Gyan Sangam News

Bankers press for differentiated lending to ensure that banks can focus on their strengths, be it in regional advantage or understanding of a particular sector

PM Narendra Modi urged tax officers to design a GST registration system for traders with less than Rs20 lakh of sales a year, who might want to avail of the benefits of the new tax system

Prime Minister Narendra Modi asked tax officials to use data analytics to track undeclared wealth and fix clear targets for improving tax administration by 2022

A website will be launched to monitor the efforts made by the taxmen to increase the popularity of the income declaration scheme and the direct tax dispute resolution scheme

Narendra Modi asks the tax officers to focus on 5 pillars of administrationrevenue, accountability, probity, information and digitisation, or RAPID

R. Gandhi says although India is 7th largest global economy in terms of GDP, there is no Indian bank in the list of 70 large banks in terms of asset size

Even a road map is unlikely to be laid out by the next quarter, disappointing many who expected a defined, clear course of reform

Arun Jaitley also says most Indian banks favour consolidation

Speaking on the first day of Gyan Sangam, the annual retreat of bankers, Sinha said the total stressed assets among banks amounted to `8 trillion

Gyan Sangam, the annual bankers' conclave, comes at a time when NPAs in the banking system have zoomed, pushing many banks to report losses in their quarterly results