Page 135 - Finance News
EPFO adds 1.46 million net members in November, new additions rise 4.88%
The EPFO enrolled around 874,000 new members in November 2024, up by 18.80 per cent over the year-ago month and a 16.58 per cent rise against October 2024
 "EPFO adds 1.46 million net members in November, new additions rise 4.88%")
Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains
The dollar index, which measures the strength of the greenback against a basket of six major currencies, fell by 0.8 per cent to 107.97
 "Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains")
CBDT clarifies PPT application, grants relief to FPIs with grandfathering
Tax authority says provision will be outside the purview of PPT in respective DTAAs
 "CBDT clarifies PPT application, grants relief to FPIs with grandfathering")
RBI's massive dollar sales may net govt bumper dividend once again
IDFC FIRST Bank estimates Rs 2 trillion of payout by the RBI while QuantEco Research pegs the dividend around Rs 1.5 trillion for the fiscal year that ends March
 "RBI's massive dollar sales may net govt bumper dividend once again")
CBDT notifies amendments in I-T rules for non-resident cruise ships
As a measure to promote investment and employment, the government had in the July Budget, provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships
 "CBDT notifies amendments in I-T rules for non-resident cruise ships")
CBDT grandfathers treaty benefits on PPTs with Mauritius, 2 more nations
India has made certain treaty-specific bilateral commitments in the form of grandfathering provisions in the DTAAs signed with Singapore, Mauritius and Cyprus
 "CBDT grandfathers treaty benefits on PPTs with Mauritius, 2 more nations")
US' Stargate: Will India be able to tap into a $500 billion opportunity?
Some industry leaders highlighted that it is time for the Indian government to get its act together on building AI infrastructure in the country
 "US' Stargate: Will India be able to tap into a $500 billion opportunity?")
After Tuesday fall, rupee rises 25 paise to close at 86.33 against dollar
Forex traders said the rupee is likely to witness high volatility with a negative bias ahead of key events in the global and domestic economic landscape
 "After Tuesday fall, rupee rises 25 paise to close at 86.33 against dollar")
RBI MPC member bats for two inflation rates for better policy making
Chief Economic Advisor V Anantha Nageswaran in the Economic Survey 2023-24 had pitched for excluding food inflation from the rate setting calls
 "RBI MPC member bats for two inflation rates for better policy making")
CBDT clarifies past investments under old tax treaties safe from new rules
The Central Board of Direct Taxes announced on Wednesday that investments under tax treaties with Mauritius, Cyprus, and Singapore will remain unaffected by the new Principal Purpose Test rule
 "CBDT clarifies past investments under old tax treaties safe from new rules")
A first in 12 years: Banks to overhaul terms of engagement with BCs
Viability package for agents in NE states on cards
 "A first in 12 years: Banks to overhaul terms of engagement with BCs")
Govt bond yields slip on signs of gradual tariff approach from Trump
The 10-year benchmark bond yield ended at 6.7373 per cent, the lowest level since Dec. 13, as compared with Monday's close of 6.7610 per cent
 "Govt bond yields slip on signs of gradual tariff approach from Trump")
Rupee ends little changed, dollar regains footing on Trump's tariff plan
While the local unit touched a peak of 86.2825 early in the session, it trimmed the gains on the back of broad-based dollar bids and a 0.5 per cent rise in the dollar index after it touched a two-week
Banks to ask RBI to delay liquidity rule set to take effect from April 1
The request will be made through the Confederation of Indian Industry, which will meet recently-appointed RBI Governor Sanjay Malhotra in the coming days, the people said
Rupee rises 17 paise to 86.28 against US dollar during early trade
Forex traders said the dollar weakened from its 109 levels but clawed back to 108.31 as Donald Trump declared tariffs
 "Rupee rises 17 paise to 86.28 against US dollar during early trade")
Budget 2025: Govt's third shot at tax reform shouldn't miss the target
Nearly 47 million, or 63 per cent of those who did file returns last year, paid nothing
 "Budget 2025: Govt's third shot at tax reform shouldn't miss the target")
RBI forms new committee for bank license, chaired by former DG Jain
RBI said that, "The secretarial support to the committee would be provided by RBI's Department of Regulation"
 "RBI forms new committee for bank license, chaired by former DG Jain")
Fintechs shift to direct merchant integration, move away from Juspay
Following PhonePe's decision to end its partnership with payment orchestration platform Juspay, other companies, including Razorpay and Cashfree Payments, are considering similar moves
 "Fintechs shift to direct merchant integration, move away from Juspay")
RBI may turn to longer buy-sell swaps amid rising $ short positions
More changes likely in liquidity management framework
 "RBI may turn to longer buy-sell swaps amid rising $ short positions")
RBI to 'play it slow' on defending rupee, says Axis Bank CEO Chaudhry
The rupee has gone from being one of Asia's best-performing currencies to one of the region's biggest losers in a matter of weeks
 "RBI to 'play it slow' on defending rupee, says Axis Bank CEO Chaudhry")