Budget 2020

Year-end pressure hits fund transfers via IMPS, UPI in millions

Several customers could not transfer funds instantly in the first two days of the new financial year as the core banking systems at some banks failed to process IMPS (Immediate Payment Service) or UPI (Unified Payment Interface) transactions. Bank systems were clogged due to year-end system maintenance. Transactions were delayed for more than 24 hours, […]

Budget 2020

GST mop-up hits a record in March

The indirect tax collections were 27% higher than that in March 2020. The gross GST collections in March hit a record of ₹1,23,902 crore, the Union Finance Ministry said on Thursday. This is the sixth month in a row that GST revenues have remained above ₹1 lakh crore. “The GST collections for March have created […]

Sports

Watch: Manpreet Gony hits Sri Lankan batsman with wayward throw during Legends match

A wayward throw from Manpreet Gony during the India Legends vs Sri Lanka Legends final in the Road Safety World Series on Sunday hit Sri Lankan batsman Chinthaka Jayasinghe in the 17th over of the chase. There was a lengthy delay as the batsman required medical attention. The Indian players milled around the batsman in […]

Budget 2020

Education loan demand hits new high despite pandemic

Demand for education loans rose to a record level in 2020, a year when most schools and colleges in India and across the world were forced to conduct classes online due to the pandemic. Education loan companies – which include banks and non-bank lenders – have disbursed Rs 11,000 crore loans in the 12 months […]

Budget 2020

Tax on PF interest will change the way we invest in it: How the Budget hits your PF

The proposed tax on Provident Fund interest has come like a bolt from the blue for high-income earners and HNIs who squirrel away huge sums into this taxfree haven. Though the tax will kick in only on contributions above Rs 2.5 lakh a year and will apply only to contributions by the employee, many Provident […]

Budget 2020

equity mutual funds: NFOs gain big; fear of correction hits equity mutual fund inflows

Equity mutual funds saw net outflows for the sixth straight month in December, 2020. While all the equity mutual fund categories, except a few, saw outflows in December, NFOs kept going strong. The outflows are attributed to the profit booking by mutual fund investors as the indices continue to soar. However, the new fund offers […]

Budget 2020

Walt Disney increases planned layoffs to 32,000 as coronavirus hits park attendance

The layoffs will be in the first half of fiscal 2021, the company said in a filing with the Securities and Exchange Commission. Walt Disney Co said on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with […]

Sports

‘Give respect, take respect’: Naveen-ul-Haq hits back at Shahid Afridi after LPL spat

By: Sports Desk | Updated: December 2, 2020 1:43:10 pm 40-year-old Shahid Afridi’s advice seems to have not gone down well with 21-year-old Naveen-ul-Haq. (File) Afghanistan pacer Naveen-ul-Haq has responded to Shahid Afridi’s advice- ‘play the game and don’t indulge in abusive talk’ by hitting back saying,” Give respect, take respect.” The 21-year-old player was […]