Tax

Budget extended tax for gifts received by NRIs from resident Indians

Currently gifts given by Indian residents to non-resident Indians - apart from the specified list of relatives - would be claimed as non-taxable

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Banking

Charges on NEFT, RTGS and IMPS waived off by SBI

In the last monetary policy held in June, the central bank said that it levies minimum charges on banks for transactions routed through its real time...

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Mutual Funds

6th tranche of CPSE ETF to open on July 18

The government is planning to raise up to Rs10,000 crore from the sixth tranche of CPSE ETF which would be launched on July 18, as reported by The...

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Consumer Issues

Government Plans to Increase Electronic Toll Collection

The transport ministry is planning to make electronic toll collection mandatory on all national highways in the country to reduce congestion at toll...

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Consumer Issues

Paying Toll becomes easier. Cash no longer king at toll plazas

Using cash to pay toll? Then be ready to pay 10 - 20% more . The government in an effort to decongest toll plazas, is incentivizing cash-free tolling...

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Tax

Tax Reform is on Its Way

With the budget set to be announced in a few days the Indian government has set the ball rolling for reforms that could reset taxpayer - income tax...

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Fixed Income

DHFL defaults once more on commercial papers repayment

DHFL on Tuesday managed to only meet 40% of its 375 crore repayment commitment towards commercial paper repayment

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Banks

Home Buyers seek government intervention against Jaypee Infra.

Jaypee Infratech home buyers on Sunday urged the Indian government to direct IDBI Bank to back the state-run NBCC's bid for the purchase of the...

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Consumer Issues

Transport Ministry Proposes Amendments to Motor Vehicles Act

Driving in India is set to change. Reports have revealed that the Road Transport and Highways ministry headed by Nitin Gadkari is likely to allow the...

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Consumer Issues

Car Buyers May Soon Get to Choose Registration Number of Choice

The transport department in Delhi has issued a notification that will allow buyers to choose a registration number of their choice at the time of...

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