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RBI Asks CICs to Provide Free Full Credit Report

New Delhi (ABC Live):  Free Full Credit Report : Reserve Bank of India (RBI) has directed that with effect from January 1, 2017, all Credit Information Companies (CICs) shall provide, upon request and after due authentication of the requester, a Free Full Credit Report (FFCR) containing all the details that figure in a full credit report that is accessed by ... Read More »

DMIC-PITF Trust Turns NICDIT with Upgraded Mandate

New Delhi (ABC Live): NICDIT : The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the expansion of the mandate of Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF Trust) and its re-designation as National Industrial Corridor Development & Implementation Trust (NICDIT) for integrated development of Industrial Corridors with permission to utilize financial assistance already sanctioned and ... Read More »

Indian Banks Non-Performing Assets Reaches Rs 6,30,323 Crore

New Delhi (ABC Live): Indian Banks Non-Performing Assets : The details of Total Advances and Gross Non-Performing Assets (GNPA) including the Number of accounts and Amount Involved of Public Sector Banks (PSBs) as on September 30, 2016 are as under. (Rs. in Crore) Name of the Bank   TOTAL ADVANCES GROSS NPA No. of Accounts Amount No. of NPA Accounts ... Read More »

India Share in World Trade Shows No Progress

New Delhi (ABC Live): India Share in World Trade: India share in world trade remained same for last five years. India’s performance in World trade based on the WTO database which provides the data calendar year-wise is given as follows: India’s Trade Performance: Percentage Share in World Trade Years India’s Share in World Merchandise Exports India’s Share in World Commercial ... Read More »

Airtel Payments Bank Commences Its Working

Mumbai (ABC Live): Airtel Payments Bank : Airtel Payments Bank Limited has commenced its operations as a payments bank with effect from November 23, 2016. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Airtel M Commerce Services Limited ... Read More »

AT&T All Set to Acquire Time Warner

New York (ABC Live): Telecom giant AT&T has announced that they will be buying Time Warner for nearly $86bn. However the deal which will be one of the biggest deals this year still needs approval from regulators. AT&T’s chairman in his statement described the deal as “a perfect match” , however we think this deal will result in too much ... Read More »

UNCITRAL Upgrades International Trade Law Regimes

New Delhi (ABC Live): UNCITRAL : During its forty-ninth session, the United Nations Commission on International Trade Law (UNCITRAL) had made great strides in its programme of work, including the finalization and adoption of three texts on secured transactions, arbitration and online dispute resolution, the Chair of the forty-ninth session told the Sixth Committee (Legal), as they took up that ... Read More »

SEBI Reissues Norms for Commodity Derivatives Exchanges

Mumbai (ABC Live):  National Commodity Derivatives Exchanges : The Securities Exchange Board of India(SEBI) has reissued the norms for National Commodity Derivatives Exchanges, As per Section 131 [B] of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward Markets Commission (FMC) or the Central Government applicable to recognised associations under ... Read More »

India Approves Concessions for Asia Pacific Trade Agreement

New Delhi (ABC Live): Concessions APTA : The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly the Bangkok Agreement) is an initiative under ... Read More »

Goods and Services Tax Council Comes into Existence

New Delhi (ABC Live): Goods and Services Tax Council : The Constitution (One Hundred and Twenty-second Amendment) Bill, 2016, for introduction of Goods and Services Tax (GST) in the country was accorded assent by the President on 8th September, 2016, and the same has been notified as the Constitution (One Hundred and First Amendment) Act, 2016. As per Article 279A ... Read More »