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About 48 results for "direct banking channels"

Why banking transaction tax may not be evasion-proof
Rediff.com

Why banking transaction tax may not be evasion-proof

According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT. Illustration: Uttam Ghosh/Rediff.com. A banking transaction tax (BTT) replacing the current tax systems (direct and indirect taxes, except for Customs duty) is not a superior system on all parameters, say economists at the National Institute of Public Finance and Policy (NIPFP) in their assessment of Arthkranti’s proposal ... Rediff.com, 3 days ago
Rediff.com

Aadhaar-demat account linking: FPIs grappling with Sebi diktat

Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31 Illustration: Uttam Ghosh/Rediff.com It is not just domestic investors but also foreign portfolio investors (FPIs) who are grappling with the Securities and Exchange Board of India’s (Sebi’s) diktat mandating linking Aadhaar with “all demat accounts”. In August, Sebi had directed the stock exchanges to cease the accounts of all the clients who failed to submit Aadhaar details by December 31.
 Rediff.com3 weeks ago
Rediff.com

Note ban objective was to squeeze out cash: Jaitley

With over Rs 15 lakh crore of junked currency coming back into the banking system post demonetisation, the government on Wednesday said a 'significant portion' of it could be black money. The tax authorities have found undisclosed income of Rs 17,526 crore and Rs 1,003 crore has been seized so far, the finance ministry said in a statement. 'A significant portion of SBNs (Specified Bank Notes) deposited could possibly be representing unexplained/black money,' the finance ministry said in a ...
 Rediff.com2 months ago Significant portion of deposited notes could be illicit: Govt  Deccan Herald2 months ago
Rediff.com

The only purpose note ban served

With GDP down by 2 per cent, and with 99 per cent of banned notes making their way back into the banking system, whom did demonetisation benefit? Rediff.com's Utkarsh Mishra explains. What was the objective of demonetisation, or note ban, whatever you call it? And has it been achieved? Perhaps the architects of the scheme, if there are any, themselves don't know. There are many who claim it was a success, and there are others who say it wasn't. And not all of them are economists. Although ...
 Rediff.com2 months ago

Indian Share Markets at Record Highs; Realty & Banking Stocks Rally

Posted by Equitymaster After opening the trading day on a strong note, Indian share markets continue to extend gains in the morning session with both Nifty and the Sensex hitting fresh record highs. Gains are largely seen in stocks from realty sector and ...
 Equitymaster.com3 weeks ago Dull End to the Week; Coal India Climbs 2%  Equitymaster.com2 months ago

Have You Been Mis-Sold Financial Products By Banks? Here's Help...

Posted by Equitymaster While a majority of the Indian banking industry is plagued with asset quality woes , a few of them continue to report good quarterly numbers. If you follow their press releases and financial disclosures, they record a steady rise in ...
 Equitymaster.com2 months ago
Rediff.com

How the super rich stash money abroad

'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.' Illustration: Dominic Xavier/Rediff.com The Paradise Papers released November 5, just three days ahead of the first anniversary of demonetisation, named 714 Indians who allegedly dodged paying taxes in India. While the names of those who have allegedly evaded tax made all the headlines, and are still making them, one question that needs to be answered is the ...
 Rediff.com2 days ago
Sify

Don't foresee immediate changes to GST rates: Adhia

New Delhi: Finance Secretary Hasmukh Adhia on Saturday said the recent reduction in GST rates on mass consumer goods items has resolved nearly 90 per cent of problems and discontentment related to the indirect tax regime. According to Adhia, he does not ...
 Sify4 days ago
Mathrubhumi

PM hardsells India as an attractive investment destination

Manila: The task of transforming India is proceeding on an "unprecedented scale", Prime Minister Narendra Modi told the powerful ASEAN grouping today while hardselling his governments economic reform initiatives to boost trade and investment. Addressing the ...
 Mathrubhumi1 week ago

Bhushan Kumar announces T-Series’ slate for 2018

Right from being a music label of several Rs. 100 cr films this year, to introducing content on digital platforms to support content driven films, Bhushan Kumar had a fruitful 2017. Bhushan Kumar says, “The team has grown; the industry friends trust us to ...
 Bollywood Hungama1 week ago
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