Finances

Share market: Reliance Industries, Infosys, HDFC, HFDC Bank and Bajaj Finance were among the top movers in the Sensex.

The Finance Ministry has recommended the railways restart a 94-year-old apprenticeship scheme, which was discontinued in 2015, to "catch the talent young" and tailor them to meet the requirements of the rail transport sector.

The government has decided to extend the tenure of veteran banker Uday Kotak as the IL&FS Non-Executive Board Member and Chairman by six more months. Mr Kotak will continue on the Board of Infrastructure Leasing and Financial Services Limited for a further period up to April 2, 2022, a notification issued by the Finance Ministry stated on Tuesday.

Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.

DeFi platforms allow users to keep custody of the crypto assets they get as they deposit their money in the protocol. Traders becoming a part of the DeFi systems can also participate in defining the rules that will later govern the system in the coming future.

India's plan to have stricter rules governing the e-commerce market has run into internal government dissent with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".

Private lender Kotak Mahindra Bank on Tuesday announced that it has launched its healthcare financing solutions ranging from healthcare infrastructure loans, medical equipment finance and unsecured healthcare loans with an aim to cater key stakeholders in the healthcare ecosystem.

India's plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".

Gains in IndusInd Bank, Bajaj Finance and Bajaj Finserv are being negated by losses in Maruti Suzuki, Bajaj Auto, Axis Bank and HDFC Bank

RBI Deputy Governor M Rajeshwar Rao on Monday emphasized on the need to mainstream green finance and think of ways to incorporate the environmental impact into commercial lending decisions.

According to the notification, the pre-budget meetings as well as meetings for discussing revised estimates will begin from October 12, 2021 onwards.

Finance ministers of Opposition-ruled states have demanded that the GST compensation cess regime be extended beyond June 2022.

Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.

The Goods and Services Tax (GST) Council on Friday decided to extend compensation cess till March 2026 for repaying loans. "Detailed financial statements have been worked out, based on which we learn that cess will have to be collected till March 2026, purely to pay back loans taken between 2020-21 and 2021-22," Finance Minister Nirmala Sitharaman ...

Food delivery apps like Zomato and Swiggy must pay GST, or Goods and Services Tax, instead of the restaurant they pick up orders from, Finance Minister Nirmala Sitharaman said Friday after a meeting of the GST Council in Lucknow.

Share market: Reliance Industries, Infosys, HDFC, HFDC Bank and Bajaj Finance were among the top movers in the Sensex.

The Finance Ministry has recommended the railways restart a 94-year-old apprenticeship scheme, which was discontinued in 2015, to "catch the talent young" and tailor them to meet the requirements of the rail transport sector.

The government has decided to extend the tenure of veteran banker Uday Kotak as the IL&FS Non-Executive Board Member and Chairman by six more months. Mr Kotak will continue on the Board of Infrastructure Leasing and Financial Services Limited for a further period up to April 2, 2022, a notification issued by the Finance Ministry stated on Tuesday.

Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.

DeFi platforms allow users to keep custody of the crypto assets they get as they deposit their money in the protocol. Traders becoming a part of the DeFi systems can also participate in defining the rules that will later govern the system in the coming future.

India's plan to have stricter rules governing the e-commerce market has run into internal government dissent with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".

Private lender Kotak Mahindra Bank on Tuesday announced that it has launched its healthcare financing solutions ranging from healthcare infrastructure loans, medical equipment finance and unsecured healthcare loans with an aim to cater key stakeholders in the healthcare ecosystem.

India's plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".

Gains in IndusInd Bank, Bajaj Finance and Bajaj Finserv are being negated by losses in Maruti Suzuki, Bajaj Auto, Axis Bank and HDFC Bank

RBI Deputy Governor M Rajeshwar Rao on Monday emphasized on the need to mainstream green finance and think of ways to incorporate the environmental impact into commercial lending decisions.

According to the notification, the pre-budget meetings as well as meetings for discussing revised estimates will begin from October 12, 2021 onwards.

Finance ministers of Opposition-ruled states have demanded that the GST compensation cess regime be extended beyond June 2022.

Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.

The Goods and Services Tax (GST) Council on Friday decided to extend compensation cess till March 2026 for repaying loans. "Detailed financial statements have been worked out, based on which we learn that cess will have to be collected till March 2026, purely to pay back loans taken between 2020-21 and 2021-22," Finance Minister Nirmala Sitharaman ...

Food delivery apps like Zomato and Swiggy must pay GST, or Goods and Services Tax, instead of the restaurant they pick up orders from, Finance Minister Nirmala Sitharaman said Friday after a meeting of the GST Council in Lucknow.