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NEW DELHI: Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. The move is aimed at facilitating ease of doing business. Under the rule, the broker is required...
MUMBAI: The size of Reserve Bank’s balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank’s annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs...
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday released a master circular on health insurance specifying that an insurer will have to decide on cashless authorisation within an hour of its request, a move aimed at boosting cashless initiatives. Insurance companies have been given time...
MUMBAI: Continuing its scrutiny of banks and other financial entities, and the imposition of restrictions, the Reserve Bank of India (RBI) on Wednesday barred Edelweiss Asset Reconstruction Company (EARCL) from acquiring financial assets. It also directed ECL Finance not to undertake any structured transactions for its wholesale exposures. The...
NEW DELHI: The current state of the labour market in India depicts the presence of low to moderate “underemployment”, a paper by the statistics ministry said on Wednesday, in an official acknowledgement of the dismal jobs scenario in the country. The paper measures underemployment using a multidimensional approach, and...
NEW DELHI: Nearly every one in five workers employed in the organised non—farm establishments in the first half of FY23 was a contractual hire, according to the latest Quarterly Employment Survey (QES) results released by the Labour Bureau. According to the report released on Tuesday, the share of contractual...
MUMBAI: Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released on Thursday. The amount with the Depositor Education and Awareness Fund stood at Rs 62,225 crore at...
MUMBAI: Cost of living in a particular city does not influence the compensation packages for talent, a survey of recruitment leaders undertaken by a consultancy firm revealed. Around 95 per cent of human resources leaders and talent acquisition heads from 40 companies across 10 sectors said “cost-of-living differences across...
NEW DELHI: For fresh graduates looking to enter the job market, skills like design, analytics and programming can open up a wealth of career opportunities, according to the leading professional network LinkedIn. Software Engineer, System Engineer and Programming Analyst are the top jobs for bachelor’s degree holders, as per...
NEW DELHI: S&P Global Ratings on Wednesday upgraded India’s sovereign rating outlook to positive from stable while retaining the rating at ‘BBB-’ on robust growth and improved quality of government expenditure. S&P said it could upgrade India’s sovereign rating in the next 2 years if the country adopts a...
MUMBAI: Reserve Bank Deputy Governor Swaminathan J has expressed concern over the increasing regulatory violations and warned Asset Reconstruction Companies (ARCs) to ensure compliance without needing the regulator to point out the issues to them. Addressing a conference attended by top management of ARCs in the country on May...
MUMBAI: Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, falling for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls. The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90....
NEW DELHI: The commerce ministry held deliberations with experts, former officers and senior officials from different departments on framing a standard operating procedure for free trade pacts and other related issues under these agreements, an official release said on Tuesday. The commerce ministry in the release stated that the...
MUMBAI: Bank credit growth is expected to moderate to 14 per cent in the current financial year (FY25) after an estimated robust growth of about 16 per cent year-on-year (Y-o-Y) in FY23 and FY24. The growth in FY25 will be tempered by a high base effect, a revision in...
NEW DELHI: India could increase its FY25 capital expenditure outlay by 8-10% from the ₹11.11 lakh crore allocated in the vote on account when the full budget is presented thanks to better-than-expected tax revenue and a record surplus transfer by the RBI to the government. “Both tax and non-tax...
NEW DELHI: As the multi-national companies recognise the importance of diversifying supply chains, India and Vietnam are the key beneficiaries as global firms are looking for supply chain alternatives outside of China, a new report by global investment bank Nomura has stressed. India and Vietnam are gaining the most...
NEW DELHI: Bharti Airtel, Reliance Jio, and Vodafone Idea have sought a 5-6 year interest-free payment gap or moratorium on the spectrum bought in auctions in 2025 and beyond. Spectrum is leased to operators for a 20-year period, so this means, the operators want that they pay for only...
NEW DELHI: The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted...