Defence Research and Development Organization 2023 Jobs Recruitment Notification. DRDO inviting applications for the positions of DRDO Chair, DRDO Distinguished Fellowship, DRDO Fellowship. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 15th June, 2023. No.of Posts and Vacancies :- DRDO Chair – 05 Posts DRDO Distinguished […]
On which post office schemes is TDS applicable, where tax is not deducted
Post office offers many long term and short term investment plans but note that not all investment avenues are tax free, as some Post office schemes interest earned is taxable, and no deduction is available under section 80C of the Income tax Act, 1961. It is important to keep in mind that TDS is only […]
Average time taken for issuing I-T refunds reduced to 16 days in 2022-23: CBDT chairman
New Delhi: Average time taken for issuing refunds by the income tax department has been brought down “significantly” and 80 per cent of refunds were issued in the first 30 days of filing of returns during the 2022-23 fiscal, CBDT Chairman Nitin Gupta has said. The chief of the Central Board of Direct Taxes (CBDT) […]
H-1B visa stamping season: Timeline, events and processes you need to know
It’s stamping time for those applicants who got picked in the H-1B lottery for 2024. The visa registration process started for 2024 in January this year follows a series of other processes beginning October 2023 before candidates become eligible to work and live in the US. But this year, For many Indian professionals and students, […]
UPI, NEFT to RTGS : How RBI’s lightweight payment system will be different from others?
The Reserve Bank of India’s proposed lightweight payment and settlement system (LPSS) will introduce a paradigm shift in the Indian payment landscape. In its annual report for 2023-24, the central bank has unveiled its plans for LPSS. The need for lightweight payment and settlement system (LPSS) The central bank said that this payment system can […]
BSNL goes to borders to set up 20,000 4G towers
NEW DELHI : Residents of border states lacking mobile and data connectivity can breathe a sigh of relief, with state-owned Bharat Sanchar Nigam Ltd (BSNL) beginning work on installing 20,000 4G towers. The telecom operator has been assigned the work of ensuring connectivity at all far-flung areas under the government’s 4G saturation plan, an official […]
How Unified Payments Interface (UPI) is shaping the economy post-withdrawal of 2000 currency notes
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 […]