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Category News

Clarification: 18% GST On House Rent?

The government clarified on August 12, 2022, via the official Twitter account of the Press Information Bureau Fact Check (@PIBFactCheck), in response to claims that the country’s house rentals may rise as a result of the new changes to the…

War and Sanctions shrink Russian economy by 4%

Russia’s economy suffered a four-year setback in the first full quarter following President Vladimir Putin’s invasion of Ukraine, setting it up for one of the longest downturns in history, albeit less severely than initially anticipated. According to the Russian statistics…

RBI issues strict norms for digital lending

In an effort to stop some players from engaging in illicit activity, the Reserve Bank of India (RBI) released the first set of guidelines for digital lending on Wednesday. The central bank has strengthened a regulatory framework to facilitate the…

Banks not to harass borrowers for dues, Says RBI

On Friday, the Reserve Bank of India (RBI) announced some additional guidelines to regulated entities (RE) that outsource financial services. The new rules address Recovery Agent (RAs)-related difficulties for the central bank. RBI has from time to time advised that…