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
CBDT

Simplified Capital Gains Tax Regime, says CBDT

The Central Board of Direct Taxes (CBDT) has taken a significant step towards simplifying the taxation of capital gains in India. In a comprehensive set of Frequently Asked Questions (FAQs), the CBDT has explained the new capital gains tax regime effective July 23, 2024 as introduced in the Union Budget 2024-25. Jul 25, 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