Finance Blogs
As a part of the reform process, the finance ministry has asked public sector banks (PSBs) to look at rationalising their domestic and overseas branches. The banks have been advised to pursue closure of loss making domestic and international branches as part of capital saving exercise. Since,There is no point in running loss making branches … Read More “finance ministry asked public sector banks (PSB) to close some of its branches” »
The assets of the Reliance Communications Ltd (RCom), being led by Anil Ambani, which were put down on the blocks seem to have found its highest bidder in the form of his elder brother Mukesh Ambani’s Reliance Jio Infocom Ltd. Reliance Jio has emerged as the highest bidder for 3-4 of the five asset packages … Read More “Mukesh Ambani’s Jio is the highest bidder for RCom assets” »
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BSE and NSE delisted 94 companies, with effect from December 1, 2017, pursuant to order of the Delisting Committee of the Exchange in terms of SEBI (Delisting of Equity Shares) Regulations, 2009 . For the detailed study : click here
CBDT has entered into 2 Bilateral Advance Pricing Agreements (APAs) in Electronics and Technology sectors during the month of November, 2017. These APAs are the first ever Bilateral APAs with The Netherlands. With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 186. This includes … Read More “2 New Advance Pricing Agreements” »
7th pay commission was set up in September 2013 and was accepted by the government on June 2016. impacting around 33 lakh CG employees, 14 lakh armed forces personnel, and 52 lakh pensioners. The total financial expenditure due to the revised salaries and pension amounts was Rs 1,02,100 crore out of which Rs 73,650 crore … Read More “A brief about 7th pay Commission” »
Currently, 43 per cent of children under five years of age in India are underweight, while 48 per cent suffer from stunting due to undernutrition. The Cabinet approved the National Nutrition Mission (NNM), giving funding of Rs 9,046 crore, till 2020, to combat malnutrition in the country. The Rs 9,046 crore budget will be funded … Read More “A Policy to Combat Malnutrition.” »