Securitisation volume plunges 85% in Q1 FY21: Crisil
SME Times News Bureau | 13 Jul, 2020
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| Securitisation volume plunged 85 per cent to Rs 6,200 crore in the first quarter of financial year 2020-2021, because of slow collections following the lockdown and the loan moratorium offered by lenders, a Crisil report said on Monday.
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AIIEA against halting merger of 3 non-life insurers
SME Times News Bureau | 13 Jul, 2020
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| The All India Employees' Association (AIIEA), one of the major unions in the non-life insurance sector, has urged Finance Minister Nirmala Sitharaman that the merger process of three public sector general insurance companies (PSGICs) be continued.. |
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CBDT provides utility for TDS rates on cash withdrawals
SME Times News Bureau | 13 Jul, 2020
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| The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.. |
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Petrol, diesel futures trading to start soon on exchanges
SME Times News Bureau | 11 Jul, 2020
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| Market regulator Securities and Exchange Board of India (SEBI) may soon allow futures trading in auto fuels petrol and fiscal giving an opportunity to bulk consumers of these petroleum products to hedge their risks from a volatile market where there is a sudden spurt in prices.. |
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