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RBI data showed bank deposits reached Rs 200.8 lakh crore as of December 29, 2023, marking a rise of 13.2% from the corresponding period a year earlier. Of this amount, Rs 176 lakh crore was in term deposits and the rest was in savings and current account.
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Indians can now receive remittances from Singapore directly into their bank accounts on real-time basis through major UPI and bank apps, like SBI, Axis Bank, and ICICI Bank, the National Payments Corporation of India (NPCI) said on Thursday. This facility can be accessed by users of BHIM, PhonePe, and Paytm apps. Additionally, banks such as […]
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In a yearly ranking of tax-saving instruments, 10 tax-saving options were examined on as many as eight parameters - returns, safety, flexibility, liquidity, costs, transparency, ease of investing and taxes applicable to these
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The demands have been raised over alleged discrepancies in annual returns and claims for input tax credit six years ago ie. FY17-18
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The government has reset interest rates on some of the small saving instruments for January-March 2024 quarter. Interest rates on Sukanya Samriddhi scheme have been raised by 20 basis points and three-year term deposit scheme by 10 basis points. There has been no change in the rates for other small saving schemes like Kisan Vikas […]
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Markets regulator Sebi on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was December 31, 2023. The move is aimed at helping investors to secure their […]
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To realise the $100 billion revenue dream, the country’s EV market needs to grow more than 10 times in volume in the coming six to seven years
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The list is dominated by European companies from six countries with 21 spots
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The Confederation of All India Traders has expressed a lot optimism based on the numbers and a crucial element of the demand is the requirement for hotel rooms for the functions
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The amount is 5% more than FY22. It is also close to 1.2 billion tonnes recorded by Japan, which is the fourth largest economy both in nominal and purchasing power parity terms.
