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PSU stake divestment to aid wealth creation

DNMUM390888 | 6/20/2017 | Author : G Chokkalingam | WC :445


It is reported that the government is planning auction route to divest the stake in one of the mid-sized public sector undertakings (PSUs) engaged in the dredging business. Auction route would bring out the true potential in the value of PSUs by promoting healthy competition among the entrepreneurs. It is also for the first time after a couple of decades the government has proposed to go for strategic stake sale in several mid-sized PSUs like BEML, Dredging Corporation, Shipping Corporation of India, etc.
The non-tax revenue of the government is likely to grow at slower pace in the current fiscal due to the fall in revenues from the telecom sector. The Department of Telecom expects its revenue to decline by as much as 38% to Rs
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Here is how mutual fund investors can save on tax
DNMUM401516 | 11/24/2017 12:00:00 AM | Author : Saravana Kumar | WC :496

In mutual funds, investing in stocks or bonds where fund managers earn capital gains, dividends and interest income, helps in saving income tax. Profit earned in the fund is either distributed as dividend to investors, who opt for it, or else become
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Six mobile cos planning to pre-install BHIM app
DNMUM401517 | 11/24/2017 12:00:00 AM | Author : Mansi Taneja | WC :368

New Delhi: Six mobile manufacturers are planning to pre-install government’s application BHIM (Bharat Interface for Money) on their mobile phones, a part of government’s plan to drive adoption of digital payment services.
The amount of transactio
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Stuck in a shopping mall with no cash? SBI’s Yono can help
DNMUM401518 | 11/24/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :378

Mumbai: State Bank of India (SBI) is launching a comprehensive lifestyle and financial services platform called Yono (you only need one).
If you run out of cash while shopping, the app enables you to avail a pre-approved personal loan without an
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Promoters in shock as govt shuts them out
DNMUM401519 | 11/24/2017 12:00:00 AM | Author : Edit | WC :185

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, which received president’s nod on Thursday, has literally shut out many promoters who are trying to win over their debt-ridden companies that are currently at the National Company Law Tribun
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