Category: usnews

The finance ministry issued a clarification on the matter through a series of tweets. (Representational) New Delhi: While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.  Users or consumers purchasing … Read More “Why Credit Card Spends Overseas Won’t Be Taxed At Source” »

The bill was passed by a voice vote. (File) The Tamil Nadu Assembly today passed the Factories (Amendment) Act 2023 providing flexible working hours for employees in factories across the State, amidst protests and claims by several parties that the Act would stretch the mandatory working hours to 12 hours from the present 8 hours … Read More “Tamil Nadu Factories Bill Providing Flexible Working Hours Passed Amid Protests” »

The country’s reserve position with the IMF was up by USD 12 million. (Representational) Mumbai: India’s forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released today. In the previous reporting week, the overall reserves rose by … Read More “Forex Reserves Rise To $586.41 Billion, Reach Over 9-Month High” »

Rising interest rates fuelled a spike in net interest income for JPMorgan Chase. (Representational) New York: Top American banks delivered healthy quarterly profit gains on Friday, beating analyst forecasts as the sector’s biggest names emerged unscathed from the turmoil hitting smaller lenders, Asia Nikkei reported. JPMorgan Chase, the country’s largest bank, reported a $12.6 billion … Read More “Top American Banks Exceed Earnings Expectations On Higher Interest Rates” »

Some of the important data held by the accused includes the data of defence personnel Hyderabad: The Cyberabad Police on Saturday said they arrested a person who was allegedly involved in stealing, holding and selling of personal and confidential data of 66.9 crore individuals and organisations belonging to 24 states and eight metropolitan cities. A … Read More “Man Who Stole Personal Data Of Nearly 70 Crore Arrested: Cyberabad Cops” »

The government’s total liabilities rose to Rs 150.95 lakh crore in December quarter (Representational) New Delhi: The government’s total liabilities rose to Rs 150.95 lakh crore in December quarter from Rs 147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase … Read More “Government’s Total Liabilities Rise 2.6% To Rs 150.95 Lakh Crore In Q3 FY23: Report” »

Commercial LPG Cylinder: No changes have been made in the prices of the domestic LPG cylinders. Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday. A 19 kg of Commercial LPG cylinder will now cost Rs 2,028 in the national capital. However, … Read More “Commercial LPG Cylinder Prices Slashed By Rs 91.50 In Delhi” »

The highest increase was in the interest rate of the National Savings Certificate. (Representational) New Delhi: The government today raised interest rates on most post office saving schemes by up to 0.7 per cent for the April-June 2023 quarter in line with the firming of interest rates in the economy. While the interest rates for … Read More “Centre Raises Rates On Some Small Saving Schemes By Up To 0.7%” »

Paytm has said that this would not affect existing merchants. (Representational) New Delhi: Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday. The Reserve Bank of India in November rejected its … Read More “Paytm Gets 15-Day Extension To Apply For Online Payment Aggregator Permit” »