Mirae Asset Tax Saver Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: Axis Long Term Equity Fund Digital transactions in India highest in world but why is cash still king? Irdai issues Bima Vahaks draft ...

Kotak Mahindra Bank Debit Card services will be unavailable on these days [ad_1] Kotak Mahindra Bank has informed that Kotak Bank Debit, Spendz Card services will be unavailable for a few hours on June 3 and 10, 2023 due to maintenance activity. The bank informed its customers via an email. The bank stated in the email: “We would like to ...

Digital transactions in India highest in world but why is cash still king? India’s Unified Payments Interface (UPI)-led retail digital payments grew at a compounded annual growth rate (CAGR) of 50 per cent in the last five years, with digital transactions surpassing all major developed economies, including the US, the UK, and Europe, said the Reserve Bank of India in ...

I-T dept to keep open SFT returns filing portal for FY’23 for ‘couple days’ Banks, foreign exchange dealers and other reporting entities have ‘couple of days more’ to report high-value transactions done by their clients in 2022-23 by filing SFT returns, the I-T department has said. The last date for filing statement of financial transactions (SFT) for 2022-23 ...

UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days UPI continues to dominate digital payments thanks to wide use of QR codes ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000 ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000 Is it the end of WhatsApp’s UPI ambition? ...

What are the tax implications of depositing Rs 2,000 notes? Indians have been panicking ever since it was reported that large cash deposits made during the phasing out of the Rs 2,000 notes would likely be notified by banks to the taxman, especially if the deposit is disproportionate to the income reported in the income tax return.  But what ...

Liquidity surplus crosses Rs 1.75 trillion-mark on higher govt spending Liquidity surplus in the banking system zoomed past Rs 1.75 trillion on the last day of May on the back of higher government spending, latest data released by Reserve Bank of India showed. On Wednesday, the surplus liquidity in the banking system was around Rs 1.76 trillion, while it ...

CREDAI urges to remove GST on free flats given in redevelopment projects Realtors’ body CREDAI has demanded the government should do away with the GST on flats which are given free of cost to existing occupants in redevelopment projects to make them economically viable, especially in the Mumbai region. A delegation from CREDAI and CREDAI-MCHI has met Union ...

Odisha posts 11% YoY growth in collection of GST in May to Rs 4,397 cr Odisha registered over 11 per cent growth in collection of gross GST in May to Rs 4,397.73 crore, an official said on Thursday. The state had mopped up Rs 3,955.75 crore in the year-ago month. Odisha also posted a 30.28 per cent ...

Irdai issues Bima Vahaks draft to establish channel at Gram Panchayat level Regulator Irdai on Thursday came out with draft guidelines for ‘Bima Vahaks (BV)’, which seeks to establish a dedicated distribution channel at the level of Gram Panchayats. The guidelines propose Corporate Bima Vahaks and Individual Bima Vahaks for the distribution channel. Corporate Bima Vahak would ...