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Uttam Nayak likely to join NPCI as its new CEO

National Payments Corporation of India (NPCI) is most likely to appoint former VISA India head Uttam Nayak as its new Chief Executive Officer (CEO). A.P Hota, the former CEO of NPCI had retired in...

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Only 1.7% Indians paid Income Tax in assessment year 2015-16

Merely 1.7 per cent of the total population in India paid their income tax in the assessment year (AY) 2015-16, according to data released by the Income Tax department. The data further revealed that...

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Centre, RBI to grant more time to banks for IndAS

[caption id="attachment_10615" align="alignleft" width="300"] RBI[/caption] The Central Government and the Reserve Bank of India (RBI) may postpone the implementation of Indian Accounting Standards...

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RBI set to sync bank’s base rate to MCLR from Apr 1

[caption id="attachment_10615" align="alignleft" width="300"] RBI[/caption] The Reserve Bank of India (RBI) has decided to link bank’s base rate to Marginal Cost of Funds based Lending Rates (MCLR)...

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Fake RBI websites eyeing customers’ bank details, central bank issues warning

The Reserve Bank of India (RBI) has recently cautioned the customers regarding fake websites created on the layout similar to that of the central bank. Reportedly, these malicious sites are stealing...

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GDPR aftershocks to hit Indian tech Start-Ups, Fintech firms

As General Data Protection Regulation (GDPR) comes into effect across the European Union (EU) from today, Indian startups, consumer-driven firms, fintech companies, and IT services with exposure to the...

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I-T exemption to Startup angel investors

Bringing cheer to the angel investors’ community, the Income Tax (I-T) department has exempted them from income tax on their investments in startups with effect from April 11, 2018. Subject to certain...

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Centre appoints four members to local boards of RBI

Centre has appointed Revathy Iyer and Raghvendra Narayan Dubey as a member in the Northern local board of the Reserve Bank of India (RBI), stated an official order issued by the Ministry of Personnel,...

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Link your PAN with bank to get refunds: Income Tax Dept to tax payers

Issuing an important message for the tax payers, the Income Tax Department said that it will "only" issue refunds via the e-mode into bank accounts of taxpayers beginning next month. All the tax payers...

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SEBI to award whistleblowers to curb insider trading activities

To mitigate several challenges faced by the securities regulator, the market regulator Securities and Exchange Board of India (SEBI), has floated a discussion paper for the informant mechanism related...

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