Proposal: Increase the rate of surcharge on income exceeding Rs 1 crore to 15 per cent from 12 per cent.Impact: This will raise the maximum marginal rate of tax to 35.54 per cent from 34.61 per cent on the ‘super-rich.Proposal: Increase limit for tax rebate to Rs 5,000 from Rs 2,000 for resident individuals with a total income…
“The RBI has made some amendments to the treatment of certain balance sheet items for the purposes of determining banks’ regulatory capital. The review was carried out with a view to further aligning the definition of regulatory capital with the internationally adopted Basel III capital standards,” it said in a press release on 1st March…
On 25th Feb 2016 RBI has partially modified the Prudential Guidelines on Revitalising Stressed Assets.The excerpts of the Press Release are given below.On a review and based on feedback received from stakeholders, the Reserve Bank of India has partly modified and also clarified, some aspects of its Prudential Guidelines for Revitalising Stressed Assets in the…
Additional Reading Material for Module A and Module D Considering the growing significance of RRBs in pursuit of financial inclusion agenda, RBI decided to revise the priority sector guidelines for RRBs. Accordingly, the comprehensive revised guidelines on Priority Sector Lending – Targets and Classification for Regional Rural Banks were published by RBI. The revised guidelines will…
The Reserve Bank of India has addressed the liquidity issues of commercial banks by easing the regulations on the liquidity coverage ratio. On 11th Feb 2016 it allowed banks to qualify 10% of SLR bonds as Liquidity Coverage Ratio (LCR) from 7% earlier, a requirement mandated under the Basel-III accounting norms from their Statutory Liquidity Ratio…
Depreciation v/s Devaluation: Depreciation and Devaluation are two different economic terms that actually deals with the country’s currency value. Both currency depreciation and currency devaluation end up with a currency that is worth less than it previously was in comparison to the currencies of other countries. Depreciation Depreciation of the currency happens when the country…
Why Banking is a Growing Sector when Banks’ are having higher NPA?
For 5th Bi-Monthly Monetary Policy Statement, 2015-16, latest developments in Banking and Economy and Policy details and New Appointments Please refer link : https://yourcareerheights.com/?page_id=148 and https://yourcareerheights.com/?page_id=155.
Three reasons for concern about the Chinese economy Though big reason Chinese shares are sinking is that Beijing is trying to undo some of the measures it took to prop up stock prices after the Shanghai market collapsed in June. Those who are watching the developments in China have found the following three reasons behind decelerating…
Exchange Houses Role of Exchange Houses and Cards as Carrier of Foreign Currency