The complaints under Ombudsman Schemes rise to 4.18 lakh in 2021-22: RBI
The Reserve Bank of India today (04.01.2023), released the Annual Report of the Ombudsman Schemes for the period April 01, 2021 – March 31, 2022. Some highlights from the Annual Report are as follows: *Reserve Bank – Integrated Ombudsman Scheme (RB-IOS) was launched on November 12, 2021. Under the RB-IOS, 2021, a CRPC was…
Read article SBI, HDFC and ICICI bank continue to be named as banks that are ‘Too big to fail’
The Reserve Bank of India on Monday released the 2022 list of Domestic Systemically Important Banks (D-SIBs). State Bank of India (SBI), HDFC Bank and ICICI Bank continue to be domestic systematically important banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs. Systemically Important Banks (SIBs) are perceived as banks…
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Why these small tax payers get IT notices?
Updated on January 1, 2023 Taxpayers generally receive I-T notices under Section 139(9), 143(1), 143(2), 143(3), 245, 144, 147, 148, 156 (notice of demand) of the Income Tax Act, 1961, due to non-filing of ITR, claiming of inauthentic tax refund, hiding of taxable income, computing excessive tax losses, long term capital gains (LTCG), scrutiny, among…
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Govt hikes interest rate on SCSS, NSC and 5 other small saving instruments for Jan-March 2023
The government on Friday (December 30, 2022) has effected hike in interest rates of 8 small saving instruments for the January-March 2023 quarter. The interest rates of schemes like the Senior Citizen Savings Scheme, Monthly Income Savings Scheme, National Savings Certificate, Kisan Vikas Patra, and all post office time deposits have been hiked. However, rates…
Read article RBI releases the 26th issue of the Financial Stability Report 2022
The Reserve Bank of India on Thursday (December 29) released the 26th issue of the Financial Stability Report (FSR). The financial Stability Report (FSR) is a biannual report released by the Reserve Bank of India (RBI). The report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks…
Bank Holidays 2023 in Jammu and Kashmir
The administration of Jammu & Kashmir UT declared the following days to be a public holiday during the year 2023. Sr.No Date Day Occasion/Festival Date 1 26.01.2023 Thursday REPUBLIC DAY 2 08.03.2023 Wednesday HOLI 3 30.03.2023 Thursday RAM NAVAMI 4 04.04.2023 Tuesday MAHAVIR JAYANTI * 01.04.2023 Saturday ANNUAL CLOSING OF BANKS’ ACCOUNT 5 07.04.2023 Friday…
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