Month: January 2023
US: Indian-American arrested for defrauding community members in Ponzi scheme
NEW YORK: A 56-year-old Indian-American man has been arrested in North Carolina on charges of defrauding Indian community members in a Ponzi scheme asking them…
10 new mutual fund offers or NFOs currently open. Should you invest?
Mutual fund houses have been busy launching new schemes lately. The buzz has caught the attention of many investors, too. At least 10 new fund…
Union Budget 2023: Budget 2023 needs to do this to make ESOPs more attractive for employees
Over the last few years, Employees Stock Options or ESOPs are being used as a powerful compensation tool by companies, particularly start-ups, to achieve multiple…
Rishi Sunak: UK police ‘looking into’ video of PM Rishi Sunak sans seatbelt | World News
LONDON: British police will be “looking into” a video in which Prime Minister Rishi Sunak can be seen riding in a car without a seatbelt…
Cyprus protests portrayal as safe haven for Russian money
NICOSIA: Cyprus has frozen about 1.5 billion euros ($1.6 billion) in Russian-linked deposits and assets in accordance with European Union sanctions over the war in…
Finance Ministry exhorts banks to achieve targets of social security schemes for FY’23
The Finance Ministry on Thursday asked banks to achieve targets given under the flagship financial inclusion and social security schemes for the current financial year….
eRupee can’t be turned into cash directly, for now
(This story originally appeared in on Jan 19, 2023) Mumbai: Currency notes cannot be directly exchanged for central bank digital currency (CBDC), or the eRupee….
EPF e-passbook facility working again on EPFO portal
After being down for more than a week, members of the Employees’ Provident Fund Organisation (EPFO) can now access their online EPF passbook. The e-passbook…
union budget 2023: Budget 2023: Indian shadow lenders call for rescue route from cumbersome compliance maze
Non-Banking Financial Companies in India are finding it difficult to adhere to the compliance obligations set by the Reserve Bank of India (RBI). The forthcoming…
Insurance Sector Budget Expectations: Budget 2023: Income tax sops for health, life insurance policyholders; GST cut, what insurance industry wants
Finance Minister Nirmala Sitharaman will present Union Budget 2023 on February 1, 2023. Insurance related expenses form a good part of individual taxpayer’s household budget….