finance

MSMEs seek easing of Basel norms in banking

Corporations within the micro and small and medium enterprises sector have sought easing of banking sector norms more particularly Basel norms to facilitate…

PM SVANidhi disburses Rs 1,160 crore to loan 11,80,589 applications from micro or nano entrepreneurs such as street vendors

PM SVANidhi,the micro-credit scheme by the Modi government for micro or nano entrepreneurs such as street vendors has enabled disbursement of 11,80,589…

India loses tax dispute to UK oil major Cairn Energy Plc.; has to shell out Rs. 8,000 crore as damages

Three months after losing the Vodafone arbitration case, India has lost another arbitration case, this time related to a tax dispute to the UK oil…

Bank of Baroda enters into a MoU with Indian Army for Baroda Military Salary Package

The Indian Army has recently entered into a Memorandum of Understanding (MoU) with the Bank of Baroda for ‘Baroda Military Salary Package’. The MoU…

Delhi HC restrains Amazon from writing to regulators

The Delhi High Court has declined to allow Amazon from making representations to various Indian statutory authorities such as the SEBI, CCI and others…

GOI permitted additional borrowing of Rs 16,728 Cr to Five States

The Government of India has granted permission for additional mobilise additional financial resources to the tune of Rs 16,728 crore through open market…

The Eighth Instalment of Rs. 6,000 crore by Ministry of Finance as GST Compensation for States

The Central government borrows the funds under a special window and passes it on to states in a back-to-back loan arrangement.

"The Centre has…

Invoicemart facilitates MSME invoice discounting worth Rs 10,000 crore

Invoicemart, an Axis Bank-backed digital invoice discounting marketplace, on Monday has facilitated MSME invoice discounting worth Rs 10,000 crore.