Wrong info in ITR will be reported to employers: I-T to salaried class

Wrong info in ITR will be reported to employers: I-T to salaried class The tax filing season for salaried class taxpayers has just begun with the Central Board of Direct Taxes (CBDT), that frames policy for the department, recently notifying the new ITRs The Income Tax Department on Wednesday cautioned salaried class taxpayers against using […]

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RBI firm on new NPA rules, says cos should not take loan contract casually

RBI firm on new NPA rules, says cos should not take loan contract casually The deputy governor said even some highly rated borrowers had failed on the one-day default norm Reserve Bank of India (RBI) deputy governor N S Vishwanathan strongly defended its new rules on debt resolution, including the one-day default norm, stating that […]

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Supreme Court says biometric authentication of Aadhaar prone to misuse

Supreme Court says biometric authentication of Aadhaar prone to misuse If a person is unable to get ration due to failure of authentication, then any other family member can produce the Aadhaar number to get the benefits.If biometric authentication is attached to every transaction entered into by a person, it would “form a wealth of […]

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With the ongoing cash crunch, digital money gets another lifeline

With the ongoing cash crunch, digital money gets another lifeline As news of no-cash flooded social media sites and news channels, the past 24 hours have seen a surge in people queuing to get the KYC done After a lull for months, things might be again looking up for the country’s digital money entities, due […]

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Govt advances deadline for GST seller returns for April, May, June

Govt advances deadline for GST seller returns for April, May, June However, the government has not changed the deadline for filing GSTR-3B The government has advanced the deadlines for filing of seller forms under the goods and services tax, GSTR-1, for April, May and June, in comparison to those given for previous months.GSTR-1 for the […]

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RBI scotches speculation on easing default norms

RBI scotches speculation on easing default norms Mint Street has virtually scotched speculation regarding the easing of norms on default classification, saying that the new rules seek to change the credit culture in a country where even big companies that can repay on time tend to game the system to earn additional income. Complaints that […]

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Private Banks Feeling the Heat Tighten Loan Sanction Process

Private Banks Feeling the Heat Tighten Loan Sanction Process BANKERS TURNING more cautious in granting new loans after the latest controversies The ICICI Bank controversy and Axis Bank’s chief cutting short her tenure have now made private sector lenders extra watchful about making loans, picking up a trend that’s been prevalent at state-owned banks in […]

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Relaxed Currency Derivatives Norms to Bring More Arbitrage Opportunities

Relaxed Currency Derivatives Norms to Bring More Arbitrage Opportunities Move likely to deepen domestic currency market and make it more popular among overseas investors Easier currency derivative rules have helped traders exploit the opportunities of arbitrage between rates in the overseas options markets and those back home. In effect, the arbitrage is helping deepening the […]

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