Changes in FEMA rules to bring parity in treatment of overseas spending The finance ministry on Thursday said the changes in FEMA rules, which brings overseas international credit card spending under RBI’s liberalised remittance scheme (LRS), are intended to bring in parity in tax treatment of remittances using debit and credit cards. The ministry said since credit card ...

Paytm partners with SBI Card, NPCI to launch co-branded RuPay credit cards Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of ...

Paytm partners with SBI Card and NPCI to launch Paytm SBI Card on RuPay Top card cos to go live with UPI-linked RuPay credit card feature by June HDFC Bank goes live on ‘Rupay Credit on UPI’ feature for customers PAN-Aadhaar link status: Are your cards already linked? Learn how to check ICICI Bank to offer EMI facility for UPI ...

Travelling abroad? Limit personal expenses to $250K on intnl credit cards What is credit score? Why is it important? Your credit card payments overseas will attract a 20% TCS from July 1 HDFC Bank revises credit card rewards points programme for customers Why is demand for private credit on the rise? Top card cos to go live with UPI-linked RuPay ...

Irdai forms task force to facilitate ease of doing KYC using Aadhaar for policyholders: What will be covered [ad_1] The Insurance Regulatory and Development Authority of India (Irdai) has announced that it is setting up a task force to facilitate ease of doing KYC and allied matters using Aadhaar. The insurance regulator made this announcement via a circular dated May ...

Your credit card payments overseas will attract a 20% TCS from July 1 From July 1, your credit card transactions abroad will get costlier. Not only will you have to pay a higher tax collected at source (TCS) of 20 per cent on each of these transactions, but you will also have to limit the spending to under $250,000 in ...

DPIIT takes up startup taxation issue with finance ministry: Secretary The Department for Promotion of Industry and Internal Trade (DPIIT) has taken up the taxation issue of startups with the finance ministry, a top government official has said. “Startup India does provide such policy advocacy, particularly on the taxation issue. We have been taking that particular issue that ...

Credit card expenditure in forex to come under RBI’s remittance scheme Spending in foreign exchange through international credit cards will be covered under the RBI’s liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum without the authorisation of the Reserve Bank, as per a Finance Ministry ...

Irdai forms task force to facilitate ease of doing KYC using Aadhaar Regulator Irdai has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number. In a circular, the Insurance Regulatory and Development Authority of India (Irdai) said presently, the UIDAI framework allows insurance companies to ...

SBI Funds Management gets RBI’s nod to acquire 9.99% stake in HDFC Bank 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 HDFC Bank: Analysts see muted profit growth in Q4 amid higher provisions HDFC Bank shares fall post Q3 as ...