Financial Updates
Airtel has launched India’s first live payments bank on Wednesday, which would provide an interest of 7.25% per annum on deposits. Aimed at testing systems and processes ahead of a full-scale pan-Indian launch, Airtel Payments Bank has rolled out Read More
The government has allowed National Bank for Agriculture and Rural Development (Nabard) to disburse Rs 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season, Economic Affairs Secretary Shaktikanta said on Wednesday. The government’s Read More
NEW DELHI: CBDT has said a “revised” and bona fide declaration made under the one-time black money disclosure window that ended on September 30 will be allowed even if the undisclosed income under it is less than what was committed Read More
MUMBAI: Indian firms made direct investment of $2.11 billion in October, down 39.34 percent from a year earlier, Reserve Bank data showed. The overseas direct investment by the local firms stood at $3.47 billion in October 2015. For month-on-month comparison, Read More
