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Finance

EPFO Introduces Auto-Claim Settlement for Education, Marriage, and Housing Advances

Effective May 6th, 2024, Employees' Provident Fund Organization (EPFO) has launched an auto-mode settlement system for advance claims related to education, marriage, and housing,...

RBI Modifies Norms for Investment in Alternative Investment Funds

The Reserve Bank of India (RBI) has announced modifications to the norms governing investments of banks, non-banking financial companies (NBFCs), and other lenders in...

Banks Shift Focus from Non-Renewable to Renewable Energy Financing, Embracing ESG Criteria

In a significant shift towards sustainable financing, Indian banks are redirecting their focus from non-renewable energy projects to renewable sources, as indicated by recent...

India’s Soaring Stock Market Attracts Global Investors through Diverse Investment Avenues

In a remarkable turn of events, India's stock markets have surged to become the fourth largest globally, surpassing Hong Kong, and attracting investors seeking...

REC Limited and Bank of Baroda Join Forces to Fuel Power, Infrastructure, and Logistics Projects

In a significant move towards advancing sustainable growth and strengthening India's infrastructural backbone, REC Limited and Bank of Baroda have inked a Memorandum of...

AMFI Announces Revised Market Categorization List for H1 CY24: Notable Shifts in Largecap and Midcap Thresholds

The Association of Mutual Funds of India (AMFI) unveiled the revised market categorization list for the first half of the calendar year 2024 (H1...

Indian Financial System Shows Resilience and Improvement: Report

In a report released by the Reserve Bank of India on Thursday, the Indian financial system is revealed to be steadily improving, with banks'...

Significant Growth Noted in Direct Tax Collections for FY 2023-24

The Central Board of Direct Taxes (CBDT) has revealed the provisional figures of Direct Tax collections for the Financial Year 2023-24, as of December...

Union Finance Ministry Clarifies Parliamentary Committee Agenda, Dispels Merger Speculations

The Union Finance Ministry has issued a clarification on the agenda of a parliamentary committee meeting scheduled for early next year, putting an end...

Record-Breaking 7.85 Crore ITRs Filed Till October 31, Reflecting an Impressive 11.7% Year-on-Year Increase

Until October 31, 2023, the Income Tax Department achieved a record-breaking number of Income Tax Returns (ITRs) filings, which marked the deadline for filing...

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