Economy and Finance

PMC Bank had total lendings at around 8300 crores and exposure to HDIL alone is reportedly at 31%.

The Reserve Bank of India had earlier enforced regulatory restrictions on the PMC bank limiting its customers from withdrawing not more than Rs 1000.

The Reserve Bank of India on Tuesday imposed restrictions on PMC Bank (Punjab and Maharashtra Cooperative Bank), a Mumbai based urban cooperative bank

The government is looking to offload up to 20 million shares in IRCTC, following that the government's stake in IRCTC will come down by 12.5 per cent and expected to make Rs.500-600 crore.

Punjab and Maharashtra Cooperative Bank account holders can't withdraw more than ₹1000

Federation of Indian Mining Industries (FIMI) stated that some SC judgments have led to job loss of 23 lakh people, both direct and indirect, in the mining sector, excluding petroleum and natural gas

1- 22 per cent of Corporate Tax Rate because it is the optimal tax rate implies that revenue maximization is the key driver of taxation policy going forward.

With the tax cuts announced yesterday by Modi government, India’s corporate tax rate on manufacturers is now among the lowest in the world, comparable or even lower than business paradise destinations like Hong Kong or Singapore.

So confounded are the Congress leaders by this decision that they decided to stage a protest outside residence of Nirmala Sitharaman while she is away for an important meeting of GST council in Goa.

The Sensex and Nifty saw a historic biggest gain in a single day in a decade following the announcement made by FM Nirmala Sitharaman