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The loading/reloading of such PPI can be done only from a bank account and it can be used only for making digital payments such as bill payments, merchant payments, etc.

Digital Payments Index soon

The index will be made available from July 2020.

7 Feb 2020 2:04 AM IST

Investors added risk in November as their portfolios are no longer explicitly geared to assets that outperform in a low growth & low inflation backdrop, the survey said.

Financial sector stocks rally

The PSBs also gained with Nifty PSU Bank Index closing up by 2.83 per cent.

7 Feb 2020 2:02 AM IST

As per section 4 (2) b of the RERA Act, it is mandatory for the realtor to disclose litigations connected to the project, which is registered with the MahaRERA.(Representational image)

Realtors happy with relief, but wanted rate cut

However, the sector has been looking forward for rate reduction and better transmission of rates to push demand at the...

7 Feb 2020 2:00 AM IST

Reserve Bank of India (RBI)

Policy measures to drive credit growth

The special dispensation will be for all bank credit to these sectors for a period of six months between January 31 and...

7 Feb 2020 1:58 AM IST

RBI Governor Shaktikanta Das.

RBI keeps rates intact, clears way for cheaper loans

The central bank also announced a one-time permission to extend restructuring of MSME loans.

7 Feb 2020 1:20 AM IST

Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.

Fintech startups to spot raise pre Series A up to USD 1 mn at FinTech...

FInD the next Unicorn' applications open between February 6 -14

6 Feb 2020 12:58 PM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Amfi seeks clarification from tax authorities on removal of DDT, TDS...

The dividend amount will be added to investors' taxable income and taxed as per the individual tax bracket.

5 Feb 2020 1:44 PM IST

The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition.

New tax structure gives option to save tax: Revenue Secy

In the new regime, 5 per cent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh.

4 Feb 2020 11:01 AM IST

The real estate sector has filed 115 insolvency cases till September and $1 billion has already been transacted under stressed asset deals in 2019.

Real estate stakeholders disappointed by Budget 2020

The industry was hoping that the government will come up with measures to boost housing demand.

3 Feb 2020 1:16 PM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Small savings rate may see moderation next quarter: DEA secy

Government refrained from cutting interest rates on small savings schemes, including Public Provident Fund.

3 Feb 2020 12:02 PM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

Dividend will be taxed in hands of investors: FM

The removal of DDT will lead to estimated annual revenue forgone of Rs 25,000 crore.

2 Feb 2020 5:50 AM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Non-taxpaying NRIs will be taxed as Indian residents

The Budget also proposed to reduce the period of stay in India to 120 days from 182 days earlier for PIOs to be...

2 Feb 2020 5:43 AM IST