GST on EVs slashed from 12% to 5%

GST on EVs slashed from 12% to 5%

In a landmark move by the government, the GST Council has brought down the GST rate on electric vehicles (EVs) to 5 per cent from 12 per cent. The move has come as a shot in the arm for the auto industry which has been pushing for a tax boost to promote the sale of […]

Registration norms for insolvency professionals get a makeover

Registration norms for insolvency professionals get a makeover

NEW DELHI, India MARCH 30 The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC). Insolvency resolution professionals determine the life and death of a company in the insolvency […]

Interest rate cut: Know how it will benefit home loan borrowers

Interest rate cut: Know how it will benefit home loan borrowers

New Delhi: The Reserve Bank of India’s (RBI) decision to cut its key lending rate by 0.25 percent, is likely to translate into lower interests rates for home, auto and other loans. RBI has cut the repo rate- first time in 10 months – to about 7-year low of 6 percent. While new home loan […]

7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

Lower level employees will get HRA hike of up to 157 percent from their July month salaries as against 122 percent for higher level employees. But when DA will cross 50% then higher level employees will receive 176 percent hike as against 157 percent hike for lower level employees. New Delhi: More than 7.5 lakh […]

SBI Unnati Credit Card – Free, Zero Annual Fee, Instant Apply

SBI Unnati Credit Card – Free, Zero Annual Fee, Instant Apply

SBI Unnati Credit Card Overview State Bank of India (SBI) has launched a new credit card called the Unnati card. The Unnati card is provided to an account holder who holds an account balance of Rs.25,000 or more. SBI is not planning to charge any annual card fee for the first four years. Additionally, the […]

Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

New Delhi: In a bid to check the misuse of Jan Dhan accounts by black money hoarders, Reserve Bank of India (RBI) has restricted the withdrawal from such accounts to Rs 10,000 per month. Fully KYC-complaint Jan Dhan account holders will be allowed to withdraw Rs 10,000 per month from their account, while limited or […]