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43 Key Highlights of Finance Minister Smt. Nirmala Sitharaman press conference dated 26.03.2020 1. Government to contribute 12% from the employee and employer side to the PF, for firms having less than 100 employees. Government will contribute 12% from the employer side and 12% from the employee side to PF accounts. This for those firms […]
With the increase in Covid-19 pandemic, Hon’ble Prime Minister Sh. Narendra Modi has announced a complete nation-wide lockdown for 21 days beginning from mid-night of 24th the March 2020. It can be evidently seen that public has strain of Covid-19 on the one hand and anxiety of economic slowdown on the other hand. Amidst all […]
TOP 30 KEY HIGHLIGHTS OF ANNOUNCEMENTS FROM FM PRESS MEET DATED 24.03.2020 1. Invest India Business Immunity Platform launched to helping businesses withstand COVID-19 Invest India, India’s national Investment Promotion & Facilitation Agency, under the Ministry of Commerce and Industry has launched The Invest India Business Immunity Platform. The Business Immunity Platform (BIP) is the […]
A personal loan is one of the most popular financing options for an emergency. You can avail a personal loan and use the funds for any purpose. It is an unsecured loan, and this is the reason for personal loan interest rates being higher than other loan interest rates. With the growth in technology, it […]
Reminders for Companies/Management Related to year end Tax Compliances With the financial year (2019-20) approaching an end, each business has accelerated its tax compliances. Amidst this hassle, here are some key pointers that every business/management must keep in mind prior to closing their financial year: 1. TDS Deduction as per ‘Year End Provisions’ – There […]
It is indeed heartening to see that realizing the gravity of the situation created by the exponential spread of Carona Virus, you have addressed the nation to remain alive to the danger and have suggested several measures in your address on 19.03.2020. Among other resolves you have also asked the business community to take a […]
With a view to provide some degree of relief to the borrowers whose operations are impacted by Covid 19, it is decided by the Bank to make available additional credit facilities to the eligible existing borrowers by way of ad-hoc facilities i.e COVID 19 EMERGENCY CREDIT LINE (CECL) to tide over the current crisis situation. CECL will be in force upto 30.06.2020.
Introduction Which is the best insurance policy in order to take maximum benefits before you turn 30 years Which Life Insurance Policy Should You Take When You Turn 30: When you are in your 30s, it can be a great time to buy life insurance. You’re at an age where, if you’re in good health, […]
The recent fall of PMC Bank and the mighty YES Bank has sent shivers across the spine of many Deposit Holders of the bank. The depositors have started staring at their deposits in the entire banking system with suspicion. They are facing the prospects of BAIL-IN which, in extreme conditions can wipe out their money lying in the Banks.
In wake of the significantly higher level of market rumours and speculation around Induslnd Bank stock, we would like to reiterate that the Bank is financially strong, well-capitalized, profitable, and a growing entity with strong governance.