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Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy The government is expecting to get financial bids for IDBI Bank’s strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation’s ...

budget 2023: Here’s how Budget 2023 may change LTCG, STCG on stocks, mutual funds, gold and property [ad_1] In simple terms, any profits or gains arising from sale/ transfer of a capital asset is termed as income under the head ‘capital gains’. Under the Income-tax Act, 1961, a capital asset includes movable assets such as jewellery, archaeological collections and drawings, ...

Aadhaar seeding for Atal Pension Yojana (APY) subscribers using CRA portal, mobile: Important features, how to use [ad_1] For the advantage of subscribers, the Pension Fund Regulatory and Development Authority (PFRDA) now offers Aadhaar sending for Atal Pension Yojana (APY) subscribers through the CRA portal and the NPS mobile app “APY and NPS Lite”. According to a PFRDA circular dated ...

Rupee gains 13 paise to 81.61 against US dollar as crude prices ease The rupee rose 13 paise to 81.61 against the US dollar in early trade on Wednesday supported by easing crude oil prices. Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias. ...

NRE/NRO accounts with international mobile numbers can now use UPI The National Payments Corporation of India (NPCI) has instructed members of the Unified Payments Interface (UPI) ecosystem to allow non-resident account types such as non-resident external (NRE)/ non-resident ordinary (NRO) accounts having international mobile numbers to get onboarded and transact through UPI. This is subject ...

Rupee closes at 81.78 against dollar; biggest single-day gain since Nov The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November. Forex traders said the rupee was the best performer among Asian currencies and now has the support of 81.70. At the ...

bonds: Why this is the right time to buy bonds [ad_1] It’s Mar ’21 and stock markets across the world corrected by over 15% as the uncertainty from COVID caused investors to panic in the face of economic uncertainty. Fast-forward just one year and the same stock markets not only recovered losses but hit all-time highs. While quick access to ...

Axis Bank complies with IRDAI order; to buy more 7% stake in Max Fin Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in Max Life Insurance at fair market value using discounted cash flow method. The revision in agreement ...

Employee Resignation: What employees lose when forced to resign instead of being fired by employer [ad_1] Labour laws in post-independent India have sought to strike a balance between the rights of employees and those of employers, while acknowledging the fact that employers usually have the upper hand in terms of bargaining power. One such seminal piece of legislation is the ...

Bank of Maharashtra employees’ union for term deposit rate hike At a time when banks are aggressively raising interest rates on term deposits due to widening gap between credit and deposit growth, the interest rate differential on the maximum rate by Bank of Maharashtra and other public sector lenders is about 75 basis points (bps). ...