Guidelines Financial News

PM Modi urged all to join the campaign and encourage young voters to exercise their democratic right to vote. With the general elections expected in April-May, he said there is a possibility that the Model Code of Conduct (MCC) will be enforced in March like it was done in 2019, a reference to the expected announcement of the election schedule sometime next month.

₹30,000 crore worth of investments related to such evergreening of loans. “However, the uncertain language of the RBI circular has prompted banks to deny capital calls across the industry, even to legitimate AIFs," said the second person cited above, an investor whose fund was impacted.

Money can create stress within a relationship, but talking through expectations and money beliefs can help couples get on the same page

Paytm, announced on Monday that founder Vijay Shekhar Sharma has resigned from the board of Paytm Payments Bank. “The Company has been separately informed that Vijay Shekhar Sharma has also resigned from the Board of Paytm Payments Bank to enable this transition.

Paytm and Byju's, have sparked discussions on the evolution of the start-up and entrepreneurship landscape in India. Touted as the beacons of India's burgeoning unicorn ecosystem, the seeming crash of mighty multi-billion dollar Byju's and Paytm Payments Bank has shaken the edtech and fintech start-up spaces in particular. For the uninitiated, Paytm's fintech arm Paytm Payments Bank (PPBL) has been hit with harsh regulatory limits by the Reserve Bank of India (RBI) --- limits that essentially shut down the whole operation.

SEOUL (Reuters) -South Korea's financial regulator on Monday announced reform proposals to nudge listed companies with low valuations to report plans to boost shareholder returns in an effort to reduce the «Korea discount» on stock prices.

SEOUL (Reuters) -South Korea's finance minister said the government's corporate reform plan would continue in steps until the «Korea discount» in the local stock market is resolved.

BSP chief Mayawati on Sunday asked her party MPs to instrospect whether they followed the guidelines given to them in the interest of the party. Mayawati's remarks come after BSP Lok Sabha MP from Ambedkar Nagar Ritesh Pandey resigned from the party's primary membership ahead of the Lok Sabha elections and joined the BJP in New Delhi. «Along with the BSP political party, there is also a movement dedicated to the mission of self-respect and self-respect of the most revered Baba Saheb Dr Bhimrao Ambedkar due to which the policy and working style of this party is different from the capitalist parties of the country. Keeping this in mind, the party also fields its candidates in the elections,» Mayawati said in a series of posts on 'X' in Hindi. «After meeting this criterion, the BSP MPs must introspect whether they took proper care of the people in their area? Did they devote full time in their area? Also did they properly follow the guidelines given from time to time in the interest of the party and the movement?» she said.

Uttar Pradesh Police constable exams: Big win for student power…: Rahul Gandhi The APPSC has outlined the examination patterns for both the prelims and mains. With the upcoming APPSC exam, it's highly recommended that candidates review the APPSC Mains exam pattern prior to appearing for the test. Undoubtedly, understanding the APPSC Prelims and Mains structures is essential for candidates preparing for the recruitment examination.

₹13.50 apiece on BSE. This intraday high turned out its new 52-week peak as well.

(Reuters) -Meta Platforms' Oversight Board said on Thursday it would include social media platform Threads under its purview, allowing users to appeal the company's content moderation decisions.

The independent risk manager Gauntlet has terminated its services for Aave.

Madhya Pradesh government has made a significant decision to introduce 'bag less school' once a week for students in classes 1 to 12 starting from the upcoming academic session of 2024-25. This initiative aims to alleviate the stress faced by students and will be implemented in both government and private schools across the state. The state government has also issued a notice outlining the weight limits for students' school bags based on their respective classes.

Multi-platform transactions: When transactions involve multiple e-commerce operators, such as Open Network for Digital Commerce or ONDC, the responsibility to deduct TDS falls on the operator directly engaged in payment transactions with the seller. For instance, a buyer-side e-commerce operator (ECO) facilitates interaction with the buyer, while a seller-side ECO manages interaction with the seller. In such scenarios, the seller-side ECO, responsible for making the actual or deemed payment to the seller, must deduct the applicable taxes.

KYC, or Know Your Customer, is a prerequisite process individuals must fulfill before opening a bank account. This process entails verifying the individual's identity, address, and other pertinent details. It necessitates in-person verification.

Passive income from dividends has become the lifeblood of many investors, and is one of the many reasons why they keep faith in the stock market. Even the father of value investing Benjamin Graham agreed. In his words, “The true investor will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies." The assumption is that companies paying out a slice of their earnings to shareholders typically have a record of strong profits.

Customs (CBIC) has revised guidelines for reporting of arrests, smuggling and commercial frauds by customs officers, as it looks to enhance risk-based targeting to nullify fraud attempts by syndicates. In an instruction to field officers, the CBIC said that the arrest and incident reports of smuggling and commercial frauds are not being shared or are sporadically shared by the customs zones. In some cases, the arrest report many times contains description/details that are insufficient as input for enhanced risk profiling. As per the revised guidelines of CBIC, the Chief Commissioner/Director Generals of a customs zone would be required to send the arrest report through email to the CBIC within 24 hours of the arrest of an individual.

Ashiana Housing Ltd, a listed real estate developer, is set to launch its luxury residential project, ONE44, in Jaipur in about a week’s time. Nestled on 3.5 acres of land, ONE44 is poised to redefine opulent living in Jaipur, according to the company. The official launch of the project is scheduled for February 18, 2024.

Paytm has shifted its nodal account to Axis Bank (by opening an Escrow Account), the company said in an exchange filing. On Friday, the Reserve Bank of India announced an extension of the deadline for Paytm Payments Bank until March 15, a shift from the initial date of February 29. This extension applies to certain restrictions imposed on January 31.

Management issues at Oregon's Crater Lake have prompted the federal government to consider terminating its contract with the national park's concessionaire

fintech sector, the Reserve Bank of India has put usage of cards for B2B payments on hold until further notice. ET wrote on February 14, that card schemes like Visa and Mastercard along with banks have been asked to halt vendor, supplier and other such payments made via commercial credit cards. These transactions are facilitated by fintech startups like EnKash, Paymate and others who have stopped it as well.