GST to be paid on gold coins, white goods given as incentives, rules AAR Input tax credit can be claimed as such items are not gifts, says Telangana authority

Rupee depreciates 5 paise to 83.18 against US dollar in early trade The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices. Negative equity market sentiment and a strong dollar also weighed on the Indian currency, forex traders said. At the interbank ...

Here are details of new IMPS money transfer rule: How will it work? Users will soon be able to transfer money up to Rs 5 lakh through IMPS by deploying the mobile number and bank account name of the receiver

Health insurance premium drive growth of non-life insurance industry In the first half of financial year 2023, the health insurance segment had registered a growth of 18.92 per cent from the year-ago period

Fund review: SBI Magnum Income Fund Fund review: SBI Magnum Income Fund

Health Policies Beat Motor In Premium [ad_1] Mumbai: Health insurance is growing faster than motor policies after the pandemic. The share of health covers in non-life insurance premium has risen to 38% in September from 33% in March, driven by group policies. Before the pandemic struck, the share of motor insurance was 37%, as against 27% for health insurance. Motor ...

Bank of Baroda suspends employees for jacking up number of app users [ad_1] (This story originally appeared in on Oct 19, 2023) MUMBAI: Bank of Baroda is understood to have suspended over 50 employees across states, including several at the level of assistant general manager, as part of its action against irregularities in onboarding customers onto its mobile banking app ...

RBI's $5 billion USD/INR swap expiry fuels dollar shortage concern The Reserve Bank of India (RBI) had conducted a $5 billion sell/buy dollar/rupee swap last year. Under this swap, the RBI sold $5 billion to banks on April 28, 2022

Large banks preparing for maturity of RBI's $5 billion forex swap The $5 billion dollar/rupee swap that the Reserve Bank of India undertook in April 2022 will mature on Monday, meaning $5 billion can potentially be taken out of the banking system

RBI revises its KYC rules to strengthen money laundering prevention The revised norms clarify the standing of principal officers (PO) in regulated entities (RE) who are responsible for furnishing information