The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards. Several people were cheated in the last few years by cyber frauds because they have stored their card data on the merchants website …
RBI ready to bring card tokenisation norms into effect from Oct 1 Read More »
New Delhi: Domestic equity market benchmark BSE Sensex dropped 1,093.22 points to settle below the 59,000 mark, while NSE’s Nifty50 index cracked below the 17,550 mark. Domestic investors lost over Rs 6 lakh crore from their kitty as the total market capitalisation of BSE-listed firms plunged from Rs 285.9 lakh crore from Rs 279.8 lakh …
Bloodbath on D-Street! Why market bulls are in panic mode Read More »
If you planned your taxes according to the new tax regime but missed filing your income tax returns (ITR) before the July 31, 2022 deadline, then there is some bad news. As per current income tax laws, you cannot claim the benefit of the new tax regime while filing belated ITR. Not only, you will …
As the Goods & Services Tax legislation completes 5 years and has evolved from its “infant” stage into a stable state legislation today, the industry is again abuzz analysing the hits, misses, expectations, and future outlook of the ‘most ambitious tax reform of the country’ in its half-decade stint. With revenues getting buoyant in the …
More than 90% of small-business owners are worried about experiencing an economic recession over the next 12 months, according to a June 2022 Goldman Sachs survey. Because lenders tend to tighten their lending standards during recessions, small-business owners may be looking for ways to secure funds before access to credit is possibly reduced. One option …
Is a line of credit right for your business recession plan? Read More »
NEW DELHI: The government on Wednesday announced the integration of Udyam — a registration platform for small entrepreneurs — with job portal National Career Service to ensure easier access of workforce data for MSMEs. Union minister for MSME (Micro,Small and Medium Enterprises) announced the integration of the two government portals at the 18th meeting of …
Govt integrates Udyam registration platform with job portal NCS Read More »
The country’s largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is 12.75 per cent. It was revised last in June. “Benchmark …
SBI raises benchmark lending rate by 0.7 per cent Read More »
ICICI Prudential Mutual Fund has launched the ICICI Prudential Nifty50 Equal Weight Index Fund. The scheme will invest in the constituents of the Nifty50 Equal Weight Index. The NFO opens on September 14 and closes on September 28. The scheme will be managed by Kayzad Eghlim and Nishit Patel. “Since indices perform differently under variable …
ICICI Prudential Mutual Fund launches Nifty50 Equal Weight Index Fund Read More »
The last date for filing income tax return (ITR) for FY 2021-22 or AY 2022-23 was July 31, 2022. If you have filed your ITR before the deadline and still have not received the refund, there could be multiple reasons Here are the three possible reasons why your income tax refund is still pending. Check …
Income tax refund still not received? These could be the reasons Read More »
‘One nation, One market, One tax’ – the driving motto behind the introduction of GST, with effect from 01 July 2017, has brought 1.3mn taxpayers into a unified indirect taxation system. The profound idea behind the implementation of GST was that it would offer a win-win situation for all stakeholders, be it the governments at …
5 years of GST: A mix of success and work in progress Read More »
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