The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
Go for high quality and low-to-medium-duration funds in your debt portfolio
The Reserve Bank of India (RBI) on Wednesday gave banks time till October 31 to comply with its guidelines on current account and overdraft facilities. The central bank indicated that it was in no mood to change the proposed rules, but would only allow for stretching the timeline for smoother implementation. The initial deadline had ended on July 31, leading to thousands of current accounts being closed or frozen by banks. Lenders had requested the RBI for some more time to resolve the operational issues in implementing the provisions of the August 2020 circular in letter and spirit.
If you are making any drastic changes, make sure there is adequate documentation
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Loan rates will change at the next reset, while deposit rates will continue till maturity.
The PM said there was a need to tackle the problem of terrorism in an organised manner.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Make yoga your way of life and enjoy the unconditional and uncountable benefits leading to better physical and financial health, says Harjot Singh Narula
The chairman's post will soon fall vacant, but that's not the only one that needs to be filled.
If you are new to investing andarenot sure how ademataccount worksoperates, here is everything you need to know aboutdemataccounts and what happens when you buy or sell shares online.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
'As a donor, you may think you are saving one life. But you touch the lives of the entire family and community associated with the person. And it only cost you a few hours of your life.'
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Mexican President Enrique Pena Nieto's decision to cancel his planned trip to the United States next week was mutually agreed upon, US President Donald Trump has said stating that such a meeting would be "fruitless unless Mexico is going to treat America fairly".
Only in case of equities will the nominee will automatically get the money.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Analysts expect RBI to restore 100-bp corridor in Tuesday's policy review.
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
A downturn in Indian demand could hit global gold prices.
'It is especially discouraging for young people in the development sector. I've noticed that many of them are actively considering other career options to escape this atmosphere.' Geetanjali Krishna reports.
23 Yards will include body wash, beard oil, shaving gel, deodorant and sanitizer.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
News of all that transpired on and off the football field.
Modi, upon arrival, was received by External Affairs Minister Sushma Swaraj.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
The BRICS stressed on resolution of conflicts in a declaration issued after a virtual meeting of foreign ministers of the member nations of the grouping. The meeting was attended by External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi.
If new goals have emerged, this is the time to make fresh investments.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
Persistent efforts by the Board of Control for Cricket in India and its full members to block implementation of some crucial recommendations of the Justice Rajendra Mal Lodha committee on Wednesday provoked the Supreme Court to observe that public functions relating to cricket can be taken over by the government with the enactment of a law in Parliament.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances