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Microfinance Industry Upset with NO Waiver of Service Charges in Budget

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The Budget 2017 has received a mixed reaction from the microfinance industry that was worst-hit due to demonetisation. Though the budget was mainly rural-centric with several schemes and infrastructure for ...

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India Ranks 3rd with $11 Bln in Money Transfers From US: Report

$ Remittances from US to India

India has been ranked in the third top spot for remittances, receiving a total of $11.75 billion from friends, family and businesses in 2015, while Mexico was on top with ...

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Budget 2017-18: Different in Style, Progressive in Spirit

Budget 2017-18, presented by Finance Minister Arun Jaitley on Wednesday has three significant changes embedded in it but the significant change above all these cosmetic features is the progressive improvement ...

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Budget 2017: Income Tax rate for Slab Rs.2.5 to 5 Lakh Down to 5%

Union Finance minister Arun Jaitley, in his third budget for FY 2017-18 in the Lok Sabha today, announced a tax concession for those earning less than Rs.5 lakh in the ...

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Union Budget 2017: Top Highlights

Union Finance minister Arun Jaitley, in his third budget for FY 2017-18 in the Lok Sabha today, announced some concessions, though unveiled a long-term economy stabilization policy of the NDA ...

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Budget Session of Parliament Begins Today, Full Agenda of Bills

The Budget Session of Parliament begins today, Tuesday, January 31, 2017 with the Finance Minister Arun Jaitley prepared to present the budget for financial year 2017-18 on February 1, instead ...

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Andhra CM Pitches for FDI at World Economic Forum

Andhra Pradesh Chief Minister made a presentation on the opportunities for hi-tech entrepreneurs and investors in Andhra Pradesh and India at the World Economic Forum on Wednesday. In his elaborate ...

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Forget Jallikattu, Tamil Nadu up in Arms Against Coke, Pepsi Now

Ever since 1991 when globalization was set in, foreign brands entered India like any other Asian country that has opened up to liberalization. But the underbelly of an anti-foreign goods ...

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Cisco Pays $3.7 Billion, Almost Double to Buy AppDynamics

Cisco Systems is acquiring AppDynamics for a whopping $3.7 billion, almost double the estimated price in its IPO filing that valued the company at $1.72 billion. While AppDynamics is ready ...

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Ujjivan Microfinance MD Samit Ghosh Resigns

Ujjivan Financial Services founder and MD Mr Samit Ghosh resigned to the position to take up the new position as MD and CEO of Ujjivan Small Finance Bank to be ...

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Govt Launches Varishtha Pension Bima Yojana for Elderly People

The government has approved launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017) to be implemented through Life Insurance Corporation of India (LIC) during the current financial year to provide social ...

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Interest on Co-op Bank Loans Waived Off for 2 Months, Not Loans

demonetisation

The Union Cabinet has given its approval for interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks and ...

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Why India Should Introduce Inheritance Tax Now?

More than the world numbers, the wealth concentration in few individuals in India is alarming with merely 84 billionaires owning wealth worth $248 billion, led by Mukesh Ambani ($9.3 billion), ...

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Will India Ever Become a Cashless Economy?

An unfortunate customer visited a MORE store that belongs to Aditya Birla group in December last year and made a purchase for Rs.107. When his debit card was swiped, the ...

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Demonetisation – A Look Back at the last Two Months

    *By Arun Jaitley Two months have passed since the Prime Minister announced the decision that high denominational currency notes would cease to be a legal tender. Subsequently those ...

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Indian Microfinance in 2016 – A Timeline

The year 2016 has been a mix of good news and bad news for the microfinance sector in India with impressive Ujjivan and Equitas IPOs and acquisitions but clouded in ...

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PM’s Yearend ‘Mann Ki Baat’ Focuses on Cashless Payments, Awards

Coinciding with Christmas, PM Narendra Modi listed ‘Lucky Grahak Yojana’ for small buyers and ‘Digi Dhan Vyapaar Yojana’ for traders to encourage cashless payment economy. “To strengthen mobile banking and ...

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Cyrus Mistry Bows Out of Tata Group Companies, Lists Reasons

Cyrus Mistry has finally bowed to the pressure to exit from Tata Sons on Monday, October 24, 2016 but said his legal battle will continue. Here is his statement in ...

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Demonetisation: Ministry Thanks Banks Which Failed People, Diverted New Notes to Black Money Holders

The Finance Ministry has appreciated the role played by the banks post-demonetisation especially when the old currency was accepted and till 24th November, 2016, when exchange of old currency to ...

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Govt Unveils Package for Promotion of Digital and Cashless Economy

To further accelerate the cashless economy, in the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes,  the Central Government has decided on a ...

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