The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step. The objective, Dilasha Seth and Archis Mohan find, is to convey to the masses, through every intermediary possible, that the GST is consumer-friendly. 'India lost 12 lakh cr due to BJP's opposition to GST' IMAGE: Finance Minister Arun Jaitley, centre, arrives at a GST seminar in Gujarat. Along with training, the government is advertising ... Rediff.com, 4 days ago
‘The major success behind our robust recovery performance has come from our war room.’ ‘It is a small set of six-seven people that monitor (NPA) accounts. They help branches and zones on how to crack an account and follow up.’ ‘It is relentless.’ Illustration: Uttam Ghosh/Rediff.com Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned ...Rediff.com, 1 week ago
'States should have enough time. We still do not know the rules. There are a lot of operational difficulties.' Implementation of goods and services tax (GST) is expected to start from July 1 but Jammu and Kashmir Finance Minister Haseeb Drabu wants a two-month delay. In an interview he tells Dilasha Seth that states should get at least six months to prepare for the move. On Monday, Finance Minister Arun Jaitley tabled four crucial supporting bills that will enable GST to be rolled out on July ...Rediff.com, 1 month ago
'Aadhaar Pay makes cashless transactions possible even for those who do not have mobile phones. Only the merchant needs a smartphone.' 'The most important thing that has happened on account of technology is that a bank’s cost to acquire a merchant has come down significantly.' IMAGE: "Instead of the hardware and POS (point of sale) machine, the only expense we need to make is on providing a biometric dongle to merchants to capture fingerprints," says Rajiv Lall, CEO, IDFC, of ...Rediff.com, 1 month ago
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