No TCS on overseas payment via international credit, debit cards: FinMin The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards. Facing backlash from a wide section of people, the Finance Ministry said the move is aimed at removing procedural ambiguity ...

Overseas debit, credit card payments up to Rs 7 lakh a year out of LRS In a step that would come as relief to individuals travelling abroad, the Centre on Friday excluded up to Rs 7 lakh of debit and credit card payments in a financial year from the ambit of the liberalised remittance scheme (LRS). These transactions will not ...

‘Rs 2,000 notes withdrawal will help curb black money to great extent’ Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a “great extent” because people are hoarding the high value currency. Gandhi, who was leading the currency department during the demonetisation of ...

Here’s all you need to know The Reserve Bank of India (RBI), on Friday, announced the withdrawal of Rs 2,000 currency notes from circulation. The existing notes in circulation could either be deposited in bank accounts or exchanged by September 30, the RBI said in a statement. Here’s everything you may need to know- – Rs 2,000 currency ...

Reserve Bank of India to withdraw Rs 2,000 currency notes from circulation RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary Policy: Repo rate up by 25 ...

RBI may cancel licence of asset reconstruction companies after I-T report The Reserve Bank of India may cancel the licences of a few asset reconstruction companies (ARC) who had been issued show cause notices. RBI had earlier sent show cause notices to a few asset reconstruction companies (ARCs), seeking answers on why their licences should not be cancelled, ...

RBI to transfer Rs 87,416 crore to Centre as surplus for the year 2022-23 Vedanta dividend: Decision on fifth payout today; check all details here RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement Nestle India dividend 2023: FMCG giant to ...

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RBI dividends to Centre may double due to gains, aiding fiscal gap By Anup Roy and Tomoko Sato The Reserve Bank of India board may decide to nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, which could help bridge the fiscal deficit.    A Bloomberg survey of nine ...

Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara State Bank of India (SBI) is well equipped to comply with the expected credit loss (ECL) framework, without impacting its balance sheet, Chairman Dinesh Kumar Khara said while announcing the bank’s January-March earnings on Thursday. In January, the Reserve Bank of India (RBI) released a discussion paper on the ...