Financial News India: Read all the latest finance news on credit card, online payment, bank loan interest rate, scams, GDP growth Inflation, Saving schemes, PPF, NSC, KVP Bank, FD calculators ULIP IIP numbers
Finance : MEXC, a leading global cryptocurrency exchange, has significantly bolstered its reserve holdings, reporting an increase of approxi...
Finance : India's new Electronics Components Manufacturing Scheme supports local production with incentives, aiming to reduce reliance on im...
Finance : GST registration allows business entities to legally collect tax from customers as well as claim input tax credits on their procur...
Finance : Learn about fixed and floating home loan interest rates. Know how each affects your monthly payments, loan tenure, and overall cos...
Finance : Owning a home is a dream for many, but a home loan is a long-term financial commitment that can span several years. Given rising l...
Finance : IFSCA proposes a framework for transition bonds to support decarbonization in high-emission industries. Public feedback open until...
Finance : Indian stock market witnessed a ₹74 lakh crore loss since Oct 2024. No plans to abolish LTCG tax; reforms made in Budget 2024-25...
Finance : IFSCA's 23rd meeting approved new regulations for capital market intermediaries, KYC agencies, and fund management, promoting tran...
Finance : IFSCA forms Standing Committee on Insurance to enhance GIFT-IFSC’s insurance ecosystem. Focuses on regulation, stakeholder engag...
Finance : Overview of IFSC Authority's 2024 regulations on factoring, registration of receivables, and compliance requirements for financial...
Finance : Calcutta High Court held that provisions of sub-section (5) section 245C of Income Tax Act is effective only from 1st February 202...
Finance : Madras High Court in the case of coverage of musician service within the meaning of section 65B(44) of the Finance Act dismissed t...
Finance : Gauhati High Court directs refund of Rs. 37.87 lakh to KEC International along with statutory interest, rejecting claims of lost f...
Finance : In present facts of the case, the Hon’ble High Court have given observations on the issue of unstamped arbitration agreement. It...
Finance : Reviewing the landmark UK Supreme Court decision in Barclays Bank UK PLC vs Philipp case. Analysing its global implications on ban...
Finance : IFSCA clarifies and amends fee rules for IFSC entities, including FMEs, PSPs, PSOs, and Finance Companies. Details on application,...
Finance : IFSCA clarifies customer due diligence for vault managers in IFSC and outlines requirements for maintaining bullion supply chain i...
Finance : IFSCA notifies the Capital Market Intermediaries Regulations 2025 for entities operating in IFSCs, covering registration, obligati...
Finance : IFSCA updates Ancillary Services Framework to broaden trusteeship services, including for FMEs and retail schemes, effective immed...
Finance : IFSCA releases regulations for KYC Registration Agencies in IFSC, outlining registration, operational, and compliance requirements...
Workmen’s Compensation (Amendment) act, 2009 – amendment in long title, preamble, section 1, 2, 4, 20, schedule II, insertion of section 25a and Substitution of references to certain expressions by certain other expressions
In the Payment of Gratuity Act, 1972 (39 of 1972) (hereinafter referred to as ‘the principal Act’), in section 2, for clause (e), the following clause shall be substituted, namely:—‘(e) “employee” means any person (other than an apprentice) who is employed for wages, whether the terms of such employment are express or implied, in any kind of work, manual or otherwise, in or in connection with the work of a factory, mine, oilfield, plantation, port, railway company, shop or other establishment to which this Act applies, but does not include any such person who holds a post under the Central Government or a State Government and is governed by any other Act or by any rules providing for payment of gratuity;’.
In every company sales mangers are required to appoint insurance advisors. What are these advisors are? In general the advisors are the ones who will sell the insurance products to the clients. That means they are one type of representatives of the company. But is this the end of the story of their identity. Nope they are much beyond than the ordinary word of Advisors.
ULIP’s are basically long term investment. But despite being Long Term in nature they are Return Maximizing tool. The return is maximized through the well known option provided itself in the ULIP product SWITCHES. Each Ulip comes with a Switch Option giving opportunity to the policy holder to manage his funds and maximize the Returns over the Long term.
The Central Board of Direct taxes and the Institute of Chartered Accountants of India have jointly constituted a study group to identify direct tax issues arising from convergence of Indian Accounting Standards [IAS] with the International Financial Reporting Standards [IFRS].The 1st meeting of the aforesaid Study Group was held on 6th January, 2010 in the head office of the Institute at New Delhi. The meeting was chaired by the President, ICAI.
Power is an essential requirement for all facets of our life and has been recognized as a basic human need. It is the critical infrastructure on which the socio-economic development of the country depends. The growth of the economy and its global competitiveness hinges on the availability of reliable and quality power at competitive rates. The demand of power in India is enormous and is growing steadily.
India is drafting new rules to avail the services of private information technology (IT) firms for a range of government functions such as collecting taxes or issuing birth certificates, allowing transactions to be conducted electronically or through mobile phones, which are more pervasive in the country than computers.
After some time I learnt that he got in a position where he is in a position to bankrupt. On further query I came to know the whole story of his loud voice of animal growling. He was into real estate business and he took two projects where construction was going and had taken a loan from around Rs.5cr and all his money is invested in construction and he is not getting any buyers for his residential flats. He also needed some more funds for the pending works and banks are reluctant to lend further at the same time his flats were not getting sold. He was in a terrible situation at that point of time. I finish the story here without going into further details.
The ice freezing waves of recession had frozen the prospects of Indian industrial growth after September 2008.Indian industries have to cut short production, rescheduling the production, stopped investments in new projects and finally followed the gate of retrenchments. No vacancy was the song being played on the streets of Indian corporate houses.
After a gap of more than a decade, the union Budget may be presented in the Lok Sabha on Saturday which happens to be February 27. “In view of holidays for three consecutive days from February 26 onwards, we can have it (Budget presentation) on February 27,” Parliamentary Affairs Minister Pawan Kumar Bansal told PTI.
