Employees' Provident Fund Organisation (EPFO) is undertaking several digital initiatives including online Universal Account Number (UAN) generation facility for subscribers and e-inspection system for employers.
Reserve Bank of India said that it’ll allow customers to link their FASTag accounts with all authorised modes of payments.
Lending rates for tenors of one year would be revised to 8.30 per cent from the current 8.35 per cent, the bank said.
This is the third time the due date has been extended by the Central Board of Direct Taxes.
Investors, who had started SIPs in equity scheme three or four years ago, are yet to make money. Those who started SIPs earlier have seen their returns dwindle to high single digits.
Competing with private companies for limited resources could cap the room for RBI to cut interest rates. Even if it does, market rates won’t ease due to higher government debt. Also, with inflation being predicted to ease by the second half of 2020 towards the target of 4%, prospects for sharp rate cuts diminish.
The easiest fix, many have argued, is to put more money in the hands of the consumer by cutting personal income tax (I-T) in this budget. The assumption being made is that this extra money would then be spent on buying goods and/or services, thereby stoking demand that’s currently in the doldrums.
Airtel’s customers have to recharge for at least Rs 45 instead of Rs 23 for a validity period of 28 days and therefore the customers will have to shell out at least Rs 22 more per month. Airtel’s move also comes at a time when the sector regulator has opened a consultation process on whether to set floor tariffs for voice and data services.
Earlier in November, the DIN system was made mandatory only for search authorisation, summons, arrest memo, inspection notices and letters issued by the Central Board of Indirect Taxes and Customs (CBIC) in the course of any enquiry. The government has already executed the DIN system in the direct tax administration from October 1.
The revised effective benchmark lending rate of 7.8 percent (down from 8.05 percent) will come into effect from January 1, 2020. New home buyers will get loans at an interest rate starting from 7.9 percent a year(previously at 8.15 percent).
Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period.
DICGC came into limelight since RBI imposed deposit withdrawal restrictions on PMC Bank.
Short-term instruments by NBFCs, HFCs account for 22.7% of outstanding investments of MFs.
The central bank may also soon introduce new payment umbrella organizations to compete with NPCI.
If you still have a magnetic stripe State Bank of India (SBI) ATM-cum-debit card, on December 31 it will become useless, i.e., the lender will deactivate it. You will have to replace it with an EMV chip and PIN-based card.
Sebi said that investment advice can be given after completing risk profiling of the client and ensuring the suitability of the product.
These 6.3 lakh pensioners had opted for commutation of their pension and got a lump sum amount at the time of retirement from their pension accumulations or fund before 2009. The provision for commutation of pension was withdrawn by the EPFO in 2009.
The Aadhaar, which was introduced in 2009, has crossed a new milestone achieved by crossing of the 125 crore mark. "This means that over 1.25 billion residents of India have the 12-digit unique identity," the Unique Identification Authority of India (UIDAI) said in a press release.
An investor needs to have a clear idea of one’s risk-taking capacity before building a portfolio.
Similarly, Bajaj Finance has lowered deposit rates by 15-40 basis points and the maximum it pays is 8.35%. PNB Housing Finance and Shriram Transport Finance are likely to reduce rates by 20-25 basis points, beginning early January.
The average basket size in the year ended September 2018 was 222 kg while it dropped 3% to 217 kg in 2019.
Airtel Payments Bank customers will now be able to use the National Electronic Funds Transfer (NEFT) facility at any time of the day. The facility will be available to customers on a 24x7 basis even on holidays enabling then to receive or send funds to any bank from anywhere, anytime, the Bank said.
In a media briefing, Yadav said although the railways had initiated a number of measures to counter its dwindling revenues, increasing fares was a "sensitive" issue and it had to be discussed at length before a final decision was taken.
Any BHIM UPI-enabled mobile app would now give vehicle owners the opportunity to recharge their FASTags on the go and avoid queues at toll plazas, NCPI said in a release.
If an investor is conservative but is trying to optimise his return, I will go with conservative growth funds. More risk-on investors, on the other hand, should go for aggressive growth funds. But remember not to over optimise or over-engineer it. Do not try to earn that 10% extra, 2% more because that will be putting your capital to risk.
Finance Ministry's notification suggests that if Aadhaar authentication fails due to poor biometrics or other reasons, then other methods for authentication must be adopted. Here's what senior citizens will have to submit to avail continued benefits.
He pointed out that many states had used their own resources to expand coverage of Ayushman Bharat, which now hence covers 130 million families against the originally planned 100 million families. “The states have shown strong leadership and willingness to adopt UHC as their primary health goal.
Amid the slowdown, the government may opt for a spending stimulus in the Budget, with more funds allocated to infrastructure development and direct benefit transfer, instead of one through income tax concessions that will benefit a smaller section.
Bharat Bond will invest only in AAA-rated public sector bonds. The ETF with a 3-year maturity will follow the Nifty Bharat Bond Index -April 2023 and the one with a 10-year maturity will follow the Nifty Bharat Bond Index – April 2030.
The inflow comes at a time when the market has been polarised, with investors getting returns from only a handful of stocks.
It'll take a few months to understand the full impact of the new tariffs. But some big signs are already here.
Govt is considering giving more money to people via schemes such as PM-KISAN, boosting infra spend.
The NHAI started electronic toll collection through RFID-based FASTags on its 523 toll plazas across the country from December 15 for seamless flow of traffic. FASTag is a prepaid tag, affixed on vehicle's windscreen, that enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza without stopping for cash transaction.
MF distributors are not expected to handle clients' funds and securities.
The category has been witnessing consistent outflows for several months now, owing to a series of defaults and downgrades that shook the NBFC space.
On Monday, GoAir cancelled 18 flights, attributed it to factors such as inclement weather, low visibility and anti-CAA protests in the country. IndiGo also has similar problems. Air India’s 12 A320 are grounded due to technical issues.
As a sovereign-owned entity, IFCI has received equity capital from the Centre in the past.
The user charge could be collected from passengers while booking tickets. The modernisation plan includes developing/re-developing the existing/new railway station. Some of these stations will be operational in the next two to three years.
High volatility hurts leveraged ETFs by adding costs to the daily rebalancing trades.
About 31 per cent of the respondents see the Nifty trading at 12,400-12,500 by budget day.
The scheme provides minimum guaranteed monthly pension of ₹1,000 to ₹5,000 from the age of 60.
Since December 15, while all toll lanes have been converted to FASTag lanes, NHAI has allowed a leeway for commuters to accept toll through cash and FASTags in around 25% of lanes at every toll plaza. This was done as per a directive from the transport ministry to ease the transition phase.
Flipkart-owned fashion etailer noted that the Myntra app has been ranked as one of the most viewed apps in the country alongside Whatsapp, Instagram and Tiktok, making m-commerce the future of Indian fashion retail.
In the next 5-6 months, the platform plans to add homegrown apparel brands such as Neerus, Jharonka by Craftsvilla, Meena Bazaar and Tribes India to its portfolio.
"Information exchanged under such tax agreements is covered under confidentiality provisions of respective agreements. Thus, disclosure of tax related information and information sought/obtained from foreign governments is exempted under section 8 (1) (a) and 8 (1) (f) of the Right to Information (RTI) Act," FinMin said in response to an RTI application.
The VoWiFi technology allows users to make outgoing calls to any mobile phone number and landline by connecting to a public WiFi hotspot or any private home WiFi network. The service enables no cost calling across operators and minimal data usage using a handset which supports the technology.
By watching the video clips, the failed applicants will be able to see where they made a mistake. They can then improve their driving skills before coming for another test. The transport department will also send a detailed report of the driving test.
After a series of downgrades and defaults hit the debt mutual fund space, Sebi tweaked several investment norms to make debt funds safer for investors.
Analysts expect gains in Sensex in the new year to be led by just a handful of big names.
The banks have stopped issuing debit cards for the dormant savings accounts due to two reasons - To avoid the risk of banking frauds and also to lower their costs of servicing a bank account. There has been a rise in dormant accounts.