[ad_1] Congress has a chance reduce child poverty by about A third By making permanent the Child Tax Credit (CTC) effective during 2021. Evidence suggests that the benefits of doing so far outweigh the costs. Last year, the American rescue plan expanded the CTC, making it paid monthly, and making it fully refundable, meaning the […]
ONGC share price: Reliance, ONGC’s credit quality can bear unexpected tax, says Moody’s
[ad_1] Billionaire Mukesh Ambani. India’s decision to impose additional taxes on local fuel exports and oil production is unlikely to cause a “material” dent to its credit quality to Oil and Natural Gas Corp., Moody’s said. Moody’s analyst Hui Ting wrote, “While profits from oil exports will decline due to unexpected taxes, they are likely […]
Credit card growth, record high credit consumption signals a pick-up
[ad_1] Credit Card Additions and Expenses Climb Fastest May In recent quarters, underscoring the fading effect of Covid-induced disruptions on consumption habits, a growing number of urban Indians have taken long holidays and bought high-ticket discretionary items after being nearly padlocked for two consecutive summers. The banking industry added 1.7 million cards in May, the […]
A higher EV tax credit cap, tax breaks with limited benefits
[ad_1] Automakers want Congress to remove the cap on EV tax credits. General Motors, Ford, Chrysler and Toyota CEOs say consumers will buy more Electric vehicles eligible for more EV tax credit if, Currently, when a company sells 200,000 plug-in electrics, the credit begins to expire. The CEO also says that he needs credit to […]
Credit Suisse: IT stocks facing never-before-seen challenge: Neelkanth Mishra, Credit Suisse
[ad_1] Although known to be a resilient area to invest in times of global macro uncertainty, IT Stock This time also the pressure may remain. Neelkanth MishraIndia Equity Strategist, credit SuisseThey are said to have lost weight on the IT services sector as they come under pressure from a never-seen-before challenge of revenue. “The challenge […]
Linking Credit Cards with UPI to Get Higher Acceptance
[ad_1] The Reserve Bank of India said that it will allow the linking of credit cards with the UPI platform. The central bank said that only RuPay credit cards will be linked to the UPI platform in the initial phase. The move will enhance the credit card acceptance infrastructure as merchants can accept credit cards […]
Credit Cards: Track Your Card Usage Ratio
[ad_1] With increasing digitisation, the usage of credit cards is increasing and banks are offering attractive benefits such as cashback, discount coupons and reward point benefits to attract new customers. Many people hold multiple credit cards, especially co-branded cards that offer rewards on purchases of air tickets, train tickets, fuel surcharge waivers, etc. Use Card […]
Bank credit to micro, small enterprises grew nearly 20% in April compared to a year ago: RBI data
[ad_1] Loans and Finance for MSMEs: Bank credit to micro and small enterprises (MSEs) continued to improve in April 2022. Gross bank credit posted to MSEs during the month grew 19.7 per cent to Rs 14.08 lakh crore from Rs 11.77 lakh crore in April 2021, the latest figures from the Reserve Bank of India […]
Will take strict action against wheat exporters on fake, back-dated letter of credit, says Piyush Goyal
[ad_1] Union Commerce, Industry and Food Minister Piyush Goyal on Friday said the government will take strict action against exporters who had created fake, back-dated letters of credit (LCs) on May 13 to ban wheat exports. “We are examining all possibilities of any exporter who has tried to sabotage the system,” he said. While barring […]
Bank credit to industry grew fastest in 8 years in April
[ad_1] Bank credit to industry grew at its fastest pace in eight years in April 2022, showed sectoral data released by the Reserve Bank of India (RBI).reserve Bank of India) on Tuesday. The value of loans deployed in the industrial sector – including large, medium, small and micro industries – grew 8.1% year-on-year (YoY) to […]