Fall in gold prices not yet a concern for rupee: Nomura

Last Updated: Thursday, July 23, 2015, 15:46

Decline in gold prices is not likely to add pressure to India's current account deficit or the domestic currency, as the metal's appeal has diminished, Nomura said in a research note today.

EPFO to launch online PF withdrawal facility in 3 months

Last Updated: Wednesday, July 22, 2015, 20:28

Retirement fund body EPFO is likely to launch the online PF withdrawals facility in next three months for the benefit of its over six crore subscribers.

Cabinet to take up Gold Monetisation Scheme in few weeks

Last Updated: Wednesday, July 22, 2015, 15:22

The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

RBI tightens norms for credit card billing

Last Updated: Thursday, July 16, 2015, 21:59

The Reserve Bank on Thursday asked banks to levy any late payment penalty on credit card customers, or report them to credit information companies, only if the payment has been due for more than three days.

Gold imports dip almost 37% to $1.96 bn in June

Last Updated: Wednesday, July 15, 2015, 22:03

Imports of the precious metal stood at USD 3.12 billion in the same month of 2014. In May this year, the imports were worth USD 2.42 billion.

Govt reduces claims settlement period by EPFO to 20 days

Last Updated: Wednesday, July 15, 2015, 20:02

EPFO has settled 11.06 lakh claims in June, 38 percent of these were settled within 3 days and 76 percent within 10 days.

Over 16 lakh investor accounts added in stock markets in 1 year

Last Updated: Sunday, July 12, 2015, 14:07

The cumulative number of investor accounts on the country's two depositories -- NSDL and CDSL -- stood at 2.37 crore at the end of June 2015 compared with 2.2 crore in the same month last year.

Blackmoney: CBDT rejigs committee to handle FATCA cases

Last Updated: Sunday, July 12, 2015, 13:42

Through an order issued days before FATCA was signed by the two countries on July 9, the CBDT has increased the strength of the panel from existing seven to eight members.

Info under FATCA confidential, to be used for tax purposes

Last Updated: Thursday, July 9, 2015, 22:34

The information shared under the FATCA, which India signed with the US Thursday, will be treated as confidential and will be used only for tax purposes.

Market entities may get incentives to open retail demat a/c

Last Updated: Monday, July 6, 2015, 18:15

To attract a larger number of retail investors to the stock markets, regulator SEBI is looking into a proposal to devise an incentive structure for brokers and other market entities to encourage opening of demat accounts by persons from small cities.

Tax, penalty to be levied at market price under black money law

Last Updated: Friday, July 3, 2015, 18:35

Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.

Govt notifies rules for asset valuation under black money law

Last Updated: Friday, July 3, 2015, 16:01

Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1.