Banking

SEBI, its chief, spouse, others deny Hindenburg report claims.

SEBI, its chief, spouse, others deny Hindenburg report claims.

August 12, 2024 / News, Banking, Business, Finance /

SEBI, its chief, spouse, others deny Hindenburg report claims. The market regulator SEBI urged investors to remain calm and exercise due diligence before reacting to reports like the one from Hindenburg. SEBI emphasized the importance of relying on accurate information and making informed decisions. In a separate statement, SEBI Chairperson Madhabi Puri Buch and her […]

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Stop charging extra interest on loans: RBI to banks

RBI directs banks: Cease extra loan interest charges.

April 30, 2024 / News, Banking, Investing /

RBI directs banks: Cease extra loan interest charges. The RBI has urged lenders to embrace online account transfers over issuing cheques in certain loan disbursal instances. This move aims to streamline processes and enhance efficiency in the lending system. By promoting digital transactions, the RBI seeks to reduce reliance on traditional cheque-based methods, which can

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Inheritance tax row: Nirmala Sitharaman warns India ‘will go back to era when Congress imposed…'

Nirmala Sitharaman warns India of returning to Congress-era inheritance tax imposition.

April 26, 2024 / News, Banking, Investing, Politics /

Nirmala Sitharaman warns India of returning to Congress-era inheritance tax imposition. Finance Minister Nirmala Sitharaman cautions that imposing inheritance tax could erase India’s last decade of progress, particularly impacting middle and aspirational classes’ hard-earned savings in small investments and property. Union Finance Minister Nirmala Sitharaman cautioned that India’s decade-long progress would regress to “zero” with

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BJP received 84% of top 10 individuals' electoral bonds.

BJP received 84% of top 10 individuals’ electoral bonds.

March 22, 2024 / Banking, Business, News, Politics, Social Issues /

BJP received 84% of top 10 individuals’ electoral bonds. Top 10 donors purchased ₹180.2 crore electoral bonds from 2019-2024. The top 10 individual donors collectively purchased electoral bonds amounting to ₹180.2 crore from April 12, 2019, to January 11, 2024. Among these contributions, ₹152.2 crore, accounting for 84.5%, was directed towards the Bharatiya Janata Party

BJP received 84% of top 10 individuals’ electoral bonds. Read More »

"Overview of UAE's implementation of global minimum tax."

“Overview of UAE’s implementation of global minimum tax.”

March 21, 2024 / Banking, Education, Finance, International Relations, Investing, News, Politics /

“Overview of UAE’s implementation of global minimum tax.” “The UAE Ministry of Finance (MoF) is holding a digital public consultation to seek feedback on implementing the global minimum tax (GMT) and other tax matters.” The UAE Ministry of Finance (MoF) has initiated a digital public consultation period from March 15 to April 10, 2024, inviting

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"ECI reshuffles district administration in five states."

“ECI reshuffles district administration in five states.”

March 21, 2024 / Banking, Business, News, Politics /

“ECI reshuffles district administration in five states.” “The action demonstrates dedication to fairness and integrity of the electoral process,” said the Commission. “The positions of DM and SP are encadred for officers from the Indian Administrative and Indian Police Service. The Commission’s action reflects dedication to fairness, as reiterated by Chief Election Commissioner Rajiv Kumar.”

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Delhi court grants bail to CM Kejriwal over ED summons.

“Kejriwal may skip ED’s 9th summons, seeks HC protection.”

March 21, 2024 / Banking, News, Politics /

“Kejriwal may skip ED’s 9th summons, seeks HC protection.” Delhi Chief Minister Arvind Kejriwal is expected to disregard the Enforcement Directorate’s ninth summons regarding the now-cancelled excise policy case, according to sources from the Aam Aadmi Party (AAP). In response to the Enforcement Directorate’s ninth summons in connection with the now-defunct excise policy case, Delhi

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SC mandates SBI reveal all electoral bond numbers without selection.

SC mandates SBI reveal all electoral bond numbers without selection.

March 18, 2024 / Banking, News, Politics /

SC mandates SBI reveal all electoral bond numbers without selection. A five-judge bench led by Chief Justice D Y Chandrachud emphasized that the apex court, in its previous ruling on the electoral bonds case, underscored the necessity of transparency in political funding. The court highlighted the importance of disclosing electoral bond details to uphold democratic

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Supreme Court criticizes SBI for withholding full electoral bonds data.

Supreme Court criticizes SBI for withholding full electoral bonds data.

March 15, 2024 / Banking, News /

Supreme Court criticizes SBI for withholding full electoral bonds data. The Supreme Court of India, in a significant development, has raised stern objections towards the State Bank of India (SBI) for its failure to provide complete data on electoral bonds. This scheme allowed for anonymous donations by individuals and businesses to political parties. The court,

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ED conducts raids on alleged RJD family associate in homebuyer funds case.

ED conducts raids on alleged RJD family associate in homebuyer funds case.

March 12, 2024 / Banking, News /

ED conducts raids on alleged RJD family associate in homebuyer funds case. The agency alleges Amit Katyal transferred over Rs 200 crore of homebuyer’s funds to Sri Lanka. The Enforcement Directorate (ED) has initiated a series of raids on multiple premises in the Delhi-National Capital Region (NCR) as part of an ongoing money laundering investigation.

ED conducts raids on alleged RJD family associate in homebuyer funds case. Read More »