Interim Budget 2024 could ease tax burden of homebuyers via these benefits [ad_1] The Income-tax Act, 1961 (Act) provides certain benefits to home buyers if they have taken a home loan for buying house property. These benefits are in the form of deductions from taxable income for interest paid on a home loan and repayment of the principal component. Such ...

RBI releases draft framework for fintech self-regulatory organisation The body would work towards strengthening governance standards and addressing the sector’s needs and challenges, the central bank said

Reserve Bank of India likely to withdraw relief to govt-owned NBFCs Substantial time has elapsed since Government owned NBFCs were brought within the ambit of prudential regulations in May 2018

RBI may shift policy stance to neutral by Jun, cut rates by Aug: Nomura The Reserve Bank may shift the monetary policy stance to “neutral” by June and deliver rate cuts starting August this year, a Japanese brokerage said on Monday. Pointing out to softer core inflation ‘or price rise in items excluding food and fuel’ in the data released ...

Working women prefer FDs to stocks: DBS Survey [ad_1] Delhi, January 15, 2024: As many as 47% women earners in urban India take their own financial decisions, while 98% actively participate in long-term family decisions, reveals a recent survey conducted by DBS Bank India in collaboration with CRISIL. The independence in making financial choices increases significantly with age, with 65% ...

Bond market sees government adhering to its borrowing target in FY24 The central government has planned a borrowing of Rs 15.43 trillion (gross) for the current financial year, with Rs 6.6 trillion of this total expected in the second half.

MPC's Jayanth R Varma envisions lower inflation, higher growth in 2024 The Indian economy has withstood all geopolitical shocks in the last couple of years and it will also be able to navigate the uncertainties that lie ahead, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 ...

Allow NPS investment tax break of Rs 50,000 in new tax regime in interim budget 2024: Experts [ad_1] The government wants to encourage people to move to the new tax regime which combines lower tax rates with a very limited number of exemptions. As of now, an individual’s contribution of up to Rs 50,000 to the National Pension System (NPS) ...

'Don't think world can afford cryptomania', says RBI Guv Shaktikanta Das ‘I don’t think the world or emerging markets can take a cryptomania like the Tulipmania, said the RBI Governor at Mint’s BFSI Summit

Cybersecurity threat to banking system a major challenge: RBI Governor Regulator has dedicated team to check IT systems of banks and NBFCs, says Shaktikanta Das