Tuesday, September 23, 2014

Indian banks among the most expensive stocks in the Asian region
                                                
 How is it that the worst industry is getting a valuation that their better-run peers in other nations are not being given by investors?
Indian banks, especially the state-run ones, are among the most riled enterprises in the country for their perceived inefficiency, huge bad loans, and less-than-professional approach to business. Still, Indian banks are among the most expensive stocks in the Asian region, shows a Credit Suisse note.

How is it that the worst industry is getting a valuation that their better-run peers in other nations are not being given by investors?

Probably, it is an indication that things a ..
Probably, it is an indication that things are on the mend for Indian banks, which have piled up doubtful loans of nearly 10% of their total loans. Many have been factoring in bankruptcy valuations for some of the lenders. Now, they are dancing.

But there is a clear distinction — private and staterun — with the former receiving a premium. They will participate in the economic rebound with loans as well as raise fee income with their capital market businesses. They are well capitalised  ..
:
Indian banks among the most expensive stocks in the Asian region


ANAND MAURYA
PGDM-3SEM
Indian banks, especially the state-run ones, are among the most riled enterprises in the country for their perceived inefficiency, huge bad loans, and less-than-professional approach to business. Still, Indian banks are among the most expensive stocks in the Asian region, shows a Credit Suisse note.

How is it that the worst industry is getting a valuation that their better-run peers in other nations are not being given by investors?

Probably, it is an indication that things a ..

Indian banks, especially the state-run ones, are among the most riled enterprises in the country for their perceived inefficiency, huge bad loans, and less-than-professional approach to business. Still, Indian banks are among the most expensive stocks in the Asian region, shows a Credit Suisse note.

How is it that the worst industry is getting a valuation that their better-run peers in other nations are not being given by investors?

Probably, it is an indication that things a ..

Income Tax department launches enhanced, 'single window' website for taxpayers



NEW DELHI: A revamped online portal of the Income Tax department was launched today which will enable taxpayers to file returns or apply for a PAN card through a 'single window' format.

Taxpayers so far had to go to different official websites of the I-T department for these matters.
"An updated version of the website -- www.incometaxindia.gov.in -- will act as the 'single window' for all activities and online services offered by the I-T department.
"An updated version of the website -- www.incometaxindia.gov.in -- will act as the 'single window' for all activities and online services offered by the I-T department.

"Finance Minister Arun Jaitley was supposed to inaugurate it but due to medical compulsions he could not do so," said a senior I-T official.

As the website is an important tool for taxpayers, the department launched it today without any delay, the officer added.

The new version of the website has been made more user- friendly and robust and can handle a larger number of visits at a time, the officer said, adding that all the links to PAN card data and e-filing have been centralized on this portal.
"The new website has enhanced features and taxpayers will be able to file their I-T returns online and even apply for a PAN on this portal. (These aspects) were till now hosted on a different official web address of the department," the officer said.
Apart from I-T rules and laws, the website also has 106 other Acts under the IPC and CrPC for ready reference.
Separate icons have been provided on the improved portal providing the locations of various I-T offices in the country, including that of the important office of the 'Ombudsman'.
The website will also allow taxpayers to get information about various notices and circulars which are issued from time to time along with other regular developments in the department.
The Central Board of Direct Taxes (CBDT) had envisaged such a website in its ambitious 'Vision 2020' document prepared a few years back and the new website is a culmination of efforts to give better services to taxpayers, the officer said.
By
Shah Mohammad Abdul Qadir
PGDM 3rd SEMESTER
IIMT college of Management
Greater Noida, U.P.