BUSINESS
FM Sitharaman Calls for Increased Deposits and Enhanced Lending by Banks
After the post-Budget meeting with the RBI's Central Board of Directors, she was briefing media on how the banks had "distracted" themselves from their core business — deposits mobilisation and loan disbursement.
India Leads Major Economies in Rapid Growth of Intangible Investments
So, here is how the WIPO report on India summarizes the viewpoint: "That, indeed, development towards intangible investment stands at par with some of the advanced economies; its numbers in 2020 are not very far from those of Sweden. Intangible assets include elements of R&D, software, data, design, brand value, reputation, supply chain expertise, and high-level skills; in effect, the assets related to intellectual property in various forms".
India's Forex Reserves Hit Record $675 Billion, According to RBI Governor
Das also pointed out that there is a declining trend of CAD to 0.7% of GDP in 2023-24 from 2.0% in 2022-23 by the support of the lower trade deficit, solid performances of services, and remittances.
Advantages of Outsourcing B2B Appointment Setting
Out of all things, why did we specifically choose appointments – an administrative task? Well, there are some very good reasons for that. However, they are only applicable if you outsource your appointment-setting tasks. So, without further ado, let’s explore the advantages of outsourcing your B2B appointment setting!
SIP vs FD: Which is better for higher returns?
The following comparison between SIP and fixed deposits based on various aspects can help investors in making the right decision.
Income Tax Processing Time Slashed in Decade, Signaling Major Shift: FM
One of the major achievements of Prime Minister Narendra Modi's government is the large reduction in the average processing time of returns. As per Finance Minister Nirmala Sitharaman, it has come down from 93 days in 2013 to just 10 days now, facilitating quicker refunds.
RBI Chief Announces Reduction in Cheque Clearing Time from Two Days to Hours
He outlined a proposed shift to continuous clearing with 'on-realisation-settlement' under CTS. This approach, he added, will ensure same-day clearing of cheques on presentation, and the paying and receiving public at large will benefit by way of faster payment processing. Cheque truncation is a process whereby the physical movement of the cheque from the presenting bank to the paying bank branch is substituted by its electronic image. This image is sent to the clearing house with the included details of the MICR band, date of presentation, and the presenting bank information.
RBI Raises UPI Tax Payment Limit to Rs 5 Lakh
"UPI has evolved as the most preferred mode of payment because of its good system response and convenience. The limit for per transaction is presently Rs 1 lakh. It is, however, in many cases reviewed and revised from time to time based on varied needs, including capital markets, IPO subscriptions, loan collections, and insurance, medical, educational services," Das explained.
FPIs Channel Over ₹11,000 Crore into IT Sector in July, Reports NSDL
Interest in IT stocks by FPIs also follows hopes of a possible cut in interest rates by the US Federal Reserve in September, which, in turn, would encourage companies to spend more on IT. The IT stocks have been on an uptrend for the last one month too, with TCS gaining nearly 5 per cent, Infosys rising about 5.5 per cent and HCL Tech moving up by 3.5 per cent.
RBI Projects 7.2% GDP Growth Driven by Strong Urban and Rural Demand
Against this background, real GDP growth for 2024-25 is projected at 7.2 per cent, with quarterly growth rates of 7.1 per cent in Q1, 7.2 per cent in Q2, 7.3 per cent in Q3, and 7.2 per cent in Q4.
Don't Miss
Advertisement