Finance

Cryptocurrency Bill: India to ban private cryptocurrencies.

India to ban private cryptocurrencies. India is now on a path to banning all private cryptocurrencies. Cryptocurrency Bill is one among the 26 new bills listed for introduction in Winter Session 2021 of the parliament. In addition to Cryptocurrency Bill, this winter session will look into the Banking amendment bill, IBC amendment Bill and repeal […]

Cryptocurrency Bill: India to ban private cryptocurrencies. Read More »

New

New auto-debit rules from October 1. Here’s All you need to know.

New Auto-Debit Rule.  The new auto-debit rule comes into effect from October 1. And will impact majorly on recurring card-based payments of customers. According to the new rule, all recurring transactions require additional factor authentication. Some Banks already started to inform their customers about the change in auto-debit. The RBI delayed the implementation of new

New auto-debit rules from October 1. Here’s All you need to know. Read More »

CBDC

India’s Central Bank Digital Currency(CBDC) could launch the trials by December.

India’s Central Bank Digital Currency(CBDC). India’s Central Bank Digital Currency(CBDC) may change the way of handling money in the future. Still, in India, many people are unbanked. India’s Central Bank Digital Currency (CBDC) Could launch by December. This initiative will support more financial inclusion. CBDC is not a replacement for physical cash or a copy

India’s Central Bank Digital Currency(CBDC) could launch the trials by December. Read More »

NACH

RBI new rules on NACH: salary, pension, and EMI rules to change from August 2021.

Before the RBI new rules on NACH, crediting salary was allowed only on working days. So, auto-debits are not permitted on bank holidays, Sundays, and even gazetted holidays. But After August 1, 2021, not only crediting salary and pension but also EMI, SIP payment, and Insurance premium done even on Sundays. What is NACH?. National

RBI new rules on NACH: salary, pension, and EMI rules to change from August 2021. Read More »

ITR

New Income tax e filing portal launched. Check out the new features.

The Income Tax department launches a new income tax e filing portal on June 7. There is a changeover from the old website www.incometaxindiaefiling.gov.in – to the new website- www.incometax.gov.in from June 7. Hereafter the taxpayers have to do income tax returns(ITRs) and other tax-related works in the new e filing portal. This portal is

New Income tax e filing portal launched. Check out the new features. Read More »