Unified Payments Interface (UPI) has supercharged India’s transition to non-cash payments by facilitating direct payments linked to a bank account. UPI has been a revolution for the entire economy in large part due to rapid adoption by millennials and GenZs. It has accelerated the adoption of digital payments, and made making peer-to-peer payments easier for […]
Vande Bharat Trains To Cover All States By June
New Delhi: Vande Bharat trains will soon ply from each state, railways minister Ashwini Vaishnaw said Friday, outlining the Centre’s plan to connect 200 cities with these modern, indigenously-developed trains by mid-2024. The Indian Railways is also looking at Vande Metro, he said. “The Vande Metro design trainset has been finalised,” Vaishnaw told reporters after […]
RBI may consider changing CRR computation timing
The Reserve Bank of India could consider changes in the timing of computation of Cash Reserve Ratio (CRR) for banks to help them manage funds more adroitly amid 24/7 funding obligations, industry sources said. From 11:59 pm, the central bank could contemplate opting for a much earlier time for computation of the CRR, which is […]
Eight rule changes, deadlines, and price hike to watch out for in June
From price change for LPG, to RBI’s 100-day, 100-payment campaign, a look at eight changes that you need to know starting today, 1 June 2023 1)New Sebi rules relating to children’s investment Securities Exchange Board of India (SEBI) introduced a set of rules relating to buying mutual fund units in the name of minor children […]
CBDT amends income tax rules; to expand tax exemption for public sector shares
NEW DELHI: The Central Board of Direct Taxes (CBDT) has amended the income tax rules to facilitate strategic disinvestment of public sector companies by expanding the scope of a tax exemption on shares received below fair market value, showed an official order. The Income-tax (Eighth Amendment) Rules, 2023 issued on Thursday is effective from 1 […]
WhatsApp Launches New Global Security Centre Page With 10 Indian Languages
Instant messaging application WhatsApp has launched a new global ‘Security Center’ page which will act as a one-stop window for users to learn more about how to protect themselves against spammers and any unwanted contacts. WhatsApp on Thursday said it has created this page to build awareness about the various safety measures and in-built product […]
How to block ads in Chrome browser
If you are tired of distracting pop-ups, unskippable YouTube advertisements, and flashing banners on every available inch of the internet, installing a simple ad-blocking extension can give you a cleaner experience. For users of the Google Chrome browser, there are several ad blocking extensions you can choose from. While a 100% ad-free experience is hard […]
PPF vs Sukanya Samriddhi Yojana: Which is better to invest?
All you need to know The Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are two tax-efficient government savings schemes that offer good interest rates. Both are suitable for creating a corpus over the long term, though SSY offers higher interest rates than PPF. Here’s how to choose between them. PPF vs Sukanya […]
Commercial gas cylinder prices slashed. Check latest rates
LPG Commercial Cylinder Price: The prices of liquefied petroleum gas (LPG) have been slashed by Rs 83.50. A 19 Kg commercial LPG cylinder now costs Rs 1,773 in Delhi, down from Rs 1,856.50 earlier. It is now priced at Rs 1,725 in Mumbai as against Rs 1808.50 earlier. After today’s reduction, the price of a […]
Income tax return filing: Is it wise to file an ITR despite not having any income tax liability?
There is confusion in the minds of many persons as regards who has to file an ITR. Few salaried as well as senior citizens receiving interest income carry an impression that as tax has already been deducted at source they do not have to file any ITR. This is not correct. The obligation to file […]