16-11-2020

A trade deficit occurs when a country's imports exceed its exports during a given period. It records all economic transactions between residents and non-residents where a change in ownership occurs.

10-11-2020

Retail inflation continues to stay above the RBI’s upper-end target of 6% for the 7th straight month.

As per RBI’s 4th Bi-monthly MPC meeting, inflation is expected to ease to target by Q4 of 2020-21.

02-11-2020

GST collections for October grossed Rs 1.05 lakh crore, the highest so far in the financial year and 10% higher than collections in the same month last year.

22-10-2020

Tax liability of an individual can be reduced through 3 different methods- Tax Planning, Tax avoidance and Tax evasion.

16-10-2020

The State Bank of India, in the XIV Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches w.e.f. 19 Oct 2020 to 28 Oct 2020.

10-10-2020

The Monetary Policy Committee (MPC) is responsible for determining the policy interest rate required to achieve the inflation target. It meets on bi-monthly basis and decisions are published after each such meeting.

04-10-2020

Income Tax Return is a form for reporting gross taxable income from different sources, claiming tax deductions and declaring net tax liability to the income tax authority

29-09-2020

The taxability of an individual in India depends upon his residential status in India for any particular financial year. Learn on how such classification is done. for AY 2021-22.

26-09-2020

If you have filed your income tax returns with a refund request, here is a step by step guide for you to track the refund status due to you. Income Tax 

23-09-2020

The compulsory e-invoicing of business-to-business transactions of companies with more than ₹500 crore sales to kick in from 1 October 2020.

20-09-2020

SEBI has introduced new margin rules for standardizing the leverage norms and to achieve transparency in the stock market. These new set of  rules have been effective from September 1.

17-09-2020

Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion.
Flipkart is likely to choose between Singapore, or the US for the IPO.

14-09-2020

The law seeks to protect the interest of the depositors by bringing co-operative banks under the regulatory framework of Reserve Bank of India.

11-09-2020

Export of all varieties of onion except those cut, sliced or in powder form has been prohibited with immediate effect. A move aimed at increasing the availability and curbing prices of the commodity in the domestic market.

08-09-2020

SEBI has introduced a detailed portfolio structure for multi-cap funds. Such schemes must invest at least 25% of their portfolios in large, mid and small caps each.

05-09-2020

Automotive components maker Motherson Sumi will be issuing non-convertible debentures worth Rs 1,500 crore with a greenshoe option to retain oversubscription up to Rs 3,000 crore.

02-09-2020

Edu-tech startup Unacademy joins the unicorn club. After raising $150 million in its latest round of funding, the value of the company stands at $1.45 billion.

India is now home to 22 unicorns.

29-08-2020

As per the data released by the National Statistical Office (NSO), India’s Gross Domestic Product (GDP) for the April-June quarter (Q1) slipped by a sharp 23.9%.

26-08-2020

One of the highlights from the RBI's annual report is the increase in the number of cases detected relating to banking fraud. Total cases of frauds have increased 159% by value to Rs 1.85 lakh crore.

23-08-2020

The Department of Revenue has notified the 'Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020' which would come into force on 21 Sep 2020.

20-08-2020

India imposes anti-dumping duty on phosphoric acid from Korea for five years

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Read on types of custom duty

17-08-2020

It has been concluded by NFRA that the appointment of BSR as the statutory auditors of IL&FS was ab initio illegal and void.

14-08-2020

The country’s CPI spiked to 6.93% in the month of July mainly on account of higher food prices, the data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed.

11-08-2020

As world's second largest arms importer and to push Atmanirbhar Bharat initiative, Government bans import of 101 defence equipment.

08-08-2020

To increase customer safety in cheque payments and reduce fraud, the RBI has decided to introduce a mechanism of Positive Pay for all cheques of value ₹50,000 and above. Operational guidelines to follow.

05-08-2020

The union territory of Jammu & Kashmir has notified the rules under Real Estate (Regulation and Development) Rules 2020 and has become the 33rd state/UT to do so.

02-08-2020

Yes Bank had issued a demand notice to Reliance Infrastructure under the SARFAESI Act to recover its dues of Rs 2,892 cr. After the co. failed to repay the debt, it has issued the possession notice. What does SARFAESI Act say?

30-07-2020

The RBI has highlighted that opting for zero MDR by the govt had a negative impact on the survival of payment gateway entities, innovation efforts, job losses and a slowdown in the digital payment infrastructure

27-07-2020

RELIANCE INDUSTRIES LIMITED BREAKS INTO TOP 50 MOST VALUED COMPANIES GLOBALLY !!

24-07-2020

The Government has notified The Consumer Protection Act 2019, to be effective from 20 July 2020. It will empower consumers and help protect their rights

21-07-2020

The Supreme Court had asked telecom operators to pay a reasonable amount towards AGR dues to establish their bona fide before the next hearing. Vodafone has paid Rs 1,000 crore more yesterday. Next hearing on 20 Jul 2020.

18-07-2020

Google to invest ₹75,000 cr in India over 5-7 years through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.

15-07-2020

The rapid rise of COVID-19 cases and the wide range of measures to slow the spread of the virus, has slowed economic activity precipitously. The World Bank projects the output to contract by 3.2% in FY 2020-21 for India.

12-07-2020

Buy back is when company buys its own outstanding shares by utilizing free reserves and other permitted sources of funds. 

09-07-2020

Mukesh Ambani makes to the list of 10 world's wealthiest people with current NET WORTH surging to $64.5 billion

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What is Net Worth?

06-07-2020

The revision of MSMEs in definition was made under Atma-Nirbhar Bharat Abhiyaan Economic Package amidst the pandemic.

03-07-2020

SEBI has extended the timeline for submission of financial results under regulations 33 and 52 of the SEBI (LODR) Regulations, 2015 to 31 July 2020 due to the impact of the CoVID-19 pandemic.

14-11-2020

For primary residential real estate sales of up to ₹2 crore, the acceptable differential between circle rate and agreement value for the purpose of tax has been increased to 20% from 10%.

The offer will be applicable till 30 June 2021.

08-11-2020

SEBI has required open ended debt mutual funds to hold at least 10% of their corpus in liquid assets and has mandated them to conduct stress test. The rules for liquid holdings will be effective from 1 Feb 2021 and for stress testing from 1 Dec 2020.

26-10-2020

Following the order of the Supreme Court, the Centre has announced the scheme to ‘grant ex-gratia payment of difference between compound and simple interest to borrowers of specified loan accounts’ from 1 Mar to 31 Aug.

20-10-2020

The Income tax law in India provides taxpayers some benefits of incurring losses. The law contains provisions for set-off and carry forward of losses.

14-10-2020

Retail inflation continues to stay above the RBI’s upper-end target of 6% for the 6th straight month.

As per RBI’s 4th Bi-monthly MPC meeting, inflation is expected to ease to target by Q4 of 2020-21.

08-10-2020

The latest tranche of sovereign gold bonds will open for subscription on 12 Oct 2020. They are government securities denominated in grams of gold issued by RBI on behalf of Government of India.

02-10-2020

The country's GST collections grew 4% to Rs 95,480 crore in September, indicating that economic recovery is in sight.

It is the highest since lockdown began in March.

28-09-2020

Every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance.

Read about all the provisions of advance tax and related interest penalties.

25-09-2020

SIP in NPS to be launched before Dussehra. 

The government is making continuous efforts to improve NPS and make it more attractive for investors.

22-09-2020

Taxpayers who have sold shares will have to fill up finer details of every share sale in their income tax return for Assessment Year 2020-21 for computing long-term capital gains tax liability.

19-09-2020

Retail inflation eased marginally to 6.69% in August from 6.73% in July but stayed above the Reserve Bank of India's (RBI) upper-end target of 6% for the fifth straight month

16-09-2020

The power ministry has prepared draft rules providing for rights of electricity consumers for the first time. The objective is to provide consumers better services and facilities.

13-09-2020

The trade deficit between India and China in April-June this fiscal year fell to $5.48 billion as compared to $13.1 billion in the same period last year.

10-09-2020

How does the allotment in an issue that is overwhelmingly subscribed, work?

07-09-2020

"Our teams are working hard to take us to IPO sometime in the first half of the next year" - Deepinder Goyal, CEO Zomato

04-09-2020

Entire GST compensation owed to states will be honoured : Union government

01-09-2020

Telcos get 10 years to clear AGR dues; should pay 10% by 31 Mar 2021. It has exempted Airtel and Reliance Jio from paying around 40,000 crores of past dues for using spectrum of telecom companies, that are now bankrupt.

28-08-2020

Estimated Compensation Cess for FY21 has been estimated at Rs 3 lakh crore while the estimated collection in the year has been pegged at Rs 65,000 cr., leaving a shortfall of Rs 2.35 lakh cr.

Centre places 2 options before states.

25-08-2020

The Central Board of Indirect Taxes and Customs (CBIC) notified 1 SEPTEMBER 2020 as the date from which interest would be charged on net tax liability.

22-08-2020

The Delhi High Court has ruled that Singapore-based MasterCard Asia Pacific Ltd has a permanent establishment here, and hence equalisation levy shall not be applicable.

19-08-2020

Almost five months into the financial year, DIPAM is yet to open its account, although it is chasing a record disinvestment target of Rs 2.1 lakh crore, raising doubts over its ability to complete transactions.

16-08-2020

India posted a trade deficit of $4.83 billion in goods in July, after reporting its first trade surplus in over 18 years in the previous month.

13-08-2020

 Hon’ble Prime Minister of India has launched “Transparent Taxation-Honouring the Honest” programme digitally harped on three basic facets, Faceless Assessment, Faceless Appeal and Citizens Charter

10-08-2020

Foreign Exchange Reserves in India averaged 235.8 USD Billion from 1998 until 2020, has reached an all time high of 534.5 USD Billion !!

07-08-2020

Releasing the data of how many ITRs were sent for scrutiny each year, the I-T department said in the AY 2015-16, 0.71% of ITRs were sent for scrutiny while in 2018-19 the number dropped down to 0.25%.

04-08-2020

The IPO of Mindspace Business Parks REIT received a robust response and was subscribed nearly 13 times. This is the second REIT to hit the IPO market after Embassy Office Park REIT. But what is a REIT ?

01-08-2020

Gold prices have crossed the ₹52,000 level for the first time. It is touching new highs every day and analysts say the rally in the precious metals is far from over.

29-07-2020

As per the 21st issue of fsr by RBI, Gross NPA ratio of all SCBs may increase from 8.5% in March 2020 to 12.5% by March 2021 under the baseline scenario, and to 14.7% under a very severely stressed scenario.

26-07-2020

Today, Flipkart group announced the launch of Flipkart Wholesale and acquisition of Walmart India.
It will be launched in August and will pilot services for the grocery and fashion categories.

23-07-2020

There are a number of tax saving avenues available under various sections of the Income Tax Act 1961 that help you save your tax. One that has gained wide popularity among taxpayers is Section 80C

20-07-2020

The YES Bank has launched ₹ 15,000 cr FPO on 15 Jul 2020 to recover from the huge bad debt and generate funds from the share sale to enhance the capital base

Read about IPO and FPO

17-07-2020

Qualcomm ventures, the investment arm of qualcomm inc, has committed to invest

₹ 730 crores for an equity stake of 0.15%

14-07-2020

Recourse and non-recourse loan arrangements allow lenders to lay claim to assets if borrowers default on their obligations and fail to repay their debts.

11-07-2020

PVR fixes the rights issue price at Rs 784 per share, to allot 7 rights shares for every 94 held by eligible shareholders as on the record date i.e. 10 Jul. The co's 300 crore rights issue will open on 17 Jul and close on 31 Jul.

08-07-2020

Bonus shares are shares distributed by a company to its current shareholders as fully paid shares free of charge.

05-07-2020

The Oil Marketing Companies (OMCs) have increased petrol and diesel prices in India since 7 Jun 2020. Increase has been highest for any fortnight since fuel pricing was deregulated in 2002.

02-07-2020

Extension of deadlines amidst COVID-19 pandemic.

12-11-2020

Stock exchanges hold a special symbolic trading session on the occasion of Diwali, which is called Muhurat Trading.

This year it will be held from 6.15 pm to 7.15 pm on 14 Nov 2020.

06-11-2020

To make sure the potential of international equities is well within the reach of Indian investors, the market regulator SEBI has enhanced the overseas investment limit for mutual funds.

24-10-2020

Answer to a common question that emerges - Whether receipt of subsidy is taxable or tax free in the hands of the recipient? Whether it is income within the purview of income tax?

18-10-2020

In certain cases, income of other person is included in the income of the taxpayer and in such a case he will be liable to pay tax in respect of his income as well as income of other person. Such situation is called clubbing of income.

12-10-2020

Delisting refers to removal of listed stocks from stock exchange.

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How does delisting work, and why did Vedanta fail at it ?

06-10-2020

SEBI has tightened its regulations of AT-1 bonds and ensured that these risky instruments are less accessible to retail investors.. These will be applicable from 12 Oct 2020.

30-09-2020

The compulsory e-invoicing of B2B transactions of taxpayers with more than ₹500 crore sales to kick in from 1 October 2020. A further 30-day grace period has been given for those not yet ready for GST e-invoice.

27-09-2020

SEBI has come out with a standardized timeline for listing securities on private placement.

It shall come in force from 1 December 2020.

24-09-2020

Sellers having ₹10 crore revenue in the previous year need to collect income tax at source at the rate of 0.1% on receipt of sale consideration above ₹50 lakh. The tax is applicable to the amount above ₹50 lakh.

21-09-2020

Gifting is one of the many ways to express love and affection. It is a custom to gift your closed ones during occasions especially in India.

Let us understand its tax implications.

18-09-2020

SEBI stated that MF investors would be able to avail the closing net asset value (NAV) of a scheme on the day their funds are realised. 

The new ruling would come into effect from 1 January 2021.

15-09-2020

The Bill was tabled by Finance Minister Nirmala Sitharaman amends the Insolvency and Bankruptcy Code 2016 which provides a time-bound process for resolving insolvency in companies and among individuals. 

12-09-2020

Any Acts is introduced into the Indian Constitution only after the draft bills are passed by the parliament.

How are these passed in the Indian Parliament to become an act?

09-09-2020

The ₹702-crore initial public offering (IPO) of Happiest Minds Technologies Pvt. Ltd closed with overwhelming investor response and was subscribed 150.98 times, making it the 8th biggest IPO of the last decade.

06-09-2020

Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above ₹7 lakh, will attract TCS beginning 1 October unless tax is already deducted at source (TDS) on that amount​​

03-09-2020

Happiest Minds Technologies has opened its Rs 702 crore IPO for 3-day bidding today. It was trading at more than 60% premium over issue price in the grey market.