Aditya Birla Sun Life Tax Relief 96 Direct-Growt..
HDFC Mid-Cap Opportunities Direct Plan-Growth
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Kotak Standard Multicap Fund Regular-Growth
Mirae Asset Large Cap Fund Regular- Growth
Giving credit for this recovery to the financial management and discipline as well as directives of Chief Minister Yogi Adityanath, he said that despite the challenge posed by coronavirus pandemic which has had an adverse impact on all financial activities, the state has managed to pay the salaries and pension to its staff in time without delay.
NEDFi added that the new Interest Rate Structure will be called External Benchmark Rate (EBR) and henceforth, all new loans above Rs.100 lakh sanctioned by the Corporation will be linked to EBR. Presently the EBR, linked with SBI’s 1-year MCLR is 7% and a spread of 0 to 6% shall be charged over and above the EBR depending on the credit rating as well as other viability parameters of the project.
The fund is expected to catalyse the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres and processing units
"The collection of the gross GST (Central GST, State GST, Integrated GST and cess) from centrally-administered assessees in West Bengal stood at Rs 1,212.44 crore in July, while the indirect tax revenues in April and May this year were at Rs 345 crore and Rs 745 crore respectively," the official said.
The facility to the NHB is to shield the housing sector from liquidity disruptions and augment the flow of finance to the sector through housing finance companies, RBI governor Shaktikanta Das said in a statement. While the funds to Nabard will help ameliorate the stress being faced by smaller NBFCs and microfinance institutions in obtaining access to liquidity
"Following an extensive executive search that considered internal and external candidates, its board of directors has appointed Hardayal Prasad as Managing Director and Chief Executive Officer of PNB Housing Finance Ltd," it said in a release. Prasad will assume the charge on August 10, the bank said.
After months of debate, Governor Das unveiled one that rested on the Prudential Framework for Resolution of Stressed Assets issued in June 2019, a palatable formula born out of a legal tussle between bankrupt borrowers and a regulator entrusted with safeguarding the common man’s nest egg.
The level of scrutiny has reduced to 0.25% of all returns filed in 2018-19, versus 0.71% in 2015-16, according to details issued by the finance ministry. The scrutiny rate is the lowest in the past four assessment years. In 2016-17, 0.40% of returns filed were scrutinized while in 2017-18, 0.55% of the cases were taken up for scrutiny.
The gold monetisation scheme was launched in 2015 with the aim of turning unused gold lying idle in India’s households into a productive asset.
"During the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to COVID-19," the finance ministry said in a statement Saturday.
“States should not be made to bear the burden of borrowing, which in any case is likely to be higher than the rate at which the central government will be able to borrow,” Badal said in the letter dated July 3, a copy of which was seen by ET.
Generally, monetisation of debt means the central bank printing currency for the government to take care of any emergency spending and to bridge its fiscal deficit.
"Signs of the wheels of the economy beginning to churn are evident from the following facts: unemployment rates have tapered down from their peaks in May, e-toll collections are higher, as are e-way bills, digital transactions and GST collections which are back to the Rs 90,000 crore levels.
The report also said counterfeiters are having a free-run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.
India is the largest borrower, which accounts for 25 per cent of the total lending by Asian Infrastructure Investment Bank (AIIB) so far, the bank's vice president D J Pandian told in an interview.
Established in 2017, the India-UN Development Partnership Fund is a dedicated facility within the United Nations Fund for South-South Cooperation. It is supported and led by the Government of India, managed by the United Nations Office for South-South Cooperation, and implemented in collaboration with the United Nations system.
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