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Securitisation volume plunges 85% in Q1 FY21: Crisil
SME Times News Bureau | 13 Jul, 2020 |
| 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 |
| 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 |
| 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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