1. PSU BANKS' PROFIT EXCEEDS $1 BILLION IN FY23

With their cumulative earnings surpassing Rs 1 lakh crore in the fiscal year that ended in March 2023, India's public sector banks (PSBs) have reached an important milestone.

22nd May

The Tax Collected At Source (TCS) regulations for overseas debit or credit card purchases have recently been loosened by the Indian government.

2. AS OF JULY 1, 2023, THERE WOULD BE NO TCS FOR LRS TRANSACTIONS MADE USING OVERSEAS DEBIT AND CREDIT CARDS UP TO RS. 7 LAKHS

22nd May

Surety bonds are a sort of insurance policy that shields parties to transactions or contracts from any financial losses brought on by breaches or non-performance. Recently, the Insurance Regulatory and Development Authority of India (IRDAI) announced the relaxing of surety bond regulations.

3. IRDAI RELAXES SURETY BOND REGULATIONS, BOOSTING THE COUNTRY'S INSURANCE INDUSTRY

22nd May