Magazine

Dearness allowance on bank employees special Pay for February-April 2024

Consumer Price Index for October 2023, November 2023, and December 2023 are respectively- 138.40, 139.10, and 138.80. It works out to 63 slabs of additional DR for the Quarter from February 2024 to July 2024. So no change in DA for the ensuing quarter.Pending amendments to Pension Regulations, Banks may pay the Dearness on special…

Read article
Infrastructure Investment Trusts (InvITs): Types,taxation, and structure

InvITs stands acronym for Infrastructure Investment Trusts. They are similar to REITs but invest in infrastructure projects like roadways, power plants, transmission lines, and other infrastructure. As per current SEBI Regulations InvITs can be divided into 5 key types depending on the types of infrastructure they own or operate: The business model of Infrastructure Investment…

Read article