The government on Friday notified the rules for insolvency and liquidation proceedings of financial service providers (FSPs). These rules, notified by the ministry of corporate affairs, will not be applicable to banks, reports Ruchika Chitravanshi.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government has sacked these officers ranging from the ranks of principal commissioner to assistant commissioner, some of whom were already under suspension.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Lower cost and easier termination may well be among the reasons that companies seek to have employees on contract. The share of employees on contract has increased to 57.3 per cent of the total workforce this year as compared to 53.7 per cent in the previous year.
Out of 30 key export sectors, as many as 22 showed negative growth in September.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The powerful image of the distraught man, struggling to reach home in Begusarai, almost 1,200 km away during the nationwide lockdown, was widely shared across all media, becoming a defining image of the trauma of lakhs of migrant labourers stranded away from home.
These PSU banks also account for the lion's share of bad loans or NPAs plaguing the sector and need crores of rupees in new capital in the next two years to meet global Basel III capital norms.
Imagine a world in which a human only thinks, and a robot cooks the whole meal.
Since no insurance companies share data on their claims with each other, the finance ministry and Irdai suspect that a lot of the resultant claims are duplicates.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
The party's gamble to go in for early elections paid rich dividends.
Prodded by Mamata Banerjee, Keya Sarkar updates her voter card only to discover...
Christmas is a perfect time for most NRIs to travel back to India and include property buying in their schedule. Ahmedabad, Kochi, Ludhiana and Chandigarh are some cities that witness generous investments from NRI investors.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
Export sectors that showed positive growth last month included chemical, iron ore, electronics, marine products and pharmaceuticals. Decline in overall imports, including oil and gold, led to narrowing of trade deficit.
Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said.
BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
Chand was honoured with Kirti Chakra, the second highest peace-time decoration, for displaying great presence of mind, valour and conspicuous gallantry before making the supreme sacrifice.
Kumar Mangalam Birla will be the non-executive chairman and Balesh Sharma the new CEO of the merged entity, which will remain listed.
The survey found that 76 per cent of employees whose current workplace does not offer remote work options would consider switching to a job that offered more flexibility, while 42 per cent said they have already searched for such job options.
Kumar's comments quoting 16th century poet Rahim were seen as a veiled attack on Lalu.
The scheme, which will be effective from July 1, 2019 would benefit 36 million employees and 1.28 million employers. The ESI Act applies to factories with 10 or more workers and provides for medical, cash, maternity, disability and dependent benefits to employees drawing a salary of up to Rs 21,000 per month.
'This is just a harmless card that helps me beat the system occasionally... being labelled a Scheduled Caste is another cup of tea altogether.'
On December 31, we invited you to share your biggest wish for this year. We bring you the first few responses!
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
'The vitriolic campaign now in progress, the underlying threat of violence, and the elevation of Pragya Thakur as a star candidate are key markers in the BJP's obstacle-strewn march back to New Delhi,' says Sunil Sethi.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
I would advise at least a 7 year investment time frame for Equity Investing
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
India needs to make use of this opportunity to significantly enhance its exports especially in information and communications technology and the automotive sector.
Will Priyanka Gandhi emerge as the surprise Congress candidate for the top job?
The 21-year-old is on course for his maiden professional title after a third-round three-under 69. Vijay Kumar and Uttam Singh Mundy following him closely.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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