National & International Financial news and Updates

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GST Council likely to slash rates for 70 items before Budget 2018

The official said that the council is likely to prune rate for agriculture implements, a move to boost agricultural sector, which is reeling under pressure.

Jan 17, 2018

Budget 2018: Govt's 'plan' to extend short-term capital gains tax to 3 years may affect your investment goals

The move is aimed at bringing the tax of equities on par with some other asset classes.

Jan 9, 2018

Will Modi govt bring back LTCG tax on equity returns in Budget 2018?

Market participants believe that if the government bring in long-term capital gains tax on equity investments, it would negatively impact the investors.

Jan 8, 2018

Why airfares won't go down, Civil Aviation Ministry explains

A report was tabled in Lok Sabha which suggests an upper limit for airfares and recommends not to levy more than 50 percent of the base fare for ticket cancellation.

Jan 7, 2018

RBI issues new Rs 10 notes: All you need to know

The new denomination has motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage.

Jan 5, 2018

7th pay commission, gujarat govt, fixed-pay employees, gujarat elections 2017, salary hike, 7th cpc, narendra modi

Salary revision of central govt employees to change forever: After 7th Pay Commission, what?

After the implementation of 7th Pay Commission the salary revision policy for central government employees is all set to change.

Jan 4, 2018

Govt launched 7.75% Savings Bonds Scheme: Here's all you need to know about it

The 8 percent Savings Bonds Scheme will be replaced by the new 7.75 percent Savings Bonds Scheme, starting from January 10.

Jan 4, 2018

FRDI Bill proposal: Soon you may need to pay for keeping your bank deposits safe

As of now, banks have to pay a premium of about 10 paise per Rs 100 insured. Any increase in this level would raise the amount of premium that banks will have to pay.

Jan 3, 2018

e-commerce , credit card, online shopping

Iran and Russia holding final talks to integrate banking systems, in bid to dodge US financial sanctions

The two nations are set to improve their financial relationship with integrated banking systems. Read to know more.

Jan 2, 2018

Considerable number of stressed accounts to be resolved in 2018, says SBI chief

"If promoters are willing to settle and there are good quality assets, then there is no need for banks to take any haircuts," said Rajnish Kumar.

Dec 29, 2017

npa ordinance, more powers to rbi, fm arun jaitley, govt passes ordinance on npas, india's stressed assets

At Rs 9.5 lakh crore, bad loans post India at fifth among nations with high NPA problem

India's non-performing assets (NPAs) are one of the highest in the group of 'high-NPA' nations. Only four European nations have higher stressed assets.

Dec 28, 2017

Bitcoin continues to fall: Should we fear Morgan Stanley's $0 warning, or is this a 'welcome dip'?

If nobody wants to buy bitcoin, the cryptocurrency will soon become worthless, an analyst said.

Dec 26, 2017

Bitcoin surpasses $12,000: RBI issues warning, says issued no licence to operate virtual currencies

The RBI further stated that "no regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities."

Dec 6, 2017

Home Loan Tips: Top 5 tips to get the lowest home loan interest rate

These tips can help you get lowest home loan rate of interest. The more stable your credit history, the higher your chances are of getting a home loan interest rate that is affordable.

Nov 23, 2017

No overpricing: 'Modi govt negotiated Rafale deal better, saved Rs 12,600 crore'

Sources said if aircraft procurement is compared in flyaway condition, NDA govt succeeded in bagging a better deal than the previous government.

Nov 23, 2017

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