GST AND INCOME TAX REFUND In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This would benefit around 14 lakh taxpayers. It has also been decided […]
RBI COVID-19 RELIEF ON LOANS The Reserve Bank of India (RBI) has allowed all financial institutions to allow a 3 month moratorium for all term loans in light of the COVID-19. RBI COVID-19 relief on loans is that the banks can now allow their customers for a 3-month period to not pay their monthly EMIs, […]
Reserve Bank of India (RBI) has requested depositors of Yes Bank not to panic after the government capped withdrawals from the struggling lender at Rs 50,000. In a move reminiscent of the PMC Bank crisis, except on a bigger scale, the government said depositors will not be allowed to withdraw more than Rs 50,000 effective […]