Zippers association of India requests GST council to bring down the tax to 12% from 18%

Zippers association of India has requested the Chairman of GST Council to lower the tax slab on zippers to 12% from the existing rate of 18% and Include Zipper as a part of Textile Industry.The demand have been made in the light of problems being faced by the already sick sector due to the implementation of GST and its impact on the business of zippers and apparel export industries.

India Money Mart

IndiaMoneyMart launches App to promote P2P Lending and Borrowing

Mumbai-headquartered IndiaMoneyMart (IMM), a digital lending marketplace has launched its App to allow lenders and borrowers to lend and borrow money independently. IMM has the PAN-India operation and has partnered with the number of financial institutions to fulfill the need of loan (personal, home and small business) of an individual.

The app is freely available in android to download. For iPhone users, the facility will be available by late October. The app makes loan application faster and paperless in which lenders can select borrowers to fund and send loan proposals online. The duo are required to download the app, fill the registration form and upload KYC documents such as Aadhar Card, PAN Card for the proprietary underwriting tool to assess the creditworthiness by listing them on loan platform.

BALCOs 1200 MW Thermal Power Plant

CGECB issues notice for closure of BALCO's 1200 MW thermal power plant

The Chhattisgarh Environment Conservation Board, CGECB, has issued notice for the closure of 1200 MW thermal power plant of Bharat Aluminium Company, BALCO, Limited. The Plant located in the state's Korba district has been issued closure notice after a major breach in its ash dam wall recently.

The closure notice mentioned that ash slurry water from the damaged ash dam is polluting water of a Belgiri nullah (canal) passing near the plant that drains into Hasdeo river. Notably, Hasdeo river water is mostly used for irrigation and at some places for drinking purpose in the region.

India Post Payments Bank

All 1.55 lakh post offices to offer payments bank service

India Post Payments Bank is gearing up to provide its financial services through all of 1.55 lakh post offices and 3 lakh employees by the end of 2018, which will create India's second-largest payments bank in terms of reach. 

India Post Payments Bank (IPPB) Chief Executive Officer AP Singh said this at an event organised by United Nations on Financial Inclusion in New Delhi yesterday. He said that India Post will have bank footprint in every district by March 2018.