Day: March 21, 2018

State Bank of India Signed MoU With IMGC

India’s largest lender State Bank of India SBI and India Mortgage Guarantee Corporation (IMGC) signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers. The offering will help increase home loan eligibility up to 15% within the regulatory norms. The MoU between SBI and IMGC is a strategic initiative which will enable to improve housing loan volumes in the non-salaried...

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Union Government Approves Plastic Park To Be Set Up In Deoghar, Jharkhand

Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Mr. Ananthkumar announced that the Government of India approved the setting up of a Plastic Park in Deoghar District, Jharkhand. The project would be set up at a cost of Rs. 120 crores in an area of 150 acres. Mr. Ananthkumar also announced the setting up of Rs. 3.5 crore Plastic Recycling unit at Deoghar to tackle the menace of plastic waste being generated due to the place being a tourist...

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India Signs Double Taxation Avoidance Treaty With Hong Kong

India and Hong Kong signed a double taxation avoidance agreement (DTAA) that seeks to improve transparency in tax matters and help curb tax evasion and avoidance. The agreement between India and the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China was signed by Indian Ambassador to China Gautam Bambawale and Hong Kong Finance Secretary Paul Chan Mo-Po in Hong...

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