LiveRBI Proposed To Increase Upper Limit for UPI Tax Payments to Rs 5 Lakhs
During the Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) proposed to increase the upper limit for tax payments through the Unified...
Category : ECONOMY
Deadline for ITR Filings in India for AY 2024-25: All you need to know
Yesterday, July 31, 2024, was the last day to file your income tax returns (ITR) for the financial year (FY) 2023-24 and Assessment year (AY)...
RBI Spectates eRupee To Enrich India’s Global Financial Standing: RBI Report
The Reserve Bank of India (RBI) is looking into the potential of creating a digital version of the rupee, known as eRupee, to improve international...
Finance Ministry: Not All Residents Leaving India Require Tax Clearing Certificate
The Finance Ministry clarified that not all residents leaving India need tax clearance certificates. This requirement applies only to specific cases under the Income Tax...
RBI’s Proposed Liquidity Norms In Retail Deposits to Raise Demand for Government Bonds
On Thursday evening, the central bank suggested that banks decrease the reliability of retail deposits with Internet and mobile banking access by an extra 5%....
A Five-Year Growth Map for India’s Economy: Union Budget 2024-25
The Budget 2024-25 aims to set a clear five-year roadmap for India’s economy, focusing on sustainable growth and development. This budget outlines the government’s strategic, optimistic...
Gold and Silver Prices Hiked on MCX Today
On July 24, 2024, the Multi Commodity Exchange of India Limited (MCX) saw significant increases in the prices of gold and silver. Gold futures, set...
RBI Sold Rs 34 Billion of Indian Bonds as Index Inclusion Boosts Inflows: Bloomberg Report
According to a Bloomberg report, the Reserve Bank of India (RBI) has sold Rs 34 billion (USD 406 million) worth of bonds in the secondary...
RBI Imposed Penalty on Four Cooperative Banks in India
The Reserve Bank of India (RBI) recently announced that it has imposed monetary penalties on four cooperative banks for violating banking regulations. According to the...
India Aims $110 Billion FDI Every Year to Boost Economy
India is setting its sights on boosting annual foreign direct investment by more than 50% to help elevate the country’s economic growth. For the next...