Kumar further said Punjab National Bank will get Rs 5,908 crore, Union Bank of India Rs 4,112 crore, Andhra Bank Rs 3,256 crore and Syndicate Bank Rs 1,603 crore.
On Feb 13, a bench of Justices R F Nariman and Vineet Saran reserved its judgement when Ericsson India had alleged that the Reliance Group has money to invest in the Rafale jet deal but they were unable to clear its Rs 550-crore dues, a charge which was vehemently denied by the Anil Ambani-led company.
The decision was made at the meeting of the RBI's Central Board in New Delhi.
Last financial year, the RBI had paid an interim dividend of Rs 10,000 crore to the Centre.
The service providers have been issued show-cause notice to explain their position including reasons for non-compliance.
The new pricing policy is aimed at bringing in transparency and empowering the audience who were earlier offered packs by DTH and cable operators without much choice.
The decline was due to a fall in food prices and smaller increases in fuel costs.
The new tariff regime for cable and DTH TV services, which mandate consumers to select channels of their choice -- either individual channels or bouquets -- came into effect on February 1.
The inflation rate was estimated at 3.2-3.4 per cent in the first half of the year 2019-20 and 3.9 per cent in the third quarter of 2019-20.
In its budget estimates for FY20, the BMC neither proposed any hike in the existing taxes nor any new levy.
Goyal also announced relief for realty firms by extending tax rebate on development of affordable housing until next fiscal and not charging tax for two years on notional rent of unsold units.
In an apparent reference to the raging controversy over jobs, Jaitley wondered how the Indian economy can grow at an average of 7.5 per cent in the last five years without any job creation.
The new income tax provisions introduced by the government can help you save on taxes. Check the table given here to know how.
Finance Minister doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh, raising standard deduction to Rs 50,000 and provided concessions on interest income from bank deposits and rent.
The biggest Easter egg in Piyush Goyal’s populist kitty was for individual tax payers. Revising the income slab to give relief to over 3 crore tax payers, the Modi government today proposed a full tax rebate on annual income upto Rs 5 lakhs.
Those having an annual income of Rs 5 lakh per annum will get full rebate in Income-tax, Piyush Goyal announced during his Budget speech on Friday.
The Union Budget 2019 or a Vote on Account is being seen as the last-ditch attempt to woo voters ahead of the general elections by the Modi government.
Spectra has raised the bar in the segment with 1 Gbps packages across the most value intensive packages.
Sukanya Samriddhi Yojana is a savings scheme, backed by the Government of India, which enables parents of girl children to build a fund for their future education and wedding expenses.
The growth rate can be easily increased by 1 per cent by addressing structural problems through reforms, the council observed during its meeting Friday.
The two had sought bail on the ground that they are complying with the apex court order and have deposited over Rs 400 crore.
At a session on the emerging market outlook at the World Economic Forum Annual Meeting 2019, Nath also strongly defended his government's farm loan waiver decision and said the agricultural sector in India and particularly in his state has been in distress.
TRAI has introduced a new application which helps the subscribers in making their channel selection.
In 2017, India became the sixth largest economy with a GDP of USD 2.59 trillion while China was the second larges with a GDP of USD 12.23 trillion, as per World Bank data.
One cannot deny the fact that no matter how careful you are about your health, sudden and unforeseen medical requirement cannot be avoided, leading to situations that can dig a hole in your pocket.
Using the PAN of an entity, the Income Tax Department can find out its financial history and check whether it has paid all due taxes on time or not. It is one of the biggest and the most effective weapons of the ITD against tax evaders.
The quarterly results will remain in focus in the upcoming weeks as major third quarter results by Kotak Mahindra Bank, Maruti Suzuki, Larsen and Toubro, Yes Bank, Asian Paints and ITC is scheduled to be announced.
Modi government is set to come out with its final Union Budget before the Lok Sabha polls later this year. But before the Union Budget is presented on February 1, the Ministry of Finance has issued a series “Know Your Budget” to clear the confusion around financial terms which leave many baffled. Here are some key terminologies of the Union Budget:
The two governments often have different fiscal plans, so the old government budget is cut short and a new budget is created. The interim Budget helps span the transition time between the two governments so that the government can continue to function.
The finance minister presents a comprehensive statement of government's finances including spending, revenues, deficit and debt etc. on the budget day.
With petroleum products being outside the GST regime, prices vary as a result of local taxes.
Exim Bank commenced operations as a purveyor of export credit, mirroring global export credit agencies.
The pre-requisite for ensuring growth is a decisive leadership, consistency in policy direction and a strong and stable government, and not "an unworkable alliance with maverick leadership whose longevity is a suspect can never achieve this" he said in the blog.
State-run oil marketing companies increased petrol rates by 38 paise per litre on Monday, while diesel prices were raised by 49-52 paise across the four major metros.
The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with the exchequer, PTI reported quoting an official.
"GST exemption limit has been doubled to Rs 20 lakh for north eastern states and Rs 40 lakh for the rest of the country," Union Finance Minister Arun Jaitley announced on Thursday.