APN News

  • Friday, October, 2019| Today's Market | Current Time: 10:56:39
  • RBI to announce bi-monthly monetary policy for current fiscal today

    Reserve Bank of India (RBI) will announce its fourth bi-monthly policy for the current fiscal today. There is widespread expectation that RBI’s Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das will slash benchmark interest rate to give a fillip to the economy. The RBI Governor has already hinted that the benign inflation provides room […]

    Reserve Bank cuts repo rate by 25 basis points

    On expected lines, the Reserve Bank of India (RBI) has today slashed the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.15 per cent from 5.40 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands reduced to 4.90 per cent, and the marginal standing […]

    India gets first tranche of Swiss bank account details

    India has received the first tranche of details about financial accounts of its residents in Swiss banks under a new automatic exchange of information framework between the two countries. It marks a significant milestone in the fight against black money suspected to be stashed abroad. A Federal Tax Administration (FTA) spokesperson said, India figures among […]

    GST collection stands at 91,916 in September

    Goods and Services Tax (GST) collection in the month of September has stood at  91,916 crore rupees as against 98,202 crore rupees in the preceding month. Out of which, CGST is 16,630 crore rupees, SGST is  22,598 crore and IGST is 45,069 crore rupees. The total number of GSTR 3B Returns filed for the month […]

    Trade apprentices to get minimum monthly stipend ranging from Rs 5000 to 9000

    Government has issued a notification regarding minimum stipend payable to trade apprentices. Addressing State Ministers’ Conference on Skill Development in New Delhi, Minister of Skill Development and Entrepreneurship Mahendra Nath Pandey said that minimum stipend will be on qualification based and range from five thousand to nine thousand rupees per month from now onwards. Dr […]

    RBI announces contests to promote innovations, ideas in payment

    Reserve Bank of India has announced two contests to promote innovations and ideas in the payment and settlement systems. Shortlisted participants will get an opportunity to present their ideas before a jury of eminent persons while outstanding innovators will be awarded prizes and citations. The contest will be organised through Institute for Development and Research […]

    RBI appoints Jai Bhagwan Bhoria as administrator for PMC Bank

    The Reserve Bank of India has superseded the Board of Punjab and Maharashtra Cooperative Bank Limited, Mumbai and appointed Jai Bhagwan Bhoria as the bank’s administrator with all powers of the board. According to an official release, the amount of withdrawal from the bank allowed to depositors has been increased from one thousand to ten […]

    Date for filing ITRs, Tax Audit Reports extended till October 31

    The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax returns (ITRs) & Tax Audit Reports from September 30th 2019 to 31st Oct 2019 in respect of persons whose accounts are required to be audited. The CBDT said that a formal notification for the same will be issued […]

    Forex reserves decline by USD 388 million to USD 428.57 billion

    India’s forex reserves declined by USD 388 million to USD 428.572 billion for the week ended September 20 due to a slide in core currency and gold assets. The Reserve Bank data released on Friday showed that in the week to September 20, foreign currency assets a major component of overall reserves declined by USD […]

    Essentials of Term Insurance

    It was a pretty lazy day, and Ankit was busy watching his favourite movie, having a cup of tea and mouth-watering breakfast. Sundays are meant to be relaxing. Aren’t they? No healthy food, no workout and even no bustling routine! It was nearly the climax of the movie, and suddenly Ankit’s phone rung. The news […]