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ITR Refund Not Received: As the deadline for filing income tax returns (ITR) for the assessment year (AY) 2024-25 passed on July 31, many taxpayers are eagerly waiting for their refunds. While the income tax department has streamlined the refund process over the years, delays can still occur. If your ITR refund is stuck, here’s…

Have you changed your job? And now you are worried about how to update the exit date in your Employees Provident Fund (EPF) account. Then, there is no need to worry as employees can now update their date of exit on the EPFO site after quitting their job. Subscribers can update their exit date online…

Indian Railways to redesign Vande BharatIndian Railways is set to introduce a new sleeper variant of the popular Vande Bharat Express, expanding its premium train offerings. The Integral Coach Factory in Chennai is working on creating a prototype sleeper Vande Bharat train, which should be rolled out in around 24 months. Manufacturing of 200 Vande…

Bank Holidays In January 2024: In January 2024, banks in India will observe closures for 16 days. Those with urgent banking needs should take note of the designated holiday dates. Bank customers must understand that while physical branches will be shut on these upcoming holidays, digital services like mobile banking, UPI, and Internet banking will…

The Reserve Bank of India (RBI) Monday imposed monetary penalties on seven co-operative banks for contravention of/non-adherence with the certain norms issued by the central bank for the co-operative banks. These banks are Textile Traders Co-operative Bank Ltd, Ujjain Nagarik Sahakari Bank Maryadit, Panihati Co-operative Bank, The Berhampur Co-operative Urban Bank, Solapur Siddheshwar Sahakari Bank,…

The Reserve Bank of India recently tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. A higher…

In case your credit score is poor, there are a number of steps that you may take to start improving your creditworthiness. These include reducing your credit card debt, addressing delinquent accounts, refraining to open new accounts, applying for a secured credit card, among others. These are some of the steps recommended to take:Credit report:…

The government has notified April 1, 2025, as the sunset date for the anti-profiteering clause in the GST law. Also, from October 1 all pending complaints under the anti-profiteering provisions will be handled by the Principal bench of the GST Appellate Tribunal (GSTAT), instead of the Competition Commission of India (CCI), the GST policy wing…

Planning for retirement and securing financial stability are critical aspects of every employed individual’s life. One of the key methods to save for retirement in India is through the Employee Provident Fund (EPF). This savings scheme is crafted to assist employees in maximising their working years and ensuring a comfortable future. Recognizing the significance of…