ICICI Bank slashes FD rates by up to 50 bps. Check the latest rates here
From now, the one-year FD will fetch 5.8 per cent per annum, down from 6.2 per cent (a 50 bps cut) and five-year FDs will now earn 6 per cent, down from 6.4 per cent (a reduction of 40 bps).
Govt to provide Rs 50 lakh health insurance per health care worker for 3 months due to Coronavirus
If any of the frontline health workers are...
Govt may cut interest rate on PPF, NSC, other small savings schemes next quarter
During the current quarter, the government refrained from cu...
Vivad se Vishwas scheme: Interest, penalty waived for entire scheme period
The extension has come after the country has gone into lockdown mode due to the increase in cases of those infected by the coronavirus.
New tax dispute settlement scheme to involve only faceless interaction: Revenue secy
Hinting that the income tax rates may come down slightly more in future, finance minister Nirmala Sitharaman said that in the long run, the government wants to move towards a 'no exemptions' tax regime with a 'bottomed out rate' so that tax net widens.
Aadhaar becomes mandatory for PMVVY scheme
Finance Ministry's notification suggests that if Aadhaar authentication fails due to poor biometrics or other reasons, then other methods for authentication must be adopted. Here's what senior citizens will have to submit to avail continued benefits.
Small savings rate may see moderation next quarter: DEA secy
During the current quarter, the government refrained from cutting interest rates on small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), despite moderating bank deposit rates.
CBDT likely to soon notify tax compliance relaxations
Finance minister Nirmala Sitharaman had last week announced several relaxations in compliances including under the income tax.
Use the ETMONEY app to save up to Rs 78,000 in tax
ETMONEY's tax solution helps users avail a combination of all tax-saving options across ELSS, NPS, health and term insurance policies for self and family members.
COVID-19 impact: What RBI's emergency rate cut means for your loans, fixed deposit investors
The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent.
Banks offer emergency salary, business loans
Indian Bank MD and CEO Padmaja Chunduru said, “With salaried class and the pensioners, it is more a line to meet their immediate requirements (medical) and other expenditure.”
EPFO directs field offices to timely credit pension to 65 lakh EPS beneficiaries
Retirement fund body EPFO on Monday said it has issued directions for timely credit of monthly pension to over 65 lakh employees' pension scheme (EPS) beneficiaries amid the coronavirus outbreak.
Coronavirus impact: EPFO asks for timely credit of monthly pension to EPS pensioners
The Central Provident Fund Commissioner has directed the field offices of EPFO to generate and reconcile pensioners' details and pension amount statements for the current month by 25th March 2020.
Treebo Hotels launches paid voluntary resignation scheme for employees
After a townhall with its co founders, Sidharth Gupta and Rahul Chaudhary, Treebo's HR department sent an email to its employees which stated the vast majority of its hotels are on stop-sell, all demand channels have dried up, revenue has nearly disappeared, and cash reserves are running low.
Will govt extend these five financial deadlines amid coronavirus outbreak?
All over the country, cities have partially locked down and people are working from home - this is because people have been told to avoid crowded places. The question now arises: will the government extend some of these financial deadlines?
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