The Government of India extends bank loans to Economically Weaker Section (EWS) under various Schemes. In terms of Reserve Bank of India (RBI) Guidelines on Priority Sector Lending (PSL), a target of 40 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposures (OBE), whichever is higher, as of preceding March 31st, has been … [Read more...] about GOI extends bank loans to EWS under various Schemes.
Economy
Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector.
Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector. The Union Finance Minister, Shri Arun Jaitley said that the Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector especially in case of Public Sector Banks (PSBs). The Finance Minister said that there are two … [Read more...] about Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector.
No signs of sharp turnaround in economy in FY17
'No signs of sharp turnaround in economy in FY17' Panaji, Mar 10 (PTI) Ratings agency Crisil has said that there are no signs of Indian economy sharply rebounding in the next financial year as the fiscal policy remains restrictive. "For economy, there is no sign of sharp turnaround in the coming fiscal. It needs support from accommodative monetary policy and less restrictive … [Read more...] about No signs of sharp turnaround in economy in FY17
GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’
GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’ While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the growth of GDP has accelerated to 7.6% in the current Financial Year. This was possible notwithstanding the contraction of global exports by 4.4% compared to 7.7% growth in the world … [Read more...] about GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’
Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000
Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000 100% Deduction of Profits for 3 out of 5 Years for Start-Ups Withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement Deduction of Additional Interest of Rs.50,000 Per Annum for First-Time Home buyers New Dispute Resolution Scheme to be Introduced Thirteen Cesses Levied by Various Ministries … [Read more...] about Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000