Business

Goods and Services Tax– Would there be dual control?

Unique Times November 22, 2016 0

In the past couple of weeks, I have been interacting with a few trade associations on the impact of the Goods and Services Tax (GST). The question often raised is whether there would be dual control by both the central and state government in the GST era. Further, for traders currently dealing Continue Reading

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Business

SC advises govt to revamp banking system

Unique Times April 27, 2016 0

The Supreme Court of India on last day advised centre government to revamp the banking structure, citing a RTI report published in a national daily which revealed that at least 1.14 lakh crore rupee was written-off by the banks in last three year. Meanwhile, the court identified that the improper system has virtually helped the […]Continue Reading

News

United Bank of India at Risk of Violating Basel III

Unique Times February 12, 2014 0

After United Bank of India  (UBOLNS) posted a net loss and stated that the debts have increased, Fitch Ratings has stated that UBI was on the brink of becoming the first lender in the Asian region to have breach the minimal capital ratios which are mandated by Basel III norms. According to Fitch, when looking […]Continue Reading

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MID – QUARTER Monetary Policy Review September 2013

Unique Times October 23, 2013 0

RBI’s Mid –Quarter Monetary Policy came as surprise as it announced a hike in the repo rate by 25bps first time in the financial year. The hike was against the market expectation and was duly reflected in the market sentiments after that. The market expectation of rate reduction was because the Federal Reserve a day […]Continue Reading

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Securing Your Online Transactions

Unique Times September 23, 2013 0

“ Banking  is necessary but  Banks are not.”  These words from  Mr Bill Gates , Chairman Microsoft  is a true indication of the way in which banking  habits of people has transformed over the years. Technology has definitely changed the way people has been doing banking.  Gone are the days when you had to visit […]Continue Reading

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Home Loans Points to Ponder

Unique Times May 25, 2013 0

Shelter,  Food and Clothing are considered as the most basic needs of any individual.  Housing is thus considered as a national priority and has been given a lot of focus and incentives. In my last article I had mentioned about the additional incentive proposed by the Union Budget 2013  to a person taking a loan […]Continue Reading

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Are Benefits Under DTAA Being Withdrawn?

Unique Times March 12, 2013 0

In the last issue I had mentioned about investing in bank deposits for enjoying income tax exemption.  A few days later there was a mail in my inbox from one of the readers asking if I could explain the logic of charging a higher tax deduction at source on amount placed in NRO deposits with […]Continue Reading

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Releasing Value From Soiled and Mutilated Currency Notes.

Unique Times December 6, 2012 0

Even though I had purchased  an apartment and moved into it almost two years back , till recently  I had never given any serious thoughts of joining the local parish.  But  as my  kids had to attend the Sunday classes regularly,  I thought it would be better to join the near by parish.  For this […]Continue Reading

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Cheque Truncation System – Waning geographical limitations in cheque clearing operations .

Unique Times November 8, 2012 0

 Last week I received a call from one of my friends, who is  running a successful business  in Chennai.  Without any customary introduction  he started bombarding at me “ What do you think you bankers are up to?  Do you ever know the trouble of managing a business?  You keep on reminding us about our […]Continue Reading