Category: Finance
Sensex Plummets By 610 Points, Nifty Ends The Day Below 19,550, TechM Drops By 4%, And Quick Heal Rises By 18%
As the October series F&O contracts reached their monthly expiration on Thursday, domestic equity markets ended the day substantially lower. After a brief bounce, the markets declined due to weak global sentiment. The Dalal Street mood was affected by the rise in US Treasury yields and the rise in crude oil prices. BSE’s benchmark Sensex…
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Despite Regional US Bank Failures, The Indian Banking Sector Has Remained Resilient
Global finance has been rocked by a recent wave of regional bank failures in the US, beginning with Silicon Valley Bank. According to research by credit rating firm Crisil, the impact on the Indian banking system is anticipated to be minimal. A depositor run on Silicon Valley Bank, a significant lender to the technology startup…
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The Deadline For Goods Transport Companies To Select A Gst Payment Method Is Extended By The Indian Government
The deadline for Goods Transport Agencies (GTAs) to choose to pay Goods and Services Tax (GST) on a forward charge basis for the current fiscal year has been extended by the Indian government. GTAs have the choice of using a reverse charge mechanism or a forward charge basis to collect and remit GST. The tax…
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Irdai Praises Insurers For Protecting Policyholders By Prohibiting The Use Of Credit Cards To Repay Insurance Policy Loans
The Insurance Regulatory and Development Authority of India (Irdai)’s decision to forbid the repayment of loans obtained against life insurance policies using credit cards has been praised by insurers. Because credit card issuers charge higher interest rates on outstanding balances, insurance experts contend that using credit cards to pay off loans is not in the…
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The Indian Finance Ministry Approves The Use Of Aadhaar-Based Authentication For The Kyc Process By 22 Financial Institutions
22 financial institutions, including Amazon Pay (India) and Hero FinCorp, have been permitted by the Finance Ministry to use Aadhaar-based client authentication. This action is intended to speed up the Know Your Customer (KYC) process and streamline the authentication procedure. The ministry announced that these 22 businesses, which are already required to report to the…
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Record-Breaking GST Collection, 1.87 Lakh Crore Is The Height
The government has recently shared the data regarding the Goods and Services Tax (GST) collection. Breaking all the records GST collection for April in the financial year 2023-2024 stands at 1.87 Lakh Crore. This figure is at an all-time high since the introduction of GST into the system, as Government says. The previous highest gross…
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