Reserve Bank of India (RBI)

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'. Jul 25, 2024
Indexation removal on real estate won't hike tax burden, has limited impact

Indexation removal on real estate will have limited impact: FM

Amid the growing chatter over the removal of indexation benefit in the long-term capital gain (LTCG) calculation, Finance Minister Nirmala Sitharaman has stressed that the move is not a "revenue-raising measure" and will not lead to a higher tax burden on real estate transactions. Jul 25, 2024
Bihar BJP chief Nityanand Rai

End of agitational terrorism: Stone pelting, hartals decline in J&K post-2019

Minister of State for Home Affairs Nityanand Rai informed the Rajya Sabha that no stone-pelting incidents have occurred since 2019, starkly contrasting to the 1,328 incidents reported in 2018. Additionally, organized hartal calls have ceased, and terrorist-initiated incidents have drastically reduced. Jul 24, 2024
Maha to fund laser sound & light show at Kargil War Memorial in Drass

Maha to fund laser sound & light show at Kargil War Memorial in Drass

Ahead of the July 26 Silver Jubilee celebrations of the nation's victory in the 1999 Kargil War, the Maharashtra government has decided to finance a laser sound & light show at the iconic Kargil War Memorial (KWM) in Drass, Ladakh, official sources said here on Wednesday. Jul 24, 2024