he hike in service tax rate from 12.5 per cent to 14 per cent will increase the costs of buying
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
Here's a quick glimpse into what goes into the making of a person's CIBIL TransUnion Score
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
'During his visit to Vietnam on September 3 -- the first visit by an Indian prime minister in 15 years -- Modi will notice the widespread anti-China sentiment in that country.'
The action against the Lucknow passport officer was a hasty reckless decision taken by an establishment playing to the gallery to appease the pseudo-secular elite of the country, the Lutyens Delhi lobby intent on discrediting the Hindu identity, and an action that blatantly violated the basic tenets of justice, argues Vivek Gumaste.
Reducing dependence on wholesalers will give the company better control over its inventory, besides offering greater visibility to new brands, reports Avishek Rakshit.
Coming down heavily on Congress for asking the government to come clean on the Pakistani boat incident, Bharatiya Janata Party on Sunday accused the principal opposition party of touching a "new low" and doing politics over terror.
The move will likely attract more retail investors.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
This is a terrible situation for a growing economy to be in, and the central bank would be expected to act to correct the situation.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
RBI awaits fiscal stance, inflation to cool off to decide on rates.
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
Over the past few months, macro parameters have improved.
Indian security agencies in possession of telephone bill, passport details that the underworld don lives in a upscale Karachi locality, reports The Hindustan Times
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
In the past two weeks China has cut interest rates.
'In the hands of a majoritarian government, with utter contempt for the cultural plurality and diversity of our great nation, the pipe dream of making Hindi the sole official language takes on nightmarish proportions.'
India is devoting itself to promoting a strategy of diversifying its energy sources.
India borrows ideas that we don't need, like the FRDI Bill, and ignores the ones we need, like rewarding whistleblowers such as the ones who want to save Bombay Mercantile Bank, says Debashis Basu.
NIA officials told rediff.com that they have intimated both the Intelligence Bureau and the Research and Analysis Wing to seek more information from Bangladesh regarding the operational capabilities of an outfit named Hizbut Tahrir, which since the past three years has been working closely with the Indian Mujahideen.
Over two dozen Muslims have been elected to the Lok Sabha. This shows that all is not lost for India's Muslims, suggests Mohammad Sajjad.
Weak monsoon forecast rekindled fears of higher inflation.
Telegram, the new messaging app, is fast catching up on the popularity charts of many Indians. Himanshu Juneja lists top features of the Russian-made Telegram that beats WhatsApp hands down.
Car makers are either tweaking their existing engines or developing new powertrains to attain maximum mileage numbers and attract more buyers.
RCap had proprietary investment book of Rs 2,000 crore (Rs 20 billion) as on end-March and owns stake in a host of companies.
A dummy's guide to all you must know about before availing an education loan
Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.
There's a certain amount of drama to the profession. Sample these taglines: 'We can see the unseen'; 'I can plant my detective in your guest bedroom.' One agency has even ensured that all its phone numbers end in '007'.
Stop hiding information. Be communicative.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
'Chinese dominance reduces India's influence in South and Southeast Asia and erodes its status globally.' 'For a country striving to create a multipolar Asia, it would be a serious setback,' says Brigadier S K Chatterji (retd).
Besides being young, one might also have to be a professional or self-employed.
Nirmala Sitharaman has a God given opportunity to orchestrate a transformation in India's defence capabilities. One hopes she has her own counsel and does not overly let the PMO run her ship, says Group Captain Murli Menon (retd).
HFCs and banks expect a drop in demand for housing loans in the short-term.
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