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Fund pick: HDFC TaxSaver Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: Axis Long Term Equity Fund Comfort and security: what does it take to set up a smart home Your credit card payments overseas ...

RBI dividends to Centre may double due to gains, aiding fiscal gap By Anup Roy and Tomoko Sato The Reserve Bank of India board may decide to nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, which could help bridge the fiscal deficit.    A Bloomberg survey of nine ...

Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara State Bank of India (SBI) is well equipped to comply with the expected credit loss (ECL) framework, without impacting its balance sheet, Chairman Dinesh Kumar Khara said while announcing the bank’s January-March earnings on Thursday. In January, the Reserve Bank of India (RBI) released a discussion paper on the ...

Changes in FEMA rules to bring parity in treatment of overseas spending The finance ministry on Thursday said the changes in FEMA rules, which brings overseas international credit card spending under RBI’s liberalised remittance scheme (LRS), are intended to bring in parity in tax treatment of remittances using debit and credit cards. The ministry said since credit card ...

Paytm partners with SBI Card, NPCI to launch co-branded RuPay credit cards Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of ...

Paytm partners with SBI Card and NPCI to launch Paytm SBI Card on RuPay Top card cos to go live with UPI-linked RuPay credit card feature by June HDFC Bank goes live on ‘Rupay Credit on UPI’ feature for customers PAN-Aadhaar link status: Are your cards already linked? Learn how to check ICICI Bank to offer EMI facility for UPI ...

Travelling abroad? Limit personal expenses to $250K on intnl credit cards What is credit score? Why is it important? Your credit card payments overseas will attract a 20% TCS from July 1 HDFC Bank revises credit card rewards points programme for customers Why is demand for private credit on the rise? Top card cos to go live with UPI-linked RuPay ...

Your credit card payments overseas will attract a 20% TCS from July 1 From July 1, your credit card transactions abroad will get costlier. Not only will you have to pay a higher tax collected at source (TCS) of 20 per cent on each of these transactions, but you will also have to limit the spending to under $250,000 in ...

DPIIT takes up startup taxation issue with finance ministry: Secretary The Department for Promotion of Industry and Internal Trade (DPIIT) has taken up the taxation issue of startups with the finance ministry, a top government official has said. “Startup India does provide such policy advocacy, particularly on the taxation issue. We have been taking that particular issue that ...

Credit card expenditure in forex to come under RBI’s remittance scheme Spending in foreign exchange through international credit cards will be covered under the RBI’s liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum without the authorisation of the Reserve Bank, as per a Finance Ministry ...