Business
Markets to Be Guided by COVID-19 pandemic, Macro Data, Earnings This Week: Analysts
Market movement this week will be influenced by updates on the COVID-19 front, macroeconomic data announcement, quarterly earnings and global trends, said analysts. They also added that state election results are unlikely to have any major impact on the markets and the major determining factor will be the rising...
YES Bank Rescue Happened in Nick of Time Before Pandemic Struck, Happy with Progress: CEO Prashant Kumar
Mumbai: YES Bank’s rescue act in early March 2020 happened in the nick of time ahead of the COVID-19 pandemic, and even a 15-day delay in it would have meant great difficulty for a lender about to close down, its new managing director and chief executive Prashant Kumar said....
RBI to Strengthen Risk-based Supervision of Banks, NBFCs
The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges. The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperatives banks,...
Govt Waves Late Fee for GSTR-3B, Tax Return Dates Extended Due to COVID-19
Image used for representation. Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees. PTI Last Updated:May 02, 2021, 11:36 IST FOLLOW US ON: The government has waived late...
RBI Gets its Fourth Deputy Governor: T Rabi Sankar
Reserve Bank of India. Image: Shutterstock RBI’s new deputy governor Rabi Sankar’s portfolio may include fintech, information technology, payments system and risk monitoring The Centre on Saturday appointed Reserve Bank of India (RBI) executive director T Rabi Sankar as the fourth deputy governor of the central bank. “The Appointments Committee...
SBI to Keep Soft Interest Rate Regime as Long as Possible: Chief Dinesh Khara
State Bank of India (Image: Reuters) SBI Chief Dinesh Kumar Khara said it is too early to give any colour to likely scenario of NPAs because of local restrictions. The impact of lockdown differ from states to states as it is not uniform. PTI Last Updated:May 02, 2021, 11:59...
Govt Slashes IGST on Oxygen Concentrators for Personal Use to 12%
New Delhi: The government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months till June 30. “IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12...
Allocation of Remdesivir for States Increased Significantly: Gowda
New Delhi: Allocation of antiviral drug remdesivir, which is used in the treatment of COVID-19, has been increased significantly to states to ensure uninterrupted supply to patients, Union minister Sadananda Gowda said on Saturday. Thechemicals and fertilizers minister also said that medical oxygen allotment for Karnataka has also been...
Atul Jerath Steps Down from ITC Board
Conglomerate ITC Ltd on Saturday said Atul Jerath has stepped down from its board of directors following his retirement from The Oriental Insurance Company. This would be effective from Saturday, the Kolkata-headquartered company said in a regulatory filing. “Mr Atul Jerath has stepped down from the Board of Directors...
GST Revenue Collections Hit Record High of Rs 1.41 Lakh Crore in April
GST revenues have crossed the Rs 1 lakh crore mark successively for the last seven months GST revenues for April 2021 are 14% higher than Rs 1.23 lakh crore collected in March, the ministry said. PTI Last Updated:May 01, 2021, 15:52 IST FOLLOW US ON: GST collections in April...
