SWAMIH has given final approval to 95 projects sanctioning more than Rs 9,500 crores which will complete over 57,700 homes. It has already completed over 1500 homes in 7 projects and is on track to complete at least 10,000 homes every year.
While electronic toys such as expensive robots and kids’ tablets attracted 18% GST earlier, other toys such as tricycles and bicycles were taxed at 12%.
"For us as a company, Covid hit quite hard. For us getting people to take the vaccine is a moral imperative. We find that there's a fair percentage of the population, which is hesitant to take vaccines for a number of reasons. Tamil Nadu, which is our home state, is particularly bad, despite being a relatively developed, well educated state."
"Gold loan securitisation volumes were about Rs 4,400 crore in H1 FY2022 (similar to volumes seen in H1 FY2021) forming 10 per cent of the overall domestic securitisation volumes as compared to 6 per cent seen in FY2020 (pre-Covid period)," the credit rating agency said in the report.
During the half-year under review, there were two Purchase transactions aggregating USD 191.29 million and one Repurchase transaction aggregating USD 46.68 million under the Financial Transaction Plan (FTP) of the IMF. The IMF made an allocation of Special Drawing Rights (SDR) 12.57 billion (equivalent to around USD 17.86 billion at the latest exchange rate) to India on August 23, 2021, the report said
RBI has stopped automatic recurring payments for all services offered by various companies such as Amazon, Netflix or several applications or apps. This would mean that money cannot be directly debited from a customer’s credit card or bank account without his permission.
The bank's board of directors has approved the appointment and the same will have to be ratified by the Reserve Bank and shareholders of the lender, according to a statement. In his new role, Anand will continue to lead the wholesale banking side and also work closely with the board in strengthening control and governance aspects, it said.
“While chasing higher asset growth and returns, lenders should not throw caution to the winds. Any slip-up through adverse actions of the MFIs may undo the tremendous progress achieved over the decades and the sector can ill-afford to do that,” Rao said at Sa-Dhan National Conference on “Revitalizing Financial Inclusion”.
These leadership appointments are strategically aligned with Spice Money’s aim to strengthen human capital within the company and having people with the right skills as well as experiences, thereby driving the next level of growth for the company.
The Reserve Bank of India has approved the appointment of Baldev Prakash as the MD & CEO of J&K Bank from next year for a period of 3 years.
Fintech firm set to increase offer size by Rs 1,700 crore to Rs 18,300 crore after Sebi approval
Avendus Group's asset management arm Avendus PE Investment Advisors is planning to launch a Rs 1,000 crore structured credit fun soon under AIF Category II
The Place of Effective Management (Poem) framework was introduced in 2018 to determine the tax payable by a foreign company that, for all purposes, is managed from India and yet does not pay taxes domestically. Many Indian companies that have traditionally used holding companies and subsidiaries overseas for various reasons had put additional structures in their foreign entities following the regulations.