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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…
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…
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…
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…
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,…
RBI imposed penalty on Indian Overseas Bank Mumbai (Maharashtra): The Reserve Bank of India (RBI) on Friday said it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance of certain directions of the central bank. The central bank said in a notification that Indian Overseas Bank failed to report…
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…
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…
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…