Tag Archives: Finance

Finance Commission meets Bankers and Financial Institutions in Mumbai

New Delhi: The Chairman, Shri N.K. Singh, Members and Senior Officials of the 15th Finance Commission met a large group of Bankers and Heads of Financial Institutions in Mumbai today. Salient points raised by banks during their meeting with 15th Finance Commission on 9th May 2019. In the context of making the borrowing costs of State Governments aligned to their ... Read More »

Should firms that finance the pot industry really be drug-testing employees?

There’s nothing like a growth industry to excite investors and financiers. Just look at the cannabis business, which is expected to generate hundreds of billions of dollars worldwide in the coming years and is already on a streak in the stock market. Financing companies that grow weed or make related products should be a no-brainer for banks. Yet doing so in the US is risky. Not ... Read More »

Leading finance officials acknowledge global slowdown

Treasury Secretary Steven Mnuchin leaves after attending a G20 meeting at the World Bank/IMF Spring Meetings in Washington, Thursday, April 11, 2019. (AP Photo/Jose Luis Magana) WASHINGTON — Finance officials from the world’s major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, ... Read More »

Master Business Finance With This Expert-Led Class

There are three basic requirements you must have if you want your new business to grow and thrive: a great idea, an outstanding work ethic, and money. These necessities are legs beneath the table of your business. If one fails, your whole idea (and the effort and cash you put into it) can collapse. No matter how many late nights ... Read More »

Subhash Chandra Garg designated as Finance Secretary

NEW DELHI: Economic Affairs Secretary Subhash Chandra Garg was on Friday named as the Finance Secretary, according to a Personnel Ministry order. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved designating Garg as the Finance Secretary, it said. Garg, 58, a 1983 batch IAS officer of Rajasthan cadre, has been working as the Secretary in Department of ... Read More »

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 »