Month: July 2021

Another dose of stimulus needed to accelerate growth: Report

The magnitude of direct fiscal stimulus announced in June this year was limited and it should be supplemented with another dose of stimulus later in the year to boost the economy, audit and consulting firm EY India said in the latest edition of Economy Watch. The suggestion came close on the heels of the International …

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Indian spot gold rate and silver price on Friday, Jul 30, 2021

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹48080 from ₹48070. It was also higher than the previous week average of ₹47894.3 by 0.39%. Although the gold price in both global($1816.7) as well as Indian market( ₹48080) experienced a growth, the spot gold prices in …

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GST slab rationalisation on cards: CEA

The rationalization of the goods and services tax (GST) structure into three slabs by merging two existing slabs is on the cards, and progress should be seen soon, chief economic adviser (CEA) in the finance ministry Krishnamurthy Subramanian said on Thursday. “It’s something that is definitely going to happen. The three-rate structure is definitely important. …

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IBBI notifies heavy monetary fines for bankruptcy agents

India’s bankruptcy regulator has tightened the disciplinary framework for insolvency professionals, instituting hefty penalties for violations as they steer distressed businesses through the resolution process. Erring professionals will be fined up to 25% of the fee charged by them, an order from the Insolvency and Bankruptcy Board of India (IBBI) said. The penalties start from …

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HDFC Bank’s ‘Cardless Cash’ process: How to withdraw money without ATM card

If you are an HDFC Bank customer in need of cash but have forgotten your debit card at home, then worry not as the Mumbai-headquartered bank has laid out its “Cardless Cash Withdrawal” process. As the name suggests, one can obtain cash from an HDFC Bank ATM even when they are not carrying their debit …

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