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Finance

May 20, 2019, 00.10 AM IST
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Stock Analysis, IPO, Mutual Funds, Bonds & More
Automated GST refund for exporters by next month

Currently, the facility of automatic refund is available only for those exporters who have paid Integrated Goods and Services Tax (IGST) while exporting goods

Finance ministry reworking strategic sale procedure for CPSEs

Currently, there is no set timeline for concluding strategic sale of a state-owned company.

Mudra loans may cross Rs 3 lakh crore in 2019-20

Government data for the scheme for the last fiscal, till March 22, 2019, put the figure of Mudra sanctions at Rs 2.82 lakh crore to 541.27 lakh borrowers.

Indian data issues: Economists are now creating their own benchmarks

Economists and investors are now using alternative sources of data or creating their own benchmarks to measure the economy.

Finance Commission meets Shaktikanta Das; discusses setting up of state-level commissions

The main issues raised by the RBI included increasing orientation of state governments borrowing to markets, and improving secondary market liquidity.

RBI warns finance panel of more fiscal slippages by states

The RBI also said the outstanding debt as percentage of GDP has been rising despite moderation in interest payment as percentage of revenue receipts.

Financial institutions set to realise Rs 80,000 crore from IBC in FY20: ICRA

As of March 31, 2019, 715 cases of defaulting corporate debtors had been closed under the IBC.

Does EPFO really have enough money left for the year after IL&FS? FinMin wants to know

Does EPFO have sufficient surplus left for honouring this year's interest rate? The jury's still out.

FinComm to meet RBI Governor, bank officials during Mumbai visit on May 8-9

The commission, chaired by N K Singh, will discuss issues concerning macro-economics, financial stability and cost of borrowing of the Centre and states with the Reserve Bank.

Income tax e-filers drop by over 6.6 lakh in FY19: Official data

Income tax e-filings have dropped in FY2019 contrary to believes that the tax base will increase post DeMo.

View: India needs an investment czar to get rich

View: India needs an investment czar to get rich

The next government must find somebody who will boldly open the doors to American and Japanese capital.

ADB should expand private sector operations: Subhash Chandra Garg

ADB should expand private sector operations: Subhash Chandra Garg

ADB's private sector operations reached USD 3.14 billion in 2018, a 37 per cent increase from the previous fiscal, and stood at 14.5 per cent of its overall commitment.

No gold shifted outside India in 2014 or thereafter, says RBI refuting reports

No gold shifted outside India in 2014 or thereafter, says RBI refuting reports

The Congress party had tweeted a report regarding shifting of 200 tonne of the RBI's gold to Switzerland in 2014.

Repo rate cut transmission yet to happen: Finance Ministry Report

Repo rate cut transmission yet to happen: Finance Ministry Report

Foreign Exchange Reserves in terms of months of import cover have fallen from 14 months from April 2016 to 9 months in October 2018.

Huge gap in 12 NPA cases' dues with liquidation value: IBBI

Huge gap in 12 NPA cases' dues with liquidation value: IBBI

As per the IBBI data, creditors have taken haircut of as high as 90% in at least 12 NPA cases.

GST collection for April scales to record high at Rs 1.13 lakh crore

GST collection for April scales to record high at Rs 1.13 lakh crore

GST revenue mop-up scaled a monthly record high of over Rs 1.13 lakh crore in April, an increase of 10 per cent over the collection in the year-ago period, on the back of anti-evasion steps taken by tax officers. Total number of summary sales return GSTR-3B filed for the month of March up to April 30 stood at 72.13 lakh. April 2019 is the second consecutive month when Goods and Services Tax (GST) collection exceeded Rs 1 lakh crore. In March, the mop-up was Rs 1.06 lakh crore.

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