Tag archive for ‘Rs’
By Loknath Das On Thursday, March 29th, 2018
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I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate More...

By Loknath Das On Tuesday, March 20th, 2018
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Finance ministry to meet primary dealers before Rs 6 trillion-bond sale

The finance ministry has called for a meeting of primary dealers in New Delhi on Wednesday, to discuss its near record bond-sale program for the new fiscal year, according to people with knowledge of the matter. The More...

By Loknath Das On Wednesday, January 31st, 2018
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TRAI slashes mobile number portability charges to Rs 4 from Rs 19 per porting

Keeping in view the upsurge in mobile number portability (MNP) requests, the Telecom Regulatory Authority of India (TRAI) has decided to slash its rate to Rs 4 per successful porting from Rs 19 earlier. The TRAI More...

By Loknath Das On Wednesday, January 17th, 2018
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PSU Banks Face 1,463 NPA Accounts Of Rs. 100 Crore Each

Gross NPAs of state-owned banks stood at Rs. 7.34 lakh crore by the end of second quarter     HIGHLIGHTS In SBI, 265 accounts have bad loans of more than Rs. 100 crore each PNB has 143 NPA accounts More...

By Loknath Das On Wednesday, January 17th, 2018
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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...

By Loknath Das On Saturday, January 13th, 2018
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Benami Property: Taxman Attaches Properties Worth Rs. 3,500 Crore

The amount includes immovable properties of over Rs. 2,900 crore, the taxman said (Representational image) Stepping up its action against Benami transactions, the Income Tax Department has attached properties More...

By Loknath Das On Saturday, January 13th, 2018
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Income Department (I-T) Seizes Rs. 85 Crore Cash, Bullion In Anti-Black Money Drive

Assets worth more than Rs. 61 crore were seized by the department over the week New Delhi: A total of Rs. 85.2 crore in cash, bullion and jewelley have been seized by the Income Tax Department after it searched More...

By Loknath Das On Tuesday, January 9th, 2018
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1,463 bad loan accounts owe public sector banks Rs 100 crore or more

As many as 1,463 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs), finance ministry data shows. In State Bank of India (SBI) alone, 265 accounts had bad loans of more than More...

By Loknath Das On Thursday, October 26th, 2017
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Rs 2.11-lakh cr bank recap may make fiscal deficit target hard to achieve: Fitch

The massive Rs 2.11 lakh crore capital infusion in public sector banks may make the 3.2% fiscal deficit target for 2017-18 difficult to achieve if two-thirds of the planned recapitalisation bonds are issued by More...

By Loknath Das On Sunday, October 22nd, 2017
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Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s More...