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The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter

Interest rates of post office savings schemes hiked; PPF and Sukanya Samriddhi rates unchanged,...

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Changed interest rates would be applicable between Janu 1, 2023, and Mar 31, 2023 On Friday the Centre hiked interest rates on post office savings...
Govt clarified after it noticed in some cases that operating agencies are closing the SCSS account by treating it as premature closure

No premature closure of Senior Citizens’ Savings Scheme account on death: Finance Ministry

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Centre issues clarification in operation of Senior Citizens’ Savings Scheme The Finance Ministry on Thursday clarified that premature closure of an account under the Senior...
RBI issues advisories to people, alerting them against such fraudsters’ practices

Finance Ministry, RBI earmark measures to safeguard public from being defrauded by scamsters

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As fraudsters get smarter, RBI, banks get busy plugging loopholes Amid rising newer techniques being used by fraudsters, the Reserve Bank of India (RBI) has...
Govt clarification comes after media reports claimed that the central bank was considering adding fees to each financial transaction made through the UPI system

Centre not considering levying charges for UPI services, clarifies Finance Ministry

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UPI services to remain free: No consideration to levy any charges, says Govt Amid confusion over UPI transaction charges, the Union Finance Ministry has clarified...
Has the Finance Ministry broken the back of illegal cryptocurrency exchanges?

Finance Ministry says Rs.95.86 crore recovered from 11 cryptocurrency exchanges. Supreme Court directs Bitcoin...

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11 crypto exchanges including CoinDCX, CoinSwtich evaded taxes upto Rs 95.86 crore Finance Ministry on Monday informed Parliament that Rs.95.86 crore has been recovered from...
In the eyes of the Finance Ministry, is a virtual asset (i. e. NFT) the same as a real asset e. g. stock, gold?

Finance Ministry proposes amendments to Finance Bill to tighten norms for Cryptocurrency taxation in...

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Finance Ministry proposes to remove the word 'other' from section relating to set off of losses from gains in VDA India’s Finance Ministry on Thursday...
PGurus extensive coverage of Co-location scam four years starting to bear fruit… but is it too little, too late?

Court sends NSE ex-MD Ramkrishna to 7-day CBI custody in co-location scam case. Expected...

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Unless the likes of K P Krishnan, Ramesh Abhishek, Ashok Chawla, Ajay Shah, Thomas sisters are subjected to the truth serum, CBI is unlikely...
Sloppy performance of Govt. portals maintained by Infosys is causing concern – will it act?

Finance Ministry summons Infosys CEO for unending glitches in the new Income Tax portal....

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Finance Ministry summons Infosys CEO Salil Parekh on new IT portal's continual glitches The leading software firm Infosys is becoming a real embarrassment to the...
Is the Finance Ministry finally beginning to act against Adani firms?

Finance Ministry informs Parliament that SEBI and DRI are probing Adani Group firms

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Adani firms under SEBI, DRI probe, says Finance Ministry to Parliament In an interesting development, Finance Ministry on Monday informed Parliament that markets regulator Securities...
With the CBI filing a charge sheet on the Chidamabarams and others in the INX Media bribe, the noose is tightening

INX Media bribery: Chidambaram, Karti, family’s Accountant, Peter, six finance ministry officials & four...

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Within 60 days of arrest, the Central Bureau of Investigation (CBI) on Friday charge-sheeted the former Finance and Home Minister Palaniappan Chidambaram in the...

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