Finance

Finance ministry clarifies on hike in STT on options trading

The Finance Ministry on Friday evening clarified that the securities transaction tax (STT) on options trading has been hiked by 25 per cent from 0.05 per cent to 0.0625 per cent, and not from 0.017 per cent to 0.021 per cent, saying that it was a typographical error and the rectification will be done in accordance with the extent procedure of the government.

Mar 25, 2023

HSBC acquires 'Silicon Valley Bank UK' for 1 pound

HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for 1 pound, after a weekend of frantic negotiations by UK officials.

Mar 13, 2023

Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das

Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das.

Feb 28, 2023

Here's How You can Avoid Penalty on Premature Withdrawal of Fixed Deposit

Fixed deposits are a favourite among Indian investors, and they offer predictable returns on maturity.

Feb 19, 2023

Bank unions defer Jan 30-31 strike

The United Forum of Bank Unions (UFBU) has deferred the two-day nationwide bank strike on January 30-31 following an understanding at the conciliation meeting held in Mumbai, said C.H.Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA).

Jan 28, 2023

How does a Home Loan EMI Calculator helps you with financial planning

The ICICI home loan EMI calculator is your ideal companion if you have opted for a housing finance scheme and are looking for effective ways to plan your budget

Jan 22, 2023

CBDT meets officials to dispel doubts on faceless tax assessment.

Despite slew of polls ahead, prospects of populist budget appear bleak

The scope for a blatant populist budget looks bleak amid moderating tax revenue, high committed revex, and market loans, Emkay Global Financial Services said in a report.

Jan 22, 2023

Road safety body IRF urges FM to waive GST on 'life saving helmets'

Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal of GST on life saving device helmets for safety of the two-wheeler riders in the forthcoming Union Budget 2023-24.

Jan 19, 2023

Financial condition expected to be tighter: CRISIL Ltd

Even as central banks are expected to slow their pace of rate hikes in 2023, financial conditions are expected to remain tight, said CRISIL Ltd on Monday.

Jan 16, 2023

FPIs sold for 11 consecutive days to the tune of Rs 14,300 crore [details]

FPIs have turned sustained sellers in the Indian market and sold for 11 consecutive days taking the cumulative selling to Rs 14,300 crore, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.

Jan 7, 2023

Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt

The GST collections for December 2022 stood at Rs 1,49,507 crore -- 2.5 per cent more than Rs 1,45,867 crore collected in November 2022, according to figures released by the Finance Ministry on Sunday.

Jan 1, 2023

Tax, Budget 2017, Union Budget 2017, Income Tax, senior citizens, common man

Direct tax collections up 20%; Rs 11,35,754 cr collected till Dec 17 [details]

Direct tax collections stood at Rs 11,35,754 crore, as on December 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year, officials said.

Dec 18, 2022

Indian rupee records 6.9% depreciation in current FY

The Indian rupee has witnessed a depreciation of 6.9 percent in the current financial year till November 30, the Parliament was told on Tuesday.

Dec 13, 2022

Tax collections up by 24% in current fiscal year-on-year [details]

Net tax collection in 2022-23 was 24.26 percent higher than the net collection for the corresponding period of last year.

Dec 12, 2022

How to choose your first broker, a beginners guide

Dailytrading.com suggests 'If you are a trader looking for quick gain and make trade execution for short-term trade executions then you should look for a broker with very low executions fee.

Dec 7, 2022