SBI receives Rs 6,338 crore income tax demand for AY24
The demand, which includes interest payment, was raised after scrutiny of the assessment proceedings conducted for the said period, SBI said in a stock exchange notice.
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RBI imposes penalty on HSBC
The Reserve Bank has fined Hongkong and Shanghai Banking Corporation Rs 31.8 lakh. This penalty is for not following rules on inoperative accounts and unclaimed deposits. The bank failed to host a searchable database of unclaimed deposits on its website.…
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Hormuz shock hits India's Oil lifeline
India’s crude oil imports have significantly declined this month, dropping 23% due to a sharp contraction in supplies from the Gulf. Refiners are compensating by nearly doubling purchases from Russia and increasing imports from African nations, while Saudi Arabian supplies…
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Trump says considering 'winding down' Iran war, US eases oil sanctions
President Donald Trump said Friday that he was considering “winding down” military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis. Amid growing concern over oil prices and global…
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NITI Aayog proposes National Job Skilling Policy to strengthen India's skilling ecosystem
As per the paper, while access to education has expanded, learning outcomes remain weak. “There is a gap between the credential or degree and the learning expected of students with those qualifications with many students lacking the job skills needed…
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SBI gets Rs 63,375 crore tax demand for AY24, to challenge order
The State Bank of India has been issued an income tax demand of Rs 63,375 crore for the assessment year 2023-24. The bank plans to challenge this order, citing similar ongoing litigation for earlier years. SBI stated the demand stems…
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