Union Finance Minister Nirmala Sitharaman presented the interim Budget 2024 on Thursday, February 1, 2024. This is not a full Budget, but only a vote on account Even though this is an interim budget, there were great expectations from the FM Let us take a look at the most important …
Read More »Sebi eases KYC norms for mutual fund investors
The capital market regulator has relaxed the revised rules for KYC that came into effect on April 1 thereby simplifying the risk management framework. The market regulator mentioned that “SEBI vide circular dated Oct 12, 2023, has specified the Risk Management Framework at KRAs wherein the attributes for verification by …
Read More »Gold hallmarking: What are the charges to hallmark gold, silver articles – Objective of hallmarking
May 15, 2024, 02:14:21 PM IST 1/7 Objective of hallmarking The Hallmarking Scheme aims to safeguard consumers from fraudulent activities involving gold and silver that compromise their purity, and boost export competitiveness. Hallmarking of gold jewellery became mandatory on June 16, 2021. From April 1, 2023, the government said that …
Read More »Older petty tax demands to be waived
The government has extended an olive branch to taxpayers who are still dealing with petty tax demands related to previous years. It has proposed to withdraw all direct tax demands up to Rs.25,000 pertaining to any year until 2009-10 and up to Rs. 10,000 for the years 2010-11 to 2014-15. …
Read More »loan against MFs: Borrowing against mutual funds: All you need to know
Money is sometimes needed for short tenures like 2-3 months or up to a year. One option is to redeem your mutual funds to the extent of money required, financial planners suggest borrowing against your funds for such short-term needs. HOW CAN YOU GET A LOAN AGAINST YOUR MUTUAL FUND …
Read More »SBI Card Miles Elite: Know details of international travel privileges, lounge program, travel credits and more – New SBI travel cards
· 8 complimentary Domestic Airport Lounge visits every year (max. 2 visits per quarter) · 15 additional Domestic Airport Lounge visits, basis spends of every ?1 Lakh · This offer is brought to you by Mastercard and Rupay and is for limited period only. For Terms and Conditions, visit MasterCard …
Read More »Though no change in interim budget, full budget should ease these pain points of investors
Once upon a time, a good budget was one that did a lot of things. Now, a good budget is one that does as little as possible, and I mean that as a change for the good rather than the worse. Union Budgets used to need a lot of commentary …
Read More »Zerodha Nifty 1D Rate Liquid ETF crosses Rs 1,000 crore AUM
Zerodha Mutual Fund announced that Zerodha Nifty 1D Rate Liquid ETF crossed Rs 1,000 crore assets under management (AUM). The unique scheme from the fund house marked the arrival of Liquid ETFs that offer a growth NAV for the first time in India, according to a press release from the …
Read More »4 measures taken by TRAI to combat financial cyber frauds
4 measures taken by TRAI to combat financial cyber frauds Source link
Read More »Widows of accident victim & vehicle owner get relief from Supreme Court, motor insurer to pay Rs 13.7 lakh
The Supreme Court has ordered IFFCO Tokio General Insurance Co. Ltd to pay a compensation of Rs 13.7 lakh with interest to the family of an individual who died in a road accident in May 2010. The compensation was part of a third-party insurance cover taken by the owner of …
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