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Tuesday, February 25, 2025

Finance

Here’s why North East India must be the focus for MSMEs expansion and growth

North-East India comprising seven sister states covers 263179 Km/Sq. of India. The region enjoys a strategic geographical location with an international border of 5,182 km. The North-East region is India’s gateway to south-east Asia. This unique geography can become a boon...

PayU introduces versatile product suite for SMBs to access credit

PayU's new product suite gives easy access to credit PayU, India’s leading online payments solutions provider, has introduced a full-stack, versatile product suite to provide simplified access to credit for PayU’s 3.5 lakh merchants. PayU has launched three products –...

Recordent creates India’s first Credit bureau for the F&B industry, joins hands with FSDA

The partnership aims at transforming credit reporting for FSDA members & helping them streamline & recover dues.   Mumbai, 07th December 2021: Recordent, credit and payment reporting fintech platform in the non-banking sector, announced a strategic partnership with the Food Service Distributors...

LazyPay goes live with ‘buy now pay later’ EMI option, integrates with PayU to tap over three lakh online merchants

~Through direct integrations, the company plans to onboard over 1,000 merchants across Edtech, insurance, EVs, e-commerce, and Health tech segments by March 2022~ Mumbai, 30th November 2021: LazyPay, India's preferred Buy Now Pay Later solution by PayU Finance, has gone...

CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22

On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961(the “Act”), Central Board of Direct Taxes (CBDT)...

₹ 1,12,020 crore of gross GST revenue collected in August

The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of goods) and Cess is ₹...

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the...

India emerges as 5th largest forex reserves holder in the world with $608.99 billion as on June 25, 2021

With India’s forex reserves at $608.99 billion as on June 25, 2021 stood, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia. The Minister stated that India’s foreign exchange...

Bad Bank launched for stressed assets as a measure to clean up bank books

The Government has launched a Bad Bank with all the regulatory approvals in place. This was stated by Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha. The Finance...

Nirmala Sitharaman attends Third G20 Finance Ministers and Central Bank Governors Meeting

Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman participated virtually in the Third G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the Italian Presidency. The two-day meeting held on July 9th and 10th, 2021 saw...

Latest News

RBI Plans to Scrap Foreclosure Fees for MSMEs, Borrowers

The Reserve Bank of India (RBI) has proposed a significant policy shift that would eliminate foreclosure charges on floating-rate...