5 reasons Blue Star is this week’s stock pick [ad_1] Helped by strong operational performance, higher other income and lower tax, air-conditioning and commercial refrigeration company Blue Star reported robust numbers in the first quarter of 2022-23. The revenue grew 87.3% y-o-y to Rs.1,970.3 crore whereas EBITDA and PAT jumped over 2.9 times and 5.2 times y-o-y to Rs.123.3 crore ...
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digital loans: Borrowers must be allowed to exit digital loans sans penalty in initial look-up period: RBI
digital loans: Borrowers must be allowed to exit digital loans sans penalty in initial look-up period: RBI [ad_1] The Reserve Bank of India (RBI) recently issued regulatory framework to ensure orderly growth of credit delivery through digital lending entities. The framework was firmed up based on the inputs received from the working group on “Digital Lending including Lending through Online ...
Read More »SBI FD interest rate: SBI hikes FD interest rates by up to 15 bps for these tenures
SBI FD interest rate: SBI hikes FD interest rates by up to 15 bps for these tenures [ad_1] The State Bank of India (SBI) has increased the interest rates on select fixed deposit (FD) tenures by up to 15 bps. According to the bank’s website, the increased rates are effective from August 13, 2022, and are applicable for FDs worth ...
Read More »Taxman disallows Rs 4.5L TDS, irks ITAT
Taxman disallows Rs 4.5L TDS, irks ITAT [ad_1] (This story originally appeared in on Aug 13, 2022) Mumbai: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has come down heavily on the I-T department for its failure to take cognisance of a tax deducted at source (TDS). The TDS was on professional income earned by a taxpayer and, ...
Read More »Atal Pension Yojana scheme to close for income tax payers from October 1
Atal Pension Yojana scheme to close for income tax payers from October 1 [ad_1] From October 1, income tax payers won’t be able to sign up for the government’s Atal Pension Yojana (APY) social security program. The goal, according to the finance ministry, is to better focus pension benefits to disadvantaged demographic groups. According to the notification, ““Provided that from ...
Read More »Axis bank interest rate: Axis Bank hikes FD interest rate; Earn up to 6% on this tenure
Axis bank interest rate: Axis Bank hikes FD interest rate; Earn up to 6% on this tenure [ad_1] Axis Bank has increased fixed deposit (FD) interest rates for certain tenures (for amounts less than Rs 2 crore), with effect from August 11, 2022. increased its fixed deposit interest rate by 45 basis points from 5.60 percent to 6.05 percent for ...
Read More »Bank of Baroda, Union Bank of India hike interest rates on loans
Bank of Baroda, Union Bank of India hike interest rates on loans [ad_1] and have joined the bandwagon in raising their marginal costs of funds-based lending rates (MCLR) on loans after the Reserve Bank of India hiked the repo rate by 50 basis points in its August monetary policy meeting. Bank of Baroda Bank of Baroda raised marginal cost of ...
Read More »NPS voluntary contributions via D Remit can now be done via UPI
NPS voluntary contributions via D Remit can now be done via UPI [ad_1] National Pension System subscribers currently deposit their voluntary contributions under D-Remit into their NPS Tier I/II accounts from their bank savings account’s net banking channel by using IMPS/NEFT/RTGS. The Pension Fund Regulatory and Development Authority (PFRDA) has now enabled deposit of such contributions through UPI to further ...
Read More »What are the different forms of Aadhaar?
What are the different forms of Aadhaar? [ad_1] In order to make Aadhaar more convenient for residents, the Unique Identification Authority of India (UIDAI) has regularly developed other formats of Aadhaar. What is Aadhaar Aadhaar is a verifiable 12-digit identification number issued by UIDAI to residents of India. According to the UIDAI website, below are the valid Aadhaar formats which ...
Read More »National Pension System: 4 ways to check NPS balance
National Pension System: 4 ways to check NPS balance [ad_1] The National Pension System (NPS) was created by the government as a retirement planning program for people who will not get a stable pension after they retire. To maintain an NPS account, one must make a minimum annual contribution of Rs 6,000 till retirement. Your NPS account balance depends on ...
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