Subsidiary vs Sister vs Associate vs JV vs Conglomerate: Key Corporate Structures Explained
Overview These terms describe different forms of corporate relationships that are particularly relevant in the banking and financial sector for regulatory compliance, risk management, and consolidated financial reporting under the Companies Act, 2013 and RBI guidelines. Each structure differs in terms of ownership, control, liability, and financial reporting treatment. A clear understanding of these distinctions…
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Union Budget 2026: How the TCS Reduction Benefits Students
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2026, announced a reduction in the Tax Collected at Source (TCS) rate on education-related remittances under the Liberalised Remittance Scheme (LRS). The TCS rate has been lowered from 5 per cent to 2 per cent, offering meaningful financial relief to students and families funding education and…
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Union Budget 2026 — What Banks and Taxpayers Need to Know
Date presented: 1 February 2026Presented by: Finance Minister Nirmala SitharamanContext: The Union Budget 2026 🇮🇳 continues India’s efforts to sustain growth amid global economic pressures, while balancing fiscal prudence and long-term tax reforms. 📊 Overview: Growth, Deficit and Fiscal Strategy The government maintained a focus on macro-economic stability. With strong infrastructure spending and targeted incentives,…
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Union Budget 2026: Key Takeaways for Banking Sector
India’s Union Budget 2026, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, emphasizes financial sector reforms under the Viksit Bharat vision. It highlights the banking system’s strong balance sheets and profitability while announcing measures to enhance efficiency, inclusion, and growth. High-Level Banking Committee The budget proposes a high-level committee to review the banking…
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Bank Pensioners Dearness Rate from February to July 2026
All India CPI-W General index for October 2025, November 2025 and December2025 are respectively 147.70 148.20 148.20. The average index is 148.03 for the above period. Hence increase in Dearness Relief for Bank Pensioner will be 62 slabs more than the previous half year. Dearness Relief Rates apply as a percentage of Basic Pension before…
DA Charts for Feb-April 2026: Bank Officers and award staff
DA Payable to Bank Staff for the Quarter February–April 2026 The Dearness Allowance (DA) payable to bank employees for the quarter **February to April 2026** has been arrived at based on the movement in the **All India Consumer Price Index for Industrial Workers (CPI-IW), General**. For the reference months October 2025, November 2025, and December…
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