Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
Prasad said country's postal department is 150 years old and needs improvement and the government is trying its best to do the needful.
Go-getter, ambitious, dynamic, workaholic are some of the adjectives that officials who worked closely with B V R Subrahmanyam use to describe him.
The candidate will be expected to have at least two to three years of remaining service.
Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India's (RBI) norms mandated deactivation of cards that have been inactive for a year. The second quarter of the current financial year saw outstanding cards-in-force decline by 2.55 million to 77.7 million. Prior to this, the industry, on an average, was witnessing a net addition of over 1.5 million credit cards a month as players became aggressive on the unsecured lending business after the pandemic.
The most sought after exam for aspiring probationary officers will be held on Sunday, April 28.
The Andaman and Nicobar police have arrested a Port Blair-based businessman, carrying a reward of Rs 1 lakh, from Haryana in connection with a gang rape case, an officer said on Monday.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Financial institutions are 300 times more vulnerable to cyberattacks than any other industry.
SC asked AG to file an affidavit about the measures undertaken by the govt and RBI to minimise public inconvenience.
They alleged that the central bank has "failed miserably" in handling the situation post-demonetisation.
'Imagine for a soldier -- first you conquer territory after fighting a fierce battle, suffer casualties and then you are ordered to come back to your side of the International Border in India.'
Chatterji's posting at PMO is seen as a major move to bring the PMO and the Congress closer.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
Gill, who studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012.
This is the first time that a retired officer has been appointed at this position for which a gazette notification was issued to announce the change in rules for the appointment.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
P Murugesan has been sending telegrams for 33 years in rural Tamil Nadu. He remembers hectic marriage seasons, many moons ago, when everyone sent telegrams. And days when even 15 Morse machines could not handle the load...
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
'Companies are coming to the campuses, and we have companies booking their slots for the placement season, but the overall number of companies signing is low, and the hiring numbers are also lower.'
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
'Villages are much better prepared than towns as far as COVID-19 is concerned.'
Missing the deadline for filing Income Tax returns can lead to consequences.
Vigilance Commissioner Suresh N Patel was on Wednesday appointed as the Central Vigilance Commissioner, a year after the post fell vacant.
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
A four-member team of the Delhi Police on Thursday reached AltNews co-founder Mohammed Zubair's residence in Bengaluru as part of the investigation related to his 2018 tweet that led to his arrest, police said.
Jitendra Kumar was arrested on July 11 for no fault of his and only released 86 days later.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
'These companies hired in high numbers last year and are balancing that out this year by recruiting fewer freshers.'
In a double delight, retail inflation eased to a one-year low of 5.72 per cent - staying below the upper tolerance limit for two months in a row, while factory output rose sharply to 7.2 per cent on the back of healthy growth in manufacturing. The retail inflation numbers based on Consumer Price Index (CPI) will provide some room for the Reserve Bank to further moderate the quantum of hike in key interest rate or even press a pause button. The RBI has been on a rate hiking spree since May 2022 in its bid to tame inflation, having raised the repo rate by a cumulative 225 basis points (bps).
The receipts have risen after falling for two successive years. Within the gainers among the small savings schemes, the maximum increase was seen in the case of post bank deposits, which had bucked the trend in earlier years as well. During 2008-09, the total receipts were estimated to have increased by 21.65 per cent to Rs 52,513 crore, as against Rs 43,165 crore. The outstanding under the scheme rose 12.27 per cent to Rs 22,217 crore.
The Nepal government signed a $215.96 million soft loan agreement with China in March 2016 for the construction of the airport in this tourist hub.
'Society deals with you the way they do, or forms an opinion, depending on if your family is with you every step of the way.'
PAN will be a must for all transactions, including purchase of jewellery, above Rs 200,000 with effect from January 1, 2016
A special panel of doctors was formed for Zahhad's delivery, and a separate room was allotted to both.
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