Inclusion Financial News

₹25,000 for assessment year up to 2010-11 and demands up to ₹10,000 from the next year up to assessment year 2015-16 will be extinguished. However, any criminal action initiated or planned under any law will not be dropped. Any tax demand raised against taxes collected or deducted at source (TCS or TDS) will not be eligible for this relief, CBDT said.

₹1.5 trillion assets under management (AUM)—has launched its first small- cap fund. However, this is not your regular small-cap fund. It is a multi-factor fund that will track an alternative small-cap index created using different quantitative factors.

UNITED NATIONS: Underlining the need for comprehensive reform of the Security Council, India has questioned how much longer can the will of five permanent members of the powerful UN body continue to override the collective voice of the world organisation's 188 member states. India's Permanent Representative at the UN Ambassador Ruchira Kamboj, speaking at the Inter-Governmental Negotiations on Security Council Reform on Friday, stressed that “equity" must be the cornerstone of global efforts to reform the 15-nation UN body. “Equity demands that every nation, irrespective of its size or power, be afforded an equal opportunity…to shape global decision-making,” she said, adding that “Our question therefore is how much longer will the will of five members continue to override the collective voice of 188 member states?”.

Apple enthusiasts anticipate the rollout of iOS 17.4, which will extend its emoji repertoire to include non-gender-specific family symbols and redesigned existing family emojis. Emojipedia, affiliated with the Unicode Consortium, highlights the deliberate exclusion of additional flags in this update, citing the complexities of representation and the transient nature of many pride flags.

By Aroon Kumar

It’s awards season. The Oscar nominations have been announced, although the winners have yet to be revealed. But there’s another award show that’s dedicated to showcasing the best and brightest of wealth professionals: the InvestmentNews Awards!

MUMBAI : Overall inflows from foreign investors have hit a record high of ₹2.74 trillion this fiscal year, chiefly due to front-loading of government bond purchases by global banks and traders. This follows JP Morgan’s decision to include Indian government bonds in its government bond index-emerging markets (GBI-EM) from June.

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.

Samsung is reportedly considering integrating the innovative cameras of the Galaxy S24 Ultra into the upcoming Galaxy Z Fold 6. While details are scarce, speculation points towards the possibility of a powerful 200MP primary camera, as reported by Android Police. For context, the current Samsung Galaxy Z Fold 5 features a 50MP primary camera.

A US official has raised concerns about a provision in Senator Elizabeth Warren’s proposed bill on digital assets.

Act East Policy Affairs Minister Chandra Mohan Patowary said that the Act East Policy, under the stewardship of Prime Minister Narendra Modi, has reinvigorated India's engagement with its Eastern neighbours, while the country’s relationships with Bangladesh and Bhutan have seen a new era of cooperation in areas of trade, transit and water resources management. Patowary today attended the inaugural session of “Act East through Northeast 2.0 — The Round Table Conference on Inter Country Economic Corridor through Northeast of India for Inclusive Growth” held at a city hotel. Building on the momentum of the previous successful conclave in 2022, the second instalment of the roundtable conference organised by Act East Policy Affairs Department, Govt of Assam aims to explore the fresh opportunities presented by the Act East Policy for the Northeast region. It also seeks to develop a strategic framework for enhancing economic and cultural connections with Southeast Asian countries, with a focus on bolstering bilateral relations with neighbouring Bangladesh and Bhutan.

Jio Bharat B1, unveiled in October last year, featured 4G connectivity and a pre-installed UPI payment feature, supporting multiple Indian regional languages. It offered users a choice between two colors and garnered attention for its budget-friendly price tag of Rs. 1299.

alternative investment funds (AIFs) from the restrictions imposed by the evergreening circular issued in December, reported Business Line. This may include NIIF Funds, SIDBI Fund of Funds, SBI Cap Venture’s Self-Reliant India Fund and SWAMIH Investment Fund (SIF) and any new funds that the government may launch or considered strategically important, said a person in the know. Equity funds are expected to see some leeway but not much of a relaxation may be granted to debt funds.

First, says Sanju Ballurkar, President of EXPERIS, this is not just a problem in India but is seen across the world. “Women representation in the tech industry is less than 27% for various reasons including but not limited to the gender pay gap, lack of similar opportunities as compared to their counterparts, sexism and harassment. It is more a reflection of broader societal challenges rather than just an isolated industrial issue. Addressing this requires extensive collaboration across all sectors of society to ensure a fair representation of women in the tech workforce,” he says.

₹30,000. Our list has some of the best laptops in the under ₹30,000 category - these laptops offer cost-effective performance and serve as a gateway to productivity, entertainment, and connectivity without disrupting your budget. In this segment, users usually prefer to focus on essential specifications such as processing power, storage capacity, display quality, and battery life to keep up with their computing needs on a daily basis.

India on Thursday said it has rejected the demand of the four European nations EFTA bloc for inclusion of a 'data exclusivity' provision in proposed free trade agreements, stating that it always protects the interests of the domestic generic drugs industry. Commerce Secretary Sunil Barthwal said there is no Free Trade Agreement (FTA) in which India will go against the generic drug industry. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The bloc is negotiating a trade agreement with India. «They want that there should be data exclusivity, we rejected their demand. We are with our generic industry.

“We believe that 2024-25 will be the year where we see a structural shift in demand-supply dynamics for Government bonds,” says Devang Shah, Co-Head, Fixed Income, Axis Mutual Fund. In an interview with ETMarkets, Shah said: “We expect RBI to ease its liquidity stance from April 2024 and expect RBI to cut rates in H2 on account of lower inflation and benign global interest rate cycle,” Edited excerpts: How do you rate the Interim Budget on a scale of 1-10 (10 being the best) and why? Devang Shah: We will rate the budget as good -10 out of 10 from a fixed income markets perspective. We were looking at the fiscal consolidation and gross and net borrowing numbers, and the budget has delivered a path for fiscal consolidation.

Bain Capital, Advent International and CVC Capital are among the private equity funds that are competing to buy Shriram Housing Finance Ltd (SHFL), an arm of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people with knowledge of the matter. These three, along with Warburg Pincus, have been shortlisted after non-binding bids were submitted by potential buyers in mid-December. They are currently engaged in conducting due diligence. Binding bids are due in a fortnight. Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of SHFL, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

₹25.51 trillion up to 6 October 2023. Stand Up India, launched on 5 April 2016, has sanctioned loans amounting to ₹47,073 crore to SC, ST and women borrowers till 24 November 2023.

Modi emphasized the importance of inclusive and corruption-free governance on Wednesday, stating that such leadership is crucial in the contemporary world. Speaking at the World Governments Summit during his visit to the UAE, PM Modi reiterated his longstanding principle of 'minimum government, maximum governance'. He highlighted the growing trust of the Indian populace in the government's integrity and dedication over the past few years. «People have trust in the intent and commitment of the Indian government. This was possible only because we prioritized public sentiments,» Modi stated during his address.

MintGenie, Sadana said that customers should try to build a better credit history which in the long term would be significantly advantageous to them to get better credit products and terms in the future. We have seen increased credit accessibility for customers due to the digital revolution we have seen in the lending ecosystem.