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The legal mandate to tax digital assets in this year’s budget speech was indeed a welcome and motivating move for the entire digital asset industry and the Web 3.0 market. While a flat 30% tax rate on profits from trading virtual digital assets (VDAs), announced by the Secretary of the Treasury, appeared to be a …
Around Rs, 21,539 crore in unclaimed amount was in Life Insurance Corporation of India (LIC) at the end of September 2021, according to draft registration documents filed on Sunday. In FY21, the unclaimed amount was Rs 18,495.32 crore as compared to Rs 16,052.65 crore in FY 2020. In FY 2019, this amount was Rs 13,843, …
The Finance Department said on Wednesday that the center has already released eight months of GST allocation to states for the fiscal year ending March 2022 and that there are Rs 78,704 crore outstanding due to insufficient funds in the fund. In a statement, the ministry said that normally GST compensation is released for 10 …
The Reserve Bank of India (RBI) introduced the Marginal Borrowing Rate (MCLR) on April 1, 2016, to offset the base rate, which was the benchmark rate for everyone at the time. of commercial banks. However, the banks’ delay in passing on the benefits of low repurchase rates to clients under the MCLR program prompted the …
Personal loans are one of the most viable ways to meet your sudden financial needs. The amount guaranteed by this type of loan can be used for various purposes. This includes paying for tuition, wedding expenses, vacations, and even coverage for medical emergencies. Helps you make rush payments with ease. Personal loans also pay off …
India’s fintech sector may be young, but it is growing rapidly, driven by a large market base, an innovation-driven startup landscape, and support for government policies and regulations. Several new companies populate this emerging and dynamic sector as traditional banking institutions and non-bank financial companies (NBFCs) are catching up. NASSCOM predicts that the Indian fintech …
Opening a restaurant is as exciting as it is exhilarating. Don’t forget to get restaurant insurance as you plan the interior, hiring, and marketing of your restaurant. A catering business needs an insurance policy, especially since the hotel industry deals with suppliers and customers on a daily basis. Restaurant insurance covers a wide range of …
Some travelers do not prefer to purchase travel insurance. The main reason not to buy is to make sure nothing bad is going to happen to him or his family. When talking about reality, you cannot be sure what can happen during the trip. You simply cannot afford the cost of emergency medical treatment, lost …