Finance

Scots economy in ‘precarious’ position, experts warn

Scotland’s economy is in a “precarious position” with a recession “in the balance”, experts have warned. A report from the Fraser of Allander Institute said Scotland seemed to be “stuck in a cycle of weak growth”. The Strathclyde University think-tank said that while growth is forecast to pick up in coming years, it is “likely to continue to lag behind ... Read More »

RTAs are the backbone of the mutual fund industry

Technology is key to supporting growth in any industry. As one of the largest registrar and transfer agents (RTA) in the country, Karvy Computershare Pvt. Ltd has used technology to drive growth and service the industry. A booming industry like mutual funds wouldn’t have reached this level of growth without the use of best of technology that is largely supplied and ... Read More »

Nervousness may grip markets ahead of GST roll out, derivatives expiry

Analysts also see the markets to be in corrective phase after the super rally. Photo: Mint Mumbai: This week, the markets are likely to focus on June series Futures and Options expiry, Prime Minister Narendra Modi’s US visit and the goods and service tax (GST) roll out. PM Modi is on a three-nation tour to Portugal, the US and the ... Read More »

Government To Launch National Data Repository On June 28

New Delhi: The government will next week launch India’s maiden National Data Repository (NDR) that will assimilate, preserve and upkeep country’s vast sedimentary data for future use in oil and gas exploration and production. Finance Minister Arun Jaitley and Oil Minister Dharmendra Pradhan will on June 28 launch the NDR, which will aid India to switch over to an open ... Read More »

GST Registrations For Ecommerce, New Companies To Begin On June 25

New Delhi: Ecommerce operators and TDS deductors will be able to register with GST Network beginning June 25, when the portal re-opens for fresh registration. Also, existing excise, service tax and VAT assessees will get another chance to migrate to the GSTN portal as registration for them too opens on Sunday next and will remain open for three months. The ... Read More »

Arun Jaitley to meet PSU bank chiefs on Monday to review NPA situation

Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets. Photo: Reuters New Delhi: Finance minister Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans which have crossed Rs6 lakh ... Read More »

SBI, World Bank finance ₹400-cr solar projects

NEW DELHI, JUNE 2:   State Bank of India and the World Bank announced on Friday that they had financed 100 MW of rooftop solar projects worth ₹400 crore in India. The World Bank aid helped the public sector SBI lower the lending rate to project developers, according to SBI Deputy Managing Director Karnam Sekar. “The support from World Bank has ... Read More »

7th Pay Commission: Meeting on Allowance Today, Decision Likely Soon

Proposal for Cabinet on 7th pay commission allowances is likely to be finalised soon. The Empowered Committee of Secretaries is likely to meet today to screen the report on 7th pay commission allowances (including HRA), an employee union official said. The empowered committee is expected to soon finanlise proposal for the Union Cabinet on 7th pay commission allowances, he added. ... Read More »

Finance news you need to know today

THE Australian market looks set to open flat with little to lead it with US and British markets closed due to public holidays. At 0703 AEST on Tuesday, the share price futures index was down four points, or 0.07 per cent, at 5,709. Meanwhile, the Australian dollar is hardly changed against a steady US counterpart with northern American traders absent ... Read More »

IMF approves loan to Mongolia to finance reforms

The IMF forecasts Mongolia’s economic output will shrink by 0.2 per cent this year after growing less than 1 percent last year. The International Monetary Fund said Thursday lenders have approved a USD 5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 ... Read More »