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Cannot Claim Home Loan Deduction If You Aren’t Owner, Co-Owner Of Home

The ratio in home loan as well as the ownership ratio gets fixed at the time of payment for the property and cannot be changed later. Purchase of two flats have to be mapped individually against one flat for claiming capital...

25 March 2023

Ministry of Home Affairs (MHA)

Validity Of FCRA Licence Of NGOs Extended Till September 30, 2023: MHA Notice

Between 2018 and 2022, the FCRA registration of 1,827 associations were cancelled due to violation of provisions and rules


Sri Lanka on Wednesday received USD 330 million as the first tranche of the International Monetary Fund (IMF) bailout programme

Sri Lankan Crisis: India's Credit Line Settled With First Tranche Of IMF Bailout Package

The Indian credit lines since January 2022 have provided a lifeline to debt-stricken Sri Lanka, amid the growing public dissent over the worsening economic conditions


Tax Deducted At Source To Apply On All Online Gaming Winnings From April 1

The change in the Tax Deducted at Source (TDS) threshold applicable to online gaming will come into effect from April 1, 2023, after amendments passed in Finance Bill 2023

25 March 2023

Debt Mutual Fund Taxation Amendment A Surprise, Will Be Detrimental To Corporate Bond Market Development

A Balasubramanian, the chairman of MF industry lobby grouping Amfi, who also heads Aditya Birla Sun Life AMC, called the amendments as "surprising" and added that the industry will have to be ready for the changes that set...


Reserve Bank Of India

RBI's MPC To Meet 6 Times Next Fiscal; First Meeting Scheduled For April 3-6

According to the schedule released by the RBI on Friday, the first bi-monthly monetary policy of FY2023-24 is scheduled for April 3, 5 and 6; and next will be held during June 6-8

24 March 2023

NSE - National Stock Exchange

NSE To Roll Back 6% Hike In Transaction Charges From April 1

The exchange would also recalibrate the contribution to NSE IPFT from Rs 0.01 per crore to Rs 10 per crore in the cash equities market and equity futures segments

24 March 2023

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India's Forex Kitty Jumps By $12.8 Billion To $572.8 Billion

For the week ended March 17, the foreign currency assets, a major component of the reserves, increased by $10.485 billion to $505.348 billion

24 March 2023

24 March 2023
RBI Central Board Discusses Global, Domestic Economic Situation

RBI Central Board Discusses Global, Domestic Economic Situation

The meeting took place in the backdrop of global concerns over failure of banks in the US amid aggressive monetary tightening


24 March 2023
Byju's Likely To Close $250 Million Equity Fund Raise In April

Byju's Likely To Close $250 Million Equity Fund Raise In April

A source said the fundraising is an equity deal and happening at a flat valuation of $22 billion.


24 March 2023
Bank Fraud: ED Attaches Rs 252 Crore Worth 'Ambience Tower' In Delhi's Shalimar Bagh

Bank Fraud: ED Attaches Rs 252 Crore Worth 'Ambience Tower' In Delhi's Shalimar Bagh

A provisional order, under the Prevention of Money Laundering Act (PMLA), was issued by the ED to attach the commercial building worth a total Rs 252.17 crore


24 March 2023
Individual Taxpayers With Income Marginally Over Rs 7 Lakh To Get Relief Under New Tax Regime

Individual Taxpayers With Income Marginally Over Rs 7 Lakh To Get Relief Under New Tax Regime

Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh. Income between Rs 3-6 lakh would be taxed at 5 per cent; Rs 6-9 lakh at...


24 March 2023
Five Nykaa Executives Quit; Firm Calls It 'Voluntary And Involuntary Exits'

Five Nykaa Executives Quit; Firm Calls It 'Voluntary And Involuntary Exits'

Executives who have quit Nykaa had a short stint at the company in the range of 1 to 3.5 years


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24 March 2023
Centre Clears 3rd Electronics Manufacturing Cluster For Karnataka; Expects Rs 1,500 Crore Investment

Centre Clears 3rd Electronics Manufacturing Cluster For Karnataka; Expects Rs 1,500 Crore Investment

Total investment target across the three EMCs has been projected to the tune of Rs 20,910 crore in Karnataka, which houses electronics manufacturing majors...


24 March 2023
Pakistan Receives $2 Billion Rollover Deposits From China To Get IMF Bailout: Report

Pakistan Receives $2 Billion Rollover Deposits From China To Get IMF Bailout: Report

Pakistan is scrambling to increase its forex reserves which are estimated to be at $4.8 billion after China refinanced $500 million last week


24 March 2023
Finance Bill 2023: Lok Sabha Okays The Bill With 64 Official Amendments; Makes Way For GST Appellate Tribunal

Finance Bill 2023: Lok Sabha Okays The Bill With 64 Official Amendments; Makes Way For GST Appellate Tribunal

As per the amendments proposed in the Finance Bill 2023,Lok Sabha on Friday, benches of the GST Appellate Tribunal would be set up in every state while there...


24 March 2023
Finance Bill 2023: Govt To Look Into Pension Issue, Bring Tax On Credit Card Payments For Foreign Trips Under LRS 

Finance Bill 2023: Govt To Look Into Pension Issue, Bring Tax On Credit Card Payments For Foreign Trips Under LRS 

The minister said the government is considering several representations concerning pension, bringing tax collection at source for credit card payments for...


24 March 2023
Government To Set Up Panel Headed By Finance Secretary To Improve New Pension Scheme

Government To Set Up Panel Headed By Finance Secretary To Improve New Pension Scheme

The decision comes in the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and also employee organisations in...


24 March 2023
Zydus Lifesciences Gets US Health Regulator's Nod For Its Generic Medicine

Zydus Lifesciences Gets US Health Regulator's Nod For Its Generic Medicine

The approval granted by the US Food and Drug Administration (USFDA) is for doxepin hydrochloride capsules of strength 150 mg, the company said in a regulatory...


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24 March 2023
Finance Minister Proposes Panel To Look Into Issues Related To Government Employees' Pension

Finance Minister Proposes Panel To Look Into Issues Related To Government Employees' Pension

While moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, the minister also said the RBI will look into the issues related to credit...


24 March 2023
HDFC Mutual Fund Files For Two Sovereign Green Bonds 

HDFC Mutual Fund Files For Two Sovereign Green Bonds 

HDFC Mutual Fund has filed for two sovereign green bonds – HDFC Nifty India Sovereign Green Bond Jan 2028 Index Fund and HDFC Nifty India Sovereign Green...


24 March 2023
Credit Card Payments On Foreign Tours To Be Brought Under LRS To Ensure Compliance With TCS

Credit Card Payments On Foreign Tours To Be Brought Under LRS To Ensure Compliance With TCS

The Union Budget 2023 proposed a TCS for foreign outward remittance under LRS other than for Education and medical purposes of 20 per cent applicable from July...


24 March 2023
Government To Introduce GPS-Based Toll System In Six Months To Replace Toll Plazas

Government To Introduce GPS-Based Toll System In Six Months To Replace Toll Plazas

The ministry of road transport and highways is conducting a pilot project of automatic number plate recognition system (automatic number plate reader cameras)...


24 March 2023
India Can Become Number One Automobile Manufacturer By Using Lithium Reserve In J&K: Nitin Gadkari

India Can Become Number One Automobile Manufacturer By Using Lithium Reserve In J&K: Nitin Gadkari

The estimated 5.9-million tonne reserve of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in Reasi...


24 March 2023
Xiaomi India Teams Up With United Way To Upskill Transgender Community

Xiaomi India Teams Up With United Way To Upskill Transgender Community

Xiaomi India President Muralikrishnan B said the collaboration with United Way India is a testament to the company's firm belief in the transformative power of...


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