The central bank will send its comments to the finance ministry shortly. Sources close to the developments said a better way could have been worked out to increase the sectoral caps. The sources said while a cap was meant to protect the interest of the Indian shareholders in sensitive sectors, the new mode of calculation of indirect foreign holding provided for a circuitous way.
Secured credit cards offer benefits similar to regular credit cards and hence an applicant should try and get a card with lower fees and more features, suggests Sarbajeet K Sen.
As the 'Deadly Dutt' turns senior citizen, Sukanya Verma looks back at 10 of his most underrated performances.
Hasmukh just doesn't make you laugh and that's its biggest tragedy, complains Moumita Bhattacharjee.
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
Jaishankar criticised the UNHRC for its criticism on the situation in Jammu and Kashmir,
VIL pegs dues at Rs 21,533 cr, less than half of DoT estimate. During a meeting with Vodafone Group CEO Nick Read, Telecom Minister Ravi Shankar Prasad made it clear that the government is against a monopoly in the telecom sector, and wants Vodafone Idea to survive and remain invested in India.
Over 74 lakh voters will seal the fate of 628 candidates in electronic voting machines between 8 am to 5 pm when polling concludes, state Election office informed.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
The finance ministry is of the view that all interests -- direct and indirect -- should be taken into account and that there should not be any threshold for calculating total effective foreign shareholding in a company.
Naveen Kukreja explains the finer points to keep in mind while planning for your retirement.
While existing base rates and loans linked to it will continue, new loans will be linked to the MCLR, which is likely to be lower
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
The RBI will take action against, apart from erring auditors, those responsible for wrong information in a bank's financial statements, incorrect certification given by auditors, wrong information given in the Long Form Audit Report, and any other violations of the RBI's rules and regulations on auditing.
'While high-level interventions may help smoothen inter-State relationships, they cannot fundamentally change the alchemy of such relationships, which are firmly rooted in mutual benefits and mutual interests,' points out Ambassador M K Bhadrakumar.
This is expected to cut last-minute rush for reservations.
The Modi government caved in under American pressure without even token resistance. Two countries similarly placed as India with high dependence on Iranian oil -- China and Turkey -- have shown the grit to stand up to Washington, says Ambassador M K Bhadrakumar.
Such a move will help bring clarity to the Centre's estimates of the demonetised amount
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
Katy Sheen, a physicist at the University of Exeter in the UK, explains how Santa Claus travels over 200,000 times faster than Usain Bolt, the world's fastest man.
Here are some very important credit gyaan you wish you had got from your parents
'These are people who are anxious to die.' 'We have not seen such type of committed people anywhere.'
Whilst politicians promise to uphold the honour and interests of our soldiers, the very opposite is being done, says Karan Thapar.
DMart's everyday low pricing model is being replicated aggressively by most players (online as well offline retailers), compelling the firm to keep prices down significantly.
The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.
An injury to his preferred horse has jeopardised Fouaad Mirza's qualification chances for the Tokyo Games but the double Asian Games silver medallist is confident of making the cut for the Olympics in the equestrian event.
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
The entrepreneur, who draws a minimum wage, won't be paid if he doesn't meet ambitious goals. But...
The gains from investing in direct plans can be higher than the difference in expense ratios.
'The killings are a worrisome escalation of tensions, but little is known about the immediate causes or results of the fight in Galwan and it is not possible, at this point, to assign blame'
Financial inclusion has become fashionable once again, and the formal sector -- banks and micro-finance institutions -- is straining every nerve to dole out these microscopic loans, and mostly failing because that is not their institutional design.
'If it is airborne -- and we don't know till what distance it can be airborne -- then the mask becomes a definite.' 'Just social distance is not enough.' 'You need a mask in addition to social distance.'
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Deposit certificates will also be exempt from capital gains tax.
Exports in January 2014 stood at $26.89 billion.
In an online chat with Get Ahead readers July 8, financial expert Anil Rego answered their queries on education loan. Here is the chat transcript
LS MPs are paid Rs 2.8 lakh per month plus travel and other perks which works out to nearly Rs 177 crore for 545 MPs during the last financial year. Add another Rs 78 crore for the Rajya Sabha MPs, according to data.
'There is a compulsion to look hard, decisive, and risk-taking; start something; and then conclude it in a way you can claim victory.' 'That is not such an easy option against China,' notes Shekhar Gupta.
Help yourself and your family financially by not falling prey to these, says Naval Goel
