Elon Musk

Photo: India Today

Elon Musk Wants X To Replace Bank Accounts, Be Financial Hub

Elon Musk is celebrating one year of Twitter takeover with $44 billion-deal, and aims to make it all app, including the financial hub. As per sources, on October 26, Musk and X CEO Linda Yaccarino held X's first all-hand meeting and discussed major aspects of rebranding, including the vision of making the platform a space for users for finances. Musk also asked X employees to replace X with bank accounts.

Fri, 27 Oct 2023 - 02:40 PM / by Varsha Joshi

Tags: Elon Musk, X, Finances, business, X Employees, Banks

Courtesy: NDTV

Credit card

Photo: Business Standard

TCS Levy Credit Card Users To File Declaration Soon

The tax department is considering a proposal under which credit card holders will have to file a declaration with the issuer entity within a stipulated time, specifying the nature of expenses incurred in foreign currency for the purpose of TCS levy, sources said. The I-T department is in talks with the RBI and other stakeholders to firm up a mechanism, to distinguish tax collection %, based on purpose of expense.

Wed, 21 Jun 2023 - 09:32 AM / by Varsha Joshi

Tags: business, tax collection, Banks, Credit Card Holders, INDIAN MARKET

Credit Card

Photo: India Today

Credit Cards Tricks And Tips For Newbies

Credit Card is a mode of comfort in broke situations, but usually, newbies get trapped in loans, as they are unaware of the benefits of the card. Here are some tips about credit cards, which every newbie should know, 1. pay your bill on time. 2. shop around before applying for one 3. Try to use a little of your credit limit 4. Pay bills with credit card, for points.

Fri, 19 May 2023 - 05:03 PM / by Varsha Joshi

Tags: Credit Card, Banks, newbies, Tips, rules

Courtesy: CNBC


Photo: The Economic Times

Public Sector Banks To Conduct Credit Outreach Programmes In All Districts

As part of Azadi Ka Amrit Mahotsav celebration, public sector banks are scheduled to conduct a credit outreach programme on June 8, in all districts across the state. With this, the customers and public at large, could clarify their queries on credit facilities and enrolment in various government schemes. Under Azadi Ka Amrit Mahotsav, a week-long celebration of Ministry of finance is underway, during June 6-12. 

Tue, 07 Jun 2022 - 08:52 PM / by Shibu Immanuel S

Tags: PUBLIC SECTOR BANKS, Private Sector, Banks, Azadi Ka Amrit Mahotsav, Ministry of Finance

Courtesy: ANI

RBI Governor

Photo: Business LIne

RBI Revises Repo Rate By 40 Bps, EMIs On Loans To Be Expensive

The RBI Governor Shaktikanta Das announced a 40 bps hike in repo rates, due to which money loans will be expensive. On May 4, Das said after unanimous votes of the Monetary Policy Committee, the repo rate has been increased by 40 basis points, citing persistent inflationary pressures in the economy. Moreover, the amount of deposits in bank rate is 4.5%. The hike will be effective from May 21.

Wed, 04 May 2022 - 04:47 PM / by Varsha Joshi

Tags: repo rate, RBI, Governor Shaktikanta Das, MPC, Banks

Paytm Payments Bank given RBI orders

Photo: Asianet News

RBI Directs Paytm Payment Banks To Stop Onboarding New Customers

The RBI under section 35A of the Banking Regulation Act, directed Paytm payment banks to stop onboarding new Paytm customers. The decision was in the view of certain supervisory material concerns observed in banks, on March 11. Furthermore, banks were asked to conduct comprehensive system audit of IT firms, read a RBI release. Notably, a final decision over new Paytm customers will be taken after IT reviews by the RBI.

Fri, 11 Mar 2022 - 07:55 PM / by Varsha Joshi

Tags: Reserve bank of India, Paytm, paytm payments bank, IT audit, Banks

Courtesy: Business Line

Inland Cargo

Photo: Logistics Insider

Inland Waterways Between Haldia-Guwahati To Begin Soon: Assam

Guwahati will soon be connected via inland waterways, announced Union Shipping Minister Sarbananda Sonowal on January 2. He further said that a contract has also been given for the same. Reportedly, the project will facilitate inland cargo from West Bengal's Haldia to Pandu terminal in Guwahati. Sonowal added that the government is planning to encourage banks to issue soft funds in this sector by providing guarantees. 

Mon, 03 Jan 2022 - 09:02 AM / by Brijesh Goswami

Tags: Inland Waterways, Haldia, Guwahati, Inland cargo, Banks

Courtesy: ANI