Introduction of platform fees for bill payments by Google Pay indicates a wider movement towards monetising UPI transactions. Google Pay, a prominent UPI (Unified Payments Interface) platform, has begun implementing a convenience fee for utility bill payments, including electricity and cooking gas bills. Previously free for low-value transactions, the service now charges between 0.5% and…
Tobacco products, including cigarettes and pan masala, contribute substantially to government tax collections. (AI image) India may explore increasing the goods and service tax (GST) on tobacco products, including cigarettes, after it stops levying the compensation cess on them.Tobacco products, including cigarettes and pan masala, contribute substantially to government tax collections, with revenue reaching ₹72,788…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Axis Bank, Bajaj Finance and JSW Steel are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for February 20, 2025.Index…
MUMBAI: Veteran banker Uday Kotak has warned that India’s economic ‘animal spirits’ are fading as the next generation of business families focuses more on managing investments than building and running companies.Kotak also called for a cohesive strategy from policymakers to counter the “vacuum cleaner” effect of US policies, which are pulling foreign capital away, straining…
NEW DELHI: Automobiles are among the list of items identified by the commerce department for consultations with other departments and ministries ahead of negotiations for the proposed bilateral trade agreement with the US – an indication that govt is seeking feedback for a possible duty cut for bikes and cars such as Harley Davidson and…
BENGALURU: Salary increments in India are expected to remain flat at 9.2% this year compared to a 9.3% increase last year amidst global uncertainty and softening growth, according to Aon’s Annual Salary Increase and Turnover Survey 2024-25 India. The survey is based on data from more than 1,400 firms across 45 industry sectors. The report…
NEW DELHI: The Institute of Chartered Accountants of India (ICAI) on Wednesday said a record number of punishments had been given by it so far during the current financial year, with disciplinary actions ordered against 241 CAs, including removal from membership for up to five years, as against 119 last year.ICAI’ president Charanjot Singh Nanda…
NEW DELHI: Direct overseas investment into India dipped marginally to $18.5 billion during April-Dec 2024, compared with $18.8 billion during the first nine months of the previous fiscal year, as overseas companies significantly stepped up repatriation from the country.Latest data released by the Reserve Bank of India (RBI) showed that during April-Dec, repatriations or disinvestment…
MUMBAI: The RBI‘s State of the Economy report said high-frequency indicators point to a sequential pick-up in economic activity in second half (Oct-March) of 2024-25, with momentum expected to continue. However, financial markets remain uncertain due to slowing pace of disinflation, potential tariff impacts, and selling pressures on emerging market economies from foreign portfolio investors,…
MUMBAI: The Reserve Bank of India’s (RBI) intervention in the foreign exchange market to stabilise the rupee resulted in net sales of $15.2 billion in Dec 2024, latest data released by RBI on Wednesday showed. This was a drop of $5 billion from $20.2 billion in Nov 2024 when the then President-elect Donald Trump stoked…
