Income tax exemption limit on gratuity doubled to Rs 20 lakh

The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. The Ministry of Finance...

Government announced new Rs 20 coin

The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1,...

PSBloansin59minutes.com became India’s largest online lending platform

PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country's largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore. The...

GST council reduced Tax rates on Housing

The GST council has decided to slash the tax rate on under-construction residential properties and the affordable housing projects category. The GST council has reduced the GST rate for...

CBDT proposed 30-40% digital tax for tech giants like Google, FB and Amazon

The Central Board of Direct Taxes (CBDT) has prepared a draft proposal under the newly introduced concept of 'significant economic presence', also known as digital permanent establishment (PE), which...

J P Morgan became first US Bank with Cryptocurrency

JP Morgan rolled out as the first US bank with cryptocurrency. The change in opinion of JP Morgan is the first step in the program of making it more...

Govt. to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in...

New E-commerce Policy comes into effect

The new E-commerce Policy comes into effect which was notified in December 2018 by Department of Industrial Policy and Promotion (DIPP) headed by the ministry of Commerce and...

UAE, Saudi Arabia central banks launched digital currency ‘Aber’

The central banks of the United Arab Emirates and Saudi Arabia have launched a common digital currency called 'Aber'. It will be used in financial settlements between the two...

Sushil Modi to head committee to look into GST revenue shortfall faced by states

The Deputy Chief Minister of Bihar, Sushil Modi will be heading the seven-member group of ministers (GoM) that will look into revenue shortfall being faced by the states after...

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