Splco emerging trend in bilingual online media
The Exim Bank has started the new year on a high note raising $1 billion through a dollar-bond sale to international investors, offering just 2.25 per cent for the ten-year money, setting a new low in pricing. The Exim Bank, with a substantially dollarised balance sheet, is one of the largest domestic issuers of long-term Read More…
The GST Council in its meeting on October 5 said registered person having an aggregate turnover up to Rs 5 crore may be allowed to furnish return on a quarterly basis along with monthly payment of tax, with effect from January 1, 2021. With the launch of the QRMP scheme on December 5, taxpayers Read More…
Inside GST Input tax collection higher than the output tax paid tax Single issue , two High courts given two different orders raised confusions Contrary to a Gujarat High Court (HC) verdict, the Madras HC on Monday held Rule 89(5) inserted by the government under the CGST Act on restricting such input tax refunds Read More…
Following Economy down scale prior outbreak of Covid-19, and then lockdown issue bank credit growth fallen drastically to 7 per cent in May from 11.5 per cent a year ago. The growth is likely to remain muted during the current fiscal due to uncertainty and consequent risk aversion on part of borrowers as well Read More…
Bank credit and deposits grew 6.25 per cent and 10.64 per cent year-on-year to Rs 102.23 trillion and Rs 138.30 trillion, respectively, in the fortnight ended May 22, according to the latest data from the Reserve Bank of India. In the fortnight ended May 24, 2019, bank loans had stood at Rs 96.21 trillion and Read More…
The Finance Ministry on Sunday said public sector banks have disbursed Rs 8,320 crore till June 5 under the Rs 3-trillion Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown. PSBs have sanctioned loans worth Rs 17,705.64 crore under the 100 per cent ECLGS starting June 1. Read More…
Former Reserve Bank of India Governor Raghuram Rajan has cautioned the government against giving loans and loan waivers without “due diligence” as these may be preparing the environment for future non-performing assets (NPAs). His comments, in the reply to the estimates committee of parliament, which had sought his views on the NPA crisis, come with Read More…
