GST Compensation Cess levy extended by nearly four years;  by March 2026

GST Compensation Cess levy extended by nearly four years; by March 2026

GST Compensation Cess extended till March 2026 New Delhi: By almost four years, till March 31, 2026, the government has extended the deadline for levying the GST Compensation Cess. The Compensation Cess will continue to be collected from July 1, 2022 to March 31, 2026, as per the Goods and Services Tax (Duration and Collection…

“Can’t Defy Gravity,” Crypto Fears Now Finally Materialize: Central Bank Body

“Can’t Defy Gravity,” Crypto Fears Now Finally Materialize: Central Bank Body

Central bank body BIS says crypto fear is now materializing The Bank for International Settlements has said that the recent explosions in the cryptocurrency markets indicate that there are longstanding warnings about the dangers of decentralized digital money. The BIS, the global umbrella body for central banks, warned in an upcoming annual report, in which…

How salary, tax and other rules can change after June 30: 10 points

How salary, tax and other rules can change after June 30: 10 points

Here are the highlights of the new rules, changes, proposals and timelines Here’s a list of new rules, proposals, and deadlines on your take-home pay and working hours, taxes and upcoming changes to the cards. Here are your 10-point highlights: Salary in hand, employee provident fund contribution and working hours may change significantly as the…

How to Check Beneficiary List for Pradhan Mantri Gramin Awas Yojana

How to Check Beneficiary List for Pradhan Mantri Gramin Awas Yojana

Under the Pradhan Mantri Gramin Awas Yojana, the government provides houses to the rural poor. The central government’s flagship program – Pradhan Mantri Awas Yojana-Gramin (PMAY-G), or Pucca Awas Yojana – aims to build houses in rural areas. PMAY-G was launched in November 2016 with a target of completing 2.7 crore houses. According to the…

Global stocks gain sharply for the week on tempered inflation outlook

Global stocks gain sharply for the week on tempered inflation outlook

Shares gain sharply for the day and week, while copper declines further The recent fall in commodity prices stoked concerns about inflation and the prospect of a rate hike, prompting stocks in international markets on Friday to rally and post significant gains for the week. The MSCI global index jumped 4.8 percent for the week,…

Card data collection rule implementation deadline extended till 30 September

Card data collection rule implementation deadline extended till 30 September

RBI extends card token deadline by three months Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for card-on-file (CoF) tokens by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or COF, refers to card information stored by payment gateways and merchants to process…

Maharashtra ministerial delegation meets Foxconn chief, discusses investment plans

Maharashtra ministerial delegation meets Foxconn chief, discusses investment plans

A high level delegation from Maharashtra meets Foxconn Chairman Young Liu A high-level delegation from Maharashtra, led by Industries Minister Subhash Desai, on Friday met Young Liu, chairman of electronics maker Foxconn, and discussed advanced investment plans in the semiconductor and consumer electronics segments. Foxconn, the world’s largest electronics maker, is exploring the South Asian…

What did RBI say on rupee depreciation and inflation?  Read here in 10 points

What did RBI say on rupee depreciation and inflation? Read here in 10 points

RBI has made some important comments on rupee depreciation and rising inflation Reserve Bank of India Governor Shaktikanta Das and Deputy Governor Michael Patra today made some important comments on the depreciating rupee and rising inflation. Here’s your 10-point guide to the story: “We are well on track to moderate inflation and inflation expectations. By…