Chief Minister Arvind Kejriwal, who has taken on big industrial houses during his campaign against graft, on Saturday sent out a tweet complementing the Delhi Police for unearthing the corpor
The Reserve Bank of India (RBI) has submitted to the supreme court, in sealed cover, a list of defaulters on loans worth Rs. 500 crore or more, according to
The United Nations General Assembly has designated October 31 as World Cities Day, which has the general theme - Better City, Better Life. It is a well known fact that by 2030 nearl
Traditionally, finance has been ‘global’ in character. Over the centuries, frequent changes of regimes, combined with evolution of administrative systems, have restricted free movement
India’s financial sector is facing considerable challenges, and economic growth has recently slowed down. High nonperforming assets (NPAs) and slow deleveraging and repair of corporate balanc
Finance for Non-Finance People (Second Edition, 2019) By Sandeep Goel Published by Routledge Finance is not only the language of business any
The central board of the Reserve Bank of India (RBI) has decided to transfer Rs 1,76,051 crore to the government, ending a long debate and opening new options for injecting fresh money into the eco
BSE StAR MF, India`s largest mutual funds distributor platform, is working on ways to transform itself into a unique end-to-end value-based services platform. It has achieved 61% share of equity ne
The Inception The problem of surging NPAs on one hand and the issues of indebted companies on the otherwere the primary reason that gave birth to the Insolvency & Bankru
Public-Private Partnerships (PPP) projects are always under scrutiny, given the options of alternative of traditional procurement for the government. The value-for-money debate is one of the essent
The stock markets in India, continuing the free fall of the past few days following the Covid-19 outbreak fears, plunged further Friday morning. The two leading indices, Senses and Nifty, both hit
Cryptocurrency is a digital currency that runs on blockchain technology. This essentially means that no person or entity can control it. Both nationals and internationals can transact with the curr
Hailing prime minister Narendra Modi`s Atmanirbhar Bharat package of Rs 20 lakh crore and terming it extremely well directed to the poor who need it the most, financial wizard Vallabh Bhansali, co-
The fall of financial institutions is largely a result of governance failures and company board members must ensure checks and balances for the larger ecosystem, says entrepreneur Shachindra Nath,
The union cabinet chaired by prime minister Narendra Modi on Wednesday gave its approval to pay productivity linked bonus (PLB) for 2019-20 to 16.97 lakh non-gazetted employees of commercial establ
Pitta Rajani, 28, and her family from Kandriga in Vijaywada faced severe difficulties during and after the lockdown last year and had to take a loan of Rs 20,000 from Soubhagya , a moneyl
In a first of its kind case, the Nagpur zonal unit of the director general of GST intelligence DGGI) has busted a massive racket of fraudulent refunds of input tax credit (ITC) amounting to Rs 213.
Today (August 2), prime minister Narendra Modi launched the e-RUPI voucher system which is another milestone in Digital India. Simply put, this will be a digital payment which will be delivered to
The Standing Committee on Finance of the parliament has come out with a report on implementation of the Insolvency and Bankruptcy Code (IBC) - pitfalls and solutions. It was presented in both house
The Insolvency and Bankruptcy Code (IBC) 2016 was enacted in May 2016. It was a milestone event in the financial sector reforms. In its five years of journey, five key takeaways of IBC are as follo
After the recent announcement of the government guarantee for Security Receipts (SRs) to be issued by a public sector-owned National Asset Reconstruction Company Ltd (NARCL), there is a surge of in
An RBI appointed committee to review the working of Asset Reconstruction Companies (ARCs) recently submitted a report containing a set of 42 recommendations. The recommendations have been made to e
A few months after the Punjab and Maharashtra Co-Operative Bank Ltd (PMC Bank) was put under moratorium in September 2019, I met an announcer in a function on banking organised by an industry body,
At the outset, for those who are not familiar with the nomenclature ‘Hindu Rate of Growth’, it refers to the low economic growth in post-independent India till the 1990s, when several e
Covid-19 came as a rude shock and hit the world with several disruptions, halting economies and destroying livelihoods. While research for the new variant, Omicron, thought to be less lethal than D
The RBI Monetary Policy Committee (MPC) in its bi-monthly policy announcement Thursday kept the repo rate unchanged at 4%. The reverse repo rate is also kept unchanged at 3.35%. The MPC decided to
The government needs to do to its disinvestment deals in a transparent and above-board manner and ensure that deals are free from the investigative scanner, well-known banker and chartered accounta
Escalating tensions between Russia and Ukraine have made the Indian government worried if the market situation is conducive but it will go ahead with the upcoming initial public offering of the sta
Merger is a corporate strategy involving two companies to combine and form a new legal entity under a common corporate name. Merger deals between industry rivals have always attracted considerable
Merger as a corporate strategy involves two companies coming together to form a new legal entity under a common corporate name. Mega merger deals have always attracted considerable attention from a
India’s biggest ever public issue of shares – and 11th largest in the world – by an insurer, Life Insurance Corporation of India (LIC) will open on May 4 and close on May 9. It wi
UPI has become an integral part of our daily lives now. We use it to buy groceries, we use it to send money to friends and family, we use it to purchase tickets, book shows, pay the cab driver, and
The 2020 Nobel Prize in economics was awarded to Paul Milgrom and Robert Wilson for their pioneering work in the auction theory. Milgrom developed bidding strategies in which bidders could learn ab
Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undou
Murali Raghavan’s ‘Riding the De(Mon)’ (Leadstart Publishing) is a financial thriller that dives deep into money laundering in India, particularly the methods used by corrupt busi
Anupam Gupta’s new book, ‘The Wisest Owl – Be Your Own Financial Planner’ (Penguin), uses the wisdom and experience of India`s top personal finance professionals – Dil
In April 2021, the Reserve Bank of India (RBI) appointed a six-member committee headed by a former Executive Director of RBI to comprehensively review the functioning of Asset Reconstruction Compan
The RBI report for the year ended March 2022 has said that card and internet frauds worth $1.55 billion were reported in 3,596 cases. Yet, another RBI report says that in the past seven years India
The Bee, The Beetle and The Money Bug: The Bankbazaar Guide to the Financial World By Adhil Shetty with A.R. Hemant Rupa, 272 pages, Rs 395
When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This c
The journey of ESG is a bridge from ‘qualitative change’ to a ‘measurable value’. ESG is the consideration of E-S-and-G non-financial issues, alongside financial factors, wh
Green Banking is an initiative taken by the banks to promote environment-friendly practices and reduce carbon footprint of their activities. Green financing (a part of ‘Green Banking’)
Last three years have sparked off waves of innovation and entrepreneurship. One area is digitisation in every domain. According to some estimates, 85,000-plus start-ups embarked on their journey la
Giving the example of India’s Unified Payments Interface (UPI) system during the pandemic and thereafter, RBI governor Shantikanta Das said that digital public infrastructure (DPI) can be uti
This article aim to look at how CFOs are tackling new challenges in the digital era. Over the last few years, many companies have been disrupted not by their other competitor but by
The total number of Jan Dhan accounts have crossed 50 crore as on August 9, as per the latest reports submitted by banks. Out of these accounts 56% accounts belong to women and 67% accounts have be
From December 2016, the Indian business community at large, bankers and financial institutions, among other stakeholders, were introduced to a new comprehensive legal and institutional machinery &n
India’s capital expenditure as a percentage of GDP increased from 1.7% in 2014 to nearly 2.9% in 2022-23. In the 2023-24 budget, the government allocated Rs 10 lakh crore (3.3% of GDP) for in
Prime minister Narendra Modi has expressed confidence that the New Delhi G20 Summit will chart a new path in the human-centric and inclusive development. He emphasized that India’s G20 Presid
The fourth G20 Global Partnership for Financial Inclusion (GPFI) meeting held in Mumbai during September 14-16 concluded with members agreeing to work towards the vision of universal financial incl
Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499
The Reserve Bank of India has reached a historic landmark today completing 90 years of existence, prime minister Narendra Modi said here on Monday. He was addressing the opening ceremony of RBI@90,
The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23.
