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Category Archives: Economy

Nifty crosses past 10,000 points for the first time

The National Stock Exchange’s Nifty has gone past the 10,000 mark for the first time today. This is a clear indication of the country going towards positive growth with improved earnings among other factors. The acceleration was due to the rally of few company’s shares which was spear headed by Reliance Industries which saw a 52 week high of Rs. 1624.90 ... Read More »

GST and its benefits and impact on the various sectors

The largest indirect tax solution since the year of independence, GST (Goods &Service Tax) law requires bringing an economic change in the Indian economy. GST will help to streamline and consolidate the method of indirect taxation and will make it more efficient and simpler than before. The players of the Tax will pay the consolidated tax in spite of the ... Read More »

GST and its benefits and impact on the various sectors

The largest indirect tax solution since the year of independence, GST law requires bringing an economic change in the Indian economy. GST will help to streamline and consolidate the method of indirect taxation and will make it more efficient and simpler than before. The players of the Tax will pay the consolidated tax in spite of the several taxes such ... Read More »

GST filing and compliance at your fingertips with JioGST

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P2P Investment Vs. Traditional Banking

There is a new buzzword in the financial market these days: Peer to Peer lending (or P2P Lending for short). So what is P2P lending exactly?   What is P2P Lending? And what are its Advantages? Well according to Wikipedia definition: “P2P lending is the practice of lending money to individuals and businesses through online portal that match lenders with ... Read More »

SVC Bank announces Net Profit of Rs 125 crore, retail advances surge by 29.82% to Rs 975 crore in FY 2016-17

Bank’s new differentiated digital approach to focus on digital inclusion with a human touch Financial highlights: Retail advances surged to Rs 975 crore from last year’s Rs 751.41 crore, up by 29.82%. Total advances, including wholesale and retail up by 4.72% to Rs 9273.4 crore versus last year’s Rs 8854.77crore. Current and savings account (CASA) deposits rose significantly to Rs ... Read More »

Kanpur railway junction to be auctioned for Rs.200 crores and Allahabad for Rs. 150 crores

Government plans to auction country’s most prominent railway stations as part of its public private partnership projects that involves redeveloping these stations. An online auction will take place on June 28 in which Kanpur and Allahabad junctions will go under hammer.  Interested companies can log on to railway website and bid for the junction. In website, Kanpur junction has been ... Read More »

Operation Clean Money portal

In an endeavor to fight corruption and black money, Union Finance Minister Arun Jaitley launched portal of Operation Clean Money here today. The launch took place in presence of senior officers of the Ministry of Finance, Department of Revenue and the Central Board of Direct Taxes. The Operation Clean Money was initiated by the Income Tax Department (ITD) on the 31st ... Read More »

Tamilnadu Bus strike

Chennai, May 16,2017: Commuters left stranded across the state on Day 1 due to the infinite strike called by the labor unions including the DMK-affiliated LPF, CITU, AITUC and HMS. These unions began their indefinite strike yesterday demanding wage revision, among other issues. The strike burst out after the third round of discussions between the officials of the Transport Department, ... Read More »

Slow funding options hold back the growth of SME sector

Small and Medium Enterprises (SMEs) are the growth drivers of socio-economic development in the country. There are nearly 51 million small businesses in India that make up for 45% of the country’s manufacturing output and roughly 9% to the country’s GDP. However, a major constraint in the growth of SME sector has been lack of easy funding options. Non-availability of ... Read More »

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