Finance News

Despite heavy supply, debt cost slips marginally for states to 7.32% Despite larger than notified supplies, the average cost for the states that hit the market on Tuesday will be less in terms of coupons, which slipped by 3 bps to 7.32 per cent. Twelve states have raised Rs 17,300 crore through state government securities in the auction ...

RBI not to remove its finger from repo rate pause button: Experts The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may not remove its finger from the repo rate pause button it had hit in April 2023, said experts there by ruling out the possibility of a rate reduction. “It is unlikely that the RBI will ...

Increase Investment on Data Streaming Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey India Inc’s yearly outlook ‘most cautious in a decade’: PwC survey Budget 2023: What is the Economic Survey? All you need to know about it Rs 7.3 trn debt settled before initiating insolvency: Economic Survey Economic Survey flags concerns on Crypto, pushes ...

Can you avoid 20% Tax collection at Source if you book foreign tours with a credit card? The holiday season is here and people are fretting about booking their foreign trips because if you are purchasing an overseas tour package from a travel agent in India, you will have to pay a  tax collected at source (TCS) of 20 per ...

Course5 Intelligence announces second close of $53 million funding round Course5 Intelligence, an analytics and AI solutions company, on Tuesday announced today the second close of its funding round at $53 million, led by Nuvama Asset Management. The round also saw participation from Carnelian Asset Advisors. This funding follows the first close led by 360 ONE Asset Management, formerly ...

Microfinance grows by nearly 10 times in 10 years to cross Rs 5 trn mark Microfinance in India has a long history. Since the turn of this century, it has been expanding rapidly as a viable financial services business because of the influx of Microfinance NBFCs, growth of the self-help groups (SHG) business by Public Sector Banks, and under ...

How to claim HRA if you are living with your parents If you have opted for the old tax regime this financial year, and are currently living in your parents house, you can still claim house rent allowance and save on taxes without violating any laws. HRA or house rent allowance is the most common allowance received by the ...

Centre directs banks to ensure nominees for all accounts and lockers RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement RBI to come out with centralised web portal to search unclaimed deposits MPC lowers projection for inflation, raises growth outlook a ...

How to book train insurance for less than a rupee, claim up to Rs 10 lakh The tragic train accident in Odisha has once again brought to light the importance of travel insurance, safety and financial protection of rail passengers. While Railway Minister Ashwini Vaishnaw has announced an ex gratia payment of Rs 10 lakh in case of death, ...

IRCTC's 0.35 paise travel insurance for accidents: All you need to know While booking train tickets on the IRCTC website or app, travellers have the option to avail themselves of travel insurance for a premium of just 35 paise