Exemption-less income tax regime under review, could see changes this Budget [ad_1] Less than half a million taxpayers have opted for the new exemption-less income tax regime since its rollout, prompting a review to see if measures are needed in the budget to promote its adoption, people familiar with the matter said. About 75.2 million income tax returns have been ...

Yes Bank AT-1 bonds case: ET explainer: Yes Bank and the AT-1 bonds saga, what next for investors? [ad_1] In what came as a positive development for retail investors, the Bombay High Court last week invalidated the write-off of additional Tier-1 (AT1) bonds issued by private lender Yes Bank. Its CEO Prashant Kumar on Saturday said that the company has ...

UPI Payments: In-bound travellers visiting India can now make local payments using UPI [ad_1] In-bound travellers visiting India can now make local payments using UPI while they are in the country, the Reserve Bank said. “Travellers visiting India can now experience the convenience of UPI payments at over five crore merchant outlets across India, that accept QR Code-based UPI payments,” ...

Looking for ELSS funds to save taxes ? Here are four schemes [ad_1] Looking for tax saving mutual funds or ELSS funds to save income tax? Taxpayers can invest in certain investments like ELSS funds and claim tax deduction on them. Investors can claim tax deductions of up to Rs 1.5 lakh in a financial year. The financial year comes ...

With UPI-PayNow linkage Modi government makes a grab at the India outside India [ad_1] Whenever Prime Minister Narendra Modi visits a foreign country, especially a developed one, his signature move is to galvanise the non-resident Indians (NRIs) there. Modi has turned the NRI soft power into a significant diplomatic chip for India. But now his government also eyes the hard ...

ICICI hikes MCLR, Suryoday Small Finance Bank revises FD rates Private lender ICICI Bank has raised its marginal cost-based lending rates (MCLR) by ten basis points across tenures, effective from March 1. Overnight and one-month MCLR rates are now at 8.50 per cent, while the MCLR for three months is at 8.55 per cent, ICICI ...

HDFC Bank, Lulu Exchange ink deal to enhance cross-border payments between India-Gulf region [ad_1] HDFC Bank, a major private sector bank, and UAE-based Lulu Exchange have signed an MoU to strengthen cross-border payments between India and the Gulf Cooperation Council (GCC) region. In the first phase of the partnership, Lulu Exchange’s expertise and regulatory framework would be utilised to launch ...

State Bank of India completes first commercial trade in Sri Lankan rupees COLOMBO (Reuters) – Indian lender State Bank of India on Thursday said it completed its first non-dollar transaction with Sri Lanka, by paying for exports in Sri Lankan rupees as India looks to bring countries that are short of U.S. dollars into the trade mechanism. ...

Come out with insurance products for persons with disabilities, mental illness: Irdai to insurers [ad_1] Regulator Irdai has asked general and standalone health insurers to offer a specific cover for Persons with Disabilities (PWD), persons afflicted with HIV/AIDS, and those with mental illness. In a circular, the Insurance Regulatory and Development Authority of India (Irdai) asked the insurers to determine ...

EPS membership Status: How to check EPS membership status to get higher pension [ad_1] Date of joining If DOJ is before September 1, 2014, then individual is eligible to apply for the higher pension. If the individual has moved to another organisation after this date, they will still be eligible to opt for the higher pension as long as the ...