by OverviewFX | Nov 28, 2024 | Industry
India’s finance ministry is evaluating the relevance of windfall tax, a federal government source said on Thursday.Imposed in July 2022, the windfall tax is a special levy on domestic crude oil production, introduced after rising global crude prices, to capture...
by OverviewFX | Nov 27, 2024 | Industry
Declining CASA ratio (Current Account Savings Account) is getting all the way more challenging for banks as we go, rising credit-deposit (CD) ratio that rose to 75.8% in 2023 is just another problem, increasing funding costs and limiting liquidity. Meanwhile, gross...
by OverviewFX | Nov 27, 2024 | Industry
Mumbai, There has been a notable rise in investment in sustainability over the last one year with 91 per cent CXOs interviewed reporting an increase, indicating that climate action drives value creation and is central to the company’s overall business strategy,...
by OverviewFX | Nov 27, 2024 | Industry
“We expect pickup in government-led spending and easing of liquidity, which will start aiding growth from next quarter onwards. Last 18 months to 24 months, we have seen a lot of stock run up and sectors run up in Indian markets,” says Satish Kothari,...
by OverviewFX | Nov 27, 2024 | Industry
Mumbai, The government will be able to register the fiscal deficit at 4.75 per cent in FY25, 0.19 per cent lower than the budget aim, by reigning in expenditure, domestic rating agency India Ratings and Research said on Wednesday. The revenue expenditure, excluding...
by OverviewFX | Nov 27, 2024 | Industry
The government is working on an integrated platform for the insolvency ecosystem covering key stakeholders that will also help speed up resolution processes. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, aims to provide market-linked and...
