Tag Archives: Finance

World Bank ready to finance other projects in Andhra Pradesh: Official

The World Bank has apprised the Andhra Pradesh government of its readiness to finance other projects in the state in spite of its refusal to a $300 million Amaravati project, an official said. World Bank officials communicated this to the state government after the  $300 million loan proposal for Amaravati was dropped at the behest of the Centre, a top ... Read More »

Data presented in Budget is 100 per cent above board: Finance Minister

NEW DELHI: Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates. “The data which is given in the Budget is 100 per cent above board…there need not be any speculation on the figures which have ... Read More »

Family finance: Krishna needs to quickly invest high surplus to meet all goals

A.M. Krishna,38 years, stays with his homemaker wife, 34 years, and two-yearold child in his own house, in Hyderabad. He brings in a salary of Rs 1.26 lakh a month. He has also taken a home loan of Rs 23 lakh, for which he is paying an EMI of Rs 40,500. After considering household expenses of Rs 35,000, insurance premium ... Read More »

Budget 2019: How the Budget impacts you and your finance

Union Finance Minister Nirmala Sitharaman presented her maiden budget in Parliament on Friday. While the budget was sprinkled with a few hits and misses, it mostly failed to live up to the expectations of many and fell short of any mega announcements. There are a few exemptions for taxpayers, a few duty hikes and a few announcements of such as ... Read More »

The biggest challenges facing Finance Minister Nirmala Sitharaman

New Delhi: India’s first female finance minister in almost five decades, Nirmala Sitharaman, has held a wide range of jobs: She rode aboard a fighter jet as defense minister. As head of the trade department she grappled with falling exports. She’s been a national spokeswoman for her party, and in younger days worked in London as a home decor saleswoman. Now Sitharaman, ... Read More »

A roadmap for 15th Finance Commission

Successive Finance Commissions (FCs) have kept the Indian federation going by judicating between the Centre and the States. As a non-political body above conflicts of interest it is one of the sterling institutions that sustain Indian democracy. But as Plan expenditures were prioritised under planning, the original constitutional mandate, which was to equalise opportunities for every citizen by ensuring uniform ... Read More »

Gruh Finance falls 7.5% after report of promoter stake sale

Mumbai: Gruh Finance Ltd stock fell on Friday after 30.80 million shares, or 4.2% stake of the company, changed hands in a series of block deals, Bloomberg reported. Details of the buyers and sellers could not be ascertained. Shares of Gruh Finance Ltd opened sharply lower after a Bloomberg report said the promoters of the company would sell 4.2% in the company later ... Read More »

Manappuram Finance tanks 10% after SEBI notice for insider trading

Shares of Manappuram Financetanked as much as 10 percent intraday on June 7 after SEBI issued a notice to the company alleging insider trading. According to a report in Business Standard, the market regulator issued a show-cause notice to five Asset Management Companies (AMCs) including SBI Fund Management, ING Mutual Fund (now Birla Sunlife), BNP Paribas, Ambit Capital and Manappuram on charges of using price-sensitive information for trading in ... Read More »

Avail Finance gets $ 9 million from Matrix Partner

BENGALURU: Blue-collar workforce focused financial technology startup Avail Finance has raised $ 9 million from venture capital firm Matrix Partners India. This is on top of the last round led by the Bengaluru-based company, when it raised over $17 million last year in a mix of equity and debt funding. It counts Flipkart co-founder Binny Bansal, Cred founder Kunal Shah, Ola founders Bhavish Aggarwal and Ankit ... Read More »

Family finance: Why Singhs need to buy life, health insurance at the earliest

Kaushal and Babita Singh are both employed and get a combined monthly salary of Rs 3.42 lakh. They stay with their children aged 20 and 24 and their portfolio is worth Rs 3.7 crore. It comprises Rs 2.3 crore in real estate in the form of two houses and two plots of land, Rs 12.3 lakh in cash, equity worth ... Read More »