Thursday , 24 October 2019
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B & C

SEBI cracks the whip on credit rating agencies

By Shivanand Pandit Recently the Securities and Exchange Board of India (SEBI) announced guidelines for enhanced disclosures by credit rating agencies. The new disclosure norms are tighter and aimed at foretelling default much before it blows into a mega crisis. SEBI’s notified rules included the probability of default benchmarks in a bid to strengthen the revelations made by credit rating …

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Difficult to be an entrepreneur in India

By DM Deshpande Founder promoter of CCD (Cafe Coffee Day) VG Siddharta probably took his own life. He went missing first and then his body was recovered from a river near Mangaluru. A letter purportedly written by him and addressed to Board of Directors has been doing rounds in the media. The authenticity of it has to be established. But …

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Tax rates on electric vehicles slashed to 5%

In a big boost to electric vehicles, the Goods and Services Tax (GST) Council on Saturday decided to slash the duty on all electric vehicles from 12 per cent to 5 per cent as also on electric chargers for vehicles from 18 per cent to 5 per cent. Further, GST has been exempted for hiring of electric buses by local …

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Get ready for bungee jumping in Goa

If you have been daydreaming about doing the bungee jump here some great news. Jumpin Heights, the Bungy People, are all set to bring their expertise to the state with a 55 meters jump over the Mayem lake. The project is supported by the GTDC.  Ex- captain Rahul Nigam, managing director and owner of Jumpin Heights introduced the truly international …

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Credit card for small traders and entrepreneurs

Now even small traders and entrepreneurs have the option of credit cards with HDFC Bank and the Common Service Centre (CSC) SPV, launching the Small Business MoneyBack Credit Card. The one-of-a-kind credit card is specially designed for CSC’s village level entrepreneurs and small customers. It is expected to empower users by giving them easy access to credit for their day-to-day …

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Banks responsibility to track and detect fraudulent withdrawals, says Consumer Forum

By Adv. Jatin Ramaiya The Consumer Disputes Redressal Forum, presided by S Vales held Indian Overseas Bank (IOB)   duty bound to track and detect a fraudulent transfer. In a complaint filed by Gajanan Porob, Aldona, against IOB and Dena Bank, Porob said that on January 30 2016 he a received call from the bank manager inquiring as to why he …

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Time to smell the coffee

Coffee lovers in Goa can now get a taste of freshly roasted and ground coffee. They can also view the roasting process with Caravela Café and Bistro, launching Latin Quarter, a new coffee brand recently. Brothers Carlos and Cyrus Noronha who manage the café have also installed a state-of-the-art coffee roaster on the premises where one can see the roasting …

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Why Choose ULIP?

By Tensing Rodrigues If you have to buy an endowment plan to insure your saving and investment plan, then it has to be ULIP. Let us see in what way it is superior to a traditional EP. A ULIP differs from a traditional EP on three basic counts. The most obvious difference is the fact that while a conventional endowment …

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Rice exports to hit seven-year low

India’s rice exports are likely to fall to their lowest level in seven years due to weak demand from African countries. Lower shipments will help rivals such as Vietnam and Myanmar in raising their exports. It could also force the government to increase purchases from farmers as it struggles to liquidate last year’s stocks. “Inventories have been piled up in …

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Job quotas do not address basic issues

By DM Deshpande The Chief Minister of Andhra Pradesh recently announced a 75 per cent job reservation for locals. On the one hand, GST is all about one India and one market for all goods and services and on the other we have several states trying to subjugate this process for selfish and short term political gains.  Job quota is …

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