Finance

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 »

Cholamandalam Investment and Finance inks pact with Mavin

Following the tie-up, Chola would reward users for using the mobile application in making EMI payments, updating KYC documents among others, a company statement said. (Reuters) Cholamandalam Investment and Finance Company, the financial services division of Murugappa group, has partnered with US-based Mavin as part of its plan to tap rural areas through digital technology. Following the tie-up, Chola would ... Read More »

Large-scale solar industry takes off as 12 new plants secure finance

Broken Hill solar farm. Twelve new plants awarded grants by the Australian Renewable Energy Agency are now in the pipeline. Photograph: Josh Wall/Guardian Australia Australia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable EnergyAgency reaching “financial close” this month. That means they are fully financed and ... Read More »

Things You Should Ask an Insurance Provider

Having insurance coverage is one of the necessities of life. Failure to be insured could result in you losing a considerable amount of money. This is why it is so important for you to take the process of finding an insurance provider very seriously. There are many insurance providers out there that are all looking for your business. However, they ... Read More »

Hunter appointed to council finance and audit committee

Robert Hunter Hunter NEWLY-appointed advisory member of Gisborne District Council’s finance and audit committee, Robert Hunter, is looking forward to assisting the council with complex financial matters.He has been appointed because of his financial and accounting experience to sit in an advisory capacity on the committee. Committee chairman Brian Wilson supports the engagement of an independent member who is able ... Read More »