Rupee appreciates one paisa to 83.36 against US dollar in early trade The rupee rose 1 paisa to 83.36 against the US dollar in early trade on Tuesday amid foreign fund inflow and softening of the American currency against its major rivals. According to forex traders, positive cues from the domestic equity market also boosted investors’ sentiment while the upward ...

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

Automatic payment limit through UPI raised to Rs 1 lakh, says RBI The Reserve Bank of India on Tuesday increased the limit for automatic payments through UPI to Rs 1 lakh per transaction from the existing Rs 15,000 for certain categories, including subscription to mutual funds. As of now, relaxation in Additional Factor of Authentication (AFA) is permitted while processing ...

FACE-member fintechs disburse Rs 31,692 crore in Q2FY24, says report These companies disbursed around 24.4 million loans in Q2 FY24, marking a 39 per cent Y-o-Y growth in volume from 17.5 million loans in Q2 FY23

RBI cautions states with over 4% fiscal deficit, urges tax reforms Returning to old pension scheme would put substantial burden on finances, it says

RBI cautions against misleading advertisements on loan waiver offers The Reserve Bank on Monday cautioned public not to fall prey to misleading advertisements related to loan waiver offers in print media as well as on social media platforms. In a statement, the RBI said it has noticed certain misleading advertisements enticing borrowers by offering loan waivers. These entities, it said, ...

Over 679,500 central govt pensioners as of Mar 2023: Finance Minsitry There are over 67.95 lakh central government pensioners, including defence pensioners, as of March 31, 2023, the finance ministry said on Monday. As per the data compiled and furnished by Department of Pension and Pensioners’ Welfare on the basis of database maintained by Central Pension Accounting Office, Controller General ...

Input tax refunds under GST: 'HC's IndianOil ruling to benefit all firms' The court has instructed the authorities to process the input tax refund sought by IndianOil despite the tax rate on its principal input and principal output being the same

NRI re-entry roadmap: 7 smart financial tips for homecoming [ad_1] Welcome back to your homeland! As a foreign-return NRI, the transition back to India can be a life-altering move. As you embark on this new journey, it’s essential to ensure a smooth financial transition as well. Whether you are planning to settle permanently or temporarily, navigating the financial landscape requires ...

Forex reserves surpass $600-billion mark after nearly four months India’s foreign exchange reserves increased to USD 604 billion as on December 1, surpassing the USD 600 billion mark after a gap of about four months. The forex reserves were last above the USD 600 billion mark on August 11 this year. “India’s foreign exchange reserves stood at USD 604 billion ...