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Budget 2024: Govt may relax 45-day payment rule for MSMEs

The government is considering relaxing the 45-day payment requirement to MSMEs to prevent large corporations from seeking other sourcing options. This potential change to Section 43B(h) of the Income Tax Act might be announced in the upcoming Budget on July…

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Budget 2024: For micro, small & medium cos, a major funding boost

The upcoming budget may introduce a scheme to address credit gaps for MSMEs, potentially exceeding ₹10,000 crore. Interventions could include interest subvention and credit guarantees. The aim is to enhance credit access for the sector and promote growth. Stay updated…

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Reliance, Tata, Maruti & others rally veterans to now defend the giants’ next growth phase

Indian companies, including Reliance Industries and Tata Group, are leveraging the talent of ex-service personnel for their unique skills and capabilities. With a focus on fitness, discipline, crisis management, and execution rigour, these veterans are filling skill gaps in various…

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Budget 2024-25 eyes GST reforms, boost for renewable energy

Recommendations by NSEFI include maintaining the exemption from basic customs duty on imports of key renewable energy components such as wafer, ingots, and polysilicon.

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Auditor’s role must transcend from verification to assessing material risks: RBI DG Rao

RBI’s Deputy Governor M Rajeshwar Rao said that the role of auditor must transcend from just verifying financial statements to holistically assess material risks being posed by the business operations and business model being pursued by the entity.

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Cognizant CFO Jatin Dalal settles lawsuit with Wipro; pays Rs 4 crore in settlement

Cognizant has also announced the resolution of the lawsuit involving former Wipro senior vice president Mohammad Haque.

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News

  • 5 red flags investors should watch out for before choosing a financial product

    If an investment product promises exceptionally high returns and claims little or no risk to the amount invested, you should consider it as a clear red flag.

  • Sebi open market share buy-back norms explained: Eligibility, timeline and impact

    Sebi has approved the reintroduction of share buy-backs through the open market route from 1 August 2026. The buy-back timelines have been reduced, and promoters are not allowed to participate.

  • Is it a bank holiday today? Check RBI calendar to know if SBI, HDFC, ICICI, others are open or closed on 4 July

    Check RBI calendar to know if SBI, HDFC, ICICI, others are open or closed on 4 July. RBI's holiday schedule provides comprehensive detail about non-working days for banks under Negotiable Instruments Act and other under Banks’ Closing of Accounts in addition to weekend offs.

  • You can now add, update email to Aadhaar for free: Check how, last date and other details

    UIDAI is now allowing people to add or update email IDs to their Aadhaar card directly through the mobile application. The service was enabled on 1 July 2026 and will be free to use for six months.

  • ITR filing 2026: Gifts, inheritance and rural agricultural land sale receipts can now be reported separately

    The new income tax form initially lacked a section for certain tax exempt receipts. Now, it includes an additional dropdown for ‘Receipts not in the nature of income’. Experts decode what this news head means for taxpayers.

  • Dearness Allowance: Could employees get 3-4% DA hike announcement this month? Here's what the numbers indicate

    Dearness Allowance: DA is revised twice a year in line with the All-India Consumer Price Index (AICPI) to match the cost of living. Here's a look at the numbers and whether employees could get a 3-4% DA hike this month.

  • Will your PF corpus shrink due to ₹1,800 contribution cap? EPF-2026 rules bring employer contribution into focus

    The central government has introduced the EPF Scheme, 2026, mandating a fixed monthly contribution of ₹1,800 each from employees and employers. Here's how the new rules may shrink your final provident fund corpus. 

  • I-T dept allows charitable trusts to seek fresh approval post deadline, taxpayers to get 80G relief

    The deadline to apply for fresh approval expired on 30 September 2025. Following this, all the applications made by charitable trusts were rejected purely on the grounds of delay in seeking approval. With the latest circular, the I-T department has provided relief to these charities.

  • How much retirement corpus do you need if you have ₹1 lakh monthly expenses now? Experts say it depends on these factors

    Retirement planning involves personalised strategies for investing according to risk appetite and anticipated lifestyle changes. Factors such as inflation and healthcare costs must be incorporated into the calculation of the necessary retirement corpus. 

  • EPFO: Documents and errors — Here are the top reasons your employees' provident fund claims could be rejected, explained

    Employees' Provident Fund Organisation: We take a look at the top four reasons an EPF subscriber's claim for their employees' provident fund may be rejected. Check the reasons here, explained.

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