Tag archive for ‘Rs’
By Loknath Das On Sunday, March 24th, 2019

Jet Airways needs around Rs 10,000 crore worth of infusion: Industry insiders

NEW DELHI/MUMBAI: A proposed infusion of Rs 1,000 crore into Jet AirwaysNSE 3.43 %may prove to be “too little too late” to save the airline as it might require at least Rs 10,000 crore to stay More...

By Loknath Das On Wednesday, February 6th, 2019

Banks yet to Tag Rs 3.5 Trillion Stressed Corporate Loans as NPAs: Report

Mumbai: Around Rs 3.5 trillion or 3.9% of the stressed corporate loans continue to remain unrecognised on the books of banks and nearly 40% of them may become dud assets by September 2020, warns a report. These More...

By Loknath Das On Sunday, February 3rd, 2019

Income Tax Rebate 2019 Clarification: Taxable income above Rs 5 lakh? Know what is in store for you

Budget 2019 Income Tax Relief: Finance Minister Piyush Goyal on Friday brought cheers to around 3 crore low-end taxpayers by announcing a rebate for people having annual income up to Rs 5 lakh. Section 80C of the More...

By Loknath Das On Monday, January 7th, 2019

Kannada film industry raids lead to seizure of Rs 11-crore undisclosed assets: I-T dept

Bengaluru: The Income Tax Department Sunday said the searches conducted on various persons and entities in the Kannada cinema industry, including top actors, resulted in the seizure of undisclosed assets valued More...

By Loknath Das On Thursday, July 5th, 2018

Muthoot Finance eyes disbursal of Rs 300 crore personal loans

Kerala-based Muthoot Financehas set a target to disburse Rs 300 crore personal loans during the current financial year, a top company official said on Wednesday. The company, which had earlier offered gold loans More...

By Loknath Das On Saturday, June 30th, 2018

At Rs 3.45 trillion, India’s April-May fiscal deficit at 55.3% of full-year target

India reported on Friday a fiscal deficit of Rs 3.45 trillion ($50.37 billion) during the April-May period, or 55.3% of the budgeted target for the current fiscal year compared with 68.3% a year ago. Net tax receipts More...

By Loknath Das On Monday, June 25th, 2018

Satya MicroCapital reaches 1 lakh active loan clients, disburses Rs 300 crore in total loans

From reaching 1,000 entrepreneurs in our first 100 days, Satya has now reached out to 1 Lakh entrepreneurs in around 500 days of being active Micro financing group Satya MicroCapital has crossed 1 lakh active More...

By Loknath Das On Saturday, June 2nd, 2018

Be An Informer For Income Tax Department; Earn Up To Rs. 5 Crore

The reward scheme is aimed at encouraging people to give info on benami transactions (Representational) NEW DELHI:  Sharing “specific information” with the income tax department about any benami transaction More...

By Loknath Das On Friday, April 27th, 2018

Government Collects Rs. 7.41 Lakh Crore From GST In FY18, Says Finance Ministry

New Delhi: The government mobilised Rs. 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18, according to the finance ministry. The government rolled out the GST regime from July 1 last year. More...

By Loknath Das On Friday, April 27th, 2018

Axis Bank board clears higher borrowing limit of Rs 2 lakh crore

Private sector Axis Bank on Friday said its board has approved a proposal to increase its borrowing limit up to Rs 2 lakh crore. The borrowings will be “apart from deposits of money accepted from public in the More...