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Finance

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


Gold Prices Surge: Impact on India and Investment Choices

Finance : Gold prices hit record highs due to global and local factors. Explore the impact on Indian households, investment strategies, and ...

February 16, 2025 27 Views 0 comment Print

FIIs sell-off in the Indian Market in the year 2024 and their impact!

Finance : In the past year, the Indian Market saw a downturn, and the FIIs sell-off could be a significant factor contributing to this. Letâ...

February 12, 2025 546 Views 0 comment Print

Impact of Managerial Overconfidence on Corporate Investment decisions

Finance : Managerial overconfidence can lead to risky corporate investments. Proper accountability and Board oversight are essential to miti...

February 11, 2025 114 Views 0 comment Print

How Does the Mechanism of Dividends Work in the Indian Stock Market?

Finance : Learn how dividends work in the Indian stock market, including ex-dividend and record dates, types of dividends, stock price impac...

February 11, 2025 381 Views 0 comment Print

Doorstep Banking Services Saving Time for What Matters Most for Your Business

Finance : You know how running a business feels like constantly spinning plates—making decisions, managing operations, keeping clients hap...

February 11, 2025 174 Views 0 comment Print


Latest News


Household Savings and Liabilities in India: 10-Year Trends

Finance : Explore trends in India's household savings, liabilities as a percentage of GDP, and measures for the middle class in the Union Bu...

February 12, 2025 264 Views 0 comment Print

FAQs on IFSCA IBC and OEC Regulations, 2022

Finance : Learn about IFSCA regulations enabling foreign universities to set up branches in GIFT IFSC. Details include eligibility, fees, co...

February 10, 2025 123 Views 0 comment Print

Impact of NSS Interest Rate Reduction On Retirees

Finance : Reduction in NSS interest rates raises concerns for retirees' stability. Govt cites alternative schemes with higher returns and st...

February 6, 2025 60 Views 0 comment Print

ICSI appreciates Budget 2025

Finance : ICSI acknowledges Budget 2025’s focus on economic growth, regulatory reforms, and entrepreneurship, emphasizing its role in shap...

February 2, 2025 297 Views 0 comment Print

Budget 2025-2026: Speech of Nirmala Sitharaman, Minister of Finance

Finance : Get the details of the Budget 2025-2026: Speech of Nirmala Sitharaman, Minister of Finance. Discover the government's efforts to a...

February 1, 2025 681 Views 0 comment Print


Latest Judiciary


Application to Settlement Commission before 01.02.2021 not hit by provision of section 245C(5)

Finance : Calcutta High Court held that provisions of sub-section (5) section 245C of Income Tax Act is effective only from 1st February 202...

January 1, 2025 111 Views 0 comment Print

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 228 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 2193 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 1080 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 1350 Views 0 comment Print


Latest Notifications


IFSCA Issues Corrigendum for Factors Registration Rules

Finance : IFSCA corrects formatting and reference errors in the 2024 Regulations for Registration of Factors and Assignment of Receivables. ...

February 14, 2025 15 Views 0 comment Print

IFSCA Updates Eligibility for Remote Trading Participants on Stock Exchanges

Finance : IFSCA revises eligibility norms for Remote Trading Participants in IFSC stock exchanges, addressing market feedback and modifying ...

February 12, 2025 63 Views 0 comment Print

IFSCA Updates Nodal Officer for WMD & UAPA Compliance

Finance : IFSCA appoints a new Nodal Officer for implementing Section 12A of the WMD Act and Section 51A of the UAPA. Updated circular avail...

February 11, 2025 96 Views 0 comment Print

Liquidity Enhancement Scheme for Bullion Exchange in IFSC

Finance : IFSCA allows Bullion Exchange in IFSC to introduce liquidity enhancement schemes to improve liquidity in commodity derivatives. Le...

February 5, 2025 72 Views 0 comment Print

IFSCA Expands SNRR Account Usage for IFSC Units

Finance : IFSCA circular permits SNRR accounts of IFSC units to handle all business-related transactions under amended FEMA regulations, eff...

January 29, 2025 174 Views 0 comment Print


Internal Audit of Personnel (Staff)

September 26, 2007 960 Views 0 comment Print

Audit Committee Chairperson has indicated to the partner-in-charge of the outsourced firm carrying out internal audit that the coverage of personnel audit would be desirable every six months. Chief Executive Officer and Chief Financial Officer agree with the importance given by Audit Committee Chairperson to Personnel area. They have indicated the importance of this area to the partner-in-charge and also cautioned him that this being a sensitive area, needs to be handled with care. This exercise should be done by experienced persons.

Magnetic Ink Character Recognition (MICR)

September 13, 2007 357 Views 0 comment Print

In MICR technology the information is printed on the instrument with a special type of ink which is made up of magnetic material. On insertion of the instrument in the machine, the printed information is read by the machine. MICR system is beneficial as it minimizes chances of error, clearing of cheques becomes easy and transfer of funds becomes faster in order to facilitate operations. For details of MICR branch codes please click on the link below.

Electronic Funds Transfer (EFT) Meaning , Sysytem , Charges and Benefit

September 13, 2007 2615 Views 0 comment Print

RBI EFT is a Scheme introduced by Reserve Bank of India (RBI) to help banks offering their customers money transfer service from account to account of any bank branch to any other bank branch in places where EFT services are offered.The EFT system presently covers all the branches of the 27 public sector banks and 55 scheduled commercial banks at the 15 centres (viz., Ahmedabad, Bangalore, Bhubneshwar, Kolkata, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kanpur, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthpuram). Funds transfer is possible from any branch of these banks at these centres to other branch of any bank at these centres both inter-city and intra-city.

Recycle Bin for Tally 7.2 and Tally 9

September 10, 2007 1904 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 912 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 991 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 15823 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 544 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 info@taxguru.in. 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 41277 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.

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