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Unaware of RBI Portal to make Pre-Deposit u/s 35F of CEA: Jharkhand HC Grants Relief to Unregistered Dealer [Read Order]

The unregistered dealer who failed to pay service tax and also the pre-deposit required by section 35F of the Central Excise Act of 1944 received...

Budget 2023 - Economic Survey -Inflation challenge - taxscan

Budget 2023 Economic Survey Predicts Inflation challenge in FY24 a lot less Stiff than in 2023 [Read...

ITAT Allows Tax Holiday Relief u/s 10A to IBM India [Read Order]

RBI Rationalizes Reporting of Foreign Investment in SMF on FIRMS Portal

RBI - Housing Loan - Real Estate - Residential Housing - credit - Taxscan

RBI enhances Individual Housing Loan limits and credit to Commercial Real Estate - Residential...

RBI to Launch First pilot for Retail Digital Rupee (e₹-R) from 1st December

The Reserve Bank of India (RBI) has announced the launch of the first pilot for retail digital Rupee (e₹-R) on December 01, 2022. Earlier, on 31st October 2022, the RBI had, in a Press...

RBI includes GSTN as a Financial Information Provider under Account Aggregator Framework [Read Notification]

The Reserve Bank of India (RBI) has issued a notification regarding the Inclusion of the Goods and Service Tax Network ( GSTN ) as a Financial Information Provider (FIP) under the Account...

RBI Imposes Penalty of Rs. 1.76 Crores for Non-Compliance with White Label ATM Directions

The Reserve Bank of India ( RBI ) has imposed a monetary penalty of ₹1,76,00,000 (Rupees One Crore and Seventy Six Lakh only) on Vakrangee Limited (the entity) for non-compliance with certain...

RBI - Penalty - Non-Compliance - White Label ATM Directions - taxscan

Centre Re-Appoints Smt. Revathy Iyer as Board of Directors of NABARD [Read Notification]

The Central Government has re-appointed Smt. Revathy Iyer, Director, Central Board of Reserve Bank of India (RBI) on the Board of Directors of National Bank for Agriculture and Rural Development...

Centre Re-Appoints - Smt. Revathy Iyer - Board of Directors of NABARD - NABARD- Taxscan

MCA releases Booklet 'BE(A)WARE' on Measures to Overcome Fraudulent Schemes

The Ministry of Corporate Affairs ( MCA ) has released a booklet titled “BEWARE” for the public to overcome the fraudulent schemes. There has been a surge in usage of digital modes of payment in...

e-RUPI : Read the Uses and Scope of India's New Digital Rupee

What is e-RUPI? The e-RUPI voucher is an end-to-end digital solution to sponsor benefits and services to beneficiaries. e-RUPI can be issued by the sponsor with the support of Issuer banks. It is...

Non-Accrual of Interest on Borrowings by Companies in Violation of Indian Accounting Standards: NFRA Asks Auditors to Strictly Follow Norms [Read Order]

The National Financial Reporting Authority (NFRA) has advised all the Companies to follow Ind AS and their audit committees and advised not to discontinue recognition of the principal or interest...

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