Deccan Herald : Business (9)

Encumbrance certificates online from next week

Property buyers can download digitally-signed encumbrance certificates as the Department of Stamps and Registration, after a long delay, will launch the facility in about a week's time.The initiative is part of the Sulabha Nondani software, which was announced to make property-related transactions ...

Tax evasion through stocks:Sebi revokes ban on 114 entities

Markets regulator Sebi has revoked trading ban imposed on 114 entities, which had come under the scanner for alleged manipulation and misuse of stock market platform for tax evasion, saying it did not find any adverse evidence against them.This comes after Sebi, earlier this month, had revoked ban ...

Economic slowdown is real, not just technical: SBI Research

Noting that the economy has been on a downslide since September 2016, SBI Research today said the slowdown is real and not technical and called for more public spending to arrest the slide."We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been ...

Google launches digital payments service in India

Alphabet Incs Google on Monday launched a localised payments app for India as it tries to gain a foothold in the countrys rapidly-growing digital payments space.Indias crowded digital payments market, expected to grow ten-fold to $500 billion by 2020, received a shot in the arm after Prime ...

Need tax uniformity on petroleum products, says Pradhan

Oil Minister Dharmendra Pradhan said he has requested the Ministry of Finance to bring petroleum products under the ambit of Goods and Services Tax in the interest of consumers.Justifying the move, he said there has to be a "uniform tax mechanism" all over the country."This is the proposal of the ...

India exempts import duty on goods for FIFA U-17 World Cup

The government has exempted from import duty sports items and a wide range of goods for the upcoming FIFA U-17 World Cup India, which will see 24 nations vying for the coveted trophy.The first FIFA event to be held in India will be spread over six cities starting October 6 and have 52 matches. The ...

SBI hopeful of controlling fresh slippages: MD

Countrys largest lender State Bank of India , reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages "Going forward, fresh slippages will be under control. Specifically from September onwards, things will become better," MD of ...

Rise in inflation likely to keep RBI on hold: Morgan Stanley

The Reserve Bank is likely to hold the key rate in the monetary policy review next month following a jump in inflation and is expected to focus more on resolving the problem of bad loans in the banking system, says a Morgan Stanley report. There was an uptick in headline inflation in August driven ...

Shell cos clampdown: Sebi for forensic audit of 3 firms

Markets regulator Sebi has ordered forensic audit of three firms -- Trinity Tradelink, Info-Drive Software and Edynamics Solutions -- which figure among 331 suspected shell companies that are under its scanner. These are in addition to Sebi ordering forensic of four other such firms -- IRIS ...