6 Common Money Laundering Methods Used by Criminals
Money laundering is a serious crime, one that all financial institutions and legitimate businesses of any size can fall victim to. It only takes one misstep for illegally-procured money to be circulated into your More...
Budget 2018: Rate of Income tax in top 10 countries by GDP
crescendo, taxpayers are concerned about the new income tax slabs that will be announced on February 1 as these slabs would determine the amount an individual will have to pay as taxes on their income in FY19. Currently, More...
Public finances boosted by EU credit, surging VAT receipts
LONDON (Reuters) – Britain’s budget deficit narrowed by much more than expected last month, helped by an unusually large credit from the European Union and the strongest value-added tax receipts on record. FILE More...
Organised Gold Loan Industry To Touch Rs. 3.1 Lakh Crore By Fiscal 2020, Says Report
Since gold loans are securitised, lenders can recoup the full principal amount if the borrower defaults New Delhi: India’s organised gold loan industry could touch Rs. 3.1 lakh crore by 2019-20 as the More...
Real Estate, Hit By PM Modi’s Shock Therapy, In Deep Crisis
India’s property sector was already battling a slowdown last year, when Prime Minister Narendra Modi’s crackdown on cash quashed any hope of an imminent revival. Removing 86 percent of cash, at the More...
Petrol price cut by Rs 2.5 per litre, diesel by Rs 2.25
Petrol price was on Wednesday cut by Rs 2.5 per litre and diesel by Rs 2.25 following thereduction in excise duty on auto fuels. Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel More...
Real estate slowdown hits PMC, revenue from building permissions falls by 30 per cent
In the first six months of this financial year, the Pune Municipal Corporation (PMC) has collected less than 20 per cent of its targeted revenue from building permissions, indicating a major slump in the real estate More...
Indian Economy Likely To Become Third Largest By 2028: HSBC
Mumbai: India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, according to British brokerage More...
Indian Banks Need $65 Billion Capital To Meet Basel Norms By March 2019: Fitch
Mumbai: Indian banks will need additional capital of $65 billion to meet all of global Basel III banking rules by March 2019, with state-run lenders accounting for 95 per cent of the requirements, Fitch Ratings More...
RBI Has Directed Resolution Of 12 Accounts By December: Axis Bank
New Delhi: Axis Bank today said the Reserve Bank has asked it to finalise the resolution plan for 12 accounts by December 13, failing which insolvency proceedings will have to initiated against them. In a regulatory More...