Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
US regulator seeks Sebi's help in probing online Ponzi scheme run by duo under American names
Over 700,000 new investor accounts have been opened so far in FY15.
APAs are part of govt's aim to move to a non-adversarial tax regime.
Officials say telco still keen on process.
As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
More companies with unconventional business models to get into messy legal hassles in India.
Govt expects to save Rs 10,000 crore through this move.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
States' demand for 5 years and Constitutional provision ruled out
It came down from $1.94 billion in 2009-10 to $1.17 billion the next year and to $1.11 billion in 2011-12.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
The sector needs to move away from such concepts.
Bureaucrats are finding it difficult to keep pace with Modi's working style -- from long work hours to faster clearance of files -- it is a telling tale in the corridors of power. Vrishti Beniwal finds out
Some experts had said the Budget did not have much in terms of big ideas.
The state has extended its full support, provided its revenues are protected.
ICICI Bank, HDFC Bank, Infosys, SBI and L&T among fund managers' preferred bets.
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