Category Archives: NATIONAL

9 signs you are being financially bullied by your spouse and what you should do

Emotional abuse by a partner can take many forms, one of them being financial manipulation. If you identify with any of these behaviour patterns, you are clearly being financially bullied and need to take remedial steps immediately. 1. Doesn’t let you keep your salary If your partner demands your salary the minute you get it […]

RBI launches CMS for filing online complaints against banks, NBFCs

Mumbai: The Reserve Bank of India Monday launched an application on its website for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances. The Complaint Management System (CMS) is a software application to facilitate RBI’s grievance redressal process. Customers can lodge complaints against any regulated entity […]

Advantages of limited premium payment term insurance plans

Term life insurance plans are an important addition to your financial portfolio. They have low premium rates as compared to other types of life insurance plans enabling you to afford considerable coverage. When you buy a term life insurance plan, you invest in the financial security for your family in your absence. A term insurance […]

Mobile wallets search for new ways to ease KYC pain

Bengaluru: Mobile wallet firms are trying to put in place customer identification processes to adhere to the August 31 deadline when the full Know Your Customer (KYC) mandate kicks in. This is the last date that the Reserve Bank of India has set to capture the complete details of wallet customers. The problem is, as […]

GST on electric vehicles may be reduced to 5%

NEW DELHI: India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the Narendra Modi government. The GST Council is set to take up the proposal at its June 20 meeting, said a senior government official aware […]

Fingerprint messages to ensure traceability: Government to WhatsApp

BENGALURU: India has asked WhatsApp to digitally fingerprint every message sent on its platform without breaking the encryption, according to two senior government officials, in a move aimed at ensuring traceability of all content shared on the Facebook-owned messaging app. WhatsApp should be able to identify where a message originated and how many people have […]

UPI transactions fall 6% in May

BENGALURU: Payments made through the Unified Payments Interface, an interbank fund transfer system, have fallen 6% month-on-month in May against April, the second consecutive decline in terms of number of transactions. As per the data shared by the National Payments Corporation of India (NPCI), UPI transactions reached 733 million in May, as against 781 million […]

Filing ITR-1 this year? You must know about these changes

If you are filing ITR-1 this year, then there are several procedural changes you must know about. Being aware of these changes will make it easier for you to file your income tax return. Here are the changes that you must know. Addition of new tab for section 80GGA This year in the online form […]

Govt probes I-T and GST mismatch in crackdown against evaders

NEW DELHI: Back in office, the Modi government is set to take up the next stage of action against tax evasion and money laundering with data analysis helping detect thousands of overstated goods and services tax (GST) claims that don’t match up with income tax returns. Action against these entities, which might be the first […]

CAIT asks for extension of purview of pension scheme for traders

NEW DELHI: Traders body CAIT Monday asked the government to extend the purview of the new scheme, which assures minimum monthly pension of Rs 3,000 to all shopkeepers, retailers and self employed persons after attaining the age of 60 years. Under the scheme, approved by the cabinet last month, all shopkeepers and self employed persons […]

India expects US govt to restore benefits under GSP

NEW DELHI: The US pulling the plug on duty concessions on $5.6 billion of Indian exports may not mean the end of benefits under the Generalized System of Preferences (GSP), officials said, citing instances when the benefits were reinstated. “This is not the end of GSP (benefits), possibly because the US has restored the benefits […]

Banks can use Aadhaar for KYC with customer’s consent: RBI

  The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts. “Banks have been allowed to carry out Aadhaar authentication/ offline-verification of an individual who voluntarily uses his Aadhaar number for identification purpose,” the central bank said […]

Search

Loading...