Home » Archives by category » Business » Money (Page 3)

Now, your PF account will be transferred automatically on job switch

Now, your PF account will be transferred automatically on job switch

From next month, your PF account will be transferred automatically when you change your job, chief provident fund commissioner V.P Joy has said. Joy, who is pushing a slew of…

Ensure safety of customers’ lockers: RBI to banks

Ensure safety of customers’ lockers: RBI to banks

The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed.…

Govt deactivates 11.44 lakh PAN cards

Govt deactivates 11.44 lakh PAN cards

In a bid to crackdown on fraudsters holding multiple PAN cards to evade taxes, the central government has deactivated around 11.44 lakh PAN cards by July 27 this year. The…

RBI cuts key rate by 0.25%; home, auto EMIs to be lower

RBI cuts key rate by 0.25%; home, auto EMIs to be lower

The Reserve Bank cut its key lending rate by 0.25 per cent – first time in 10 months – to about 7-year low of 6 per cent, a move which…

Govt extends ITR filing deadline to August 5

Govt extends ITR filing deadline to August 5

In a last minute decision, the government extended the deadline for filing Income Tax Returns (ITRs) till August 5, a top official said. The official twitter handle of the department…

Snapdeal ends merger talks with Flipkart; to go solo

Snapdeal ends merger talks with Flipkart; to go solo

Snapdeal called off the USD 950 million-takeover (over Rs 6,000 crore) by Flipkart, apparently over differences in valuation and terms of what could possibly have been the largest deal in…

SBI cuts savings bank rate by 0.5% on deposits up to Rs 1 cr

SBI cuts savings bank rate by 0.5% on deposits up to Rs 1 cr

The decline in rate of inflation and high real interest rates have prompted State Bank of India to cut the savings bank deposits rate from 4 per cent to 3.5…

New Rs 200 note likely to come into circulation next month

New Rs 200 note likely to come into circulation next month

The RBI has reportedly already started printing the first batch of Rs 200 note in June to ensure easy currency availability in the country. “We have already started printing of…

Demonetisation, GST to widen tax base, make cash dealing difficult: Jaitley

Demonetisation, GST to widen tax base, make cash dealing difficult: Jaitley

Finance Minister Arun Jaitley on Saturday said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base.…

RIL issues bonus share after 12 years

RIL issues bonus share after 12 years

Reliance Industries Ltd announced one bonus share for every share held – the first such issue after 12 years, and a dividend of Rs 13 a share. Announcing the 1:1…