Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.
Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
Ajit Balakrishnan offers a thinking man's guide to e-commerce controversies.
Pulbic banks have no reason to cheer Budget announcement.
There have been concerns in India about limited flow of tax information from Switzerland about Indian citizens, who have allegedly stashed away unaccounted money in Swiss banks.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
The tepid economy has hit most sectors, from automobile and pharmaceutical industries in the district to its tourist footfall, reports Archis Mohan
With this relaxation more than 77 per cent of the depositors will be able to withdraw their entire account balance.
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Accounted for 18.8 per cent of total imports in the region in 2010 vs Singapore, which contributed 17.8 per cent.
However, the growth during the next financial year would be higher at 8.1 per cent in case of a second wave of the coronavirus and bit slower at 7.9 per cent if the virus recedes and remains under control.
'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.
Switzerland finally signed an agreement to exchange information on potential money launderers and tax dodgers last week but neither this nor a modified tax avoidance treaty is likely to help India.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
'No action will be taken against Ajit Pawar. I am sure.'
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
The Congress and JD-S have made much of Amit Shah's remarks about milk co-operatives. 'If the Opposition harps on the statement, it could add to the narrative that Gujarat was trying to take over Karnataka.'
In a major relief to Indian information technology (IT) companies operating in Australia, Canberra has agreed to amend its domestic laws to stop taxing offshore income of such Indian companies, as part of the free trade deal inked. This may lead to savings up to $200 million each year for over 100 Indian IT companies operating in Australia. "The Government of Australia has agreed to amend the domestic taxation law to stop the taxation of offshore income of Indian firms providing technical services to Australia. "This will resolve the issue that the Indian government has raised about the double taxation avoidance agreement (DTAA) between the two governments for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income," said a commerce ministry official.
The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.
The AIADMK supremo retained 13 of her ministers, who were in the previous cabinet, besides inducting 17 new faces including four women.
Changes in global oil and gas rates matter more to India's economy than other major economies because the country imports around 87 per cent of its oil, half of its gas in the form of LNG, and over 60 per cent of its LPG.
Everybody in Tamil Nadu, it seems, has an opinion on superstar Rajinikanth entering politics. A Ganesh Nadar presents a cross-section of views on the actor's chances in the electoral arena.
NCP spokesperson and Maharashtra minister Nawab Malik said that AICC general secretary H K Patil was told about this scheduled meeting when he and other Congress leaders met Pawar in Mumbai recently.
The Organisation for Economic Co-operation and Development (OECD) has in its latest report applauded the Indian economy's resilience and has projected a growth rate of 7 per cent in 2010 and 7.5 per cent for 2011. However, it says that India's central bank must tighten its monetary policy fairly soon to contain the rising inflation. "Given the speed at which inflation has bounced back, monetary policy will need to be tightened fairly soon," the Paris-based OECD.
The transformational reforms like GST, Bankruptcy Code and recapitalisation of banks, Black Money Act, demonetisation, flexible inflation targeting and adoption of fiscal discipline (FRBMA), etc, have temporarily and purposefully pulled us back only to propel us forward with greater velocity, Rajiv Memani.
Not all stairways go to heaven; not all forecasts based on fundamentals come true, e.g. the Indian rupee at 33/$ and oil at $200/barrel?
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Asian Development Bank is working on a grand plan to link Kabul with Bangkok and Hanoi through India as a part of its goal to link Asia.
The Indian Council of Agricultural Research announces the Tenth All India Entrance Examination for admissions to its Undergraduate Programmes.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
By jettisoning the vision of multilateral world in favour of a Han Empire, China has posed a major long term challenge to India. India must stand firm against Chinese expansionism but also keep a door open for future detente by making a clear distinction between Chinese people and the current Chinese leadership, observe Lieutenant General Ashok Joshi (Retd) and Colonel Anil Athale (Retd).
The dairy company has alleged that Google India and also goDaddy.com were misusing their platforms for earning revenues through advertisements on fake B2B campaigns that duped innocent individuals seeking Amul franchise across India.
Though the show cause was issued in May, the order came after three months.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Net1's chief executive and chairman Serge Belamant said the Indian government was interested in the biometric verification technology that the company has been using in South Africa.
Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs 2 lakh.
'The experience so far is a shocking example of how critical scheme of national importance can be brought into disrepute by inefficient and badly designed implementation,' says Dr Madhav Godbole, the former Union home secretary.
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