RBI Imposes Penalties on Banks for Regulatory Non-Compliance The Reserve Bank of India (RBI) has taken strict action against three prominent banks—Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank (PNB)—for failing to adhere to regulatory guidelines. The penalties, amounting to a total of ₹1.29 crore, were announced on April 17, 2025, and highlight … Read more
Income Tax Department to Monitor Emails and Social Media: What You Need to Know In a significant move aimed at curbing tax evasion, the Income Tax Department will soon have the authority to monitor emails, social media accounts, and other digital spaces. This change, set to take effect from April 1, 2026, is part of … Read more
Good News! RBI cuts repo rate by 25 points; now new loans will be cheaper MUMBAI: In the face of global uncertainty brought on by the trade war, the Reserve Bank of India has lowered the repo rate by 25 basis points and promised to maintain the banking system’s excess liquidity, making home loans and … Read more
Big News! Forget Digilocker, use this New Aadhar aap by Government of India Government of India has released a beta version of the new Aadhaar mobile app, developed by the Unique Identification Authority of India (UIDAI). This app promises to redefine how citizens interact with their Aadhaar data, offering enhanced security, privacy, and convenience. New … Read more
Good News: Central government employees 2% DA hike News from 1 Jan 2025, arrears details In a move aimed at cushioning the impact of inflation, the Union Cabinet has approved a 2% hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. This increase, effective retrospectively from January 1, 2025, … Read more
The Pradhan Mantri Mudra Yojana (PMMY), launched in April 2015, has revolutionized access to credit for small and micro enterprises in India. Designed to empower budding entrepreneurs, the scheme offers collateral-free loans of up to ₹10 lakh, fostering self-employment and financial inclusion: High FD Rates: More than 10 banks are giving more than 8% interest … Read more
According to PTI, the Center said Monday that the excise duty on gasoline and diesel would be raised by Rs 2 per liter. The modifications will take effect on Tuesday. According to the decree, the excise tax on diesel was raised to Rs 10 and that on gasoline to Rs 13. Following the hike, the … Read more
The stock market has been unstable for the past six months, causing investors to lose a lot of money. At the same time, some investors are shifting their investments and searching for low-risk options. One piece of important news for those investors is that ten banks currently offer eight percent interest on their fixed deposit … Read more