Money

Is it illegal to have multiple bank accounts in India? Or, you can’t have more than one bank account henceforth? If some recent news reports are to be believed, as per the new guidelines by the Reserve Bank of India, a penalty will now be imposed on people with multiple bank accounts or bank accounts

8th Pay Commission: With delays in its announcement, the Confederation of Central Government Employees and Workers has urged Prime Minister Narendra Modi to immediately constitute the 8th Central Pay Commission to address the concerns of central government employees and pensioners. The Confederation of Central Government Employees and Workers, represents about 7 lakhs central government employees

Systematic Investment Plans (SIPs) have increasingly become popular among retail investors as a means to achieve essential financial objectives through regular and disciplined investing. SIPs enable investors to benefit from the principles of rupee cost averaging and the advantages of compounding. Still, a lack of understanding regarding investment products can lead many SIP investors, particularly

The government has issued a clarification on queries regarding a directive for nationalised banks to review employee performance, with implications for premature retirement of those deemed underperforming. In the Lok Sabha, parliamentarians Subbarayan K and Selvaraj V sought clarity on whether such measures were officially mandated and the criteria involved in these evaluations. The lawmakers

The appeal of India’s Tier 2 and Tier 3 cities is significantly influencing the real estate sector, spanning from tranquil areas to thriving urban centers. Factors such as a burgeoning population, swift urbanization, and enhanced infrastructure are drawing not only new residents but also developers keen to explore the vast opportunities these cities present. Economic

Question: I am a salaried employee and have invested in foreign Exchange Traded Funds (ETFs). I understand there have been recent changes to the tax treatment of foreign ETFs. Could you kindly provide clarification on how these changes may impact the taxability of my investments? Response given by CA (Dr.) Suresh Surana: In accordance with

In the era of globalisation, you have access to global markets and the opportunity to invest in international companies. You can invest in global companies either by directly investing in US stocks or through international mutual funds, which invest in foreign companies. Depending on one’s risk appetite, investing directly in US stocks can offer a

ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate have jointly declared an investment exceeding Rs 270 crore in a luxury residential project located in Gurugram. This amount represents the initial funding for the collaborative development endeavor. Situated in Sector 46, Gurugram, and encompassing 1.74 acres, this luxury housing initiative aims to transform the urban