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MONETARY LIMIT FOR WAIVER
RBI MPC minutes: Policy misstep fears drove rate pause amid West Asia uncertaintyThe Reserve Bank of India's Monetary Policy Committee has opted for a cautious "wait and watch" stance, holding the repo rate steady due to...- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- G7 finance ministers explore responses to Iran war falloutGlobal finance leaders met in Paris to address economic fallout from the Middle East conflict. France's finance minister called for increas...
- US extends Russian oil waivers by 30 days, offering relief to India and other vulnerable nationsThe United States has granted a 30-day extension for sanctions relief on Russian seaborne oil. This decision offers crucial support to Indi...
- France finance minister says Hormuz must open, G7 ready to mitigate war falloutG7 finance leaders are focused on the economic impact of the Middle East conflict. They are prepared to address soaring energy prices and t...
- CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisisConfederation of Indian Industry praises government and RBI for swift actions amid West Asia conflict. CII proposes a detailed plan to supp...
- Banks' credit growth to moderate in FY27; NPAs to inch up: Crisil RatingsBanks' credit growth is projected to slightly slow to 13% in FY27, with a potential 0.20% rise in bad loans to 2.5% by March 2027, accordin...
- Delhi, Punjab, Kerala & Puducherry spend more on day-to-day expenses rather than investing in capex: RBI reportThe Reserve Bank of India (RBI) warns that populist measures like free electricity and transport, while offering immediate relief, are stra...
- CBDT sets monetary limit to waive interestThe Central Board of Direct Taxes (CBDT) has introduced monetary limits for waiving or reducing interest on tax payments. This move aims to...
- Taxpayers, check ITR portal NOW: Pending tax demand of up to Rs 1 lakh per individual waived by govtIncome tax outstanding demand: The Central Board of Direct Taxes (CBDT) has stated via a order that the income tax department has started w...
- Tax demand waiver: Income tax dept can waive off demand above Rs 1 lakh in these casesIncome tax demand waiver: The Central Board of Direct Taxes (CBDT) has stated in a circular dated February 13, 2024 that the tax department...
- RBI imposes penalty on City Union Bank, 3 other lendersA penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained i...
- How bankruptcy code can help fix India's agrarian crisisThe IBC’s ‘fresh start’ process provides a systematic manner of waiving debts overseen by a judicial body.
- RBI’s shift to ‘neutral’ stance and rate cut geared to complement fiscal reflation to enhance consumptionWhat took the market by surprise was the MPC’s decision to lower the repo rate by 25 bps.
- Farm waivers may cut GDP by Rs 1.1L crIncreasing trends of states doling out farm loan waivers could reduce aggregate demand in the economy by as much as 0.7 per cent.
- States' farm loan waivers may result in fiscal slippages: Reserve Bank of IndiaIndia's largest state by population UP, along with Punjab, Maharashtra, and Karnataka are among the states that have announced loan waivers...
- Farm loan waivers to be 2 per cent of GDP by 2019 polls: BofAMLThe Indian economy is expected to see a consumption driven growth rather than investment and farm loan waivers is likely to add to this tre...
- Budget 2016 proposals to create strong base for growth, says ICSIThe Union Budget is reformist and aims to create a strong base for economic growth and ensure fiscal discipline, ICSI President Mamta Binan...
- Focus on monetary stimuliThe election campaign largely ignored nation's burgeoning fiscal deficit.
- RBI plans tough steps to check price riseA ballooning budget deficit may force RBI to raise borrowing costs to prevent higher government spending from stoking prices. Financial mis...
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