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MPC minutes suggest further repo rate hikes to tackle rising inflation The minutes of the monetary policy committee (MPC) deliberation for the August monetary policy review indicated more interest rate hikes in the coming months as the retail inflation remained elevated, even as panel members noted that it may have peaked. The six-member monetary policy committee of ...

I-T dept allows taxpayers more time to claim credit for taxes paid abroad The income tax department on Friday said taxpayers can claim credit for taxes paid outside India before the end of the assessment year if the I-T return is filed within the stipulated deadline. So far, Foreign Tax Credit (FTC) could have been claimed only ...

Foreign exchange reserves decline to $570 bn on back of decline in FCA The country’s foreign exchange reserves fell USD 2.238 billion to USD 570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous week ended August 5, the foreign exchange reserves declined USD 897 million to ...

Property: Can a property transferred via gift deed be taken back by the giver? [ad_1] Usually, there are two ways to give away your property or other assets to loved ones – via a will or a gift deed. While the will comes into effect after your death, giving away property via gift deed happens during your lifetime. Can a ...

Sebi urges intermediaries to join accounts aggregator framework The Securities and Exchange Board of India (Sebi) has directed stock market intermediaries such as asset management companies (AMCs) and depositories to join the account aggregator framework introduced by the Reserve Bank of India (RBI). The market regulator also set rules that will specifically be applicable to players in ...

Rent Agreement: Why rent agreements are mostly made for 11 months only? [ad_1] To live on rent tenants have to enter into a rent agreement with the landlord for a specified time. The most common period used by a good number of landlords is typically 11 months. Have you ever wondered why such rent agreements are for 11 months only? ...

Sebi moves to safeguard demat accounts through block mechanism Market regulator, Securities and Exchange Board of India (Sebi), has announced fresh steps to safeguard investors’ demat accounts. The regulator has said that the so-called block mechanism will become mandatory for all early pay-in transactions with effect from November 14. The early pay of securities is used by traders to ...

ICICI Bank FD Interest Rates: ICICI Bank hikes FD interest rates by up to 40 bps [ad_1] Following the rate hike trend, ICICI Bank also has hiked fixed deposit (FD) interest rates for amounts below Rs 2 crore on select tenors by up to 40 basis points. The new rates are effective from August 19, 2022. will now offer interest ...

Is moving to a new city worth the effort? [ad_1] New friends, new world Moving is easy if we are open to embracing newer people into our fold. New friends open new worlds to us and bring out aspects of our own personalities that we didn’t know existed. Those who cannot give up the comfort of familiarity in food, language, ...

Should you buy 14-carat gold jewellery? [ad_1] Easy buying Another advantage of this price range is that it makes it easier for many people to buy such jewellery online, even on platforms like Amazon and Flipkart, as compared to more expensive ornaments. While most of the popular brands in this segment—Mia, Candere and Caratlane— offer a return policy, buyers should ...