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Tag Archives: Finance

Three Vital Skills Finance Industry Professionals Now Need to Succeed

In recent years, there’s been a subtle change underway in the hiring practices of a wide variety of industries. Although the specifics of that change vary from industry to industry, they can be summed up in one way: a new emphasis on multifaceted employees. The major driver of the change is the rapid introduction of new technologies into every line ... Read More »

RBI governor Shaktikanta Das bats for permanent status to Finance Commission

Mumbai: While it is important to adhere to fiscal deficit targets, it is equally important to undertake robust expenditure planning to address the socio-economic challenges, RBI governor Shaktikanta Das said on at the launch of predecessor Y.V. Reddy’s new book on Tuesday.Indian Fiscal Federalism is co-authored by Y.V. Reddy and G.R. Reddy, adviser (finance) to the Government of Telangana. According to Das, ... Read More »

Fixed Deposit Interest Rates Offered By Small Finance Banks

Small finance banks often pay higher interest rates on deposits compared to commercial banks. Fixed deposit (FDs), also known as term deposits, are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks pay higher interest rates on fixed deposits compared to commercial banks. Small finance banks focus on financial ... Read More »

Google picks its Chicago office to house finance hub

CHICAGO — Google officials say the company has selected Chicago as its new finance division hub with plans to have the capacity to double its workforce in the city by the end of the year. The Chicago announcement Friday is part of Google’s national expansion plan . The California company said Wednesday that it plans to invest more than $13 billion this ... Read More »

Suryoday Small Finance Bank enters North India—-eyes IPO in Oct-Dec quarter next year

Suryoday Small Finance Bank, which went live in January 2017, plans to go public with an initial public offering (IPO) in October-December quarter next year, a top official said. This small finance bank, which is the first from Maharashtra to obtain SFB licence from RBI, may also look to raise capital to the tune of ₹ 175-Rs 200 crore this year to ... Read More »

Ministry of Finance paid suppliers more than once; 13,500 extra employees on master list

B.C.’s Ministry of Finance makes duplicate payments to suppliers and has 13,500 employees no longer on the payroll on the books because its tracking system is a mess, auditor general Carol Bellringer says. Those duplicates resulted in 138 payments totalling more than $649,000, spending the government said involved a now-corrected 73 per cent error rate. Bellringer’s office examined the master ... Read More »

Budget 2019: Finance Minister raises TDS threshold on bank fixed deposit interest to Rs 40000

Interim Finance Minister Piyush Goyal has given a big relief to lakhs of bank fixed deposit investors. Union Budget 2019 has proposed that the threshold for TDS on interest earned on bank fixed deposit to be raised to Rs 40000 as compared to Rs 10000 earlier. The earlier limit was set almost couple of decades ago and needed to be revised taking ... Read More »

Pioneering global framework for sustainable ocean finance launched at Our Ocean global summit

The world’s first global framework to finance a sustainable ocean economy was launched at the Our Ocean conference today. The Sustainable Blue Economy Finance Principles were developed by the European Commission, WWF, World Resources Institute (WRI), and the European Investment Bank (EIB). Started as a commitment by a dozen financial institutions and key stakeholders just a year ago, they are ... Read More »

How moms can take care of finance

If you have to choose between building your retirement nest and funding higher education, do the former first. Photo: Ramesh Pathania/Mint Here are tips from three experts on how mothers can manage personal finance well enough to secure the future of their children. Deepali Sen, founder, Srujan Financial Advisers LLP Raise money-conscious kids: As moms build the foundation for kids’ financial ... Read More »

Expect savings of 1-1.5% on finance cost: GMR Airports

GMR Hyderabad International Airport is set to raise Rs 2,276 crore via global bonds. In an interview to CNBC-TV18, Sidharath Kapur, President, GMR Airports discussed more about this. This is a bond issue which makes GMR the only group in India to tap the 10-year bond market in the same infrastructure class across assets, he said. USD 275 million from ... Read More »