Leave encashment limit for non-govt employees hiked to Rs 25 lakh: CBDT The CBDT circular dated May 24 stated that the increased leave encashment limit will be applicable from April 1, 2023

A snapshot of term insurance plans with 2 riders offered by various firms 2023 may see an M&A surge in insurance sector: Shriram General Insurance MD Structure of insurance laws to be altered with proposed amendments: Experts LIC may turn into composite insurer; likely to merge 4 PSU general firms Composite insurance licence regime may trigger M&A activity: HDFC Life ...

Restore transaction fee on RuPay cards: Banks request finance ministry PAN-Aadhaar link status: Are your cards already linked? Learn how to check Your credit card payments overseas will attract a 20% TCS from July 1 UPI continues to dominate digital payments thanks to wide use of QR codes Google Pay allows UPI payments using RuPay credit cards; check details here ...

Centre’s FY23 dividend income from PSBs 58% higher than in FY22: Report The Centre will receive Rs 13,804 crore as aggregate dividend income for 2022-23 (FY23) from the public sector banks (PSBs), nearly 58 per cent higher than Rs 8,718 crore received in FY22, a report by BusinessLine (BL) said on Thursday. This can be attributed to healthy profits and ...

Debit card-based ATM withdrawals up 235% since demonetisation: Report The monthly ATM cash withdrawals using debit cards have jumped over 235 per cent since the Centre announced the demonetisation exercise in November 2016, a new report revealed on Wednesday. As compared to Rs 84,934 crore withdrawn in December 2016, Rs 2.85 trillion were withdrawn in March 2023. The withdrawals ...

RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI By Subhadip Sircar and Saikat Das India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that’s expected to tighten later in the year, according to a top banker.  The Reserve Bank of India may ...

Day 2 of Rs 2,000 note exchange has banks running out of cash for exchange Following the Reserve Bank of India’s (RBI) announcement on May 19, the Rs 2,000 currency notes are being withdrawn from circulation. As per the announcement, citizens have been asked to either deposit their notes into their bank accounts or exchange, up to Rs 20,000 at ...

India’s forex reserves at comfortable position to meet requirements: Goyal India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and industry Minister Piyush Goyal said on Wednesday. India’s forex kitty jumped USD 3.553 billion to USD ...

India Post Payments Bank temporarily stops opening of this savings account: Check details [ad_1] India Post Payments Bank (IPPB) has temporarily stopped the opening of New Digital Savings Bank Account through all channels. Individuals can, however, open other savings accounts from IPPB such as Regular savings account, Premium savings account, Basic savings account. According to the IPPB press release, “This ...

War on inflation not over, we have to remain alert: RBI Guv Shaktikanta Das Although inflation has moderated of late, India’s fight against it is not over yet, and there is no room for complacency, Shaktikanta Das, governor of the Reserve Bank of India (RBI), said at an event on Wednesday. “The war on inflation is not over. We ...