Corporate Corner Finance News 

2-Day Bank Strike From Today. Salary Withdrawal, ATM Services May Get Hit

Banking operations could be hit as employees of public sector banks go on a two-day nationwide strike starting from today. The bank strike comes after a two per cent salary hike failed to convince the bank unions and several rounds of talks between banks and the unions of their employees did not make any headway. Since the bank protest dates coincides with the month end, salary withdrawals are likely to get affected. ATM transactions may also take a hit. Besides, deposit in branches, FD renewal, government treasury operation, money market operation would…

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Finance News 

Over 2,100 companies settle Rs 83,000 crore bank dues

HIGHLIGHTS Over 2,100 companies have cleared their outstanding amounts, a majority of which came after the government amended the IBC The IBC rules barred promoters of companies that were classified as a non-performing assets (NPAs) from bidding for these companies where the National Company Law Tribunal, the bankruptcy court, initiated action.   The fear of losing control over their companies has prompted promoters, who have defaulted on repayment of loans to banks, to settle their dues of around Rs 83,000 crore before action was initiated under the newly-enacted Insolvency and…

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Current Affairs Finance News 

Budget 2018: All you want to know about Union Budget in a nutshell

HIGHLIGHTS *No change in personal income tax slabs and rates *Surcharge of 10% on income above Rs 50 lakh but less than Rs 1 cr, 15% on income above Rs 1 cr to continue *Standard Deduction returns after a decade; Rs 40,000 to be allowed in lieu of transport allowance and medical expenses *Economic growth pegged at 7.2-7.5% for H2 FY18 *India’s average growth in first 3 years of NDA govt 7.5% *Indian economy size USD 2.5 trillion; 7th largest in world *India is expected to be 5th largest economy…

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Finance Live News 

BUDGET 2018 HIGHLIGHTS : जानें बजट की बड़ी बातें LIVE

वित्त मंत्री अरुण जेटली ने गुरुवार को लोकसभा में आम बजट पेश किया. 2019 लोकसभा चुनाव से पहले ये मोदी सरकार का आखिरी पूर्ण बजट है. जीएसटी लागू होने के बाद ये पहला बजट है. अरुण जेटली ने हिंदी में बजट पेश कर रह हैं. बजट से जुड़ी सारी अपडेट्स यहां पढ़ें…   आम बजट 2018-19 की LIVE कवरेज # Highlights 148: मोबाइल, टीवी के अलावा अन्य चीज़ों पर भी कस्टम ड्यूटी बढ़ाई गई # Highlights 147: मोबाइल फोन पर भी कस्टम ड्यूटी बढ़ाई गई: जेटली # Highlights 146: बजट…

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Finance News 

RBI to issue Rs 200 note on Friday

HIGHLIGHTS The Reserve Bank of India will issue the new note of Rs 200 denomination on Friday In an official statement, the central bank said the base colour of the note will be bright yellow The note will also have a motif of the Sanchi Stupa on the reverse side NEW DELHI: The new Rs 200 note will be issued on Friday, India’s central bank, the Reserve Bank of India (RBI) announced in a press release on Thursday. The height of the note would be the same as the new Rs 500 notes that…

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Corporate Corner Finance News 

Axis Bank buys Freecharge from Snapdeal for Rs 385 crore in all-cash deal

The Axis-Freecharge deal size at USD 60 million is significantly lower than the USD 400 million Snapdeal had paid to acquire the payments firm in 2015.  The board of Axis Bank has entered into a share purchase agreement with Jaspers Infotech Private Limited which runs Snapdeal to buy 100 percent stake in its payments subsidiary Freecharge in an all-cash deal worth Rs 385 crore, Axis Bank informed the BSE in a statement. Moneycontrol had reported on Wednesday that the two companies had agreed to a sale of Freecharge. The Axis-Freecharge deal…

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Finance News 

जी एस टी(GST) या वस्तु एवं सेवा कर : एक आसान व्याख्या | GST in Hindi

1. जी एस टी क्या है? वस्तु एवं सेवा कर या जी एस टी एक व्यापक, बहु-स्तरीय, गंतव्य-आधारित कर है जो प्रत्येक मूल्य में जोड़ पर लगाया जाएगा। इसे समझने के लिए, हमें इस परिभाषा के तहत शब्दों को समझना होगा। आइए हम ‘बहु-स्तरीय’ शब्द के साथ शुरू करें | कोई भी वस्तु निर्माण से लेकर अंतिम उपभोग तक कई चरणों के माध्यम से गुजरता है | पहला चरण है कच्चे माल की खरीदना | दूसरा चरण उत्पादन या निर्माण होता है | फिर, सामग्रियों के भंडारण या वेर्हाउस में डालने की…

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Finance News 

What is Goods and Service Tax – GST क्या है?

जीएसटी (GST), भारत के कर ढांचें में सुधार का एक बहुत बड़ा कदम है। वस्तु एंव सेवा कर (Goods and Service Tax) एक अप्रत्यक्ष कर कानून है (Indirect Tax) है। जीएसटी एक एकीकृत कर है जो वस्तुओं और सेवाओं दोनों पर लगेगा। जीएसटी लागू होने से पूरा देश,एकीकृत बाजार में तब्दील हो जाएगा और ज्यादातर अप्रत्यक्ष कर जैसे केंद्रीय उत्पाद शुल्क (Excise), सेवा कर (Service Tax), वैट (Vat), मनोरंजन, विलासिता, लॉटरी टैक्स आदि जीएसटी में समाहित हो जाएंगे। इससे पूरे भारत में एक ही प्रकार का अप्रत्यक्ष कर लगेगा क्यों…

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