Finance – Page 11 – Kerala Biz News

Highlights of the Union Budget 2016 – 2017

February 29, 2016February 29, 2016 Kerala Biz News

These are the major highlights of the Union Budget presented by Finance Minister, Shri Arun Jaitley in Parliament today, for the financial year 2016 – 2017. General provisions: 1. Foreign Exchange reserve at 350 Bn USD is the highest in 3 years. 2. Plan Expenditure increased instead of the normal practice of reducing it. 3. CPI inflation has come down to 5.4%. 4. Indian GDP has accelerated to 7.6% now. 5. FY 16 Current account deficit at 1.4% of the GDP.

Startups welcome Kerala Budget 2016-17, GTech condemns

February 13, 2016February 15, 2016 Kerala Biz News

Trivandrum: The Thiruvananthapuram based Kerala Startup Mission and Kochi based Startup Village, both organisations promoting start-ups in Kerala, have welcomed the government’s allocation of more than Rs. 200 crores in the 2016-17 Budget for various schemes aimed at strengthening the startup ecosystem, saying it is the biggest amount set aside to promote youth entrepreneurship in the State’s history.

Kerala Budget 2016-17 allocates Rs. 482.87 crores for IT & e-Governance

February 12, 2016February 15, 2016 Kerala Biz News

Trivandrum: Presenting the last budget of the present UDF Government, Chief Minister Shri Oommen Chandy has provided a total outlay of Rs. 482.87 crores for developing Information Technology and e-Governance in the State.

SBT appoints K T Ravindran as new Internal Ombudsman

January 30, 2016 Kerala Biz News

Trivandrum: State Bank of Travancore has announced the appointment of retired State Bank of India General Manager, K T Ravindran as the Chief Customer Service Officer (Internal Ombudsman). He will be based at SBT’s Head Office in Thiruvananthapuram.

Alice Vaidyan first lady to head General Insurance Corporation

January 26, 2016January 26, 2016 Kerala Biz News

Mumbai: General Insurance Corporation of India (GIC Re), the National Reinsurer, has announced the appointment of Alice G Vaidyan as the Chairman and Managing Director (CMD) with effect from January 25, 2016. GIC Re is the 14th largest reinsurer globally and is presently the only reinsurance company in India.