Amendments in Banking Law

The union budget for 2023-2024 is declared with the vision of empowering an economy that is knowledge-based with strong public finances and a robust financial sector. The Union Budget has proposed certain amendments to the Banking Regulation Act, the Banking Companies Act, and the Reserve Bank of India Act to improve bank governance and enhance […]
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Know about the UPI-Pay Now interlinkage facility

Customers of selected banks from India and Singapore will be able to undertake cross-border remittances. At present, there is a daily limit of Rs 60,000 (around SGD 1,000). The Reserve Bank of India (RBI) and the Monetary Authority Singapore (MAS) recently announced the UPI- Pay Now linkage – the real-time payment system linkage between India’s […]
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The Budget Highlights 2023 for Banking and Finance Sector

The previous budget 2022 has focused on digital and technology to gear up the banking and finance sector which has helped the sector to scale, better and faster service delivery, ease of access to credit and participation in the financial market. The budget 2023 proposes further measures to continue the digitalization as part to reform […]
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Know How of Identity Theft and Signs of Identity Theft

It is an extremely stressful situation when you find out that you are the victim of identity theft or some other type of credit score malfunction. It is costly in terms of lowering your creditworthiness. Though you are financially protected, you are still an identity theft victim. It takes significant action and commitment on your […]
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Taxation Highlights 2023

The Union Budget 2023 presented in February. The budget was no exception as it rewrapped with old schemes in new avatar. However, finance minister Nirmala Sitharaman has announced five major changes for tax payers. Tax rebate limit is raised to ₹7 lakh from ₹5 lakh. The new tax rates are as below. Income Slab Income Tax Rate […]
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Key Steps to Starting Your Business

Among the chosen 190 countries2, India ranked 63rd in Doing Business 2020(Ease of Doing Business). It means that India is a favorable country for starting up a business. More and more people are working on start-ups. The Government of India is also inspiring to start a business with its various schemes, program, education, workshop, seminar, […]
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The Budget Highlights 2023

Union Finance Minister Nirmala Sitharaman has presented the fifth budget of Modi 2.0. In fact, this is the full budget of the second term of the Narendra Modi government before the general elections next year. The government has envisioned laying a strong foundation to steer the Indian economy. Here we are providing some highlights of […]
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