New Delhi: The income tax department has notified rules for valuation of investments by resident and non-resident investors in startups, thus paving way for implementation of the changes brought in 2023-24 Budget. As per the changes in Rule 11UA of I-T rules, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible…
Mumbai: Protecting depositors’ hard-earned money is a sacred duty for a banker, and more important than visiting a religious place, according to RBI Governor Shaktikanta Das. He said the task is more important because the entire banking system runs on deposits, which are accumulated from small savers, middle class and retirees. “Protection of depositors’ money is…
Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank is “not comfortable” with the gross non-performing assets ratio of 8.7 per cent in urban cooperative banks (UCBs) and asked them to work towards improving the same. Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should…
Udaipur: The nine Vande Bharat Express trains flagged off by Prime Minister Narendra Modi on Sunday have a host of new features incorporated after passengers’ feedback to make the journey more comfortable. From improvising the seat reclining angle to incorporating deep wash basins to avoid water from splashing out, the coach manufacturers have paid attention to…
Panaji (Goa): Dr. Mohan Krishna led Cheers Group India’s luxury spirits conglomerate that has a varied portfolio of world-class Indian Single-malt whiskies catering to all segments of luxury spirit imbibers in the country. Most famous among is the ‘Best Indian Single-malt whisky’ awarded, Three Monkeys Indian Single-malt whisky which has a presence pan India at…
New Delhi: Air India chief Campbell Wilson on Friday told staff that requirements and expectations with respect to safety are clear and stressed that consequences for “tardiness and transgression” are robust. Mentioning about DGCA’s action against two staff for lapses in the way safety audit was conducted earlier this year, Wilson said the airline acknowledges…
Mumbai: RBI deputy governor J Swaminathan on Thursday asked top management of banks and other financial sector entities to focus on a customer-centric approach to strengthen the confidence of people in the banking system. The deputy governor held a meeting with heads of the customer service committee of the board, managing directors, executive directors in-charge…
Mohali: A month and half back, Ravichandran Ashwin was eloquently explaining on his Tamil YouTube channel, why a talent like Tilak Varma should be seriously considered for the ODI World Cup. One of India’s greatest match-winners in Test cricket wouldn’t possibly have envisaged that in six weeks time he would be summoned for a two-match trial…
New Delhi: The Indian Army will host a two-day conference of Army chiefs of the Indo-Pacific nations next week with an aim to evolve a common strategy to ensure peace, prosperity and stability against the backdrop of growing global concerns over China’s increasing military muscle-flexing in the region. Fifteen Army chiefs and delegations from 22 countries…
New Delhi: The opposition on Tuesday termed as an “election jumla” the women’s reservation bill brought by the government with many leaders raising questions over the proposed legislation, contending it doesn’t account for reservation for OBC communities and that it will be effective at the earliest by the 2029 Lok Sabha polls. Meeting a long-pending demand,…
