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Financial Awareness

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Financial Awareness

BANKING AND FINANCIAL AWARENESS – 19.9.16

Rich Indians worry as ‘dollar’ visa set to end United States of America’s EB-5 Programme, labelled in a lighter vein as the ‘Green Card for greenback’ scheme, has been attracting oodles of eyeballs  including from India of late. Many high net worth individuals the world over, including in India, are worried as the controversial immigrant

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Financial Awareness

BANKING AND FINANCIAL AWARENESS-18.9.16

SBI diktat to affect credit to small, medium-sized firms Directive of the State Bank of India (SBI) to all associate banks that any credit proposal for above Rs.10 crore has to receive an approval of the Mumbai office. SBI is likely to impact flow of funds to Micro, Small and Medium Enterprises (MSMEs). Sent as

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Financial Awareness

BANKING AND FINANCIAL AWARENESS – 16.9.16

Exports shrink 0.3% on weak global demand The country’s merchandise exports in August shrank 0.3 percent year-on-year to $21.5 billion due to weak global demand and a fall in exports of petroleum product. Moved slightly to the positive territory in June with marginal 0.92 per cent growth because of a low base. However, it quickly

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Financial Awareness

BANKING AND FINANCIAL AWARENESS – 17.9.16

GOVT WORKING OVERTIME ON GST: CABINET SECRETARY P.K. SINHA Terming GST reform as a “game changer”, Cabinet Secretary P.K.Sinha today said the government is working “overtime” to implement the indirect tax regime from April 1 next year. Constitution (122nd Amendment) Bill, 2016, for introduction of the GST in the country was accorded assent by the

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Bank Exams

BANKING AND FINANCIAL AWARENESS – 15.9.16

Rupee falls on report of ministry’s call for weaker currency; finance ministry denies Indian rupee fell below 67 to the dollar on Thursday. Commerce ministry will propose a devaluation in the unit to the government to promote dwindling exports. Finance ministry denied that the government was discussing a possible devaluation of the rupee, whose floating

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Bank Exams

BANKING AND FINANCIAL AWARENESS – 14.9.16

Petroleum products to enter under GST regime to fuel big gains Petroleum products, including crude and some intermediate products, could be taxed under the proposed goods and services tax (GST). A move that will reduce the imperfections in the new levy and also narrow the inflationary impact of the tax. A proposal favouring imposition of

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Bank Exams

BANKING AND FINANCIAL AWARENESS – 13.09.16

Arundhati Bhattacharya, Chanda Kochhar among most powerful women outside US  SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based outside the US, according to a list by Fortune which is topped by Banco Santander’s boss Ana Botn Bhattacharya, 60, is ranked second

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Bank Exams

BANKING AND FINANCIAL AWARENESS – 12/09/2016

Cabinet Approves Creation Of GST Council Cabinet on Monday approved setting up of the GST Council GST Council will consist of Union Finance Minister, Minister of State in charge of Revenue Department and state finance ministers Government’s official spokesperson tweeted after the Cabinet meeting headed by PM.  Cabinet “approved setting up of GST Council and

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Financial Awareness

Banking, Financial Awareness & General Awareness- 10/09/2016

Meghalaya house ratifies GST bill SHILLONG: The Meghalaya assembly unanimously ratified the Goods and Services Tax(GST) bill on Friday and became the 21st state to do so. Meghalaya is the third Congress-ruled state after Himachal Pradesh and Arunachal Pradesh to ratify the GST bill.The bill was passed without any discussion on the first day of the

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Bank Exams

Banking and Financial Awareness – 09/09/2016

• Rules may be eased for banks and NBFCs under GST: The government may look at relaxing some rules in the Goods and Services Tax (GST) framework that could make life a little easier for banks, NBFCs and insurance companies, people in the know said. In the revised model law set to be released in

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