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RBI says ‘banking sector remains resilient, stable’ amid Adani stocks rout Amid concerns over banks’ exposure to the embattled Adani Group, the Reserve Bank on Friday said India’s banking sector is resilient and stable, and the central bank maintains constant vigil on the lenders. Responding to media reports expressing concern about the exposure of Indian ...

India’s forex reserves rise for third straight week, hits 6-month high India’s foreign exchange reserves rose above a six-month high of $576.76 billion in the week through Jan. 27, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. This is the third consecutive week that the country’s reserves have risen. In the week ...

Are you a consultant? Budget has made life less taxing; what is presumptive tax scheme| EconomicTimes [ad_1] Presumptive tax scheme The presumptive tax scheme enables technical consultants, other professionals, like doctors, lawyers, CAs and architects, to offer a certain percentage of their gross receipts as “deemed income” and be absolved of a range of compliance requirements. Image Source: Getty Images ...

Budget 2023 focuses on promoting growth with inclusion: NITI Aayog CEO NITI Aayog CEO Parameswaran Iyer on Friday described the Budget 2023-24 as ‘very comprehensive and balanced’ which will promote growth with inclusion. He also observed that the Budget continues all the reforms and other social welfare programmes undertaken by the government over the past ...

New tax regime 2023: All you need to know [ad_1] New tax regime 2023: All you need to know [ad_2]

FD interest rate up to 7.85%: Banks offering highest 2 year fixed deposit rates [ad_1] Due to its safety and fixed returns, the fixed deposit (FD) is one of the most popular investments among risk averse investors. One of the attractive features of the fixed deposit is its option of different tenure. The minimum and maximum tenure offered for which ...

Revive lapsed LIC policy till March 24, 2023: Know how to check your premium due via WhatsApp [ad_1] An initiative to assist policyholders in reviving expired insurance policies, the Life Insurance Corporation of India (LIC) LIC has undertaken ’Special Revival Campaign’. This campaign, which will run from February 1 to March 24, 2023, is open to policies that have expired ...

1 crore in Rs 5-7 lakh income range set to gain from new tax regime [ad_1] (This story originally appeared in on Feb 03, 2023) NEW DELHI: Close to one crore individuals in the Rs 5-7 lakh income range stand to gain from the government’s decision to increase the rebate level to Rs 7 lakh under the new tax regime, ...

Rupee gains 12 paise to 82.08 against US dollar on easing crude oil prices The rupee gained 12 paise to 82.08 against the US dollar in early trade on Friday supported by easing crude oil prices and a positive trend in domestic equities. Forex traders said significant foreign fund outflows and dollar demand from importers ...

Rupee poised for muted opening on dollar recovery, equity outflows By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open little changed to the U.S. currency on Friday in the wake of the dollar’s recovery and worries over equity outflows. The non-deliverable forwards indicated an opening of around 82.12-82.20 for the ...