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Budget 2019: Here’s what financial services sector got from Nirmala Sitharaman The expectation from the Union Budget was to focus on strengthening the financial services sector, which is the backbone of India's economic growth. Finance Minister Nirmala Sitharaman announced multiple policies to fuel liquidity in the industry and prioritise infrastructure, education, disinvestment, Naari Shakti and youth energy, among others.
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Closing Bell: Sensex, Nifty end marginally higher ahead of Union Budget; UPL gains 7% Indian indices ended with marginal gains in a volatile trade on Thursday ahead of Union Budget to be presented on July 5. At close, the Sensex was up 68.81 points at 39,908.06, while Nifty was up 21.20 points at 11,938. About 1222 shares have advanced, 1195 shares declined, and 172 shares are unchanged.
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RBI Fines Fours Banks, Including PNB, For Violation of KYC Norms The Reserve Bank of India (RBI) has imposed a penalty of ₹1.75 crore on four public sector banks, including PNB and UCO Bank, for non-compliance with KYC requirement and norms for opening of current accounts.
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5 Income Tax Changes Expected in Modi 2.0 Government’s First Budget Nirmala Sitharaman will present the first Budget of the second term of the Modi government on July 5. Despite the Modi 1.0 government announcing some tax relief in the interim Budget in February, there are expectations that the finance minister may announce some more relief on the income tax front on Friday but not much.
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SEBI tightens norms for mutual fund investments In a reaction to a series of credit-related events that put investor money at risk, markets regulator Securities and Exchange Board of India (SEBI) on Thursday tightened norms on investments by mutual funds (MFs).
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India’s gold demand could fall to three-year low as prices hit record high India’s gold demand could fall 10% in 2019 from a year ago to the lowest level in three years as record high local prices dent retail purchases during a key festive season, the head of an industry body told Reuters.
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Gold Prices Jump to Highest in Six Years The metal surged to the highest level in six years as fresh US sanctions on Iran added to uncertainty in global markets, with semi-official Iranian Students News Agency reporting that the diplomatic path with Washington is closed “forever," citing foreign ministry spokesman Abbas Mousavi.
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Gas Prices May Rise in US as Explosions, Fire Rock Philadelphia Oil Refinery Explosions and a blaze at the largest oil refinery on the East Coast sent a fireball into the sky and shook homes before dawn Friday, though authorities reported only a few minor injuries and said the air was safe to breathe.
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How to Build Kitty For Down Payment of Home Loan Firstly, you need to decide the value of the property that you would like to buy and by when do you plan to buy it. Say you are 30 years old and you want to buy a house when you turn 45 years old. This means you have 15 years to build the down payment amount.
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Flipkart charts roadmap for US listing by 2022 Flipkart will tap the US equity market by 2022, the board of the Walmart-owned ecommerce marketplace decided earlier this month, said people aware of the matter.
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