Tag Archives: Finance

California town sets up ‘goat fund me’ page to finance four-legged firefighters

The Nevada City council sees goats as a first wave to tackle problematic vegetation, with humans following up to clear away larger foliage before the wildfire season. Photograph: AP A California town threatened by the sort of wildfires that recently wiped out a neighbouring community is appealing for an unusual type of help: a crack team of goats. Nevada City has launched ... Read More »

Finance Ministry considers steps to prevent composition dealers from charging GST from buyers

In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with ... 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 »

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 »

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 »

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 »

For High Fixed Deposit Returns Up To 9%, Choose Small Finance Banks, Non Banking Financial Companies

Mahindra Finance, offers interest rate on fixed deposit at 7.95 per cent for a 15-month fixed deposit. For individual depositors, a bank fixed deposit (FD) is considered the safest form of investment, especially with a large commercial bank such as State Bank of India (SBI). The income from the bank FD is not only safe, but also accessible at any ... Read More »

Three steps to consider before migrating Finance & HR to the Cloud

Cloud migration that integrates finance and HR systems is proven to improve internal collaboration – between the functions and with the IT team, and deliver better performance in terms of cost and time to deliver. Were you aware that 35 percent of companies intend to develop a shared finance and HRfunction? A research conducted by MIT Technology and commissioned by Oracle, reveals that ... Read More »