APN News

  • Thursday, June, 2019| Today's Market | Current Time: 01:52:30
  • RBI to observe financial literacy week from June 5-9

    The Reserve Bank of India will observe Financial Literacy Week across the country from 3rd to 7th of this month. The theme this year is – ‘Farmers and how they benefit by being a part of the formal banking system’. In a release, the apex bank said, posters and leaflets will be used to spread […]

    SC agrees to examine power of tax authorities to arrest individual for GST evasion

    The Supreme Court has today agreed to examine the powers of tax authorities to arrest an individual for Goods and Services Tax (GST) evasion. The vacation bench comprising Chief Justice Ranjan Gogoi and Justice Aniruddha Bose also issued a notice to the Centre and sought its reply on a batch of pleas challenging the provision […]

    RBI extends RTGS timings from 4:30 pm to 6 pm

    To facilitate high-value fund transfers, the Reserve Bank of India (RBI) has announced an extension of timings for customer transactions through Real Time Gross Settlement (RTGS) by one and half hours from 4:30 PM to 06 PM. In a notification, issued from Mumbai yesterday, RBI said that new timing will be effective from 1st June. […]

    CBDT extends compliance date of TDS for Odisha

    The Central Board of Direct Taxes, CBDT, has extended the compliance date of Tax Deduction at Source, TDS, for Odisha. This is to redress the hardships faced by the deductors following the severe disruption of normal life and breakdown of communication systems by the cyclone in the State. The deductors will now be able to file […]

    Domestic stocks register biggest single day gain in 10 years

    Registering a biggest single day gain in 10 years, domestic stocks markets surged after most exit polls showed that the ruling NDA government at the Centre is likely to return to power. So, the Sensex skyrocketed 1,422 points, or 3.8 percent, to close at a record high of 39,353. The Nifty surged 421 points, or 3.7 percent, […]

    Nilekani-led panel on digital payments submits report to RBI

    A Reserve Bank of India-appointed committee headed by Aadhaar architect Nandan Nilekani has submitted its suggestions on promoting digital payments to Governor Shaktikanta Das. In January, the RBI had set up the five-member panel on deepening digital payments with a view to encouraging digitisation of payments and enhance financial inclusion through digitisation. In a statement, […]

    Chanda Kochhar, Deepak Kochhar appear for 5th day before ED

    Enforcement Directorate is questioning former ICICI Bank CEO and MD Chanda Kochhar along with her husband Deepak Kochhar for the fifth consecutive day today in New Delhi. They are being questioned in connection with the ICICI-Videocon loan case. Last week,  the ED  had summoned Kochhar to record her statement after she failed to appear on […]

    Advisory Council of the 15th Finance Commission meet held today

    The third meeting of the Advisory Council of the 15th Finance Commission was held in New Delhi today. During the meeting, the Council Members were d by the Commission on the progress made in terms of State Visits by the Commission and consultations with the RBI, bankers and financial institutions. Besides, issues of Public Sector […]

    RBI releases vision document for e-payment system

    Reserve Bank of India has released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system. The move comes as the apex bank expects the number of digital transactions to increase more than four times to 8,707 crore in December 2021. According to RBI release on Wednesday the ‘Payment and Settlement […]

    MCX Crude Oil Options Register Record Turnover of Rs. 716 Crore which Coincides with its First Anniversary

    Mumbai : India’s first crude oil options launched by Multi Commodity Exchange of India Ltd (MCX) complete one year today with a record turnover of Rs. 716 crore on May 13, 2019. The contract continues to gain momentum and witness increased acceptance amongst various stakeholders. Remarkably, the average daily volume (ADV), average daily turnover (ADT) and average daily […]