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Bail-in: Here’s why SBI report says small depositors have nothing to worry about

The FRDI Bill establishes a Resolution Corporation which will monitor the financial firms such as banks, insurance companies, stock exchanges, and depositories and pre-empt their failure, and resolve or liquidate them in case of failure. There has been considerable disquiet over the draft Financial Resolution and Deposit Insurance (FRDI) Bill. Industry chamber Assocham has also jumped into the ‘bail-in’ debate ... Read More »

GST rate cut: Centre doubles down on GST’s gains for consumers

Cabinet nod for National Anti-profiteering Authority; entity to ensure fair pricing A day after the Centre notified the latest set of cuts in the rate of tax to be levied on a wide range of goods as part of the Goods and Services Tax (GST), the Union Cabinet on Thursday approved the creation of the National Anti-profiteering Authority to ensure ... Read More »

Consolidated FDI policy charter released

The government has brought out the latest edition of its consolidated FDI policy document, which is a compilation of the changes made in the past one year in a single document. It is an initiative aimed at ensuring greater ease of doing business in India and an investor-friendly climate to foreign investors so that the country attracts more FDI. The ... Read More »

Cut in mobile termination charges will hit sector: Vodafone CEO

Seeking “urgent support” from the Indian government, Vodafone Group CEO Vittorio Colao, in a letter to Telecom Minister Manoj Sinha, has said that any reduction in mobile termination charges will “destabilize the sector”. The Vodafone Group Chief has also expressed hope that the Inter Ministerial Panel set up to assess the financial health of the sector will recommend reduction in ... Read More »

Liquor sale ban does not extend to municipal areas: SC

The Supreme Court has clarified that its nationwide ban on sale of liquor within a distance of 500 metres along National and State Highways does not extend to municipal areas. The court, in an order dated July 11 which was uploaded on the Supreme Court website on Wednesday, clarified that the 500-metre ban does not prohibit licensed establishments within municipal ... Read More »

Farmers must fill loan waiver forms by Sept. 15

Mumbai: Unable to initiate the process of farm loan waivers even after two months, the State government has announced that farmers must fill forms to avail the scheme by September 15, despite its earlier promise not to set a deadline for the process. Following a farmers’ strike throughout the State, the government had announced the Chhatrapati Shivaji Maharaj Shetkari Sanman ... Read More »