Income tax collection, by way of advance tax and TDS, in the April-June quarter was about 80 per cent of what was collected in the same period last year.
If you are running a sweetmeat shop, will you manage a dairy for milk supply or buy milk from the market? Banks are running a dairy (which has its cost for processing milk), while NBFCs are buying milk from the market, observes Tamal Bandyopadhyay.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
The minutes of the December MPC meet reveal members felt the current spike in the headline inflation rate was due to a temporary supply shock on the food front, expected to moderate by the second quarter of 2020-21.
SBI was the top gainer in the Sensex pack, rallying over 10 per cent, followed by Kotak Bank, Dr Reddy's, UltraTech Cement, ITC and HDFC Bank. On the other hand, Axis Bank, Bharti Airtel, ICICI Bank, Maruti and HCL Tech were among the laggards.
The business will also see a change of guard. Shailesh Chandra, president of EV and corporate strategy, will replace Mayank Pareek as president of PV business, including EV, with effect from April 1. Pareek will be superannuating from the company after a six-year stint at the end of February 2021. Chandra and Pareek will work on transition over the next few weeks.
While a scheme allowing short-selling of securities is expected to come into force from July, exchanges and depositories are finalising a mechanism for lending and borrowing of securities, without which the scheme cannot be implemented.
'Where in the world you get 12.5 per cent return of interest?'
Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
Reacting to allegations that his party was dividing anti-BJP votes, Owaisi said he was running a political party that has a right to contest on its own.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
The ICC's ban will be effective from the first international series between England and West Indies, starting July 8.
Indian and foreign bankers are expecting the Reserve Bank to raise repo and reverse repo rates by 25 to 50 basis points each.
Affluence without conscience, haunted homes and heads, a big fat Punjabi wedding and more on OTT this week. Here are Sukanya Verma's 10 recommendations.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
'There were moments when you didn't know if you will get out of there alive.'
Consumers can effectively make payments using UPI and other debit cards, credit cards and internet banking across 120 banks and over 120 billers, Xiaomi said.
We can expect to see more Chinese wolf warrior diplomats on the prowl, in India's neighbourhood, though its mailed fist is not so visible while dealing with India, observes Colonel R Hariharan (retd).
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
When taking a loan, it is important to look at various factors, and not just the interest rate, says Tinesh Bhasin.
Climate activist Disha Ravi along with Mumbai lawyer Nikita Jacob and Pune-based engineer Shantanu created the 'toolkit' related to the farmers' agitation and shared it with others to tarnish India's image, the Delhi Police said on Monday.
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
RBI sees marginal improvement in economic growth to 5-6%.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
During the calendar year up to October 9, foreign institutional investors have lent shares of 224 companies, according to latest data released by the Securities and Exchange Board of India on Friday.
"There is no reason for Indian market to go down just because the eastern markets are down. Nobody should sell in panic," he said.
The RBI's reluctance to cut rates should be seen as a case of inability in the face of inflation.
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
The Delhi Police claimed that Disha Ravi, who was arrested by a Cyber Cell team of the force on Saturday, was an editor of the 'toolkit Google doc' and 'key conspirator' in the document's formulation and dissemination.
The Congress leaders agreed that demonising Prime Minister Narendra Modi was "wrong" and he should be praised for doing the right things.
RBI cut the repo rate - the rate at which the central bank lends to banks in exchange for government securities for a period ranging from one to three days -by one percentage point after a gap of four years. This move was preceded by RBI reducing the cash reserve ratio - the money that banks keep with central bank - by 250 basis points (one basis point is one-hundredth of a percentage point).
Demand among several pre-Budget representation by BSE Brokers' forum
