Number of financial inclusion accounts touch 19.52 crore: RBI

Banks, mostly state-run ones, opened a whopping 19.52 crore accounts under the government's financial inclusion drive till the first week of December.

Sebi orders attachment of properties to recover over Rs 5 crore

Sebi has ordered attachment of at least 17 immovable properties and movable assets to recover over Rs 5.76 crore dues from Sun Plant Business and its three directors in a case related to illegal fund raising.

Jayant Sinha to meet state finance secretaries today on reforms agenda

The move is also a step towards co-operative federalism, under which the Centre will deliberate on issues hindering implementation of schemes.

Swiss account row: Amarinder rebuts charge, Akalis ask him to quit

Congress leader Amarinder Singh on Wednesday rubbished the issue of Swiss bank notice to his wife.

Aadhar card won't be extended to more services for now, says SC

Aadhar card won't be extended to more services for now, says SC

The Supreme Court on Wednesday declined to relax its order to allow voluntary use of Aadhar card for some welfare schemes at this stage.

OROP: Ex-servicemen allege bank accounts blocked

Ex-servicemen protesting against the government-approved 'One Rank, One Pension' (OROP) alleged on Monday that their bank accounts have been blocked, but said the move will not succeed in suppressing their agitation due to resource crunch.

SEBI to enhance supervision on stock brokers

The Securities and Exchange board of India (SEBI) is planning to enhance supervision on stock brokers after they defaulted on 20 billion rupees of investor fund.

Bank accounts now with 70 crore Indians: Modi

Bank accounts now with 70 crore Indians: Modi

Prime Minister Narendra Modi on Saturday said some 70 crore people untouched by any form of financial inclusion on Saturday had bank accounts, thanks to the scheme he announced exactly a year ago.

Wages to workers through cheque or in bank accounts in Punjab

Factories and commercial establishments in Punjab will now have to pay wages to workers through cheque or by crediting into their bank accounts.

All I-T refunds to be put directly in bank accounts: CBDT

The department is also planning to fully adopt and use banking services to end the current system of sending I-T refunds over the value of Rs 50,000 via cheques through the postal department.

Court pulls up I-T Dept for withholding info on foreign accounts

A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.

Cashing out: Millions 'disappear from China bank accounts'

A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.

Centre recommends Pak govt to freeze all bank accounts of underworld don Dawood Ibrahim: Reports

Centre recommends Pak govt to freeze all bank accounts of underworld don Dawood Ibrahim: Reports

Centre has sought information on the whereabouts of underworld don Dawood Ibrahim from Pakistan and has recommended them to freeze all his bank accounts, reports claimed on Tuesday.

Foreign travel details in ITR at suggestion of SIT: Jaitley

Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it.

Two billion people do not have bank accounts: IMF chief

Nearly two billion people globally do not have bank accounts including those in the US, IMF chief Christine Lagarde said Wednesday, ruing that financial systems around the world despite being sizable exclude many individuals from financial services.

LPG subsidy not to be taxed: Finance Ministry

Finance Ministry on Tuesday clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax.

Taxability of LPG subsidy unclear; experts seek clarification

Taxability of LPG subsidy and other direct benefits paid directly into bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.

Biz leaders meet FM Jaitley; want tax return forms simplified

The industry representatives said after the meeting that Jaitley assured them to look into simplifying the ITR and at making the forms smaller and the process of filing returns quicker.

Arun Jaitley to meet tax officials again to keep ITR forms simple

Facing criticism over the new ITR forms that seek details on bank accounts and foreign travel, Finance Minister Arun Jaitley will soon meet tax officials for the second time to make the filing of returns simpler for individual taxpayers.