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Interest coverage ratio in FY23 is likely to deteriorate Bank of Baroda study

Interest coverage ratio in FY23 is likely to deteriorate Bank of Baroda study

MUMBAI, August 10 (IANS) – Corporate interest payments will increase going forward as interest rates are expected to rise in a tightening cycle in which the Reserve Bank of India (RBI) has proposed a rate hike of 140 basis points. Interest payments will also increase due to global financial conditions and inflationary pressures. Previously, the …

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Cabinet approves continuation of Housing for All Mission up to 2024

Cabinet approves continuation of Housing for All Mission up to 2024

NEW DELHI, August 10 (IANS) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the extension of the government’s flagship housing program Pradhan Mantri Awas Yojana-Urban (PMAY-U) until 2024. The Cabinet approved the Department of Housing and Urban Affairs (MoHUA) proposal that financial support should be provided for the completion of the …

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I T dept finds tax evasion by mining sugar and liquor firm

I T dept finds tax evasion by mining sugar and liquor firm

People who hold senior positions in trading companies also hold political positions. The search conducted on July 14 covered several buildings in Madhya Pradesh and Mumbai. “The search found and confiscated a large amount of incriminating documentary and digital evidence. “Analysis of the seized evidence from the sand mining activity shows that the company is …

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UN trade body urges actions to curb cryptocurrencies in developing countries

UN trade body urges actions to curb cryptocurrencies in developing countries

UN, August 11 (IANS) – The United Nations Conference on Trade and Development (UNCTAD) has issued three policy reports calling for action to curb cryptocurrencies in developing countries. While private digital currencies have rewarded and facilitated some remittances, they are volatile financial assets that can also pose social risks and costs, the United Nations Trade …

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What are Mudra Loans

What are Mudra Loans?

A large number of micro, small, medium and large companies are located in India. More than ever, it is growing rapidly, which, if successful, can contribute greatly to the country’s economy. However, many of these get closed and get stuck due to paucity of funds. To be able to allow smooth flow of money with the help of …

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