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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

Latest Articles


Understanding Wills in India: Key Legal Aspects & FAQs

Finance : Learn the essentials of making a Will in India, its requirements, revocability, and types. Get answers to common questions and und...

November 11, 2024 48 Views 0 comment Print

Sustainable Development in India: Legal Framework, Policies & Challenges

Finance : A look at India's sustainable development efforts, focusing on legal frameworks, policies, environmental laws, and the challenges ...

November 11, 2024 33 Views 0 comment Print

U S Federal reserve – Innovations in financial system, 2024

Finance : Insights from the US Federal Reserve’s approach to financial innovations, regulatory frameworks, and new technologies like DLT i...

November 11, 2024 144 Views 0 comment Print

NBFC FD Rates: A Comparative Overview

Finance : In today's financial landscape, investors in India are on the lookout for ways to make their money work harder. One option that's ...

November 11, 2024 135 Views 0 comment Print

Jaishankar Asserts India’s Strategic Autonomy Ahead of BRICS Summit in Russia

Finance : India declines BRICS currency plans, favors USD for stability. Jaishankar highlights concerns over Chinese dominance and financial...

November 8, 2024 297 Views 0 comment Print


Latest News


Draft Principles to Mitigate Risk of Greenwashing in ESG Debt Securities In IFSC

Finance : IFSCA addresses greenwashing risks in ESG-labelled debt securities through proposed principles and frameworks to enhance sustainab...

October 6, 2024 195 Views 0 comment Print

IFSCA Guidelines on Cyber Security for Regulated Entities

Finance : IFSCA seeks stakeholder feedback on guidelines for cybersecurity and resilience for entities in GIFT IFSC, enhancing regulatory st...

September 28, 2024 354 Views 0 comment Print

IFSCA Incentivizes ESG Fund Filing at GIFT IFSC

Finance : IFSCA offers incentives for FMEs to establish ESG funds at GIFT IFSC, waiving fees for the first ten filings to promote sustainabl...

September 27, 2024 219 Views 0 comment Print

Caution to Public – Dealing with unregistered Broker Dealers in IFSC

Finance : IFSCA warns the public about unregistered Broker Dealers in GIFT-IFSC offering high returns. Verify registration before making inv...

September 20, 2024 249 Views 0 comment Print

DFS Advances Digital Payments in India and Globally

Finance : Digital payments in India surged to 18,737 crore transactions in FY 2023-24, with UPI expanding to seven countries, enhancing fina...

September 20, 2024 153 Views 0 comment Print


Latest Judiciary


Petition contesting musician service within section 65B(44) of Finance Act dismissed: Madras HC

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...

October 18, 2024 171 Views 0 comment Print

Gauhati HC Orders Refund to KEC International with Interest

Finance : Gauhati High Court directs refund of Rs. 37.87 lakh to KEC International along with statutory interest, rejecting claims of lost f...

September 18, 2024 2091 Views 0 comment Print

Unstamped Arbitration Agreements Lack Legal Validity and May Be Impounded

Finance : In present facts of the case, the Hon’ble High Court have given observations on the issue of unstamped arbitration agreement. It...

September 11, 2023 1044 Views 0 comment Print

Bank not liable for money that was fraudulently transferred: UK SC

Finance : Reviewing the landmark UK Supreme Court decision in Barclays Bank UK PLC vs Philipp case. Analysing its global implications on ban...

July 14, 2023 1296 Views 0 comment Print

Merely filing of chargesheet cannot defeat grant of default bail u/s 167(2) of Cr. P.C.

Finance : Delhi High Court held that if the investigation is not completed then merely because the report has been filed, the right of statu...

June 17, 2023 11505 Views 0 comment Print


Latest Notifications


Clarification on Regularization of National Small Savings Schemes Accounts

Finance : Clarifications on SB Order 05A/2024 regarding the regularization of accounts opened in deviation from National Small Savings Schem...

November 12, 2024 18 Views 0 comment Print

NPCI Guidelines on Cash Retraction in ATMs to Prevent Fraud

Finance : NPCI advises on ATM cash retraction to prevent shutter overlay frauds, following RBI guidelines. Banks to implement risk measures ...

November 8, 2024 216 Views 0 comment Print

IFSCA (Market Infrastructure Institutions) (Amendment) Regulations, 2024

Finance : IFSC Authority updates Market Infrastructure Institutions Regulations, 2024, enhancing governance, key personnel roles, and tradin...

November 6, 2024 207 Views 0 comment Print

Framework for ESG Ratings and Data Products Providers in the IFSC

Finance : Guidelines for entities providing ESG Ratings and Data in IFSC, covering registration, governance, conflict management, and mandat...

November 4, 2024 129 Views 0 comment Print

IFSCA Amendment to Aircraft Lease Framework for Indian Residents

Finance : IFSCA amends the Aircraft Lease Framework for transactions with Indian residents, effective immediately. Details on requirements a...

October 30, 2024 327 Views 0 comment Print


Recycle Bin for Tally 7.2 and Tally 9

September 10, 2007 1895 Views 0 comment Print

Recycle Bin for Tally 7.2 and Tally 9 Enables you to retrieve Voucher entries that you may have accidentally deleted in Tally. It is similar to the Windows recycle-bin and works with Tally 7.2 and Tally 9. The ZIP file contains a readme.txt file which contains steps for configuring Tally.ini in order to use RBIN.TCP file.

Employing muscle power to recover vehicle loans cannot be permitted

September 7, 2007 885 Views 0 comment Print

Employing muscle power to recover vehicle loans cannot be permitted in a civilised society where there is effective rule of law – procedure of law may be slow, but that is no excuse for use of force: National Consumer Commission. It is well known that the private banks use muscle power to recover loans. The National Consumer Redressal Commission in a recent order came down heavily on such barbaric methods of collection. What more, the Commission held that even the hire purchase agreement is ab initio void.

Acceptance of audit & Code of conduct

September 7, 2007 955 Views 0 comment Print

An auditor is precluded from making inquiries and sending feelers to appoint him as the auditor. The proposal should come from the client and should not be initiated by the auditor. Several professional and legal requirements are to be considered while accepting a new audit. Code of conduct, auditing and assurance standards, the Indian Contract Act and the Companies Act contain legal provisions about the appointment and acceptance of an audit.

Labour Act change to allow women on night shifts

September 1, 2007 306 Views 0 comment Print

Making things easier for the business process outsourcing (BPO) units, other call centres and the manufacturing sector, the government is likely to amend Section 66 of the Factories Act, 1948 to enable these entities to put women on night shifts, particularly between 7 pm and 6 am, which is otherwise prohibited under the Act.

SC JUDGEMENT-Recovery of Debts Due to Banks and Financial Institutions

August 23, 2007 15757 Views 0 comment Print

Section 1 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 – Applicability of Act – Whether co-operative banks established under Maharashtra Co-operative Societies Act, 1960, Andhra Pradesh Co-operative Societies Act, 1964 and Multi-State Co-operative Societies Act, 2002, transacting business of banking, do not fall within meaning of ‘banking company’ as defined in section 5(c) of Banking Regulation Act, 1949 and, therefore, provisions of Recovery of Debts Due to Banks and Financial Institutions Act, 1993, by invoking doctrine of incorporation, are not applicable to recovery of dues by such co-operative banks from their members – Held, yes

Privacy Policy for www.taxguru.in

August 22, 2007 541 Views 0 comment Print

If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at [email protected]. At www.taxguru.in, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by www.taxguru.in and how it is used.

High Court Defines Books of Account in Tax Law

August 15, 2007 41118 Views 0 comment Print

The Madras High Court clarifies that P&L accounts and balance sheets are not considered books of account under the Income Tax Act, impacting tax compliance.

Post Office Monthly Income Scheme limits increased

August 9, 2007 2590 Views 0 comment Print

These rules may be called the Post Office (Monthly Income Accounts) Amendment) Rules, 2007. (2) They shall come into force on the date of their publication in the Official Gazette.2. 2. In the Post Office (Monthly Income Account) Rules, 1987,—(i) in rule 4, for the words “three lakh” and “six lakh”, the words “four lakh fifty thousand” and “nine lakh” respectively shall be substituted;

Interpretation of Accounting Standard's issued by ICAI

July 31, 2007 25401 Views 0 comment Print

Chapter III of the Income-tax Act, 1961 (hereinafter referred to as the ‘Act’) deals with incomes which do not form part of total income. Sections 10A and 10B of the Act are covered under Chapter III. These sections allow certain deductions, for certain years, from the total income of an assessee. These deductions are commonly described as ‘tax holiday’ and the period during which these deductions are available is commonly described as ‘tax holiday period’.

How to be Successful in Interviews

July 28, 2007 426 Views 0 comment Print

It is almost impossible to receive a job offer without first attending an interview of some sort, and who would want to take a job without first meeting their boss and perhaps a few colleagues? The secret of a successful interview lies in preparation, so it’s worth spending a little time doing your homework to make it a positive, useful experience. Good employers understand the pitfalls of interviewing, such as the tendency of people to recruit in their own image, but the process is slowly becoming more structured, sophisticated and balanced. Indeed, in some sectors the humble interview has been practically elevated to an art form, such as the travel or hospitality industries, in order to better assess applicants.

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