economy

Covid Impact Is Massive: It May Take 12 Years To Fully Recover From Covid Impact In India (RBI Report's Key Highlights) RBI released its Report on Currency and Finance (RCF) for the year 2021-22. It states that the Indian…

FM Nirmala Sitharaman has summoned Infosys CEO & MD Salil Parekh on Monday, to explain the reason behind continued glitches on the income tax portal, even after over two month of the portal’s launch. Almost 80 days after the launch…

Sneaky 'Dhannaseths' like these cleverly disguise themselves in order to draw attention away from their fortunes. In Kanpur, Uttar Pradesh, the income tax department has made some bizarre discoveries. Roadside Vendors Secretly…

Experts are forecasting a further expansion of the economy by 3.1% in the second quarter. The US economy is showing signs of returning to pre-pandemic levels as it has registered a GDP growth of 6.4% in the first quarter of the year. …

Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22. Here are major highlights from the speech for you to cover the budget in less than one minute. FM said India is poised to be a land of new hope. The new infusion will…

Any Fintech Startup Can Now Launch Mutual Funds As Rules Relaxed: All You Need Is Rs 100 Crore! SEBI revokes the profitability criteria for fintech startups to enter the mutual fund businessThe modification carried out to encourage…

Trump behind Ant IPO suspension? Ant IPO has been cancelled at Shanghai Stock Exchange which was about to be the world's largest IPO. So, what went wrong? According to Reuters, Trump administration has put on hold an effort to blacklist…

Get Interest Waiver on EMIs from banks as cashback. People are calling it EMI cashback. The finance ministry has confirmed the EMI interest waiver by banks and has issued the complete list guidelines. The interest waiver is applicable on…

TCS, Infosys Shares Jump On $2.3 Trillion US Stimulus Hope For Reviving Economy Post Covid 19 Due to the global pandemic, a new wave of work-style has been highly prevalent- the ‘Work from Home’ norm. Entire workstations and offices…

TDS of 1% will be levied on all payments made to e-commerce participant/sellers/retailers by e-comm operators (Amazon, Flipkart, etc), under the Section 194-0 from October 1, 2020. With the number of vendors enrolling themselves with…

You will be charged higher income tax, as a penalty of either not adding unexplained cash/valuable(s) in your tax filings or if you are unable to explain the source and reason of such an entry to the IT officers. We have covered a…

After multiple backlashes across the world, Huawei has emerged as the number one smartphone seller in the world. In India, OnePlus leads the table in the premium segment as the number one smartphone seller among flagships. Huawei has the…

No Brokers Required! SEBI Will Soon Allow You To Directly Invest In BSE, NSE Without Any Broker According to a report published by HDFC Securities in March 2019, the Indian online trading industry took a quick rise. The trading…

Lockdown 4.0 guidelines? Latest relaxations? Availability of public transport in Lockdown 4.0? Here's everything you need to know. The current lockdown has now been officially extended till May 31. The Lockdown 4.0 will continue with a new…

Very Soon, You Pay Income Tax Via UPI, Mobile Wallets, Credit/Debit Card! Income Tax Department and Govt of India is collaborating to make the process of paying income tax easier, and seamless. Ushering a new wave of reforms for…

This can easily be described as Google’s boldest ever move, when it comes to consumer banking. For the first time ever, Google will offer checking accounts for all users, in partnership with CITI Bnak. Although Google has…

Bengaluru Woman Calls Fake Swiggy Go Helpline; Loses Rs 95,000 Via Fraud “When internet fraudsters impersonate a business to trick you into giving out your personal information, it’s called phishing”. As per the reports coming in…

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…