Finance

UPI123Pay: Feature phones can make UPI payments without internet; see how it works [details]

Users can utilise the 123PAY functionality to make payments, recharge FASTags for automobiles, pay utility bills, and check the amount of their UPI-linked account.

Mar 9, 2022

Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

Here's Why Credit Suisse has downgraded India and raised bet on China

Moreover, Russia has warned that if the West stops importing oil, oil prices may rise to $300 per barrel, and it may shut off the main gas pipeline to Germany.

Mar 9, 2022

Russia switches to China's card system after Visa, Mastercard suspends operations [details]

It is pertinent to note that Russian banks have been barred from using the SWIFT global payments system by the United States, the United Kingdom, and the European Union.

Mar 6, 2022

How does CIBIL score impact your loan eligibility?

A good CIBIL score underscores your financial commitment to repay your dues. However, a score less than the optimum does not spell complete disaster.

Feb 21, 2022

Real-world use of Cryptocurrency: Polytrade finance will change face of trade financing [here's how]

The SMEs businesses severely lack working capital as their payments get cleared only after 60-90 days. The company claims to solve this problem by providing working capital to SMEs.

Jan 6, 2022

No need for separate GST registration in other states, K'taka AAR rules [details]

The KAAR ruled that the applicant need not obtain separate registration in Karnataka, for the supply of services and can raise the invoice by charging IGST from their registered office at Noida, Uttar Pradesh, with the place of supply as Karnataka.

Nov 14, 2021

Shaktikant Das's tenure as RBI Governor extended for 3 years (Details)

Shaktikanta Das, a former IAS official from the 1980 batch, has held critical posts in the finance ministry. He has served as the secretary at the departments of revenue (DOR) and economic affairs (DEA).

Oct 29, 2021

Cryptocurrency Shiba Inu's Price Touches All-time High; Dwarfs Market Cap of Banking Giants Deutsche Bank, Societe Generale

The Dogecoin spinoff has surpassed the market cap of banking behemoths such as Deutsche Bank ($28.48 billion) and Societe Generale ($28 billion).

Oct 28, 2021

India's coal situation no longer a crisis: CIL allays fears, worries; says no need to panic [Exclusive]

As for the infamous four days' worth of stock reserves left at power plants, CIL's spokesperson says, "all that is water under the bridge now since our production and despatches are all on the upswing."

Oct 28, 2021

From $67K to $8,200; Bitcoin's flash crash on Binance US triggers panic [details]

Bitcoin has crossed $65,000 per coin for the first time against all odds and experts had predicted the cryptocurrency may touch $100,000 before the snafu triggered panic.

Oct 22, 2021

What is Bad Bank? How will it help Indian financial system (Explainer)

A 'Bad Bank' is a business structure that separates banks' riskier assets into a separate organization.

Sep 18, 2021

Top 5 reasons why you should buy a term insurance policy

Bajaj Allianz Life insurance has a claim settlement ratio of 98.48%~ percent. And Flexibility is one of the most significant advantages of a term plan.

Jul 23, 2021

Two-year-old Mithraa needs ₹16 crore drug to live; Govt waives off customs, GST [details]

The sum total of GST, import duty and other taxes amount to a whopping 35 percent of the cost of the medicine. The life-saving drug needs to be administered to a child less than two years to treat a rare genetic disorder of spinal muscular atrophy.

Jul 16, 2021

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Kotak Mahindra Bank customers complain of excess debit; here's what happened [details]

Kotak Mahindra Bank has since rectified the error and all of the excess debits have been reversed.

Mar 9, 2021

Lockdown tax relief for NRIs, foreigners overstaying in India in FY21 [details]

The CBDT has now issued a fresh circular where it has clarified that foreign visitors, NRIs, PIOs overstaying in India in FY21 will not face double taxation.

Mar 4, 2021

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