Finance News

Bond traders pin hopes on dovish RBI pivot to extend Budget rally Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June

RBI likely to hold rates until mid-year, first cut in Q3 2024: Poll A few weeks ago, RBI chief Shaktikanta Das expressed confidence current monetary policy could bring inflation back to its 4% medium-term target

I-T dept will erase petty tax demands on its own, says CBDT chairman The income tax department will “erase” petty tax demands pending against about 80 lakh taxpayers on its own and issue a “speaking order” explaining the process to be followed, CBDT chairman Nitin Gupta said Friday, a day after the measure was proposed in the interim Budget. Union ...

Monthly GST mop-up from online gaming companies jump 400% since Oct 1 Monthly GST collections from online gaming companies have jumped over 400 per cent to about Rs 1,200 crore since October 1 when the 28 per cent levy on e-gaming platforms has come into effect, a senior official said on Friday. The GST Council had in August last year ...

CBDT notifies income tax return forms for assessment year 2024-25 The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively

Fund pick: Kotak Bond Short Term Plan Fund pick of Kotak Bond Short Term Plan

Rupee appreciates 9 paise to 82.95 against US dollar ahead of Budget The rupee appreciated 9 paise to 82.95 against the US dollar in early trade on Thursday as market participants remained cautious ahead of the interim Budget. Forex traders said the rupee was trading in a narrow range as the strength of the American currency in the overseas market ...

Explained: How RBI ban on Paytm impacts you and your finances from 1 March The fintech company has been barred from accepting fresh deposits and carrying out credit transactions for consistently flouting RBI guidelines

UPI transactions reach a record Rs 18.41 trillion in January: NPCI data According to data shared by the National Payments Corporation of India (NPCI), January numbers were 52 per cent higher in volume compared to the same month last financial year

10-year govt bond yield could drop to 6.75% later in 2024: ICICI Bank “We feel that beyond the middle of this calendar year, by the July-September quarter, we could see the benchmark bond yield touching at least 6.75% if not lower,” said B. Prasanna