The RBI’s vision is to leverage CBDCs as digital tokens for facilitating call money settlements within the interbank borrowing market, a critical component of the financial system. The Reserve Bank of India (RBI) is set to introduce a central bank digital currency (CBDC) in the country’s call money market, reported Reuters quoting an official. This…
The feature comes days after WhatsApp extended the HD support for photo-sharing on the platform. WhatsApp users can now share videos in HD. It means users do not particularly need to rely on Google Docs links or other transfer services if they want to preserve the crisp video quality while sharing it with others. The…
Google suggests that the new bug logo has different avatars to appeal to its expanding community. It adds that there are over three billion devices powered by Android OS. Google is refreshing the Android logo with playful 3D elements that “better represent” its community. In the world of AI, the iconic Android bug, also known…
The state-owned telecom service provider — Bharat Sanchar Nigam Limited — is offeirng additional validity to its customers. The telecom service provider, according to TelecomTalk report, is offering 30 days of additional validity on Rs 397 prepaid plan as a part of a promotional offer. Here’s what the plan offers. BSNL Rs 397 prepaid plan…
WhatsApp is seemingly changing the User Interface (UI) design of the app and some people might fail to recognise it once the changes are made. While youngsters might not have an issue with this, people who are not good with apps or phones will likely take time to adjust to the redesigned UI of WhatsApp….
New income tax rules for these salaried taxpayers: The income tax department has announced major relief to taxpayers, availing company-provided rent-free homes. It has lowered the tax for employees staying in such accommodations. The new rule comes into effect from today, September 1, 2023. Income tax rules for company-provided rent-free homes 1)10 percent of salary…
Tax planning is an essential part of financial management. For this, one must know the key dates for tax payments. A tax calendar helps taxpayers to stay organised and compliant with tax requirements. Here are the tax due dates for September 2023. September 7: TDS/ TCS Deposit September 7, 2023, is the due date for…
New Delhi: As per the Reserve Bank of India (RBI) official list of holidays for September, banks will be closed for certain days in various cities across the nation. These holidays have been earmarked for diverse festivals, national events in the cities. Although bank branches will be closed, online banking services will continue to operate…
The income tax return (ITR) filing deadline ended on July 31, 2023, for FY 2022-23 (AY 2023-24). Those who filed ITRs at the last minute and have an income tax refund due must be wondering how long it will take to get the income tax refund to be deposited into your bank accounts. Suresh Surana,…
Members of the Employees’ Provident Fund Organisation (EPFO) can apply for a non-refundable EPF advance through the UMANG app or the EPFO Unified Member Portal to receive a variety of benefits for various purposes. Also, no certificate or document is required to be submitted to avail benefit. Is EPF e-nomination mandatory for filing advance claims…