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 : Learn the essentials of making a Will in India, its requirements, revocability, and types. Get answers to common questions and und...
Finance : A look at India's sustainable development efforts, focusing on legal frameworks, policies, environmental laws, and the challenges ...
Finance : Insights from the US Federal Reserve’s approach to financial innovations, regulatory frameworks, and new technologies like DLT i...
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 ...
Finance : India declines BRICS currency plans, favors USD for stability. Jaishankar highlights concerns over Chinese dominance and financial...
Finance : IFSCA addresses greenwashing risks in ESG-labelled debt securities through proposed principles and frameworks to enhance sustainab...
Finance : IFSCA seeks stakeholder feedback on guidelines for cybersecurity and resilience for entities in GIFT IFSC, enhancing regulatory st...
Finance : IFSCA offers incentives for FMEs to establish ESG funds at GIFT IFSC, waiving fees for the first ten filings to promote sustainabl...
Finance : IFSCA warns the public about unregistered Broker Dealers in GIFT-IFSC offering high returns. Verify registration before making inv...
Finance : Digital payments in India surged to 18,737 crore transactions in FY 2023-24, with UPI expanding to seven countries, enhancing fina...
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 : Delhi High Court held that if the investigation is not completed then merely because the report has been filed, the right of statu...
Finance : Clarifications on SB Order 05A/2024 regarding the regularization of accounts opened in deviation from National Small Savings Schem...
Finance : NPCI advises on ATM cash retraction to prevent shutter overlay frauds, following RBI guidelines. Banks to implement risk measures ...
Finance : IFSC Authority updates Market Infrastructure Institutions Regulations, 2024, enhancing governance, key personnel roles, and tradin...
Finance : Guidelines for entities providing ESG Ratings and Data in IFSC, covering registration, governance, conflict management, and mandat...
Finance : IFSCA amends the Aircraft Lease Framework for transactions with Indian residents, effective immediately. Details on requirements a...
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 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.
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.
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.
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
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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.
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;
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’.
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.