finance

Odisha CM announces ₹289.42 crore

Odisha Chief Minister Naveen Patnaik on Tuesday, December 15, announced a Rs. 289.42 crore stimulus package for Micro, Small and Medium Enterprises…

A total amount of Rs. 48,000 crore released so far to all States and UTs with legislation

Reference: PIB

8th Instalment of Rs. 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total…

Six bidders submit bids for Reliance Home Finance Limited

Six bidders have submitted bids for Reliance Home Finance Limited (RHFL).Of these, only two bidders have submitted compliant and binding bids while…

Govt. to encourage banks to use the co-origination model of financing in order to address the needs of MSMEs

The government has decided to encourage banks to use the co-origination model of financing in order to address the needs of the micro, small and medium…

MoCA defers implementation of Company Auditor’s Report Order (CARO) 2020

The Ministry of Corporate Affairs (MoCA) has deferred the implementation of Company Auditor’s Report Order (CARO) 2020 that would have brought about…

FFUI imposes Rs 9.6 mn penalty on PayPal for violating anti-money laundering processes

The Financial Intelligence Unit (FIU) has imposed a penalty of Rs 9.6 million on US payment gateway giant PayPal for alleged contravention of the anti-money…

FM takes stock of progress made under various schemes under the three Aatmanirbhar Bharat packages

In her resolve to help revive economy hit hard by the outbreak of COVID-19 pandemic,  Finance Minister Nirmala Sitharaman recently took stock of progress…

Role of banks and Non-Banking Financial Companies (NBFC)s in powering small businesses in the post-pandemic new world order is going way beyond routine financing

 In the wake of the pandemic-induced lockdowns and various cultural restrictions, several banks and financial companies around the world equipped small…