A strike has been called on January 8 & 9 by employees of public sector banks after 10 central trade unions called strike against the “pro-capitalist” economic policies of the BJP-led NDA regime. The Bank Employees Federation of India and the All India Bank Employees Association told Indian Banks’ Association[Read More…]
Tag: Finance
UP cabinet minister, ex-MLA among PMJAY-Ayushman Bharat beneficiary list
It is not even two weeks since the Prime Minister Narendra Modi rolled out the Pradhan Mantri Jan Arogya Yojana–Ayushman Bharat and called it a game-changer initiative to serve the poor and the names of few important people from Bharatiya Janata Party in Uttar Pradesh has emerged among its beneficiaries.[Read More…]
Congress’ sharp reaction after rupee hits new of 70 to US dollar
Indian rupee crashed to all time low of 70-mark against US dollar for the first time on Tuesday. The new low of 70.09 in the currency has opened windows to the opposition parties to react on it. Congress has come up with sharp remarks on Twitter aiming at PM Narendra[Read More…]
Delhi runs ahead Gujarat in top investment potential index list
Despite all the hurdles including the non-cooperative attitude of Centre towards Aam Aadmi Party, Delhi is turning out to be a role model in terms of Health, Education, Bijli, Paani, Business, Investment in mere 3 Years. Leaving Gujarat behind Delhi secures the top position in a list of 21 states[Read More…]
Ease of Doing Business: Lok Sabha to bring down commercial dispute value from Rs 1 cr to Rs 3L each
In an attempt to improve India’s stand on ease of doing business, the Lok Sabha on Wednesday had a debate over cutting down the specified value of commercial disputes from the present the price of Rs 1 crore to Rs 3 lakhs. According to Union Law Minister Ravi Shankar Prasad,[Read More…]
RBI hikes repo rate making home loan woeful
Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]
Cabinet nods setting up of 15th Finance Commission
The Union Cabinet on Wednesday approved the constitution of the 15th Finance Commission, whose recommendations have to be in place by April 1, 2020, and also decided to finalise the next Commission’s terms of reference, Finance Minister Arun Jaitley said. The appointment of a new Finance Commission (FC), to recommend[Read More…]
Identity-based politics leads to crony capitalism: Raghuram Rajan
Former RBI governor, Raghuram Rajan, has attacked the identity-based politics and said that it leads to crony capitalism and a breakdown of the system ultimately. While speaking at the University of Chicago’s Stigler Center conference on the political economy of finance, Rajan said, “Think of a town where you have[Read More…]
GST bills in Rajya Sabha, Opposition urges for a mechanism to avoid the harassment by tax authorities
The Rajya Sabha on Wednesday took up the four bills related to the GST. Opposition questioned the government’s preparedness to implement the indirect tax regime and urged for a mechanism to insulate taxpayers from harassment by tax authorities. Deputy Leader of Congress Anand Sharma said, “It is important that as[Read More…]