Union Budget 2023: Budget 2023 should clarify how a non-resident’s income from cryptocurrencies will be taxed [ad_1] Individuals who invest in Bitcoin while they are residents of India and then transfer/sell the same bitcoins in subsequent years when they have become non-residents may face challenges in understanding their income tax obligations. This is because Budget 2022 has failed to provide ...

Rupee likely to fall on weak Asia foreign exchange, waning momentum By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Indian rupee was expected to open lower against the U.S. dollar on Tuesday, tracking losses in Asian peers and on dwindling upside momentum, traders said. The rupee was likely to open at around ...

Bank of Maharashtra Q3 PAT jumps two-fold to Rs 775 cr due to asset quality State-run Bank of Maharashtra (BoM) on Monday reported a two-fold jump in its standalone profit after tax (PAT) at Rs 775 crore in the quarter ended December 2022 due improved asset quality. The Pune-based bank had posted a net profit of ...

Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services ...

Rupee weakens amid thin volumes on FII outflow, greenback rebound The rupee weakened sharply against the US dollar on Monday amid sparse trading volumes as some foreign banks purchased the greenback, likely on account of overseas investors exiting the domestic market, dealers said. The domestic currency closed at 81.62 per US dollar versus 81.34 at ...

Active vs passive mutual funds: Where should you invest? [ad_1] In recent years, the active versus passive debate has intensified. On social media platforms, it’s a slugfest replete with mudslinging, half-truths and outright lies. The active backers swear by the wisdom and capabilities of the haloed fund managers. They frown upon indexing as lazy, and insist that better rewards await ...

Increased provision on CET1 for loan loss to be phased out: RBI paper The increase in provisioning requirement on common equity tier-I (CET1) capital for loan loss, which will be incurred by scheduled commercial banks due to transition to expected credit loss (ECL) model, will be phased out in five years, the Reserve Bank of India (RBI) ...

Consider stocks that display asset efficiency: 6 stocks with up to 25% upside potential [ad_1] Improved turnover ratios can potentially generate above average returns in the medium to long run. [ad_2]

RBI prior approval now a must for picking up over 5% stake in banks The Reserve Bank of India (RBI) on Monday said any person looking to acquire more than 5 per cent stake in a bank will need prior approval from the regulator. “Any person who intends to make an acquisition, which is likely ...

Family finance: Why the Bajajs will meet all their money goals [ad_1] Ajay & Supriya Bajaj are both employed and bring in a combined salary of Rs.4.4 lakh a month. They have a two-year-old child and live in a rented house in Mumbai. They also own a house worth Rs.55.9 lakh, which fetches them a rent of Rs.11,000 a month, ...