Details have come to light about the astonishingly high amounts banks collected as fines from account holders for not maintaining a minimum balance. To put it mildly, this is shocking. Banks have no business to fleece their customers, especially savings bank account holders, for not maintaining minimum balances.
President Donald Trump must look beyond his paranoia of immigrants and ensure the continuance of the jobs of the highly skilled Indian technology professionals and their families in the US that are on H–1B visas. Over 750,000 professionals and 800,000 dependents that are on H-1B visas have contributed immensely to the American economy and its technology eco-system.
Policymakers should not look at spectrum sale only to rake up non-tax revenues or present a rosy balance sheet of the government finances. Managing macro-economic fundamentals may definitely be a Herculean task for finance minister Arun Jaitley when he rises to present the last full budget of this government on February 1.
As reported by this paper in its Monday edition, government has indicated to public sector banks that it should be focussed on their profitability of their loan book instead of chasing top line growth.
It’s not just the prolonged bull-run that’s being celebrated by investors in the market. As the New Year steps in, investors are going gaga over the market reforms ushered in by the regulator, Securities Exchange Board of India (Sebi), under chairman Ajay Tyagi who’s been also pro-active in cleansing the bourses of corrupt practices.
Borrowing is an unambiguous term conveying liability. Whether it takes place through government securities or treasury bills, it indubitably involves net liability to the exchequer.
The fluctuation in the number of new subscribers to the Employees’ Provident Fund Organisation (EPFO) over the last three years gives a significant insight into job creation in the organised sector. Variations notwithstanding, new members who came under the EPFO ambit totalled a massive 7.5 crore in the last three years.
Rampant corruption in the income tax department may be the single biggest reason for the low conviction of tax dodgers, evaders and fraudsters.
While the goods and services tax (GST) roll out itself has proved to be a challenge, a bigger hurdle awaits the government as it embarks on implementing the e-way bill early next year. Before the one-year term of GST implementation is over, the e-way bill would’ve been implemented across the country.
Why have WhatsApp groups suddenly become a threat to orderly growth and development of stock markets in India? Has technology become overbearing on our bourses? Are there remedial measures to rescue the markets from the menace of these virtually connected groups that use encrypted messages to manipulate the market?