Chit fund agent commits suicide in Tripura

Laxman Singha, 42, an agent of a non-banking financial company (NBFC), committed suicide in Tripura following pressure from depositors, police said Wednesday.

Exempt infra NBFCs from tax on interest income: Assocham

Industry body Assocham has asked
the Centre to exempt infrastructure non-banking financial
companies from tax deducted at source on interest paid to

RBI sets up new category of NBFCs for infrastructure

To help infrastructure firms meet their huge demand for funds, the Reserve Bank of India on Tuesday created a new category of non-banking finance company that might bring down the lending rate for the sector.