Policy

6-7% LIC stake dilution enough to mop up ₹90,000 crore: CEA KV Subramanian

Indian News       Feb 16, 2020

NEW DELHI : The government's ₹2.1 lakh crore sell-off target is achievable with half of this amount expected to be met through the spill-over deals of Air India, BPCL and Concor and the remaining ₹90,000 crore through just 6-7 per cent stake dilution in state...

New optional tax regime could adversely affect dwindling savings:Experts

Indian News       Feb 16, 2020

New Delhi: The government's proposal to introduce new optional tax regime without exemptions and deductions will adversely effect the savings in India, according to experts.   Finance Minister Nirmala Sitharaman in Budget 2020-21 provided option to personal income tax payers to remain in existing tax scheme...

Govt allows firms to list global depository receipts at IFSC

Indian News       Feb 16, 2020

  New Delhi: Indian companies now have the option to list their global depository receipts at the international financial services centre in Gujarat, with the government amending the rules.   The move would help companies in having another avenue for raising funds.   The corporate affairs ministry has...

Debasish Panda appointed financial services secretary

Indian News       Feb 13, 2020

  New Delhi: Senior IAS officer Debasish Panda was on Thursday appointed as the new secretary, financial services,ministry of finance(MoF) as part of a top level bureaucratic reshuffle effected by the Centre.   Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special...

Bill Coen appointed chair of the IFRS Advisory Council

International News       Feb 11, 2020

  London: The Trustees of the IFRS Foundation have appointed Bill Coen as Chair of the IFRS Advisory Council, effective immediately.   The Advisory Council supports the Trustees by providing strategic advice. Coen has been appointed to chair the Council and consider how to improve its effectiveness.  ...

Sitharaman favours once a year changes in GST rates

Indian News       Feb 09, 2020

  New Delhi: Union Finance Minister Nirmala Sitharaman on February 9 said the Centre, in the Budget 2020, has laid the foundation of increasing consumption while ensuring that the government's investment is deployed to build infrastructure leading to a $5 trillion economy by 2024-25.   She also...

Govt to pare time taken for starting biz; new e-form to offer 10 services

Indian News       Feb 09, 2020

  New Delhi: Continuing efforts to further improve ease of doing business, the government will introduce an integrated electronic form for incorporating new companies from February 15, wherein EPFO and ESIC registration numbers will also be allotted at the same time.   The corporate affairs ministry would...

New I-T regime to curb investments, will impact market negatively: Experts

Indian News       Feb 02, 2020

Mumbai: Insurers, tax experts and analysts on Saturday said the optionality clause in the new income tax budget proposal is a big disincentive for investment in tax-saving instruments, which will dampen the markets and have ripple effects across all asset classes, including housing.   The Union...

Finance Secretary Rajiv Kumar

LIC listing could come in second half of FY21, says Finance Secretary

Indian News       Feb 02, 2020

New Delhi: Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday.   Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday announced stake sale in LIC...

LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts

Indian News       Feb 01, 2020

New Delhi: Insurance behemoth LIC is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore as market participants expect it to be the "IPO of the decade", akin to the Saudi Aramco listing.   Finance Minister...

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