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JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
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Who Will Get Sahara's Rs 25,000 Crore Funds Lying In SEBI Account?
Sahara Group founder Subrata Roy's death last week brought to focus the undistributed funds of over Rs 25,000 crore lying with the share market regulator for more than a decade.
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PM CARES Fund A Charitable Trust, Not Controlled By Government: Centre Tells Delhi Court
The PM CARES Fund is not a government fund as donations to it do not go to the Consolidated Fund of India and no third party information can be parted with irrespective of its status under the Constitution and the RTI Act.
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Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
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Computer Age Management Services Q4 PAT rises 23% To Rs 74 Crore
CAMS (Computer Age Management Services), which acts as a registrar and transfer agent to mutual funds, on Thursday reported a 23 per cent surge in its consolidated profit after tax at Rs 73.84 crore in quarter ended March.
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PM CARES "Not A Government Fund", Prime Minister's Office Tells High Court
The PM CARES Fund is not a Government of India fund and the amount collected by it does not go to the Consolidated Fund of India, the Delhi High Court has been informed.
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Lok Sabha Passes Appropriation Bill, Completes 2/3rds Of Budget Exercise
The Lok Sabha on Wednesday passed the Appropriation Bill 2021-22, authorising the government to draw funds from the Consolidated Fund of India for its working as well as implementation of its programmes and schemes.
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Madhya Pradesh: 14.53 Lakh Students Of Classes 9-12 To Get Scholarship Funds
The Madhya Pradesh government is transferring funds to the school students’ bank accounts as part of the consolidated scholarship scheme under the MP state school education department. The scholarships are being given to the students of Class 9 to Class 12.
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Rajya Sabha Returns 2 Appropriation Bills For Withdrawal Of Funds By Centre
Rajya Sabha today returned the Appropriation (No 3) Bill, 2020 and the Appropriation (No 4) Bill, 2020, authorising payment of certain sums from the Consolidated Fund of India for the current financial year.
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India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
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IMF Says Corporate Income Tax Cut Will Help Revive Investment In India
IMF also said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.
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Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
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IMF Advises 3 Steps For India To Sustain Its High Growth Rate
To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund or IMF said today.
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Supreme Court Doesn't Seem To Agree With Aadhaar Law Being Termed Money Bill
The Supreme Court today did not seem to agree with the government's contention that the Aadhaar law was correctly termed as a Money Bill by the Lok Sabha Speaker as it dealt with "targeted delivery of subsidies" for which funds come from the Consolidated Fund of India.
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Full GST Implementation Must To Avoid Tax Revenue Underperformance: IMF
Fiscal consolidation was paused in 2017/18 as the economy recovered from disruptions related to notes ban, GST, IMF says.
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JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
-
Who Will Get Sahara's Rs 25,000 Crore Funds Lying In SEBI Account?
Sahara Group founder Subrata Roy's death last week brought to focus the undistributed funds of over Rs 25,000 crore lying with the share market regulator for more than a decade.
-
PM CARES Fund A Charitable Trust, Not Controlled By Government: Centre Tells Delhi Court
The PM CARES Fund is not a government fund as donations to it do not go to the Consolidated Fund of India and no third party information can be parted with irrespective of its status under the Constitution and the RTI Act.
-
Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
-
Computer Age Management Services Q4 PAT rises 23% To Rs 74 Crore
CAMS (Computer Age Management Services), which acts as a registrar and transfer agent to mutual funds, on Thursday reported a 23 per cent surge in its consolidated profit after tax at Rs 73.84 crore in quarter ended March.
-
PM CARES "Not A Government Fund", Prime Minister's Office Tells High Court
The PM CARES Fund is not a Government of India fund and the amount collected by it does not go to the Consolidated Fund of India, the Delhi High Court has been informed.
-
Lok Sabha Passes Appropriation Bill, Completes 2/3rds Of Budget Exercise
The Lok Sabha on Wednesday passed the Appropriation Bill 2021-22, authorising the government to draw funds from the Consolidated Fund of India for its working as well as implementation of its programmes and schemes.
-
Madhya Pradesh: 14.53 Lakh Students Of Classes 9-12 To Get Scholarship Funds
The Madhya Pradesh government is transferring funds to the school students’ bank accounts as part of the consolidated scholarship scheme under the MP state school education department. The scholarships are being given to the students of Class 9 to Class 12.
-
Rajya Sabha Returns 2 Appropriation Bills For Withdrawal Of Funds By Centre
Rajya Sabha today returned the Appropriation (No 3) Bill, 2020 and the Appropriation (No 4) Bill, 2020, authorising payment of certain sums from the Consolidated Fund of India for the current financial year.
-
India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
-
IMF Says Corporate Income Tax Cut Will Help Revive Investment In India
IMF also said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
IMF Advises 3 Steps For India To Sustain Its High Growth Rate
To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund or IMF said today.
-
Supreme Court Doesn't Seem To Agree With Aadhaar Law Being Termed Money Bill
The Supreme Court today did not seem to agree with the government's contention that the Aadhaar law was correctly termed as a Money Bill by the Lok Sabha Speaker as it dealt with "targeted delivery of subsidies" for which funds come from the Consolidated Fund of India.
-
Full GST Implementation Must To Avoid Tax Revenue Underperformance: IMF
Fiscal consolidation was paused in 2017/18 as the economy recovered from disruptions related to notes ban, GST, IMF says.
