Match moratorium interest rate with deposit’s for the period of freeze: Industry

photo

(This story originally appeared in on Sep 03, 2020) NEW DELHI: Finding that it would be difficult to get waiver of interest, or even interest on interest, on loans during the six month moratorium period, various industries on Wednesday requested the Supreme Court to direct the Centre and the RBI to substantially lower the rate … Read more

Towards an integrated system: Pandemic makes usage of digital technology the new normal at ONGC

photo

Synopsis ONGC plans to move all its human resources, finance and accounts, material management and infocom employees, currently scattered all over the country, to one location, Shanker said, adding that these functions are “better equipped for remote and teleworking” New Delhi: ONGC is working on “reinventing” itself by reorganising its people, functions and resources with … Read more

Opposition ruled states likely to reject Centre’s GST options

photo

New Delhi: A number of states, particularly opposition-ruled ones, are set to reject the two borrowing options proposed by the Centre to meet the deficit in the goods and services tax (GST) compensation fund. State finance ministers from opposition states will meet on Monday to finalise a joint strategy to approach the Centre again as … Read more