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Punjab National Bank aims to raise deposits by 20% and credit by 22% during the current fiscal year based on a 28.4% increase in net profit. Reliance Industries may nominate Nita Ambani, wife of Mukesh Ambani, to the board of East India Hotels after acquiring a 14.12% stake in the company. Pension products offered by insurers and mutual funds could receive tax concessions under the new Direct Tax Code if they meet government standards regarding withdrawal limits and encouraging long-term retirement savings. Panasonic India plans to invest Rs. 1400 crore over the next three years to establish itself as a leader in home appliances in India.
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- Coal India has already encouraged employee participation in its upcoming public offering by helping open depository accounts and allowing subsidiaries' employees to purchase shares. However, unions at BSNL and NALCO protested the government's plans to list those companies.
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Critical and Important term in money banking and finance in Indian economy
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The document summarizes key announcements made in the Indian interim budget for 2019-20. It includes tax relief for individuals and farmers, increased deductions and exemptions, social security measures for unorganized workers, investments in infrastructure, education, and rural development, and benefits for poor and backward classes. Major proposals are tax rebates for those earning under Rs. 500,000 annually, a new pension scheme for unorganized sector workers, increased PM-KISAN payments for small farmers, and 25% more seats in educational institutions to meet the new 10% reservation quota for poor students.
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The document provides an overview of a research report on the problems faced by demat account holders and their expectations towards depository participants. It includes an introduction, company profile of HSBC, research methodology used which was descriptive with a sample size of 100 using convenience sampling. It finds the problems faced by demat account holders, their expectations from depository participants in Ludhiana city through a questionnaire. The findings help identify customer expectations to improve depository participants' quality of service.
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Bramma Exposure 4
Tata Motors is set to reveal its first electric vehicle for the Indian market in September. Tata Motors has been working on electric vehicles with its UK subsidiary Tata Motors European Technical Centre. Vodafone and Idea expect their merger, approved by regulators, to be completed in 2018. Baby Marine Ventures has hired consultants KPMG to prepare an expansion plan over the next 10 years.
Government has started linking all NREGS worker accounts to Aadhaar to reduce duplication and prevent funds leakage in the rural jobs scheme.
Economic Times
Banks' margins may slip by 2020 as wholesale markets deepen and corporates access them directly. Infrastructure lending will occupy a larger share of bank balance sheets. State-run banks see greater risk of margin squeeze than private or foreign banks. The RBI has moved to deregulate interest rates on savings accounts, allowing banks to set rates based on needs rather than the current 3.5% mandate. Amway India plans a second manufacturing facility in South India to supplement production by its current vendor, Sarvotham Care. Marico is looking to acquire more brands in Asia and Africa as part of its expansion plans. BSNL is ready for mobile number portability by October 31 and will lay optic fibre cables connecting Agart
Top news of this weekend (27 sep
The Reserve Bank of India told state governments not to give new business to private banks that could generate thousands of crores in income. Private banks argue this decision is driven by their lower lending to government schemes aimed at job creation and poverty reduction. Unilever will acquire hair and skin care company Alberto Culver for $3.7 billion to expand in higher growth product lines like hair conditioning and shampoo. Walmart plans to buy Massmart Holdings in South Africa for $4.6 billion as part of its expansion into Africa. The World Bank may invest $11 billion in an Indian government infrastructure debt fund to support lending in that sector.
Stand up india start up india
Prime Minister Narendra Modi launched the Startup India initiative to promote entrepreneurship and boost the Indian economy. The 19-point action plan aims to simplify regulations for startups, provide tax exemptions and funding support. A key aspect is a Rs. 10,000 crore fund to support new enterprises over four years. However, some experts note that the total funds may not be sufficient given the large funding needs of the startup sector in India. The program seeks to encourage innovation and help turn ideas into commercial products and services.
Et new
- Banks' margins are likely to slip by 2020 as wholesale debt markets deepen and corporate customers access these markets directly. Infrastructure assets on banks' books are estimated to reach 20-25 trillion rupees. State-run banks are expected to see greater margin squeezes than private or foreign banks.
- The Reserve Bank of India has moved to deregulate the interest rate on savings accounts, allowing banks to set the rate based on their need for funds rather than the current mandated 3.5% rate. Fully freeing rates could lead to decreases in some areas but increases in others.
- Amway India plans to set up a second manufacturing facility in South India to produce more of its over 115 nutrition,
Budget 2012 13
This document provides information about the Union Budget of India for the year 2013-14. It includes details such as the date of presentation, facts about past budgets, and strategies to achieve fiscal deficit targets. It also lists the group members who prepared an estimation of the revenue and expenditure for the future period. In addition, it discusses various announcements made in the budget and their expected impact on different sectors such as automobile, banking, infrastructure, FMCG, cement, capital goods, and power.
INCOME DECLARATION SCHEME A time to come clean
The IDS scheme announced by the government is open till 30th September, 2016. It is an important opportunity and the government has committed to not to seek any details or source of money earned and assets created once disclosed in terms of the scheme.
Aatma nirbhar bharat abhiyaan
The Prime Minister of India on May 12,2020 launching Aatma Nirbhar Bharat Abhiyaan under which he announcing a special economic package of Rs 20 lakh crore which is equivalent to 10% of India’s GDP. The policy aims to make India self-reliant, empowering the poor, laborers, and migrants who have been majorly affected by COVID-19.
Production Linked Incentive Scheme by Government of India
The Central Government has unveiled a
PRODUCTION LINKED INCENTIVE SCHEME
to encourage domestic manufacturing
investments in 10 More Sectors with an
estimated outlay of about Rs1.46 Lakh Crore
over the next Five Years.
These Sectors have been identified on the basis
of their potential to create employment and
make India Self-Relian
[ TAXMANN | THIS WEEK ]
The document summarizes key developments from the previous week reported on Taxmann.com, including:
1) PM Modi announced a Rs. 20 lakh crore special economic package to make India self-reliant in response to COVID-19. Key aspects include support for MSMEs, definition changes, global tender reforms, and job creation.
2) Finance Minister Sitharaman provided details on the package, such as collateral-free loans for MSMEs, debt support for stressed MSMEs, tax changes, and support for real estate, power utilities and more.
3) Taxation measures include reduced TDS/TCS rates, extended return filing deadlines, and extensions for the
Benefits available for MSMEs under budget 2018
The budget announcement focuses on improving credit options for MSMEs and promoting Digital and Startup India initiatives. Key points include:
1) Tax incentives for MSMEs and a reduced income tax rate of 25% for companies with turnover less than 250 crores
2) Rs. 3794 crore credit support for MSME sector along with interest subsidies and innovations
3) Online loan sanctioning linked to GSTN and target lending of Rs. 3 lakh crore under MUDRA Yojana
Union Budget 2016 India
This presentation is an attempt to summarize the salient points of the Indian Budget 2016-17.It is a presentation with basic details and its target audience are students undertaking Graduate level and MBA courses.
Recent development of indian financial system
The document discusses various recent developments in the Indian financial system. It mentions that the Supreme Court upheld the constitutional validity of the Aadhaar scheme. It also discusses the RBI setting up a regulatory sandbox for fintech and data science labs, IRDAI moving to a risk-based capital regime, and RBI increasing statutory liquidity ratio levels. It briefly summarizes the launch of the India Post Payments Bank and developments regarding blockchain, open market operations, a national logistics portal, and awards/approvals for banks and fintech companies.
Decoding of government of india 20 lakhs crore package
The follwing article decodes Government of India Announcement regarding COVID 19 Economic Package its vision/purpose, its intended usage, its implication in Indian circuit.
Gurnoor weekly News
RCOM is planning to partner with global technology companies like Motorola and HP for its 3G mobile infrastructure and innovation lab in India. The lab will provide 3G network and technology services to other operators. RCOM also plans to generate revenue by allowing other service providers to use the lab's services.
The central bank has hinted it may slow the pace of raising interest rates given moderation in food prices and the need to balance inflation control and economic growth. Rates have been raised four times this year to curb high inflation but growth is projected above 8.5% for the fiscal year.
The government warned it may ban BlackBerry services in India if the company does not provide a monitoring solution for its services within
Changing Times for Television Industry
The television industry in India has seen significant growth and development, now generating $2 billion in advertising revenue and $3.2 billion in cable subscription revenue. In contrast, Pakistan's television industry generates much less at $230 million in advertising revenue, with no subscription revenue for broadcasters. India has also implemented reforms like net billing between broadcasters and agencies, and placing a 12-minute per hour cap on advertising, which analysts believe will enhance the viewing experience and increase returns for advertisers. However, television in Pakistan still struggles with excessive advertising, especially during cricket matches. With digital media emerging, Pakistan's regulatory bodies will need to address these issues to improve the viewing experience and keep up with regional developments.
Economic times slides
The document discusses several topics:
1) Celebrities endorsing too many brands can confuse consumers and weaken brand communication.
2) Promising sectors for investors include IT, banking, and auto (though auto may face pressure from rising material costs).
3) India's new DTC bill lowers the number of days NRIs can stay in India to avoid taxes from 182 to 60 days.
4) Aviva Life Insurance launched two new ULIP plans and two other products to meet new IRDA guidelines.
5) PNB raised interest rates on some fixed deposits and car/housing loans.
Weekend news
The document contains summaries of several news stories:
1. SEBI clears smart order routing for all investors, which will help buyers and sellers get the best price on stock exchanges. Regulators have ended a battle between NSE and BSE.
2. The revised Direct Tax Code keeps the taxable basis as actual rent received and aims to simplify existing tax laws.
3. The Indian economy grew by 8.8% in the April-June quarter driven by strong manufacturing and agriculture growth.
4. Reliance Industries acquired a 14.12% stake in East India Hotels.
Weekend news
The document contains summaries of several news stories:
1. SEBI clears smart order routing for all investors, which will help buyers and sellers get the best price on stock exchanges. Regulators have ended a battle between NSE and BSE.
2. The revised Direct Tax Code keeps the taxable basis as actual rent received and aims to simplify existing tax laws.
3. The Indian economy grew by 8.8% in the April-June quarter driven by strong manufacturing and agriculture growth.
4. Reliance Industries acquired a 14.12% stake in East India Hotels.
Simmy
Reliance Industries may nominate Nita Ambani, wife of Mukesh Ambani, to the board of East India Hotels (EIH) which runs luxury hotel chains such as Oberoi and Trident. RIL acquired a 14.12% stake in EIH for Rs. 1,021 crore. Her presence on the board will help foster relationships with the Oberoi family. Meanwhile, Hindustan Unilever is becoming a talent export hub for its parent company Unilever, with 40 managers moving in 2008, 140 in 2009, and 195 in 2010 to join operations elsewhere as Unilever looks to markets like Asia, Africa, and Eastern Europe for growth. Punjab National Bank aims to
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Production Linked Incentive Scheme by Government of India
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Weekly news 12
Tata Indicom launched the Blackberry Bold 9650 smartphone for CDMA users in India, which offers global roaming, an optical trackpad, and enhanced WiFi and GPS capabilities. For the first two months, customers will receive a free 900 Rs data pack and 500 MB of tethered data usage. Apple surpassed Blackberry maker RIM in global smartphone sales for the first time, selling 14.1 million iPhones compared to RIM's 12.4 million Blackberry devices. Blackberry maker RIM temporarily agreed to allow lawful interception of its messenger services by security agencies due to government fears about terrorists using online and mobile communications to plan attacks, but negotiations were deadlocked as RIM says it does
Neelam
Google's next phone will have a near-field communication chip allowing contactless payments. The new phone, described by Google CEO Eric Schmidt, will replace credit cards by allowing users to "tap and pay" with their phone. Emami Group will invest 950 crore rupees over two years to expand its edible oils production capacity from 1,600 tonnes per day to 3,000 tonnes per day and roll out its Healthy & Tasty oil brand nationally. Airtel launched a new brand identity and replaced the Zain brand in 16 African countries where it operates. It also launched an ultra-low cost mobile phone package for approximately 23 US dollars.
Neelam
Google's next phone will have a near-field communication chip allowing contactless payments. The new phone, described by Google CEO Eric Schmidt, will replace credit cards by allowing users to "tap and pay" with their phone. Emami Group will invest 950 crore rupees over two years to expand its edible oils business, increasing production capacity from 1,600 to 3,000 tonnes per day. Airtel launched a new brand identity and replaced the Zain brand in 16 African countries where it operates. It also introduced an ultra-low cost mobile phone package for approximately 23 US dollars.
Weekened news neelam
ICICI Bank has launched a new instant money transfer service for NRIs called I-Express, which allows instant credit of funds transferred from abroad into beneficiary accounts in India through ICICI Bank's partners in Gulf countries. Reliance Power has awarded GE Energy India a Rs. 10,000 crore contract to supply equipment for expanding its 2,400 MW gas-based power project in Andhra Pradesh. TCS and Infosys plan to significantly increase hiring over the next quarters to meet revived demand in the US and Europe, with TCS aiming to hire 50,000 and Infosys 40,000.
Weekend news neelam
Aircel and Apollo Hospital Group have launched a telehealth consultancy service starting in Chennai, allowing video consultations with doctors. Nestle India will invest Rs. 250 crore to set up a new food and beverage facility in Himachal Pradesh. Google is aggressively marketing to small and medium enterprises in India to boost its online advertising, as India has an estimated 35 million SMEs but only 200,000 currently have an online presence. British Telecom, an original investor in Tech Mahindra, is in talks to sell its over 43% stake now that Tech Mahindra's financial issues have been resolved, and BT is looking for a 30% premium on the current market price.
Weekened news 6
The Department of Telecommunications refused the Comptroller and Auditor General of India's request for fresh queries about its 2G spectrum probe, citing a law ministry opinion that watchdogs cannot question government policy decisions. Handset maker Nokia saw its market share in India crash by almost 20% in the first six months of 2010 as it failed to keep up with rapid changes in the mobile market. Research in Motion introduced its first tablet computer, the Blackberry Playbook, aimed at business users and using a new QNX operating system. Pepsico called for advertising pitches to launch a new biscuit product and low-cost fortified beverage targeted for the Indian market.
Weekend news 5
Bharti Airtel has ended its dependence on western vendors by awarding a contract to supply 3G equipment to China's Huawei. It had chosen Ericsson, Nokia Siemens Networks, and Huawei as network partners to launch 3G services in India. Bharti Airtel had acquired 3G airwaves allowing it to offer services like video conferencing in 13 circles for around Rs.12,300 crore. Global private equity firm 3i group will invest $150 million in road business of Soma Enterprises. ZTE bagged two contracts worth Rs.1220 crore from RCOM to supply 3G and 2G gear in eight circles.
C:\Documents And Settings\Administrator\My Documents\Reume (Neelam)
Neelam Monga is pursuing an MBA from Punjab College of Technical Education with the objective of growing her knowledge and skills in the financial domain of a reputed company. She has a bachelor's degree from D.A.V College, Mansa with 65% and is currently completing her MBA. Her past experience includes working as a computer operator at Reliance Communications for 1 year. She has also undertaken training programs at HSBC and Punjab National Bank.
Neelam final
The document provides an overview of a research report on the problems faced by demat account holders and their expectations towards depository participants. It includes an introduction, company profile of HSBC, research methodology used which was descriptive with a sample size of 100 using convenience sampling and a questionnaire, data analysis and findings. The objectives were to ascertain problems faced and customer expectations to help improve depository participants' services. It examined customer satisfaction levels and factors considered in selecting a depository participant.
C:\Documents And Settings\Administrator\My Documents\Weekened News3
HP agreed to buy ArcSight for $1.5 billion to gain security software and serve the growing data center market. Bharti Airtel partnered with IBM to manage computing technology across Airtel's African markets. The Sensex crossed 19,000 for the first time in 32 months on strong factory output numbers and gains in banking, energy, and realty stocks. Steel producers in India are pursuing innovation and retail expansion to deal with falling demand and global price linkage.
Weekend news neelam
The document provides brief news updates on the following topics:
1. Gmail will allow users to make phone calls directly from their computers to phones in the US and Canada for free, and offer cheap international call rates.
2. SEBI has approved security measures for stock brokers to allow trading of stocks on cell phones through internet and mobile banking accounts.
3. TRAI has recommended implementing 10-digit numbers for fixed landlines in India by December 2011 to accommodate more users and facilitate number portability.
4. The Punjab government has imposed entry tax on items like steel, coal, electric meters, and milk to earn an additional Rs. 5 crore per month and protect local traders.
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Wneelam
- 1. Weekend News Neelam Monga
- 3. Their plans is to increase deposits by 20% and credit by 22% during the current fiscal.
- 7. Mrs Ambani has joined the board of RIL’s sports joint venture company with American major IMG.
- 8. Mrs Ambani had started handling IPL team Mumbai INDIANS in 2008.
- 13. Panasonic is launching its “camera to couch” 3D solution.