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economy
Indian economic growth | Red hot India economy | GDP growth | Purchasing Power Parity
NPCI to Launch RuPay ‘Credit Cards’ in India Soon; Union Bank Launches Select & Platinum RuPay…
The National Payments Corporation of India (NPCI) is going to commercially launch its credit cards, just like it had launched its own debit cards. The cards will be based on RuPay payment gateway and a few banks will be partnering with NPCI…
GST Update: Companies Given 2 Months Extra Time To File Returns Under GST!
Govt. of India has refused to delay the implementation of GST, and July 1st has been declared as the official date for GST rollout pan India.
However, GST Council has understood that some firms may not be ready for GST as of now and…
GST Slab For 66 Items Reduced, Insulin, Printers To Get Cheaper: But GST Concerns Persist!
In today’s GST update, there is both good news and bad news for the consumers.
While Govt. has decided to reduce GST tax slabs for 66 items, which means now more products would be cheaper; fear about the shortage of heavily used FMCG…
Bounced Cheque Will Soon Be A Non-Bailable Offense; Negotiable Instruments Act Would Be Made…
In India, close to 20 lakh cheques are bounced or dishonoured every year.
Traders’ Associations all over India has requested the Govt. to stop this menace of bounced cheques, and have asked for stricter rules. Hearing these pleas,…
UPI Transactions Expanding At Incredible Pace, But HDFC Bank Has Decided To Charge UPI Transactions!
India’s 2nd largest private bank: HDFC Bank has decided to adopt an anti-digital stand, which is quite surprising and unexpected at the same time.
As per latest notifications received, HDFC Bank will now charge every person-to-person…
IT Dept. Reminds That Cash Transaction Above Rs 2 Lakh Is Illegal; Asks Public To Report Such Cash…
Income Tax Department has launched a fresh offensive against cash transactions, and illegal money.
In a widely circulated advertisement across almost all mainstream newspapers, Income Tax Dept. has reminded all about illegal cash…
5 Major Transaction Charges Which SBI Has Introduced Effective Today; An Anti-Digital Move?
While on one hand PM Modi and Govt. of India is going full throttle on encouraging digital transactions and cashless economy, India’s largest bank, State Bank of India, has some other plans.
Effective today, SBI has introduced 5…
Yay! Rs 5000 Will Be The Max Consumer Liability In Case Of Bank Transaction Fraud: RBI
Amidst rising digital transactions all over the country, the issue of transaction frauds is also cropping up, with the same proportion. And these rising complaints and feedbacks related to such frauds are being noticed.
Deputy…
Now Link PAN With Aadhaar With A Simple SMS; But Does It Work?
Income Tax Department has now made the linking of your PAN Card with Aadhaar even more simpler. Now, all it takes is just an SMS to link it.
Here is how you can do it right away:
Step 1: Send an SMS to either 567678 or 56161 from…
2 Factors Which Makes New Rupee 1 Currency Note Unique; Reason Why They Are Being Reintroduced!
This is certainly unexpected. Govt. of India has decided to re-introduce Re 1 currency note after a gap of 22 years. The last time Re 1 note was printed, it was 1994.
The size of these new Re 1 note would be 9.7 by 8.3 cms, and the…
GST & Make In India Effect: Mercedes Car Prices Slashed By Rs 7 Lakh; India Beats US &…
Two very important and crucial developments related to Indian business and economy has happened in the last 24 hours, which will surely have long-term implications for the entire economy.
Mercedes Benz has decided to slash prices of…
25 Year Old Foreign Investment Promotion Board Abolished; FDI Will Now Be More Seamless
Foreign Investment Promotion Board or FIPB is a 25 year old Govt. inter-ministerial body which was established in 1990 under the Prime Minister’s Office for managing foreign investments into India.
It was part of the liberalisation…
GST Rate Card Then & Now – What’s Cheap, What’s Costlier
The final meeting of the GST Council happened on Friday, and they came out with a 213 page draft which had the complete list of the products with the slabs of tax rates. It provides a complete laydown of the different rate of taxes on the…
Paytm Payments Bank – Everything You Need to Know!
Paytm will soon be turning into a Payments Bank, as the digital wallet will pass through a transformation. The news came out couple of days back, as CEO Vijay Shekhar Sharma issued a public notice, announcing the launch of Paytm…
Paytm Payments Bank To Commence Operations From May 23rd!
Paytm has been planning to launch its Payments Bank for so long now, and the company even integrated UPI on its platform for the same. Because of some hurdles, Paytm was unable to officially start operations of its payments bank.…
Is It Mandatory To Link Your Bank Account With Aadhaar Card? Journalist Claims It Is Not, But…
In the last couple of months, bank account holders have been receiving urgent SMSes and calls from banks, asking to link their Aadhaar cards with the bank accounts. I have personally received around 10 such messages from HDFC Bank, and…
Boost For Fintech Market in India – SEBI Allows Mutual Fund Investment Via Digital Wallets;…
This is one of those watershed moments for the nascent Indian fintech (Financial Technology) industry.
The regulator of securities trade in India; The Securities and Exchange Board of India (SEBI) has allowed investment in mutual…
Service Tax Will Increase To 18% Under GST; But Exempted For Those Earning Below Rs 20 Lakh/Yr
As per latest information coming out related to implementation of GST regime, it is now clear that service tax is all set to increase under the new tax structure.
As per statements issued by Revenue Secretary Hasmukh Adhia, we have…
Banks Will Block Non Self-Certified Bank Accounts After April 30th; Is Aadhaar Linking Also…
Under FATCA provision (Foreign Account Tax Compliance Act), Income Tax Department has asked all banks and financial institutions to seek self-certification from bank account holders, before April 30th.
Failure to do so will lead to…
GST Impact: What Will Get Expensive & What Will Get Cheaper!
The rollout of Goods And Services Bill (GST) is now 99% confirmed effective July 2017. After Lok Sabha passed 4 crucial bills related to GST late last month, Rajya Sabha has cleared the bill without any modifications.
Now, only…