Interim Budget 2024 could simplify ITR filing process for NRIs [ad_1] The government has taken various measures in the recent past to simplify income tax return (ITR) filing processes, however, there is still scope to do more, especially for Non-Resident Indians (NRIs) filing ITRs in India. NRIs living abroad may be required to file ITR in India either due to ...

Rupee depreciates 3 paise to 83.15 against US dollar in early trade The rupee depreciated 3 paise to 83.15 against the US dollar on Wednesday, tracking a strong greenback against major rivals overseas and massive selling in domestic equity markets. However, inflow of foreign funds in domestic equity markets and softening crude oil prices in the international markets resisted a ...

Bank of Baroda to raise up to Rs 5,000 cr via infra bonds in Jan: Bankers The state-run bank is likely to invite bids from bankers and investors for the proposed issue this month, they said

Rates to stay higher, battle against inflation not yet over: IMF's Gopinath Affirming that the fight against price rise is not yet over, IMF’s Gita Gopinath on Tuesday said interest rates are likely to stay higher than during the period immediately after the global financial crisis. There are expectations though that it will come down sometime this year, the International ...

State govts may fix 'guarantees' at 5% of revenue, says RBI group The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan

RBI panel makes several suggestions on state government guarantees A Reserve Bank working group has suggested that state governments should charge a minimum fee for guarantees extended by them on loans taken by their enterprises, local bodies, and cooperative institutions. Keeping in view the inherent risks associated with the guarantees extended by the state governments on their fiscal health and ...

Shriram Finance to issue over 3 yr dollar denominated bonds: Bankers The funds will be used to support social projects and other activities allowed under the Reserve Bank of India’s external commercial borrowing guidelines, a term sheet showed

Dollar up 0.47%, hits 1-month high amid tempered expectations of rate cut Comments from European Central Bank officials downplaying the idea of early rate cuts overshadowed the outlook for borrowing costs globally

After death of home loan borrower, husband fights for 13 years for life insurance claim against SBI Life Insurance and wins [ad_1] SBI Life Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay a deceased customer’s husband the full amount of insurance claim to settle the remaining amount of home loan taken from State Bank of ...

Rupee depreciates 11 paise to 82.97 against US dollar in early trade The rupee reversed its nine-day upward movement and depreciated 11 paise to 82.97 against the US dollar in early trade on Tuesday, tracking a strong American currency against major overseas rivals and subdued equity market sentiment. Some inflow of foreign funds supported the Indian currency which was weighed ...