economy

New Tax Slabs Soon: 10% For Income B/W Rs 5 Lakh & Rs 10 Lakh A high-level tax force set up by the government submitted a report to the Finance Ministry on new Direct Tax Code, earlier this month. This report brings in radical…

Draconian Angel Tax Abolished For Indian Startups Since this term has started, the new finance minister, Nirmala Sitharaman has made many changes and additions in the new finance model governing the economy of the country. Amidst the…

Parle can fire 10,000 employees I am sure we have all grown up eating the Parle G biscuits, at least once in our childhood days. Once known as Parle Gluco, the Mumbai headquartered company’s biscuits was renamed as Parle-G and became…

This has been a long weekend and don’t we just love long weekends? Anyhow, it appears that the same cannot be said for the top ranking companies of the country. Heavy losses were suffered by these companies in the past week,…

The primary reason being that traditional HFCs are not able to determine the loan repayment capability of the self-employed, as this category of loan seekers have low credit penetration.

Currently with over a dozen of them operating in the Indian digital space, WhatsApp has a huge advantage over the others with its massive user base. WhatsApp Payments will be going against some of the top-performing digital payments…

The basic income will have to go up and allowances such as house rent, travel, medical etc will have to be capped at 50% of the overall take-home salary.

The Supercash on MobiKwik has been heavily criticized for luring in customers without giving back any actual benefit to the user.

Directly targeting RuPay, Visa has slashed the maximum charges in the sub-Rs 2000 bracket of debit card transactions, which indicates their aggressive stand

After dominating QR Code mode of payments it has emerged that Paytm now plans to roll out a massive quantity of PoS machines, all over India.

ATM Fraudsters are using ATM Skimming, an illegal way to copy ATM card details in order to scam users. This is a criminal and punishable offence.

Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.

Repo rate is the interest at which RBI lends money to other banks, which are meant for consumer loans. It is also called short-term lending rate.

In a very strange move, Income Tax Dept. last month had issued a notification wherein every bank was ordered to pay GST on free banking services rendered to bank customers who are maintaining minimum bank balance. As per latest updates…

Income Tax Dept. has officially removed all GST charges from duty-free shops in airports, all across the country. However, this no GST ruling is only applicable for international tourists, who are entering or leaving India.

Income Tax Dept. runs an 'Income Tax Informants Reward Scheme' for those, who wish to inform them about tax evaders and information about black money stashed abroad. Now, this scheme has been revamped and redesigned with some big rewards,…

Barely 24 hours of that news, fresh insights are coming in from Govt. sources regarding WhatsApp payments; and going by the looks of it, not everything seems smooth. WhatsApp Payments is again under Govt. scanner, and it seems that WhatsApp…

BHIM’s latest 1.5 version on Android and iOS now allows bill payments for all users. As per the changelog observed, there are several categories within BHIM app, using which any user can pay bills via UPI platform.

One of the most important features of WhatsApp Payments is that it is UPI-enabled. As of now, WhatsApp is going to partner with HDFC Bank, ICICI Bank and Axis Bank for processing transactions. SBI is also expected to join the growing number…

RBI’s latest data is stating that as many as 2000 ATMs shut down all across India by banks, between May 2017 and February 2018. There is an interesting twist here: While on-site ATMs have been reduced, off-site ATMs have increased, albeit…