Reserve Bank of India i.e. RBI has sold gold from its reserves for the first time in almost three decades. He has become active in gold trading since August this year after accepting the recommendations of Jalan Committee . According to the recommendations of the committee, RBI can share profits with the government above the […]
Dewan Housing Finance (DHFL) diverted ₹20,000 crore to its promoters’ private entities, Moneylife reports, citing the findings of a forensic audit conducted by KPMG. Banks may push for a change in DHFL’s management if the new details are proven true, Livemint reports. The findings could also endanger the company’s proposed debt restructuring plan. In January, […]
The airline industry has always struggled to take off. Just in India, over 12 airlines have been grounded in the last 20 years, and this is despite the fact that the Indian aviation market has seen a mammoth growth in this same period. The global trends have been no different. Through my first insight story, […]
The World Bank has slashed India’s GDP growth forecast for the current fiscal to 6% from 7.5%. India’s economic slowdown is “severe,” largely due to external and cyclical factors, including a decline in consumption, the Washington-based institution said. Moreover, the financial sector is becoming a “drag” on growth. Earlier, the RBI and rating agency Moody’s […]
The finance ministry may impose 5% goods and services tax on certain items currently exempt and hike rates on some from 5% to 12%, Business Standard reports, citing government officials. For example, private health and education services, which are currently outside the GST ambit, could be taxed. The reason: September GST mop-up fell to a […]
