Govt receives Rs 20,97,368 crore tax revenue in FY23, reveals data According to a PIB release, the government received Rs 24,55,706 crore (101 per cent of the corresponding RE 2022-2023 total revenue) during 2022-2023. Out of the total revenue, Rs 20,97,368 crore is tax revenue (net to Centre), Rs 2,86,151 crore is non-tax revenue, and Rs 72,187 crore is ...
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Online ITR2 form for FY2022-23 (AY 2023-24) available
Online ITR2 form for FY2022-23 (AY 2023-24) available The income tax department has now empowered the online forms for ITR-2 post releasing ITR-1, and ITR-4 on May 20, 2023. “Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal,” according to the income tax website. On May 17, 2023, the ...
Read More »RBI Dy Guv calls for better risk management, governance at banks
RBI Dy Guv calls for better risk management, governance at banks 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 Former Delhi minister Satyendar Jain granted bail by SC till July 11 MPC lowers projection for inflation, raises growth outlook a ...
Read More »High staff attrition a significant operational risk to banks: RBI Dy Guv
High staff attrition a significant operational risk to banks: RBI Dy Guv Former Delhi minister Satyendar Jain granted bail by SC till July 11 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 ...
Read More »Stringent rules for education loans turn parents towards gold loans
Stringent rules for education loans turn parents towards gold loans Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts Muthoot Microfin to foray into Andhra Pradesh, Telangana in FY24 NBFCs’ share in India’s lending pie fell to 5-year low of 19.8% in H1FY23 Jewellers see 40% jump in sales on Akshaya Tritiya despite high gold prices Gold ...
Read More »Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report
Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report Abrdn, a UK-based investment company on Wednesday said it is likely sell its 1.66 per cent stake (35.7 million shares) in HDFC Life Insurance Limited through block deals, reported CNBC citing sources said on Tuesday. The Edinburgh-based company, which was formerly known as Standard Life Aberdeen, has offered ...
Read More »Certificates of deposit issuances jumped three-fold in FY23: RBI data
Certificates of deposit issuances jumped three-fold in FY23: RBI data 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 Banks tier II bond issuance surges 3.5 times in FY23, shows data MPC lowers projection for inflation, raises growth outlook a bit ...
Read More »Rs 500 note tightens hold as most circulated currency, show RBI data
Rs 500 note tightens hold as most circulated currency, show RBI data The share of Rs 500 bank note in circulation increased further to 77.1 per cent as of March 2023, from 73.3 per cent a year ago. But, the share of Rs 100, Rs 200, and Rs 2,000 notes fell in Fy23. No e Rs 2,000 note in circulation ...
Read More »SBI Card plans to raise Rs 3,000 cr from debentures to fund business growth
SBI Card plans to raise Rs 3,000 cr from debentures to fund business growth SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth. The decision to consider and approve the proposal for raising funds through the issuance of non-convertible debentures (NCDs) aggregating to Rs 3,000 crore ...
Read More »Volume of bank notes in circulation increased by 4.4% during 2022-23: RBI
Volume of bank notes in circulation increased by 4.4% during 2022-23: RBI The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9.9 per cent and 5 per cent, respectively, in 2021-22, revealed the RBI annual report released on Tuesday. In value terms, the share ...
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