To increase the adoption of credit on United Payments Interface (UPI), National Payments Corporation of India (NPCI) is looking at an interchange fee for transactions lower than that for a credit-card transaction. Sources in the know said these charges could be 1-1.2 per cent. Fintech participants concur with the view that the interchange fee is expected to be lower than that for a credit-card transaction.
Liquor businessman Magunta Sreenivasalu Reddy (a TDP MP) met Kejriwal on March 16, 2021 in his office at the Delhi Secretariat and requested him to provide support in his liquor business in the national capital by tweaking the Excise Policy 2021-22 which was then in the making, the agency said in its chargesheet against K Kavitha.
The government on Tuesday announced that it will undertake a comprehensive review of the Income Tax Act to make it easy to read. Presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman also said the government will come out with SoP (standard operating procedure) for TDS defaults and simplify and rationalise compounding of such offences.
To minimise risk, invest in a debt fund whose duration matches your investment timeframe.
Harmanpreet Kaur admitted that there is room for a lot of improvement before the upcoming T20 World Cup
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
He praised the Sri Lankans for a good batting effort but said he always knew that the track would slow down as the game progressed.
'The structural story of India is a multi-decadal story.' 'One should stay invested in that story and avoid reacting to what is happening globally.'
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Salim-Javed became the first Hindi film writers who could be considered brands, and they are still boldface names, celebrities in their own right, chronicles Dinesh Raheja.
The 38-year-old Haryana boxer won a bagful of medals between 2006 and 2014, including a bronze at the 2008 Beijing Olympics and the 2009 World Championships, before turning professional.
A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the 'pre-show cause' notice to the company and directed it to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. India's second largest IT company had made headlines on Wednesday after GST authorities slapped a Rs 32,403 crore notice on it for services availed by the company from its overseas branches for five years starting 2017.
Manu Bhaker and Jaspal Rana are chalk and cheese when it comes to their individual personalities
In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.
Agniveers will be granted reservation in government jobs in Uttarakhand upon their return after serving in the armed forces, Chief Minister Pushkar Singh Dhami announced on Friday, as the nation observed the 25th anniversary of the Kargil Vijay Diwas.
Private credit is fast emerging as a major source of finance for projects in India as several entrepreneurs are looking for short-term debt to bridge the funding gap due to difference in pricing for equity dilution, top officials at PwC India said. They said while new private equity (PE) investments during the past two years have declined, several public market exits by PEs were observed during that period. Several companies are likely to approach capital markets in the near future to provide liquidity to PE fund investors.
The coaching-tuition-profiteering model built on the back of a broken education system is a scandal and an abomination, and must go, asserts Shekhar Gupta.
In FY24, loans given out by such firms had topped a whopping Rs 146,517 crore, up by 49 per cent year-on-year and spread over 10.19 million accounts (up 35 per cent).
Hosts France will play an Olympic men's football final for the first time in 40 years after beating Egypt 3-1 in extra-time at the Lyon stadium on Monday and will face Spain for the gold medal.
Kashmir has a special place in Sara Ali Khan's heart, and she never gets tired of visiting it.
'We all know he has a big heart when he goes out there to bat but also he has a big heart in terms of leadership as well. All the credits to him and (it was) amazing of him.'
It is advisable to file your ITR right away and not rely on potential extensions.
Lakshya leaves Paris with the best-ever finish by an Indian shuttler in the men's singles event at the Olympics.
The registration process for CAT 2024 will begin 10 am onwards on August 1.
Only investors with a higher risk appetite should enter these funds.
Fitch Ratings on Tuesday said the FY25 Budget demonstrated the government's ongoing commitment to reducing fiscal deficit and ensured policy continuity during the NDA government's new term. Finance Minister Nirmala Sitharaman on Tuesday presented the first Budget of the Modi 3.0 government in which she revised the deficit target for current fiscal lower to 4.9 per cent of the GDP, from 5.1 per cent projected in the interim Budget.
Seven accused army personnel, including a major general and two colonels, escaped from any punishment even though a military court initially and a Central Bureau of Investigation inquiry found they were involved in the alleged crime.
Moody's Ratings on Tuesday projected general government debt to stabilise above 80 per cent of GDP over the next three years, down from 89.3 per cent in 2020-21. "General government interest payments to fall to around 24 per cent of general government revenue over the next two years from over 28 per cent in fiscal 2020-21, although this remains much higher than the median 8.7 per cent recorded by Baa-rated peers," Moody's Ratings associate managing director Gene Fang said in a post-Budget reaction.
Finance Minister Nirmala Sitharaman on Tuesday announced the doubling of the upper limit of Mudra loans to Rs 20 lakh to promote entrepreneurship in the country. "The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun category', she said while presenting the Budget in the Lok Sabha.
Susi Ganeshan's Ghuspaithiya, starring Urvashi Rautela, Akshay Oberoi and Vineet Kumar Singh, revolves around the dangers of the digital world and the numerous threats that come with it, such as stalking and obsession.
The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting her seventh straight Union Budget, she also said that public sector banks to build in-house capability for credit assessment of MSMEs.
Modi lauded the shooter for the manner in which she redeemed herself after the disappointment in Tokyo.
Preparing for the Paris Olympics along with her teammates, Batra said she has learned from her Tokyo Games experience.
The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday. The Indian financial sector is at a "turnpike moment", it said, adding that the dominance of banking support to credit is being reduced, and the role of capital markets is rising. For a country that aspires to be a developed nation by 2047, this is a long-awaited and welcome development, it said.
Indian-American businessman-turned-politician Vivek Ramaswamy had predicted some eight months ago that incumbent President Joe Biden would not be the presidential nominee of the Democratic Party.
Markram took a sharp catch just a couple of meters away from the boundary line.
Treasury gains helped ICICI Bank post a nearly 10 per cent increase in the consolidated net profit for the April-June quarter at Rs 11,696 crore on Saturday. Growth in the core income slowed for the country's second largest private sector lender, but the treasury operations helped it report a 14.62 per cent rise in its post-tax profit at Rs 11,059 crore on a standalone basis. The core net interest income (NII) growth came at a multi quarter low of 7.3 per cent to Rs 19,553 crore for the reporting quarter.
Rafa Nadal suffered a setback in his Paris 2024 Olympics preparations on Sunday as he was beaten 6-3 6-2 in the Swedish Open final by Portuguese seventh seed Nuno Borges.
India secured a dominant victory over UAE in the Women's Asia Cup on Sunday, thanks in part to a crucial half-century from captain Harmanpreet Kaur
Images from the US Open women's singles second round matches, at Flushing Meadows, New York, on Wednesday.
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