SCSS ACCOUNT OPENING PROCESS
When to use Capital Gains Account Scheme to save income tax if you made long-term capital gains after selling land, property, equities, etc.?
Capital gains: Both Indian residents and NRIs can use Capital Gains Account Scheme (CGAS) to save paying capital gains tax on long-term capital gains (LTCG) on sale of land, property, equities, etc. Non-Resident Indians can use a Non-Resident Capital Gains Account Scheme (NRCGAS) to save long term capital gains (LTCG). Read below to know how NRIs and Indians can save capital gains tax through CGAS.
What should WazirX do to unlock trust?
The WazirX cyberattack, which led to a $235 million loss, represents a critical "Crucible Moment" for the company. To regain trust, WazirX is implementing a restructuring plan allowing users to recover up to 85% of stolen funds through Recovery Tokens. Transparency, proactive communication, and regulatory compliance are key to rebuilding confidence. User participation in the upcoming voting process is crucial for a legally binding recovery.
Trump's deportation haste is trampling due process
The Trump administration's recent actions on immigration have sparked concerns over due process. President Trump and his officials have ignored court orders and deported individuals with valid visas, such as Dr. Rasha Alawieh, despite judicial rulings.
NCLAT allows homebuyers to manage incomplete residential societies once AoA is registered
The NCLAT has ruled that homebuyers have the right to take control of their residential societies even if construction is incomplete. The tribunal emphasized that developers cannot refuse the handover of maintenance duties to registered Apartment Owners Associations. This decision was made in response to a plea from Supernova project homebuyers, ordering Supertech to transfer control within seven days.
Rs 54,000 crore defence boost: DAC fast-tracks tanks, torpedoes & AEW&C, slashes red tape
India is set to enhance its defence capabilities with capital acquisitions worth over Rs 54,000 crore, approved by the Defence Acquisition Council (DAC) under Defence Minister Rajnath Singh. The procurement includes advanced engines for T-90 tanks, Varunastra torpedoes, and Airborne Early Warning & Control (AEW&C) aircraft systems. The Ministry of Defence is also cutting acquisition timelines from 96 weeks to just 24 weeks, aiming for faster and more efficient decision-making to prevent procurement delays and strengthen national security.
Unraveling the digital arrest scams: How scammers target vulnerable pensioners
Law enforcement officials uncovered a digital scam operation possessing data of 20,000 pensioners, including banking information. The sophisticated fraud involves scripted dialogues to exploit elderly targets' vulnerabilities, using mule accounts and fake SIM cards to evade detection and process payments.
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Fed says it will slow balance sheet runoff process
The Federal Reserve will slow the pace of its balance sheet drawdown starting next month due to the impasse over the government's borrowing limit. This change will see the cap for Treasury maturities reduced to $5 billion per month from the previous $25 billion cap.
Sebi, DigiLocker to reduce unclaimed financial assets
The regulator said investors using the DigiLocker facility will now be able to get their mutual fund statements, demat account holdings and consolidated account statements(CAS).
Household savings flow to financial market could pose risks, says finance ministry
The finance ministry has informed the Parliament about the risks households face when shifting deposits from banks to market-linked products in search of higher returns. The committee also discussed liquidity concerns, FDI in insurance, grievance redressal, and the activation of Jan Dhan accounts.
Did Prince Harry’s redacted visa papers hide more than just his drug use? Wild conspiracy theories emerge
Heavily redacted U.S. visa records for Prince Harry were released, sparking fresh controversy and speculation about potential undisclosed health issues. The Heritage Foundation pushed for the documents to verify his admission of past drug use, but the absence of clarity has fueled online theories. DHS officials assert compliance with immigration laws, but skepticism persists.
Unclaimed financial assets to reduce: Good news for nominees as SEBI partners with DigiLocker for smooth access to account of deceased
SEBI has partnered with DigiLocker to allow nominees access to the financial assets of deceased individuals. This initiative will help in easy retrieval of mutual fund and demat account statements, reducing the quantum of unidentified and unclaimed assets. The process involves nomination and notification through the already popular Digilocker, which already holds Aadhaar, PAN Card and more.
AI as an enabler, not a replacement: Skill readiness in the next phase of India's BPM industry
At a recent webinar hosted by Economictimes.com and Nasscom, industry leaders shared their insights on the future of India’s BPM sector. Read on to understand why AI could be your creative ally and more importantly why organisations must create an environment where employees feel empowered to explore AI rather than fear it.
Sebi allows storage, access of demat, mutual fund holdings in DigiLocker. Check 4 benefits
SEBI has integrated DigiLocker to help investors securely store and access their demat and mutual fund holdings. The initiative simplifies asset management, enhances transparency, and ensures seamless access for nominees, addressing the issue of unclaimed securities in the market.
Now HDFC Bank is also offering SCSS accounts with 8.2% interest: Check documents required, eligibility
HDFC Bank has begun accepting deposits under the Senior Citizens' Savings Scheme, offering an attractive 8.2% interest rate. This government-backed scheme provides stable income for retirees.
What is the real cost of traffic jams for Delhi commuters? Here's an eye-opening account
On Monday, VIP movements caused significant traffic jams in central Delhi, leading to a substantial waste of 46,000 litres of fuel and 44 lakhs in fuel cost. The traffic congestion also resulted in 100,000 manhours lost, contributing to severe environmental impacts due to increased CO? emissions.
SBI renews plan to shift more departments from Kolkata to Mumbai
State Bank of India is moving forward with its plan to centralize operations by shifting several divisions under its global market unit from Kolkata to Mumbai. Despite protests and previous delays, they are pushing ahead with the move to streamline operations and enhance efficiency.
Cos must send motor claims directly to Insureds' bank a/c: SC
The Supreme Court has instructed courts and tribunals to ensure insurance companies transfer claim amounts directly into claimants' bank accounts to prevent delays. This ruling aims to expedite compensation payments, especially for motor accident cases, which are significantly backlogged.
Looking for last-minute tax-saving avenues before March 31st? Here’s how Section 80C can come to your rescue
With just over 10 days left to save on taxes, individuals can invest in instruments under Section 80C to reduce their taxable income by up to Rs 1.5 lakh. Options include provident funds, ELSS, NSC, tax-saver FDs, SCSS, and certain insurance premiums.
IndusInd Bank hasn't sought any capital; opportune time for promoters to up stake: Ashok Hinduja
IndusInd Bank, despite an accounting discrepancy that revealed a potential Rs 2,100 crore impact, has adequate capital and hasn't sought fresh funds from its promoters, according to Hinduja Group's Ashok Hinduja. The promoters aim to increase their stake from 16% to 26%, taking advantage of the current low stock prices. An external auditor will further investigate the discrepancy.
Assassin’s Creed Shadows: Release date, time on PlayStation, PC Ubisoft Connect, PC Steam and Xbox, and how to preload
Assassin’s Creed Shadows will launch on March 19 or 20, depending on region and platform. Console players get access at midnight in their time zone. PC players have different release times on Ubisoft Connect and Steam. Preloading is available for all platforms.
Miami Open 2025: Full schedule, top players, live streaming & key matches – Everything you need to know about the ATP & WTA 1000 Tennis tournament in Florida
Miami Open 2025 is set to bring the world's top tennis stars to Florida from March 20-30, featuring Carlos Alcaraz, Coco Gauff, Novak Djokovic, and Madison Keys. Part of the Sunshine Swing, the tournament follows Indian Wells, offering thrilling ATP and WTA 1000-level action. With defending champion Danielle Collins and rising stars like Mirra Andreeva, fans can expect high-intensity battles. Here's the full schedule, top players, and how to watch live!
IIT JAM 2025 results to be announced today: Check how to download scorecard and further procedures
IIT Delhi will release the JAM 2025 results on March 18. Candidates can check their scores on the official website using their credentials. The admission application process through JOAPS portal will start from March 26. The IIT JAM 2025 seats will be allocated in four rounds. Over 2000 seats are available across various programmes.
PV Sindhu to lead Indian challenge at Swiss Open badminton
PV Sindhu, two-time Olympic medalist and 2022 Swiss Open winner, will lead the Indian squad at the Swiss Open badminton tournament in Basel. In the women's singles first round, she will face Malvika Bansod, making it an all-Indian affair.
Absence of concurrent external audit a big gap at IndusInd Bank
The lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in internal processes. This deficiency has led to a ?1,600 crore loss and raised concerns about the robustness of the bank's risk management systems and depositor confidence.
EPFO achieves historic high of 2.16 crore auto-claims in FY25
EPFO has achieved a historic high of 2.16 crore auto-claims settlements in the current financial year, compared to 89.52 lakh in 2023-24. The auto-mode claims are processed within three days and 99.31 per cent of the claims are now received online, eliminating the need to visit field offices.
SC to hear on Monday PIL for declaring present process of appointment of CAG unconstitutional
The Supreme Court is set to hear a plea on March 17 challenging the current method of appointing the Comptroller and Auditor General of India solely by the executive and the Prime Minister. The plea argues this practice violates the Constitution and calls for a transparent appointment process involving an independent selection committee.
I am 57 years old and have property worth Rs 5.35 crore. Should I shift investment to MFs for easier access to funds?
Should I liquidate my real estate investments and invest in mutual funds? Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Mosques covered with tarpaulin, strict security in place for Shahjahanpur's 'Laat Saheb' Holi
Mosques along the 'Laat Saheb' Holi procession route in Shahjahanpur have been covered with tarpaulins for protection, and extensive security arrangements are in place. The procession incorporates an 18th-century tradition where participants hurl footwear at a man dressed as a British Lord. Authorities have installed CCTV cameras and set up barricades to ensure safety and order.
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