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Banks to Implement Special Clearing Operations for Closure of Government Accounts on March 31

Banks to Implement Special Clearing Operations for Closure of Government Accounts on March 31

Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said. The Reserve Bank has issued directions to the banks for smooth clearing...

RBI likely to maintain status quo amidst the Covid-19 surge

RBI likely to maintain status quo amidst the Covid-19 surge

Amid uncertainty created by the surge in coronavirus cases, the Reserve Bank of India (RBI) is likely to maintain its status quo at its next monetary policy review and will wait for some more time before taking any action to spur the growth. The...

How new wage code will impact take-home salary and retirement benefits

How new wage code will impact take-home salary and retirement benefits

The Centre is likely to notify the new wage code rules in tandem with the Code on Wages 2019 from April 1st, which is the start of the financial year of 2021-22. The government passed the Wage Code Bill in Parliament in 2019. With this, a change...

How Real Estate Industry is Transforming with the Implementation of Virtual Reality?

How Real Estate Industry is Transforming with the Implementation of Virtual Reality?

Virtual Reality (VR) is one of the most significant technological breakthroughs of the century. People can replicate their interactions using virtual reality by creating a realistic virtual version of the world and even interacting with it in...

Economic revival to be 'unabated' despite coronavirus surge: states RBI governor

Economic revival to be 'unabated' despite coronavirus surge: states RBI governor

A revival in the Indian economic activity should continue "unabated" despite a recent surge in coronavirus infections in many areas, the chief of the Reserve Bank of India said on Thursday. Central bank governor Shaktikanta Das called...

45% of global CEOs don't expect to see return to 'normal' until 2022: states KPMG

45% of global CEOs don't expect to see return to 'normal' until 2022: states KPMG

45 per cent of global executives do not expect to see a return to a 'normal' course of business until sometime in 2022 as opposed to nearly one-third (31 per cent) who anticipate this will happen later this year, according to global...

Top Ways to Measure Retail Business Performance

Top Ways to Measure Retail Business Performance

Knowing which marketing initiatives and approaches generate the most sales for your retail business will help you build on your achievements while avoiding costly mistakes. However, determining efficiency and profitability necessitates more than...

No digital tax if goods and services are sold via Indian arm of foreign e-commerce players

No digital tax if goods and services are sold via Indian arm of foreign e-commerce players

In a bid to provide a level-playing field, the government has decided not to levy 2% digital service tax if goods and services are being sold through the Indian arm of foreign e-commerce players. The amendment to Finance Bill 2021 clarifies that...

Covid-19 induced lockdown proved inflection point for the e-commerce sector in India

Covid-19 induced lockdown proved inflection point for the e-commerce sector in India

The pandemic-induced lockdown and the movement curbs marked an inflection point for e-commerce in India, which is pushing the demand to record highs, nudging new buyers as well as sellers onto digital platforms, and holding out the promise of...

Government has doubled the PF contribution cap for tax-free income

Government has doubled the PF contribution cap for tax-free income

In a major relief to large number of middle-to high-income earners, the government has doubled the limit of provident fund (PF) contribution on which the interest income will remain non-taxable. While in Budget FY22, the Finance Minister proposed...

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