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The same formula will be applicable in the case of dwellings under fire insurance, motor (comprehensive and third party) and lives under health and personal accident insurance.
With a lag in monetary transmission reflecting through slower deposit growth, public sector banks are being pushed to reach out to customers for shoring up deposits, said Financial Services Secretary Vivek Joshi, adding that the credit growth in the banking sector is likely to be 13.5-14.per cent in the financial year 2023-24 and is expected […]
International trade experts have pointed out that developed nations have been pushing for non-trade issues in the garb of sustainability to reverse the growing trade deficit that it has with the developing nations.
“RBI has shared a whitelist of 442 unique digital lending apps to MeitY, which has been shared with Google. Around 3,500 lending apps remain now after the review,” Joshi said.
On credit offtake, Khara said, “we are observing that credit growth has been very broad based. We are seeing a health trend and are quite hopeful it will continue going forward as well.”
As much as 97.50 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned, the release said, adding that these notes continue to remain legal tender.
In an interview, Malhotra said while the corporate tax cut in 2019 has resulted in about 57 per cent of the corporate tax mop up now coming from the reduced bracket, he is hopeful of a similar traction from the new personal income tax regime that was tweaked last year.
Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), said that the government will adopt a more “gradual” and “calibrated” disinvestment approach, with its major focus being “wealth creation”.
A relook at BITs comes at a time when India is pursuing economic integration with western nations such as the United Kingdom (UK) and the European Union through free trade agreements and investment treaties.