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 ...

Woman can be ‘karta’ of HUF [ad_1] (This story originally appeared in on Dec 09, 2023) NEW DELHI: In a significant ruling, Delhi High Court has said that a woman can be the “karta” (head) of a Hindu Undivided Family (HUF). The ruling upheld a landmark verdict by a single judge in 2016 that had extended the meaning of Section ...

Need to move towards data-based lending: Financial Services Secretary Financial Services Secretary Vivek Joshi on Friday outlined the vision for 2047 and said financial institutions must move towards data-based lending, instead of judgement-based lending, in the medium-term. He said global Indian banks with a footprint across continents hold immense significance for Indian prowess and international influence as these serve as ...

PM Modi asks investors to explore limitless potential of Uttarakhand Prime Minister Narendra Modi on Friday asked investors to explore Uttarakhand’s limitless potential in various sectors and convert them into opportunities. He was addressing a gathering after inaugurating the Uttarakhand Global Investors Summit at the Forest Research Institute here. Uttarakhand is a combination of divinity and development, the Prime Minister ...