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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Finance News 

Printing of Rs 200 currency notes begins

HIGHLIGHTS The notes of Rs 200 denomination are being printed in one of the govt-owned facilities. The government had examined the introduction of the new notes that would help citizens transact easily. The new 200 notes will carry advanced security features. MUMBAI/KOLKATA: India’s re-monetisation exercise appears to be entering its final lap, with the central bank beginning to print bills of 200 rupees – perhaps for the first time – to help ease consumer transactions. The notes of Rs 200 denomination are being printed in one of the government-owned facilities…

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Finance News 

GDP Grows at 7.1% in FY17, Note Ban Arrests Q4 at 6.1%

India’s GDP growth slipped by nearly one percentage point in 2016-17, as official data released on Wednesday indicated that demonetisation slowed the growth in January-March quarter. Data released by the Ministry of Statistics and Programme Implementation show that the Indian economy expanded 7.1% in fiscal year 2016-17, down from 8% in FY 2015-16. Gross Value Added (GVA) showed an even sharper decline from 7.9% (2015-16) to 6.6% (2016-17). GDP growth for the January-March quarter was worse than what many analysts had expected, dropping to 6.1% from 7% in October-November, which…

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Finance News 

जानिए, जीएसटी से क्या हो सकता है सस्ता और क्या महंगा

नई दिल्ली सरकार की योजना वस्तु एवं सेवा कर को 1 जुलाई से लागू करना है। आजादी के बाद का सबसे बड़ा आर्थिक सुधार कहे जाने वाले जीएसटी का उद्देश्य पूरे देश में वस्तुओं और सेवाओं की दर को एक समान रखना है। जानिए, जीएसटी लागू होने से क्या हो सस्ता और महंगा… यह हो सकता है सस्ता – छोटी कारें, एसयूवी, बाइक – पेंट और सीमेंट -मूवी टिकट -बिजली के सामान (पंखे, बल्ब, वाटर हीटर, एयर कूलर) – रोज़मर्रा की ज़रूरत के सामान – रेडीमेड कपड़े लेकिन ये हो…

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Finance News 

Parliament approves Finance Bill 2017

New Delhi, Mar 30 (PTI) Parliament today approved the Finance Bill 2017 after the Lok Sabha rejected five amendments moved to it by the Upper House with regard to curbing more powers to taxmen and a cap on donation by companies to political parties. Winding up the debate on amendments passed by the Rajya Sabha, Finance Minister Arun Jaitley said they cannot be accepted by the government, but invited suggestions from political parties, including the Congress and the BJD, to make electoral funding more clean and transparent. The Lok Sabha…

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Finance News 

GST rates will have no inflationary impact: Jaitley

New Delhi, Mar 29 (PTI) Allaying apprehension of spike in prices of goods and commodities after the roll out of the GST, Finance Minister Arun Jaitley today said the tax rates will be kept at the current levels so as not to have any inflationary impact. Introducing four bills to give effect to the Goods and Services Tax (GST), Jaitley said the legislations will have to be passed by Parliament and one by each of the state assemblies to turn India into one market with a single tax rate. The…

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Finance News 

Infibeam’s subsidiary NSI Infinium Global to acquire DRC for Rs 6 cr

Infibeam’s subsidiary NSI Infinium Global Private Ltd. has signed a binding Memorandum of Association with DRC Systems India Ltd. for the acquisition of DRC with full management control. Infibeam’s subsidiary NSI Infinium Global Private Ltd. has signed a binding Memorandum of Association with DRC Systems India Ltd. for the acquisition of DRC with full management control. It is an all cash deal with Rs 6 crore payment consideration. DRC is engaged in the business of providing software solutions for ERP, enterprise E-commerce & related solutions. They have also been providing…

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