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Personal Finance
Govt detects Rs 1,761.09 crore undisclosed income till June
The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.
Latest News
PM to launch insurance, pension schemes on May 9
Prime Minister Narendra Modi will launch the flagship social security schemes, including Rs 2 lakh accident cover at a premium of just Re 1 per month, in Kolkata on May 9.
Insurance regulator's proposal pose brand equity challenge for banks
The Indian insurance regulator`s proposal to make banks sell policies of at least two insurers of each category - life, general and health - has thrown up an unexpected brand equity challenge for the banks, insurance experts say.
Tax dues from companies at Rs 4.85 lakh crore: Finance Ministry
Corporates owed over Rs 4.85 lakh crore approximately to the exchequer as outstanding tax demands, under direct and indirect taxes, towards the end of fiscal 2014-15, Parliament was informed on Tuesday .
New ITR forms: Special team to re-draft format after criticism
The new format of Income Tax Return (ITR) forms that was withdrawn by the government in the wake of complaints over providing details of foreign trips and domestic bank accounts is being revised to make it simpler.
CBDT to settle foreign funds' claims within a month
The Income Tax department has directed its officers that cases of foreign institutional investors (FIIs) seeking tax exmption under the Double Taxation Avoidance Agreements (DTAAs) with other countries must be decided within a month of claim filing.
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Money Matters
Life insurance market clocks 20% growth in first quarter
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.
Govt reduces claims settlement period by EPFO to 20 days
EPFO has settled 11.06 lakh claims in June, 38 percent of these were settled within 3 days and 76 percent within 10 days.
HDFC Bank unveils PayZapp online payment solution
"PayZapp, a payment solution, will revolutionise the way payments and purchases are done on the go today using mobile devices.
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