Category: Finance

Finance
RBI Makes E-Payments More Convenient As Now Large Fund Transfers To Be Allowed 24X7 And Contactless Payment Limit Hiked To ₹ 5,000

RBI Makes E-Payments More Convenient As Now Large Fund Transfers To Be Allowed 24X7 And Contactless Payment Limit Hiked To ₹ 5,000

Highlights: RBI tries to make e-payment more convenient for people RBI to now allow round the clock large fund transfers Last year RBI allowed 24X7X365 NEFT system As per the Governor of the Reserve Bank…

Finance
Understanding the Rules for Assets and Liabilities Disclosure in ITR Form

Understanding the Rules for Assets and Liabilities Disclosure in ITR Form

Highlights: The requirements are applicable for those filing ITR 2 and ITR 3. The taxpayers who have total taxable income above 50 lakhs in the 2019-2020 financial year are only liable to disclose their Assets…

Finance
This Is How You Can Track All Your Mutual Fund Transaction And Folio Number Under One Roof

This Is How You Can Track All Your Mutual Fund Transaction And Folio Number Under One Roof

Highlights: High Networth Individuals generally investor through advisors who offer various services including portfolio analysis and reports Retail investors can now maintain their MF portfolio at one place Retail investors can now use “Transaction Aggregation…

Finance
Reliance Industries’ Share Price Falls As Investors Focus On Earnings

Reliance Industries’ Share Price Falls As Investors Focus On Earnings

Highlights: The share price of Reliance Industries Limited drops RIL was trading at ₹ 1,934 on the Bombay Stock Exchange, down 2% from last close RIL recently sold a 10% stake in Reliance Retail Venture…

Finance
“Cardless EMI” Facility Announced By ICICI Bank, See If You Are Eligible?

“Cardless EMI” Facility Announced By ICICI Bank, See If You Are Eligible?

Highlights: ICICI Bank announces first in the industry “Cardless EMI” facility Customers will be able to transact using just their mobile phones and PAN See complete benefits of ICICI Bank “Cardless EMI” facility On Thursday,…

Finance
Interest-On-Interest Waiver To Be Nominal Causing Bank To Credit To Loan Account

Interest-On-Interest Waiver To Be Nominal Causing Bank To Credit To Loan Account

Highlights: Government of India issued a notification stating interest would be calculated based on interest rates as of 29th February 2020 If interest rates declined during 6 months moratorium (1st March to 31st August), the…

Finance
Fake Billing Scam: Tax Credit Racket Unearthed By GST Officers In Delhi Worth Almost Rs 1,300 crore

Fake Billing Scam: Tax Credit Racket Unearthed By GST Officers In Delhi Worth Almost Rs 1,300 crore

Highlights: Fake Billing Scam uncovered by GST officers in Delhi The tax credit racket is said to be worth Rs 1,278 crore 1 person was nabbed by the authorities More than 9 places were raided…

Finance
Customer Could Be Charged For Withdrawing Money From ATM Above A Certain Amount

Customer Could Be Charged For Withdrawing Money From ATM Above A Certain Amount

Highlights: A new rule on money withdrawing from the ATM If a customer withdraws an amount over Rs 5,000, an additional charge will be levied The rules will not be applicable on the free monthly…

Finance
Flipkart Buy 7.8% Stake In Aditya Birla Fashion And Retail Limited

Flipkart Buy 7.8% Stake In Aditya Birla Fashion And Retail Limited

Highlights: E-commerce giant Flipkart buys 7.8% stake in ABFRL ABFRL has approved Rs 1,500 crore raising and will issue preferential shares to Flipkart Group The deal was made at the cost of Rs 205 per…

Finance
Here Are Some Of the Special Income Tax Benefits Enjoyed By The Senior Citizens In India

Here Are Some Of the Special Income Tax Benefits Enjoyed By The Senior Citizens In India

Highlights: Special benefits enjoyed by senior citizens and very senior citizens in India on Income Tax A person between the age of 60 and 80 is termed as a senior citizen A person aged 80…