RBI’s New Rule on how to Recover Money sent to Wrong UPI Address
According to the RBI’s new guidelines, if you transfer money to the wrong UPI address, you can expect to get…
Banking & Finance
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Company registrations dip 11% in July, LLPs’ rise 21%
The Company registrations decreased by almost 11% year-on-year in July, following a 12% increase in June. A total of 14,887…
Net direct tax collection rises 22.5% to Rs 6.93 trillion till August 11
India’s net direct tax collection, with refunds adjusted, grew 22.5% to Rs 6.93 trillion between April 1 and August 11…
RBI issued a new notification regarding credit-debit card, now the customers will do as they please, order issued
Reserve Bank of India (RBI) said in a circular that on review, it was found that some of the arrangements…
Fiscal deficit shrinks to 8.1% in April-June quarter
Thanks to lower expenditure and record transfer from RBI. Lower expenditure because of Model Code of Conduct and record transfer…
RBI’s new norms on wilful defaulters to come into effect from Nov 1
“Wilful defaulters or any entity with which a wilful defaulter is associated shall not be eligible for restructuring of credit…
Changes in Taxation for Mutual Funds
Mutual funds are becoming the popular route for retail investors to participate in the capital markets with assets under management…
Wholesale inflation soars to 16 months high of 3.4%
The wholesale price inflation surged to 16 months high in June as food and manufactured product prices shot up. Data…
IBBI seeks to tighten the noose around guarantors of bankrupt firms
The insolvency regulator has proposed that the resolution plan submitted by an investor won’t extinguish the creditors’ right to proceed…
Private Banks further consolidate lending market share
Private sector banks have further consolidated their position in the lending market post Covid, backed by their expertise in retail…