Search Results for: Axis Bank

What is unexplained cash credit in your bank account and why you need to pay upto 83% income tax

The Income Tax department strengthened the scrutiny on taxpayers, by demanding the source of income for "unexplained cash credit" into their bank accounts the previous year, and source of gold, jewellery or other valuable items undeclared by the taxpayer.

Aug 24, 2020

Pakistan sanctions Taliban, Haqqani Network to evade global financial blacklisting

Pakistan government has issued a statutory notification, ordering imposition of sanctions on those Afghan Taliban leaders and groups, including the Haqqani Network, who are on the United Nations Security Council (UNSC) sanction list.

Aug 22, 2020

Telangana CM orders CID probe into fire at hydroelectric power station

Telangana Chief Minister K. Chandrashekar Rao on Friday ordered a CID inquiry into the fire accident at the Srisailam hydroelectric station.

Aug 21, 2020

Telangana: Fire breaks out at Srisailam hydroelectric plant, 8 trapped

A fire, followed by an explosion, was reported at an underground hydroelectric power station of the Srisailam project in Telangana. Rescue operations with at least eight people feared trapped.

Aug 21, 2020

RBI releases 'National Strategy for Financial Education for 2020-2025': What it includes

The NSFE 2020-25 includes inculcating financial literacy concepts among various sections of the population through financial education to make them an important life skill.

Aug 20, 2020

Covid invasion halts India's rural recovery, longer economic slowdown on cards

The world's No.5 economy reports first-quarter GDP data on August 31 and, according to a poll, it is likely to have contracted 20% over April-June.

Aug 20, 2020

NPCI forms new international entity, infuses Rs 50 crore to expand UPI to global markets

Meanwhile, RBI opens up the application window for private companies to set up NPCI-like umbrella entities in India, and NPCI plans to expand its payment and settlement services in international geographies through paper-based and electronic clearing systems.

Aug 19, 2020

Reserve Bank of Kailasa: Fugitive Nithyananda sets up own bank, to unveil currency soon

Self-styled godman and fugitive Nithyananda who has been accused of rape and confinement has announced that he is setting up 'Reserve Bank of Kailasa'.The currency of the bank will be announced on Ganesh Chaturthi.

Aug 18, 2020

OPPO India VP on company's grip on present & sight on future: Exclusive

The vice president and R&D chief for OPPO India, Tasleem Arif spoke about the company's evolving product portfolio to adjust to the growing consumer demands in India.

Aug 17, 2020

Truth about Sushant paying EMIs for Ankita Lokhande's Malad flat

An ED officer had reportedly stated that Sushant Singh Rajput was paying the rent of the house where Ankita Lokhande was living.

Aug 15, 2020

Palestinians call UAE, Israel historic peace deal declaration a black day

Protestors held banners of "Palestine is not for sale" "No for normalization and no for those who lead normalization with the occupation" and "normalization is a knife in the back of the Palestinian people."

Aug 15, 2020

Explained: How did RBI arrive at Rs 57,128cr dividend declaration for FY21

Earlier in the day today, RBI approved a dividend of Rs 57,128 cr for FY21 and decided to maintain 5.5 percent as contingency risk reserve or retained earnings. Let's interpret the RBI numbers and calculations here.

Aug 14, 2020

RBI to transfer Rs 57,128 crore as surplus to govt for FY20

The Reserve Bank of India (RBI) has approved the transfer of Rs 57,128 crore surplus reserves to the government accounting for the year 2019-20. The RBI board has decided to maintain the Contingency Risk Buffer at 5.5%.

Aug 14, 2020

Sameer Gehlaut quits as Executive Chairman of Indiabulls Housing

Gehlaut has steered the company for over 20 years since its inception in January 2000.

Aug 13, 2020

Income tax evasion is a criminal offence

I-T Dept busts Rs 1,000 crore money laundering racket by Chinese entities

The search operation revealed that at the behest of Chinese individuals, more than 40 bank accounts were created in various dummy entities entering into credits of more than Rs 1,000 crore over the period.

Aug 11, 2020

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