Mumbai, Maharashtra, India – Business Wire India In a series of continuous major partnership streaks, Pocket HRMS has announced the launch of their integrated partnership with ClearTax, India's leading tax filing platform. The employee-centric integration offers the comfortable option of filing income tax returns directly from the employee self-service portal. The integration is currently being [...]
Mumbai, Apr 8 (PTI) The Reserve Bank of India (RBI) on Friday kept borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth despite inflation edging higher in the aftermath of Russia's war in Ukraine.RBI's six-member Monetary Policy Committee voted to hold the [...]
Washington, Apr 8 (PTI) A group of influential US lawmakers has introduced a bill in Congress to recapture nearly 380,000 unused family and employment-based visas to reduce a massive Green Card backlog, a move which could benefit thousands of highly-skilled IT professionals from India. A Green Card, known officially as a Permanent Resident Card, is [...]
The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 4 per cent and going forward decided to withdraw its accommodative stance to ensure that inflation remains within the target level. Retail inflation is hovering above the RBI's upper tolerance level for the past couple of months. It was 6.07 per [...]
Colombo, Apr 8 (PTI) Sri Lanka may run out of diesel by the end of this month with the USD 500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign reserves. Sri Lanka is facing its worst economic crisis since gaining independence from the UK in [...]
Washington, Apr 7 (PTI) A key US Congressional committee has passed a legislation to eliminate the per-country cap on issuing of Green Card on employment-based immigrant visas and to increase the per-country cap for family-based immigrant visas from seven per cent to 15 per cent, a move which will benefit Indian IT professionals languishing over [...]
New Delhi, Apr 7 (PTI) Traders' body CAIT and Indian Footwear Association (IFA) on Thursday urged Finance Minister Nirmala Sitharaman to keep GST on footwear costing below Rs 1,000 at 5 per cent.With effect from January 1, 2022, all footwear, irrespective of prices, attract a GST rate of 12 per cent.To support their contention, they [...]
Mumbai, Apr 7 (PTI) Insurance Regulatory and Development Authority of India (Irdai) is likely to urge the government to remove the Rs 100 crore entry cap for setting up an insurance company in the country, its Chairman Debasish Panda said on Thursday.The lower entry barrier will facilitate the entry of more niche players in the [...]
Mumbai, Apr 7 (PTI) Reserve Bank of India on Thursday proposed to modify the existing norms to simplify and rationalise the process for settlement of payment for exports and imports through e-commerce. RBI has issued draft guidelines on 'Processing and Settlement of small value Export and Import related payments' facilitated by Online Export-Import Facilitators (OEIF) [...]
Traders' body CAIT on Thursday asked the government to prohibit online marketplaces from selling drugs in the country, a day after e-retailer Flipkart announced its entry into the medicine vertical. In a statement issued on Thursday, the Confederation of All India Traders (CAIT) said it has written to commerce minister Piyush Goyal and health minister [...]
