.

New bank licences: First-level screening of applications on Dec 16

New bank licences: First-level screening of applications on Dec 16

Rediff.com   15 Nov 2013

Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.