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  • 22-Nov-2017
  • Cabinet approves setting up of finance commission 

    The union cabinet has approved the setting up of 15th finance commission starting from Ist April,2020.Former bureaucrat and Rajya sabha member N K Singh will head the commission.

  • 17-Nov-2017
  • Moodys upgrades rating of four Indian banks 

    The Moodys headquartered at NewYork has upgraded the the grading of four Indian banks from Baa3 -Baa2.The four banks are State Bank of India,HDFC bank, Exim bank and Indian Railway Finance Corporation. 

     

  • Urjit Patel on BIS advisory board 

    RBI governor Urjit Patel has been selected to the Financial Stability Institute Advisory Board or the Bank of International Settlement (BIS), a global financial organisation owned by major central banks from across the world.

  • 16-Nov-2017
  • RBI rejects HDFC's proposal to be a FII

    Reserve Bank of India has rejected HDFC's proposal to be a Foriegn Institutional Investor citing the current rules which has to be changed for FII.

  • 11-Nov-2017
  • New RBI norms for NBFC 

    According to the new RBI norm  for Non-banking financial companies (NBFCs) cannot outsource core management functions like internal audit, strategic and compliance functions for know your customer (KYC) norms, sanction of loans and management of investment portfolio. 

     
  • 10-Nov-2017
  • Federal Bank gets RBI nod in Kuwait and Singapore 

    Federal Bank head quartered in Kerala gets RBI approval to start branches in Kuwait and Singapore.Bank has representative offices in Abhudhabi and Dubai.

  • 09-Nov-2017
  • Government signs tax avoidance protocol between India and NewZealand 

    The government has signed third tax avoidance protocol between India and New zealand for tax avoidance and tax evasion.The protocol updates the existing framework of exchange of tax-related information to latest international standard.

  • 28-Oct-2017
  • RIL first company to cross Rs 6 trillion

    Reliance India Limited is the first company in India to cross Rs 6 trillion.Mukesh Ambani is the CEO of Reliance Industries Limited

  • 23-Oct-2017
  • RBI says linking of Aadhaar with bank account is mandatory 

    The Reserve Bank of India has said that the linking of Aadhar is mandatory with the bank account under the Prevention of Money-Laundering (Maintenance of Records) Second Amendment Rules, 2017 .

  • 18-Oct-2017
  • MCX launches commodoty option in Gold 

    Multi Commodity Exchange has launched a options contract in Gold.Gold option contract, with Gold (1 Kg) futures as underlying, expiring on November 28, 2017 and January 29, 2018 are made available .

     
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