Finance

Category - Finance

What is Vishwakarma Kaushal Samman Yojana...

Prime Minister Narendra Modi hoisted the tricolor flag on the ramparts of the Red Fort on the occasion of Independence Day...

Market value of 7 out of top-10 companies fall significantly

In a very interesting scenario, the market cap of 7 out of the top 10 companies of the country have suffered a loss...

Small Investment in PPF can turn you into Crorepati

Although there are many investment instruments available for long term investment...

Govt coffers full, direct tax collection of Rs 6.53 lakh crore till August 10

Here is a good news on the economic front of the country as there has been a record increase in direct tax...

Taxpayers number increasing

After deadline for personal income tax filing in the country ended on 31 July 2023...

Income tax department offering giving jobs

The Income Tax Department these days is looking for young professionals having knowledge about the subjects of their work...

In a first, Income tax department offering jobs

The Income Tax Department these days is looking for young professionals having knowledge about the subjects of their work...

Be careful while replying to Income Tax notice

If any notice from the Income Tax department has landed at your doorstep regarding some clarification...

Festive season of IPO begins before festive season

Even before the arrival of the festive season in the country, a festive atmosphere has already been created in the stock market...

Stock Market: Awaiting Reserve Bank's signal

There may be ups and downs in the stock market this week. According to analysts, next week the first quarter (Q1FY24 i.e. April-June) results of 1800 companies...

ICICI Bank loses Rs 1,033 crore due to Chanda Kochhar's decision- CBI's chart sheet

The charge sheet filed against ICICI Bank's former MD and CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot ...

CTI wants guidelines on levying service charge, writes letter to the FM

Writing a letter to the Finance Minister of India, The Chamber of Trade and Industry (CTI) has demanded...

PMSBY: Get insurance cover of Rs 2 lakhs for only Rs 20

The Central and State Governments often come up with various schemes for the poor and economically weaker sections...

Want to avail loan on mutual funds? Know its advantages and disadvantages

Mutual funds have become very popular in the last few years and for this mutual fund companies have spent a lot of money on its advertising...

Rs 5,729 Cr lying unclaimed in banks, You can claim if it is your's

Usually every one keeps his/her money in the bank to keep it safe...

US Fed Reserve makes loans even more expensive, what will RBI do?

The US central bank, the Federal Reserve, has once again raised the cost of borrowing by hiking interest rates...

Banks writes-off bad loans worth Rs 2.09 lakh crore

A Right to Information (RTI) reply has revealed that different banks have written off bad loans worth over Rs 2.09 lakh crore...

RBI: Star series notes are completely legal

Next time if you find a banknote with a star symbol (*) in the number panel of notes...

Sensex falls to 900 points, investors lose 33k crores

Stock market investors faced another disappointment on Thursday as the stock market closed with a huge fall due to profit taking...

Income tax notice sent to 1 lakh taxpayers: FM

Union Finance Minister Nirmala Sitharaman has said that IT dept has sent 1 lakh notices for non-filing of returns...

Hurry, last date for filing income tax return fast approaching

The last date for filing income tax return for the financial year 2022-23 (Assessment Year 2023-24) is July 31, 2023 fast approaching...

ITR: Declare correct income if investing in Cryptocurrencies

If you have made profits by investing in virtual digital assets like cryptocurrencies or non-fungible tokens in FY 2022-23...

GST Council's decision on online gaming hits industry

The GST Council's decision to impose 28 per cent GST on casino and horse racing has not gone well with the industry...

GST Council 50th Meet Decisions: What is cheap, what is expensive?

The decisions taken in the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman...

Big decision: ED will prosecute GST cheaters

The Central Government has taken a major decision to curb the GST Scam...

Customers can choose the card network while buying a debit-credit card

The Reserve Bank of India has issued a draft circular regarding the norms for issuance of debit, credit and prepaid cards...

Flaws in corporate governance of some banks a matter of concern – RBI

Reserve Bank of India has come to the notice that some banks have tried to hide the actual position of their stressed assets...

SBI receives Rs 2,000 notes worth Rs 14,000 crore

Ever since, RBI has started recalling Rs 2000 notes, the SBI has received Rs 2000 notes worth Rs 14,000 crore as deposit...

Income tax department sent notice to unicorn companies for unaccounted investment

The Income Tax Department has sent notices to dozens of startups, including some leading unicorns...

PPF can shape your child's future too

Public Provident Fund (PPF) is such a government scheme that everyone is eager to open and everyone also recommends it...

Government's plan to give all the covers in a single insurance policy

Insurance sector regulator IRDA is working on bringing out a single policy that will cover health, life and property insurance and if this happens...

Govt gearing up to implement five day working in banks

Till now banks were closed only on the second and fourth Saturdays of the month...

Bad loans fall for the 5th consecutive quarter

With the passage of time, continuous improvement is being seen in the Indian banking sector and it seems that good days are about to come...

Big changes to take place from 1st June

On the first day of every month there are some changes in the country...

What will RBI do with returned 2000 notes?

The Reserve Bank of India has announced the decision to withdraw the Rs 2000 note from circulation and due to this...

Villages outpace cities with 25 percent share in UPI payments

There are very few such opportunities when the village goes ahead of the cities and such is the case when villages have overtaken cities...

3 banks and 2 NBFCs caught red handed by RBI, to pay heavy fine

The Reserve Bank of India has fined 3 banks and 2 NBFCs for violating regulatory norms...

How a note is printed and then phased out

The Reserve Bank had stopped the printing of currency notes worth Rs 2000 a long time ago and now the 2000 rupee notes...

Rural economy getting back on track, demand for business loans goes up

There are some signs showing the Indian economy coming back on track in the rural areas...

RBI continues buying gold, reserves jumps by 79%

You will remember that in 1991, when India did not have foreign currency for imports, India had to pledge 67 tonnes of its gold...

Banks raise Rs 4 lakh crore in 15 days as interest rates on deposits goes up

For the last several months, the gap between the credit and deposits of the banks was increasing...

After Rahul Gandhi's promise of one tax rate, will GST become a big election issue?

Tax Authorities have prepared to send notices to 16 insurance companies as it feels that these 16 insurance companies have not paid tax...

16 insurance companies on tax department's radar

Tax Authorities have prepared to send notices to 16 insurance companies as it feels that these 16 insurance companies have not paid tax...

Direct Tax Collection: Government misses the estimate, up by 17.63 percent

There has been a huge increase in direct tax collection in the financial year 2022-23 and what makes it more interesting...

Two more life insurance companies come in India

Insurance Regulatory and Development Authority (IRDAI) has approved the insurance license of 2 new companies in India...

Major changes to take place from April 1, 2023

The new financial year 2023-24 will start from April 1 and lots of rules will change in this financial year...

SEBI to bring new mechanism to prevent fraud and market abuse

In a meeting on Thursday, the board of market regulator SEBI went through several proposals...

EPFO hikes interest rate by 0.05%, your PF to get 8.15% interest in 2022-23

Here is good news for provident fund account holders, as the Indian government has hiked the interest rate on deposits in PF accounts...

Digital loans worth Rs 22 lakh crore disbursed in one year

India's booming digital lending business is stoking demand for a new breed of startups and the consumer loan culture...

UPI Transactions Over ₹ 2,000 To Attract 1.1% Fee, But Customer Won't Pay

The National Payments Corporation of India (NPCI) said that using Prepaid Payment Instruments (PPIs) for transactions more than Rs 2000 through UPI...

Banks will not have any holiday till March 31, to work on Sunday also

Only a few days are left for the end of the financial year 2022 2023 and April 1...

Coin minting is 6 times more expensive than printing notes

Have you ever wondered how much it would cost to print notes and coins? The Reserve Bank does the work of printing notes and minting coins...

Only few days left to save tax: Invest money in National Savings Certificate Scheme

Last date for the investment ie 31 March to save taxes is fast approaching and therefore...

UBS buys sinking Credit Suisse bank

Switzerland's largest bank UBS Group AG has bought troubled Credit Suisse bank. According to reports...

Are you taking '2 minute loan', know the risks

When needed, almost every person has to take a loan sometime or the other to meet his financial needs...

IREDA IPO: Government again in the market, IREDA's IPO approved

The government is preparing to enter the capital market once again...

Now you can claim insurance even without being admitted to the hospital for 24 hours

There has been good news for the patients who want medical claims but they have to get themselves admitted in hospital for at least 24 hours...

Shaktikanta Das becomes the 'best governor of the world'

Reserve Bank of India (RBI) Governor Shaktikanta Das has made the country proud across the world as he has been given the 'Governor of the Year' award...

11 banks to infuse $30 billion in capital to save First Republic Bank

To save the First Republic of America from drowning, 11 big banks of America have come together to rescue it ...

Fear of fall in stocks, mutual funds slow down investment

At present something is going on in the market which was already expected...

Indian banks unaffected by the US banking crisis

For a few months, Indian banks have been performing better than foreign banks...

Investors lose Rs 8.5 lakh crore in 5 days, Sensex falls 344 points

The Indian stock market saw a decline for the fifth consecutive trading day on Wednesday as it fell by 344 points to close at 57,556...

Now more interest on FD in SBI: Interest available from 3% to 7%

State Bank of India (SBI) has increased the interest rates on Fixed Deposits (FD)...

RBI issues directives to banks offering digital loans

The Reserve Bank of India has taken a major decision on digital lending companies and has directed to provide complete information...

Stock market: Rs 1.33 lakh crore loss to investors

The Indian stock market ended lower on the last trading day of the week ending on Feb 17, 2017...

RBI's spree to buy gold continues, 754 tonnes reserves

It is a very old saying that gold comes in handy in times of crisis and this is why many people keep gold as collateral in hard times...

Well done India… new record of tax collection, government bag full of 15 lakh crores

The effect of the Modi government's efforts to increase the tax collection is now visible...

7-5-3-1 Rule: Easy way to invest in equity through SIP

One of the easiest ways to invest in equities is through a Systematic Investment Plan (SIP), but many of us still overcomplicate it...

Take job insurance cover in this era of retrenchment

There is a bad phase of retrenchment in companies all over the world and companies are laying off employees...

Intelligence watch over budget preparation, no phone or contact with the world

Union Finance Minister Nirmala Sitharaman is going to present the country's budget on February 1...

Black Friday for the stock market, investors lost Rs 7 lakh crore

Friday's trading session has proved to be 'Black Friday' for the Indian stock market as after Thursday's holiday...

Exemption can be given in the old system of tax, current limit is 2.5 lakh

When Finance Minister Nirmala Sitharaman will present the country's budget next week on February 1...

Bumper earnings of public sector banks including SBI

the government has been infusing capital into the banks by making a provision of a certain amount in the budget...

SEBI investigating Nippon Mutual Fund and Yes Bank, decision soon!

Market Regulator SEBI has been investigating Nippon Mutual Fund and Yes Bank in case of misappropriation of investors...

Govt issues income tax refund of Rs 2.40 lakh crore

Giving relief to the lakhs of taxpayers of the country...

Gift before budget: Senior citizens above 75 years do not need to file income tax

Before the budget, the Union Government gave a big gift to the senior citizens...

Govt gift on new year, now small schemes to get more interest

The Central Government has increased the interest rates of several small savings schemes including Senior Citizen Savings Scheme and Time Deposit...

Spending someone else money money landed in your account mistakenly could cost you dear

If suddenly money pours into your account from somewhere then you are advised not to spend it considering it as your own...

Rs 17 billion deposited in Sri Padmanabhaswamy temple's bank account

Most of the temple trusts, mostly Hindu temples, in the country rarely disclose the cash amount stashed in its bank account...

NPA of banks at 5% level, lowest in seven years

RBI has released the Financial Stability Report in which it has been found that there has been a decline in the NPAs of the banks...

Withdrawn from ATM without ATM card

As of now people are on the impression that Debit cards are mandatory to withdraw cash from ATM machines...

57% employees expect salary hike of more than 12% next year

57% of employees expect a salary increase of more than 12% next year despite headwinds such as global economic slowdown...

GST: Tax evasion up to Rs 2 crore no longer a criminal offense

In the meeting of the Goods and Service Tax (GST) Council...

Foreign exchange reserves up by $ 2.91 billion to reach $ 564.07 billion

There has been an increase in foreign exchange reserves for the fifth consecutive week

Digital rupees do not earn any interest

The Reserve Bank of India has recently launched Digital Rupee (e)...

E-Rupee launched in 4 cities, no need to have a bank account and internet

The Reserve Bank of India (RBI) launched the pilot project of retail digital rupee (e-rupee) on December 1...

Sensex crosses all time high of 63,583, Nifty also touches at record high

The stock market once again set new records on the fourth trading day of the week...

HDFC Bank and Canara get permission to do business with Russia in rupees

The Reserve Bank of India has allowed two leading banks of the country...

Banks Write Off Bad Loans Worth ₹ 11 Lakh Crore In Last 6 Years

Banks have written off a loan of Rs 11.17 lakh crore from their books in a period of six years till the last financial year 2021-2...

India's stock market booming on DIIs shoulders, FII lowest in 10 years

Till now it was believed that the boom in the stock markets of India is seen only when foreign investors make investments...

Now ITR can not be filled from these banks

Process of filing income tax keeps changing from time to time. Now most people pay income tax through online banking only...

Know what recession is and when it impacted India ?

Due to rising inflation and continuous increase in interest rates, the risk of economic recession is deepening in America and European countries...

Sensex reaches year's highest level, 17% growth in 6 months

India's stock market has soared amidst global recovery as it was bullish on 11 November by Sensex closing at 61,795...

Stock market gives decent earnings in the month of November-December-Data

The months of November and December usually proved to be great for those investing in the stock market...

Public Sector Bank SBI posts highest-ever quarterly profit of Rs 13,265 Crore

Buoyed by robust loan sales, higher interest income and lower provisions...

Printing cost of one 100 note is Rs 17, Digital Currency to save billions money

After a lot of marathon efforts, RBI has launched digital currency in India coining its name as Central Bank Digital Currency (CBDC)...

Tax evaders informers to get 20% reward, with all secrecy

If you have solid information about tax evaders in the country, then you can earn good money...

No need to keep cash, RBI starts digital currency from today

The RBI has launched the country's first digital currency from November 1, i.e. Tuesday...

Banks offer affordable loans during Diwali

A few days ago, due to the increase in the repo of the Reserve Bank of India...

Big news for those who file GST returns, Deadline for filing extended for September

The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing Goods and Services Tax (GST) returns...

What an amazing scheme! Invest money once and get a lifetime pension...

If you are also looking for such a scheme (money making tips) in which you keep getting money throughout your life...

Loans becoming more expensive in festive season, three banks hike interest rates

Home, personal and auto loans have become costlier during the festive season as SBI, Kotak Bank and Federal Bank have increased the MCLR...

Stock Market Crashes, Investors lose 4 lakh crores in a day

There was a crash in the stock market for the third consecutive day on October 11...

IDBI Bank's privatization begins, sales to complete by September

The process of privatization of IDBI Bank is in full swing and the bids are likely to be invited by March next year...

RBI to launch e-rupee, concept note on digital currency soon

Soon the domestic currency may be launched in its digital avatar as the Reserve Bank has finally announced...

Everything You Need to Know about Digital Currency

The Reserve Bank of India on 7 October announced that the pilot project launch of digital e-Rupee will be started soon...

Biggest acquisition deal in the history of Indian financial technology cancelled

PayU-owned company Prosus has called off its deal with Indian payments company BillDesk...

GST collection of 1.47 lakh crore in September

There has been an increase in the GST collection in the last month i.e. September...

As Bank loan demand reaches 9-year high, FD interest rates set to increase

Most possibly, interest rates on Fixed Deposits are likely to increase as bank loan demand has hit a nine-year high...

Govt to crack down illegal loan app, Finance Minister directs RBI

The government has taken an important step with the aim of cracking down on the increasing number of illegal loan apps in the country...

Inflation cannot be handled only by Centre: FM Sitharaman

Finance Minister Nirmala Sitharaman said Thursday that inflation cannot be handled only by the Centre and...

Moody downgrades India's growth estimate

State Bank of India (SBI) Chief Economist Soumya Kanti Ghosh has slashed the GDP growth forecast for FY23...

IT Dept issue refunds to 1.97 crore taxpayers till August 31

The Income Tax Department has issued refunds of Rs 1.14 lakh crore to 1.97 crore taxpayers from April 1, 2022 to August 31, 2022...

SBI sending alerts to protect customers from fraud...

If you are also a State Bank of India (SBI) customer and you have also received a message regarding PAN card update to continue using YONO app...

Economy accelerated: GDP growth rate goes up

The government on Wednesday released the Gross Domestic Product (GDP) figures for the April-June quarter (June quarter) of 2022-23...

Now more returns on FD in HDFC Bank, Indian Bank also hikes interest rates

HDFC Bank has increased interest rates on fixed deposits (FDs). Now the customers of this bank will get more interest on FD...

Fastest recovery in 19 years this time in stock market

The Indian stock market has seen the fastest recovery in nearly two decades this days...

Foreign investors invest 22,452 crores in the Indian stock market

Foreign portfolio investors (FPIs) have been buying aggressively in Indian stocks in the first two weeks of August...

ED eye on 10 crypto exchanges for money laundering of thousand crores

Every day some new news comes out about cryptocurrency and the exchanges that trade it...

HDFC hikes home loan interest rates by 0.25%

After RBI recently increased the repo rate by 0.50%, banks have started increasing the home loan interest rate...

SBI April-June Quarterly Result: Bank's profit declined 6.7% to Rs 6,058 crore

The country's largest bank State Bank of India (SBI) on 6 August released the financial results for the first quarter (April-June) of the financial year ...

Atal Pension Yojana: Ample financial security in your old age

The Atal Pension Yojana of the Central Government becoming fast-popular among the people and the number of beneficiaries joining this scheme...

How much money you get back, when a bank sinks, what the rules and regulations say

The banks have been in the news for wrong reasons, giving customers sometimes sleepless nights or getting upset...

How much cash is kept in the house can be a problem?

Big investigative agencies like Income Tax, ED and CBI have raided many places in the past...

After filling the ITR, Now it's turn to verify it

The last date for filing Income Tax Return (ITR) for the financial year 2021-22 has passed and if you have filed ITR...

3.03 crores took benefit of Sukanya Samriddhi Yojana: Govt

Crores of countrymen have joined the Modi government's ambitious Sukanya Samridhi Yojana, brought for the daughter's higher education and marriage expenses...

What is SBI's WhatsApp Banking and how to use it, know about it

Online banking and mobile apps have made the working of banks much easier...

Big financial changes from 1 August

The month of August has started and at least 7 financial changes in your daily life are going to be implemented...

July month made investors richer by Rs 22.71 lakh crores from the stock market

The month of July made investors richer as they made a profit of Rs 22.71 lakh crore from the stock market.....

File ITR even if annual income is less than 2.5 lakhs, it helps in getting easy loan

Only a few days are left to file Income Tax Return (ITR) for the year 2021-22 and its last date 31st July nearing very fast....

Govt explains in parliament how the valuation of LIC came down

The government has denied the opposition's allegation of reducing the valuation of LIC and pointed out that market capitalization...

RBI wants ban on crypto, FM says- international cooperation is needed

The Reserve Bank of India (RBI) has recommended to the government that it should frame rules for cryptocurrencies to ban...

New investors coming from small towns in stock market

Covid-19 has changed the way we work in the country and the world today...

5 Instant loan apps charged more than 200% interest from people...

In the last 2 years, about 14 percent of Indians have taken loans through instant loan apps and out of these...

Now get insurance against cyber fraud, SBI introduces a new plan...

After the Covid-19 epidemic, the country resorted to digital technology on a large scale to continue the works smoothly and digitization...

RBI's decision could cost dear on the stock market...

The strict policy decisions of the Reserve Bank of India (RBI) to curb inflation can prove dear on the stock market....

New rules for investing in mutual funds from July 1...

Markets regulator SEBI has implemented a new rule for investment in mutual funds from July 1...

Govt schemes like PPF & Sukanya can get more interest from July 1...

After the RBI increased the repo rate by 90 basis points, most of the banks in the country have increased the interest on FD....

Now invest in foreign stocks through mutual funds

Now once again you can invest in foreign stocks through mutual funds. ....

Take loan at low rates when loan rates are on the rise

The Reserve Bank has increased the repo rate by 0.90% in the last two months, prompting loan rates to go up...

Get KYC done for demat account by june 30...

If you have demat account. then you to KYC it by June 30....

Decline in the crypto market continues, Bitcoin 61k...

Decline in the crypto market currency continues and it fell significantly on Sunday also....

You can make money even in falling market, try these steps

This week the stock market saw a fall of 2943 points or 5.41%. This fall has created an atmosphere of fear among investors...

RBI lifts ban on Mastercard, allows new customers to be added

The Reserve Bank of India (RBI) has given a big relief to America's payment technology company Mastercard...

These 3 step will help you getting term insurance

Term insurance is a type of life insurance policy that gives you coverage for a specified period...

Increase trend in the number of income tax returns, 7.14 crore ITRs filed in FY22

Central Board of Direct Taxes (CBDT) Chairman Sangeeta Singh said on Saturday that there has been...

Extra benefits of credit cards that you may know

In today's time, when there has been so much technological revolution, using credit cards has also become common....

LIC Share: 21 percent decline in 21 days, new low every day

The shares of Life Insurance Corporation of India (LIC) is declining everyday....

World Bank cuts India's GDP growth forecast, says global economy "in danger again"

The World Bank has reduced India's GDP growth forecast to 7.5 percent for the current financial year...

GST Collection: Rs 1.41 lakh crore in month of May

The collection of Goods and Services Tax (GST) has been Rs 1.41 lakh crore in May...

Price band of LIC IPO set at Rs 902-949 per share

Mother of all IPOs to be open for retail investors from May 4 to 9...

Country's biggest IPO's date final. LIC to go public on May 4

The date for the mother of all IPO is final. Much-awaited initial public offering (IPO) of the Life Insurance Corporation of India going to open for subscription from 4 May...

Sensex soars 600 pts, Nifty around 17,150; all sectors in green

Indian indices witnessed a positive start on Tuesday amid mixed global trends...

Prices of 143 commodities may go up as GST Council asks for hiking rates

Out of these 143 items, 92 per cent are proposed to be shifted from the 18 per cent tax slab to the top 28 per cent slab ...

Quarterly results and foreign investors' stance to decide the direction of domestic markets...

Equity markets are likely to witness volatility in the coming week due to the end of monthly derivatives deadlines and quarterly results of companies...

ICICI Bank Q4 result: Net profit goes up by 59.4% to Rs 7,018 crore

ICICI Bank has released the results for the fourth quarter (January-March 2022) of 2021-2022 in which its net profit...

HDFC Bank announces 1550 percent dividend to shareholders

Private sector HDFC Bank on Saturday announced a dividend of 1550 per cent, or Rs 15.50 per share...

Govt to sell 3.5 per cent stake in LIC, expects to raise Rs 21,000 crore from IPO

The government will sell its 3.5 per cent stake in the initial public offering (IPO) of public sector insurance company Life Insurance Corporation of India (LIC)...

SBI Hikes MCLR: Home Loan, Car Loan EMIs May Go Up

India’s largest public sector lender State Bank of India (SBI) has hiked its marginal cost of lending rate (MCLR)....

HDFC Bank gets net profit of 10K crores, Profit increases by 23% in the last quarter

The standalone profit of the country's largest private bank HDFC Bank grew by 22.8% in January-March in the last quarter of the last financial year 2021-22...

Investors in the stock market doubled during pandemic

After the outbreak of the Corona pandemic in March 2020, the number of people investing in the stock market in the country has increased rapidly..

Why is the Atal Pension Yojana important for you? Both husband and wife can avail benefits

Every senior citizen of every family is recommended to save with earnings. Only small savings made every month are useful for people after retirement...

Want to invest in Crypto Currency? Then keep these points in mind

Cryptocurrency is a topic of discussion all over the world which has been adopted in many countries of the world...

Shock to mutual fund houses, SEBI ban on launching new funds

In a setback to mutual fund houses across the country, SEBI has banned the launch of new schemes till July 1...

Mega Merger: HDFC and HDFC Bank to merge, shares of companies rise...

Housing Development Finance Corporation (HDFC) and HDFC Bank have announced a merger....

Record GST tax collection fills government's exchequer...

GST collection broke all records in the recently ended month of March. With the reduction in the cases of Covid-19 pandemic...

New Financial Year: Start investment planning for this year...

New financial year 2022-23 has begun and many folks think of investing in the later part of the year many times...

New Financial Year Begins Today

New Financial Year Begins Today: Buying a car and home become expensive, Get ready to face these 12 changes from today...