Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry
Saying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.
RBI caps lending on P2P platforms at Rs 50 lakh to protect consumer interest; transactions through bank accounts, cash not allowed
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh.
Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all
Loss-making concerns would feel the heat of this new measure because TDS would lock up their funds
The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.
Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore
Paytm Payments Bank was incorporated in August 2016 and formally began its operations in May 2017 from a branch in Noida.
Limit of 20,000 for immovable property transactions: CBDT reads discriminatory and peremptory law to ludicrous level
What makes a householder-seller of immovable property a greater criminal?
Govt proposes easing local data storage rules for foreign payment firms after intense lobbying by US firms
Easing the proposal would be a relief for firms including MasterCard, Visa, and American Express, which fear the country's data onshoring move could cost them millions of dollars and set a precedent for other major governments to implement similar rules at a time when there is heightened scrutiny of how companies globally handle their customers’ data.
US-headquartered NCR Corporation, which controls nearly half of the ATM market in the country, on Thursday said cash is coming back into the system and it does not feel threatened by the digitisation drive
The government is found wanting in bringing about relief to individual taxpayers on lot many fronts.
The notification follows amendment to Central Motor Vehicle Rules, 1989 by the central government as per powers vested in it under Motor Vehicles Act, 1989.
The move to ban cash transaction above a Rs 2 lakh was aimed at curbing black money by discouraging cash transaction and promoting digital economy
After note ban spike in digital transactions was mostly due to lack of an alternative option. When cash returned, people went back to their old ways
With the banks levying a fee for over four cash transactions at its branches, the Confederation of All India Traders (CAIT) on Thursday said the charges amounted to "financial terrorism"
Most of us have moved online already and those who haven’t will eventually do. Just like the way you had to gulp down that bitter cough syrup, whether you liked it or not
Demonetisation has put Digital India mission on fast track, writes Godrej Nature's Basket MD Avani Davda
Demonetisation has been a bold move and while it has had its ups and downs, it bodes well for the organised retail sector overall.
The Finance Ministry on Wednesday clarified that a final call on the recommendations of the panel of Chief Ministers, which includes a tax on cash transactions above Rs 50,000, is yet to be taken.
In the study, India Development Foundation (IDF) assessed the impact of demonetisation on agriculture and the informal sector that rely heavily on cash transactions and also provide employment to majority of population.
Currently, any cash transaction of Rs 50,000 and above require a person to quote his PAN card number
What is the net gain to economy from demonetisation is a question PM Modi will have to answer with support of evidence when he face the electorate in 2019
In order to tackle black money, the Special Investigation Team (SIT) has recommended a total ban on cash transactions above Rs 300,000 and an act be framed to declare such transactions as illegal and punishable under law, an official statement said here on Thursday.