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India's current account balance deficit grew to $68bn in 2018-19: IMF

UNITED NATIONS:  India's current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs.

RInfra lenders sign pact for debt resolution

MUMBAI:  The Reliance Infrastructure Ltd (RInfra) on Thursday said that its 16 lenders have signed the Inter-Creditor Agreement (ICA) for resolution of the company's debt.

Considering 5-year ban on new cash credit societies: Goa CM

PANAJI:  The Goa government is considering banning registration of new cash-credit societies for a period of five years, Chief Minister Pramod Sawant said on Tuesday.

Congress attacks Modi government over education loans

NEW DELHI: The Congress on Monday accused the Modi government of "punishing" lakhs of economically weaker students seeking education loans to pursue professional or technical courses.

Not charging extra for digital transactions: Paytm

NEW DELHI: Digital wallet Paytm on Monday refuted reports that it is going to charge users extra amount for digital transactions on its platform.

Paswan accepts Capt Amarinder's suggestion for joing meeting with FM to resolve Rs.31000 Cr loan issue

NEW DELHI:  Union Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan on Thursday acceded to the request of Punjab Chief Minister Captain Amarinder Singh to hold a joint meeting with the Union Finance Minister to resolve the Rs 31000 crore food account loan legacy issue.

Credit crunch hits common investors: Congress

NEW DELHI: Ahead of the Union Budget on July 5, the Congress here on Monday said common investors were suffering due to the lack of investment in the economy.

Sudden spike in Jet Airways stocks, gains 66%

MUMBAI:  Grounded Jet Airways stocks saw a sudden spike on Thursday as its advanced 66 per cent from its intra-day low to hit a high of Rs 44.70 per share during early trade on the BSE.

Facebook says its digital currency 'Libra' coming in 2020

SAN FRANCISCO:  Amid intense calls to break it down as the company has grown too big, Facebook on Tuesday announced its own digital wallet subsidiary called "Calibra" for its global cryptocurrency "Libra" which would be powered by Blockchain technology.

Investors abandon Jet Airways, shares crash 52%

MUMBAI:  Jet Airways shares lost over half of its value on Tuesday following its lenders' decision to initiate bankruptcy proceedings against the grounded airline.

IL&FS case: Rating agencies faked IFIN ratings to dupe investors

NEW DELHI:  Credit rating agencies played major villain in the IL&FS crisis as they adjudged positive and impressive ratings on a regular basis to commercial papers and non-convertible debentures (NCDs) of IL&FS Financial Services (IFIN) despite unhealthy financial condition of the company, revealed an investigation report submitted by the Serious Fraud Investigation Office (SFIO) to the Ministry of Corporate Affairs.

Creating a skilled pool of Indian coders top priority: AWS

WASHINGTON:  As disruptive technologies begin to touch every part of our daily lives, the world today needs builders who can write Cloud-driven smart algorithms to help companies deliver customer experiences -- be it retail, banking, food, transportation or health sector.

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI:  Withdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory.

Eight accused of bank fraud sentenced for 5 to 7 years jail and fine

NEW DELHIl: The Special Judge, CBI cases, Ernakulam (Kerala) has sentenced M.R. Somaraj N Nair, Managing partner of M/s Greenwood India, Cochin to undergo 07 years Rigorous  Imprisonment with fine of Rs.75 lakh; Shri Anantha Narayanan Bhat, Partner of M/s Greenwoods India, Cochin to undergo 06 years Rigorous  Imprisonment with fine of Rs.75 lakh;  K.N. Ramachandran (Business man) to undergo 06 years Rigorous  Imprisonment with fine of Rs. 40 lakh;  Biju George, (Business man), to undergo 05 years Rigorous  Imprisonment with fine of Rs.40 lakh;  Paul Anthony  Adhav (Business man), to undergo 06 years Rigorous  Imprisonment with fine of Rs. 30 lakh;  Shri Ajay Baburao Kad, (Business man), to undergo 06 years Rigorous  Imprisonment with fine of Rs. 3 lakh; Raja Chandrasekhar Khara (Business man), to undergo 06 years Rigorous  Imprisonment with fine of Rs.2 lakh and  Kailash Ankushbhai Wadkar (Businessman), to undergo 06 years Rigorous  Imprisonment with fine of Rs. 2 lakh.

Traits of the 360 Degree Feedback System

There is the implication of the 360 degree feedback appraisal. This is the incredible platform to help in the successful assessment of the employees. The kind of assessment will help in giving the complete picture of the employee performance in the field. The appraisal will also state his or her conduct at the job place with the collection of the essential feedback from the several stakeholders. In the usual case, the 360 degree option is introduced in case of the employees through the administrative mechanism and this includes the various human resources at length. The process is highly effective and absolutely hassle-free.

e-Money share in India's payment systems reaches 21.5%: RBI

NEW DELHI: Getting a leg-up from the demonetisation of Rs 500 and Rs 1,000 currency notes in November 2016, the share of e-Money in India's payment systems grew to 21.5 per cent in 2017 from 0.8 per cent in 2012, according to a new report prepared by the Reserve Bank of India (RBI).

MCA hints at RBI inaction on non-compliance of IFIN on key benchmarks

NEW DELHI:The Ministry of Corporate Affairs (MCA) has hinted at the indifference of RBI on the IL&FS's financial services arm (IFIN) for not meeting the basic criteria on CRAR (Capital-to-risky Asset ratio) and NOF (Net owned Funds) and the company's auditors' taking refuge in such lack of response from the apex bank in taking action on time against the company.

Amit Shah gets Home Ministry

Bharatiya Janata Party (BJP) President Amit Shah was assigned the Home portfolio in Prime Minister Narendra Modi's new government on Friday.

Pre-approved Business Loan Options in India

It is challenging to manage a business successfully. For, every business thrives on the test of your risk taking abilities and decision making.

Captain Amarinder's tactical advance strikes cord

Punjab Chief Minister Captain Amarinder Singh, 77, may have been out of the Indian Army for decades now but he is proud to have served the nation in uniform.

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