Category: Finance
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50 Lakh Govt Employees Will Get Salary Rise By Upto Rs 30,000, Increasing Consumption By Rs 1 Lakh Crore!
The Union government’s entire budgetary impact of the DA/DR hike will be roughly Rs 30,000 crore in FY22. In the current fiscal year, states that traditionally follow the Union government’s DA/DR pattern are anticipated to spend another Rs 60,000 crore. The Union government’s employees and pensioners will likely see their rise effective July 1 due…
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Investors Are Expected To Invest Rs 20,000 Crore In 11 Ipos In July!
An estimated amount of Rs. 24000 crore will be raised from 11 IPOs in July. Five companies, including Dodla Dairy, Sona Comstar, and KIMS, have already launched their IPOs in June. These companies include GR Infraprojects, Glenmark Life Sciences, Utkarsh Small Finance Bank, and Seven Islands Shipping. As per reports, more than Rs. Twenty thousand…
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130 Countries Agree To Biden-backed 15% Global Minimum Tax On Companies
As part of a worldwide effort to stop multinational firms from avoiding taxes by shifting profits to countries with low rates, 130 countries have agreed on a global minimum tax backed by US President Joe Biden. It addresses challenges presented by a globalized, increasingly digital world economy in which profits can be relocated across borders…
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Make Business Travel Easier & Cheaper with Corporate Cards!
Corporate cards are company-issued cards that employees can use for all business-related expenses, including hotel bookings, client meals, flight tickets, and more. Companies that rely on corporate cards instead of cash transactions can gain cashback, utilize offers, and attain various perks. Let’s look at some prominent corporate card benefits that make business travel more accessible…
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Analyst: Bitcoin is likely to crash below $15,000
As per Guggenheim’s chief investment officer (CIO) and noted Bitcoin bear Scott Minerd, Bitcoin is in for another rude awakening after losing more than half its value since hitting record highs this spring. ‘Minerd told CNBC this morning that bitcoin could sink as low as $15,000, less than half of its current value, but continuing…
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3 smart and easy actions that help boost your CIBIL Score
Given the importance of your CIBIL Score for getting your new application for credit approved, it is crucial to ensure that you have a good score. New and affordable credit can come in handy when you’re paying your children’s tuition, building or renovating your home, have a medical emergency, or when you’re going on vacation…
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Electric cars and e-bikes get discounts of Rs 1.5 lakh and Rs 20,000, respectively.
Gujarat announced on Tuesday a new policy promoting electric vehicles (EVs), which could hasten the adoption of electric cars in the state. Gujarat will pay 870 crores in incentives for two lakh EV’s over the next four years as part of its EV program. EV Adoption: A Process Gujarat Chief Minister Vijay Rupani has announced…
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Pay Extra TDS/TCS From July 1, If You Haven’t Done This (New Income Tax Rules)
For taxpayers, who have not filed ITR (Income Tax Returns) till-date, it is high time to do so since if you do it after July 1, it will attract a higher TDS/TCS rate, 2021. Why Would This Happen? To ensure that every assessee reports correct income, the Finance Act has revamped the scope of tax collection…
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EPFO has declared Aadhaar seeding compulsory; here’s how to connect online
The Employees’ Provident Fund Organisation (EPFO) has started the Aadhaar seeding obligatory for all EPF accounts in its information to employers. Failure to do so would result in the employers’ contribution to the EPF account being halted since they would be unable to file Electronic Challan cum Return (ECR) for EPF accounts that are not…
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Housing Pricing Index launched to help homebuyers make informed investment decisions.
Data collected for this purpose include information on price per square foot, quantity, and the total value of transactions in the previous three months for various sub-localities within each city. Online real estate portal Housing.com along with the international business school, Indian School of Business (ISB), on May 31, 2021, declared the launch of its…