APN News

  • Monday, August, 2019| Today's Market | Current Time: 10:12:04
  • RBI launches CMS for filing online complaints against banks, NBFCs

    The Reserve Bank of India has launched an application on its website for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances. RBI Governor Shaktikanta Das launched the Complaint Management System (CMS) is a software application yesterday. Speaking at the launch, the RBI Governor said that […]

    RBI Deputy Governor Viral Acharya resigns

    RBI Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term. He was in-charge of the monetary policy department. Acharya, a New York University Economics Professor, was appointed for three years. He had joined the central bank in January, 2017. RBI is now left with three Deputy Governors NS Vishwanathan, […]

    Introduction of manual checks in IGST refunds aimed to prevent unscrupulous exporters from defrauding exchequer: CBIC

    The Centre has assured all genuine exporters that they would continue to get their Integrated Goods and Service Tax (IGST) refunds in a timely manner in a fully automated environment. The Central Board of Indirect Taxes and Customs (CBIC) said, introduction of manual checks in IGST refunds is aimed at preventing unscrupulous exporters from defrauding […]

    Exports up 3.93% in May; trade deficit widens to 15.36 bn dollars

    India’s exports grew by 3.93 per cent to around 30 billion dollars in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering. According to Commerce Ministry data, the imports have also rose by 4.31 per cent to 45.35 billion dollars. The trade deficit has widened to 15.36 billion dollars in […]

    GST council to introduce new GST return system

    The GST Council has decided to introduce a new GST return system to facilitate taxpayers. An official release today said, a plan has been worked out to ease the transition to the new return system. As per the plan, a prototype of the offline tool has already been shared on the common portal to give […]

    RBI constitutes committee to review ATM pricing

    The Reserve Bank of India has constituted a six-member committee to review the entire gamut of ATM charges and fees. In a press release, the RBI said, Chief Executive of Indian Banks’ Association VG Kannan will chair the committee consisting of senior officers from National Payments Corporation of India, SBI, HDFC Bank, Confederation of ATM […]

    Piyush Goyal stresses on reciprocal market access for Indian products

    Minister of Commerce and Industry Piyush Goyal has called for de-escalating trade tensions and reviving confidence in the multilateral trading system. The Minister held a series of bilateral talks on the sidelines of the two days G20 Ministerial on Trade and Digital Economy in Tsukuba,  Japan which began on the 8th of this month. During […]

    Intensifying trade tensions pose risk for global economy: World’s top financial policymakers

    The world’s top financial policymakers today admitted that intensifying trade tensions pose a risk for the global economy. The statement came after a meeting of Trade and Economy Ministers of G20 nations that laid bare differences between the United States and other nations. Following 30 hours of wrangling the G20 finance minister and central bank […]

    India pitches for promoting MSMEs in developing countries

    India today pitched for promoting micro, small and medium enterprises, MSMEs in developing countries as they are important for employment and income generation. This was emphasised by Commerce and Industry Minister Piyush Goyal at a session on ”Promotion of Trade and Investment that contribute to Sustainable and Inclusive Growth’ at G20 nations meet in Japanese […]

    Forex reserves increase by 1.8 billion to 421.8 billion

    The country’s foreign exchange reserves increased by USD 1.875 billion to USD 421.867 billion in the week ending May 31. Reserve Bank weekly data released yesterday showed that foreign currency assets, which is a major component of the overall reserves, rose by USD 1.946 billion to USD 394.134 billion. According to the RBI data, after […]