Finance News

Vivad se Vishwas: Govt settles over 43k MSME claims; refunds Rs 700 cr The government has settled 43,904 refund claims worth Rs 700 crore of MSMEs under the dispute resolution scheme Vivad se Vishwas-I. Under the scheme, MSMEs could claim a refund of 95 per cent of performance or bid security and liquidated damages forfeited by government departments and public ...

November sees highest issuances of certificates of deposit in FY24 In November, banks issued CDs worth Rs 75,884 crore

GST collections jump 15% to Rs 1.68 trillion in Nov: Finance Ministry GST collections jumped 15 per cent to nearly Rs 1.68 lakh crore in November, the finance ministry said on Friday. Goods and Services Tax (GST) mop-up was over Rs 1.45 lakh crore in November 2022. “The gross GST revenue collected in the month of November 2023 is Rs ...

Aditya Birla Health launches product 'Activ One' with 100% returns Funds earned on Health Returns can be used for payment of renewal premium and other non-medical expenses, out-patient expenses, etc

Bank lending to private corporate rises 14.9% in Sep 2023: RBI data Bank lending to the private corporate sector grew 14.9 per cent in September 2023 from 14.7 per cent a year ago, according to the Reserve Bank data released Friday. Another set of banking data released by the central bank showed the share of term deposits bearing a 6 ...

Fund review: Axis Focused 25 Growth Fund review: Axis Focused 25 Growth

Salary hike, 5-day work week for PSB employees by mid-December: Report The current wage agreement for PSB employees expired on November 1, 2022

RBI in discussions with US, Hong Kong, Swift on digital bank payments Current practices involve routing funds through banks using the Swift platform. CBDCs could enable direct settlements between parties, offering advantages such as speed and cost-efficiency

Private general insurers expand market share to 53.58% in H1FY24 Private general insurers increased their combined market share to 53.58 per cent in gross direct premium underwritten in the first half of the current financial year from 50.81 per cent in the year-ago period. As many as 31 insurers from the non-life industry had underwritten gross direct premiums of Rs ...

FinMin calls meeting of bankers to deal with digital payment fraud The Finance Ministry has called a meeting of senior bankers and RBI representatives on Tuesday to discuss steps to deal with increasing digital payment fraud and cyber security issue. The meeting to be chaired by Financial Services Secretary will discuss issues related to financial cyber security and increasing digital ...