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
Govt asks Nabard to disburse Rs 21,000 crore to farmers
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
IDS: CBDT says bona fide revised declarations will be valid Read more at: http://economictimes.indiatimes.com/articleshow/55442829.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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
India Inc’s overseas direct investment dips 39% to $2.11 billion in October Read more at: http://economictimes.indiatimes.com/articleshow/55443773.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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