Mon, Jun 17, 2024 11:51 AM
Tough regulations are coming for the cryptocurrencies sector
A Flip by Avya Verma
Akme Fintrade's NBFC shares listed at Rs 127, a 5.83% gain over its issue price of Rs 120, after being oversubscribed 53 times. The company raised funds to augment its capital base, meeting the 15% minimum capital adequacy requirement. With plans to grow its loan advances, the IPO provides tier-1 capital, eliminating the need for fresh capital in the short term.
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The Modi govt is set to review interest rates on small savings schemes such as PPF, Sukanya Samriddhi Yojana, and National Savings Certificate at the end of the month. Experts suggest a possible hike in interest rates to encourage household savings, but caution against potential fiscal implications. A 0.5-1% increase in interest rates could lead to higher govt expenditure and fiscal deficits.
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Taxpayers can check the status of their tax demand notice on the e-filing ITR portal, and if eligible, the demand will be automatically extinguished. Steps to follow are: 📌Step 1: Go to the 'Pending Action' tab and then click on 'Response to Outstanding Demand' 📌Step 2: If the old tax demands have been extinguished, then the page will show as such.
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