Finance

Government Appoints Shaktikanta Das As RBI Governor: Here’s What Experts Say

Shaktikanta Das has been appointed as RBI’s new governor for a term of three years. Government named Shaktikanta Das, a seasoned financial bureaucrat, as the new governor of the Reserve Bank of India (RBI) on Tuesday, replacing Urjit Patel, whose abrupt resignation roiled financial markets. Das held key positions both under the ruling Bharatiya Janata Party and the previous Congress-led ... Read More »

Small finance banks dismiss worries about listing for now

Shares of small finance banks are buzzing, with investors seemingly pleased with their efforts to meet the regulatory deadline of listing operating subsidiaries and reducing promoter holding. Currently, the holding companies of these small finance banks are listed. A strong performance in the second quarter has also aided the interest in these stocks. The urgency to hammer out a scheme ... Read More »

5 Things That SAP Business One Can Do for Your Business

Are you a startup looking to get off the ground and carve your own specific niche in the business world? Or perhaps you’re the owner of a small business who’s spent many waking hours thinking about what else you need to grow your operations and get to the next level of business. If so, then you may want to look ... Read More »

After IL&FS Episode, Govt Fears Default from NBFCs, Housing Finance Firms: Report

Department of Economic Affairs (DEA) fears significant default from large non-banking finance companies (NBFC) and housing finance companies in the next six weeks if no additional liquidity support is provided to these firms, MoneyControl said on Friday. The DEA, in a letter to the Ministry of Corporate Affairs, described the financial situation as “still fragile” when discussing the financial stability ... Read More »

GST Council met 30 times, took 918 decisions in 2 years: Finance Ministry

The all-powerful GST Council, chaired by Finance Minister Arun Jaitley, has met 30 times and taken 918 decisions related to laws, rules and rates for the new tax regime within a span of just over two years, the Finance Ministry said Sunday. The Goods and Services Tax (GST) Council, which comprises state finance ministers and Union Minister of State in ... Read More »

Family Finance: High savings to help salaried Dalals meet goals

While aggressive investment in equity will help, it needs to be aligned to goals for a smoother journey. Nishit and Dipti Dalal are both employed and bring in a combined monthly salary of Rs 1.68 lakh. They stay in their own house in Ahmedabad and have bought another house worth Rs 60 lakh as an investment. They have taken a ... Read More »

Centrum set to buy L&T Finance’s supply chain business

Centrum is expected to take on board the executive team of about 60 people, scaling up the business significantly after the buyout. The Centrum Group, controlled by former Standard Chartered banker Jaspal Bindra, is set to acquire L&T Finance’s supply chain lending business that has an outstanding loan book of Rs 800 crore. The divestment is part of a broader Larsen &Toubro ... Read More »

Arun Jaitley resumes charge of finance and corporate affairs ministries, as directed by President Ram Nath Kovind

President Ram Nath Kovind reassigned the portfolios of Finance and Corporate Affairs to Union minister Arun Jaitley on Thursday. A press statement released from the Rashtrapati Bhavan said that the President, “advised by the Prime Minister” and has directed that the portfolios be assigned to the minister after his hiatus of three months. Jaitley (65), underwent a renal transplant operation at the All India ... Read More »

How to fund child’s education: Take a loan or use own funds?

Keeping your accumulated savings invested and taking an education loan instead can benefit you. Photo: Alamy Any big-ticket spending requires you to either have the required funds in place or a financing option. When dealing with long-term financial goals, such as higher education of children, you have the advantage of planning much in advance. Here’s how you can go about ... Read More »

Post-note ban, ‘kala dhan’ became ‘jan dhan’: MoS Finance

Facing criticism over the 2016 demonetisation drive, the Union government today said benefits of the note ban are being reaped now as hoarded cash is being put to productive use. “The money which was lying idle and was no way in use, has now come into the banking system. This money is now being used for the interest of the ... Read More »