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Deposit rates unlikely to rise in next few quarters
After two years of declining returns, a key question troubling Indian savers and pensioners is – are deposit rates going up anytime soon? The answer is no. In fact, rising inflation could further eat into returns in the months ahead. As of this past February, a one-year term deposit fetched an average 5.20 per cent […]
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Only a few hours left to file your tax return for assessment year 2020-2021
If you fail to file your tax return by the stroke of midnight, you might have to face IT Department enquiry and later pay penalty and interest on the tax payable
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India records 56,211 fresh COVID-19 cases
The number of people who have recuperated from the disease surged to 1,13,93,021, while the case fatality rate stands at 1.34 per cent
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Be sure to make these disclosures in your Income Tax Return 1 April onward
It will be mandatory for taxpayers to disclose information regarding stock trading, mutual fund transactions, income from dividends and post office deposits etc. while filing ITR
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Haven’t filed ITR? Here’s how your cash withdrawals will be taxed
If you are non-ITR filer, and your overall cash withdrawal exceeds Rs 20 lakh, but is less than Rs 1 crore in a given financial year, 2% TDS will be deducted on amount exceeding Rs 20 lakh
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Indian rupee logs over 4% gain this fiscal amid headwinds on economic front
The local unit is likely to average around 73.50-74 in the financial year 2021-22, as despite a vaccine, the coronavirus hysteria still persists and may continue to grapple the foreign exchange market
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WHO report says animals likely source of COVID
The report's release has been repeatedly delayed, raising questions about whether the Chinese side was trying to skew the conclusions to prevent blame for the pandemic falling on China
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Suez Canal blockage: From crude to coffee, no respite for global supplies
The obstruction is holding up $9 billion each day in global trade and straining supply chains already burdened by the coronavirus pandemic
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Spike in fresh COVID-19 cases, India records 68,020 new infections
A total of 68,020 new cases were reported in a day, the highest recorded since October 11 last year, taking the country's tally of cases to 1,20,39,644, while the death toll increased to 1,61,843 with 291 fatalities
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Your home and auto loan rates unlikely to change for now
The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021 after a three-day meeting of the MPC headed by RBI Governor Shaktikanta Das
