Finance minister Arun Jaitley presents Budget for fiscal 2018-19

Finance minister Arun Jaitley presents Budget for fiscal 2018-19

New Delhi: Finance minister Arun Jaitley presented the budget that gave priority to agriculture, agriculture related industry and infrastructure development in rural India. The budget is trying to give impetus to the manufacturing sector and employment generation, said the Finance minister. At the same time the announcement of providing security of health insurance of 5 […]

Read More »

Pakistan introduces use of “Yuan” in its trade transactions

Pakistan introduces use of “Yuan” in its trade transactions

Islamabad: Pakistan has initiated the use of the Chinese currency “Yuan” in its international trade transactions. This was officially announced by the Pakistani central bank “State Bank of Pakistan” and has allowed Pakistani companies and businessmen to use Yuan in their transactions. This decision of Pakistan is considered to be a retaliation to the warning […]

Read More »

RBI identifies 12 mega bank defaulters usurping over Rs.2 tn of Tax Payers money; to act under Insolvency & Bankruptcy Code

RBI identifies 12 mega bank defaulters usurping over Rs.2 tn of Tax Payers money; to act under Insolvency & Bankruptcy Code

Mumbai : ‘RBI’ has prepared a list of 500 highest ‘defaulters’, to resolve the issue of ‘Non-Performing Asset’ (NPA). It has been observed that as per this list, 12 ‘defaulters’ owe banks around Rs 2 lakh crore and action will be taken against them as per ‘Insolvency and Bankruptcy Code’. Two days back, the Union Finance […]

Read More »

Government announces increased limits of FDI in key sectors

Government announces increased limits of FDI in key sectors

New Delhi Dated 23rd June (PTI): Government announces reforms in Foreign Direct Investment (FDI) in the key sectors of Defence, Aviation, Pharmaceuticals and Food Processing. The Prime Minister. Mr.Narendra Modi has expressed confidence,that with this decision the Indian market wouldopen up for FDI, and that in turn would boost the employment generation opportunities in the country. […]

Read More »