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income tax return (ITR) forms for the Financial Year (FY) 2023-24, corresponding to the Assessment Year (AY) 2024-25 via notifications dated December 22, 2023, for the ITR-1 form and January 31, 2024, for the ITR-2 form. In a move to facilitate timely tax filing, the CBDT has also made available the utilities for online filing of ITR-1, ITR-2, and ITR-4 as of April 1, 2024, and for ITR-3 on May 9, 2024, via the official portal www.incometaxgov.in.

Bajaj Finance rallied over five per cent on Friday, June 7, after the non-banking financial company (NBFC) approved the initial public offering (IPO) of its wholly-owned subsidiary Bajaj Housing Finance. The NBFC will offload shares of its housing finance arm, for ₹3,000 crore in the upcoming public issue.“This is to inform you that the Board of Directors of the company at its meeting held today.

interest rates by exploiting the freedom the regulator offered after pushback from states in the past.

Insurance Regulatory Development Authority of India (IRDAI) has instructed insurance companies and insurance intermediaries, such as brokers, insurance market businesses, and corporate agents, not to call customers from a standard 10-digit mobile number in an effort to take harsh measures against fraudulent telecallers.

fire broke out at an eye hospital in southeast Delhi's Lajpat Nagar area on Wednesday, according to officials. There are no reports of injuries so far, stated a Delhi Fire Services (DFS) official.

MUMBAI : The Reserve Bank of India (RBI) is intensifying scrutiny on asset reconstruction companies (ARCs), mandating that they classify borrowers by risk profile and verify their KYC (know your customer) data after acquiring bad loans from banks and non-bank financiers. This move aims to bolster fraud detection and anti-money laundering measures, aligning ARCs with the same rigorous standards imposed on banks. According to two ARC executives aware of the development, the RBI has informed ARCs that they need to start verifying the KYC of borrowers even if they are buying from lenders who have those details.

PNGRB) has withdrawn notices to declare city gas networks in 54 licensed areas as common carriers, which would help end a legal tussle between the regulator and the affected city gas distributors.

Congress and other INDIA bloc constituents as well as certain civil society groups are trying to undermine the integrity of India's electoral process, the BJP alleged on Sunday and urged the Election Commission to prevent any attempts of «violence and unrest» during counting of Lok Sabha poll votes on June 4. The poll panel was also urged by a BJP delegation comprising Union ministers Nirmala Sitharaman and Piyush Goyal to take cognisance of the «systematic attempts» being made to undermine the process and initiate stringent action against those responsible.

vote counting process on June 4. In a post on X (formerly Twitter), Maken wrote, “Candidate’s Counting Agents at the ARO table are NOT being allowed for the first time!!! I have contested 9 Lok Sabha and Vidhan Sabha elections in the past- And this is happening for the first time."The Congress MP called it an issue “bigger than the alleged EVM rigging" while urging the Election Commission of India to address it.

Lok Sabha elections, bye-elections, and State Legislative Assemblies will be declared. District Election Officers, Returning Officers (RO), and Observers must fully comply with existing guidelines for counting arrangements in and around Counting Centers before the scheduled start of vote counting, the guidelines read as quoted by newswire ANI. Counting votes for a constituency will not begin if there are any pending ECI orders regarding an adjourned poll at any polling station(s).

Lok Sabha election came to a close on Saturday evening, the opposition INDIA bloc claimed after a meeting that as per its internal feedback it would win a minimum 295 seats. The opposition alliance demanded that the Election Commission of India (ECI) follow the laid out procedure, including counting postal ballots first and adhering to the Supreme Court's guidelines on counting a minimum five per cent of voter verifiable paper audit trail (VVPAT) per polling booth.

Insurance Regulatory and Development Authority of India (IRDAI) recently released a master circular to make health insurance policies more inclusive, flexible and customer-friendly. From reducing cancellation charges in indemnity-based health insurance policies to specifying how to offer a no-claim bonus to making claim-settlement procedures more transparent — the regulator has introduced some key changes in guidelines to make health insurance policyholders more empowered. ET Wealth Online explains what these mean for health insurance customers and how these rule changes in the health insurance policies will help policyholders.

Indian crypto market is brimming with potential, with several decentralised homegrown projects taking off and building impact. However, an ambiguity around regulations has got all private players in the Web3 space tiptoeing around real use cases. The adoption rate might be high as compared to many other countries but given the percentage of the cell phone ownership rate and internet penetration, it could be much higher with clear regulatory guidelines set by the government. Here's why bringing cryptocurrency under the purview of the Securities and Exchange Board of India (SEBI) could be a game-changer. SEBI's Proven Track Record

Exit polls. "The purpose of any debate should be to inform the people.

The Employees Provident Fund Organization (EPFO) has declared that it has changed the requirements regarding the uploading of an image of a validated bank passbook or cheque leaf in certain qualifying circumstances.

heatwave situation, Uttar Pradesh Chief Minister Yogi Adityanath on Friday issued necessary guidelines for administration in the state. For the last few days, the outbreak of severe heat waves has been seen in the state. The temperature is rising. In such a situation, strong arrangements should be made at every level for the safety of common people and livestock, wildlife, the Chief Minister instructed. Daily bulletin of weather forecast should be issued from the level of Relief Commissioner Office. The season of intense heat/heat waves is going on. In such a situation, be it a village or city, there should not be unnecessary power cuts anywhere. If needed, make arrangements to buy additional electricity. Problems like burning of transformer/falling of wire, tripping should be resolved without delay. Officers should attend to the phone, and there should not be any dispute, if such happens then the senior officer should immediately reach the spot himself, the CM instructed.

show cause notice to Air India after a 20-hour delay on a Delhi-San Francisco flight. The Tata Group-owned airline has been asked to respond within three days. «It has come to the notice of DGCA that flight Al-179 dated 24.05.2024 and flight Al- 183 dated 30.05.2024 were inordinately delayed and passengers were put to discomfort due to insufficient cooling in the cabin,» said the ministry in the notice. The flight on Thursday was delayed with passengers being made to sit inside the aircraft without air-conditioning in the capital's searing heat. Some of them allegedly fainted in the heat, while others pleaded to be allowed to alight.

Nirmala Sitharaman on Friday said the Modi government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than Rs 10 lakh crore from bad loans between 2014 and 2023. She said the Enforcement Directorate has investigated around 1,105 bank fraud cases, which resulted in the attachment of Rs 64,920 crore worth of proceeds of crime. As of December 2023, assets amounting to Rs 15,183 crore have been restituted to the Public Sector Banks (PSBs). «Recently, India's banking sector achieved a significant milestone by recording its highest-ever net profit, crossing Rs 3 lakh crore. The banking sector turned around due to PM Shri @narendramodi's strong and decisive leadership. Our government atoned for the UPA's sins in the banking sector through comprehensive and long-term reforms,» Sitharaman said in a post on X. She said there has been no leniency in recovering bad loans, especially from large defaulters, under the Modi government and the process is ongoing.

Basirhat (WB): BJP leader Suvendu Adhikari on Thursday urged women in troubled Sandeshkhali region, as well as other areas of Basirhat Lok Sabha constituency, to blow conch shells as a signal if they see any suspicious activities before the June 1 election. Speaking at a campaign rally in support of BJP candidate Rekha Patra, Adhikari voiced concerns about potential visits by «TMC-controlled state police» and others to intimidate residents into voting for the ruling party. He advised residents to blow conch shells if they observe unfamiliar people entering their neighborhoods late at night and cautioned against accepting money from organisations linked to the TMC. «If you (residents) see any suspicious movement at night, if you notice police personnel accompanied by strangers but not central force personnel entering your locality, blow conch shells if the situation warrants,» he said.

Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans, and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations. “Considering the dynamic nature of the interest rate risk, banks may have to address both trading and banking book risks, especially in the light of moderating net inter margins,” the RBI said in its annual report for FY24 Thursday. “On the liabilities side, it is imperative to focus on diversification of deposit sources as reliance on bulk deposits heightens sensitivity to interest rate fluctuations,” it added. The RBI also pointed out that regulatory measures aimed at slowing consumer lending have worked.

Google may not have been entirely transparent about its processes, the report added.Google on May 30 confirmed the authenticity of these documents in a statement to the publication. “We would caution against making inaccurate assumptions about Search based on out-of-context, outdated, or incomplete information.