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How will rate hike tame inflation? Explained | Business News – India TV

Treating inflation is like treating cancer! Therefore, it is important to remember that the war against price hikes can never be over. In such a scenario, it becomes prudent to take steps to check the rising prices of services and goods and also maintain a balance between the demand and supply chain. The Reserve Bank of India (RBI) in a surprising turn of events on Wednesday announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018. The decision was ....

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45% of the customers have taken moratorium PAN India; more observed in the northern region of the country: Finway

45% of the customers have taken moratorium PAN India; more observed in the northern region of the country: Finway
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10 attractive stocks to watch for in Electric Vehicle industry
Electric Vehicle Stocks India: Electric vehicles are gaining widespread recognition in India. Alarming rates of emission and skyrocketing fuel prices are driving the adoption of electric vehicles among the masses and therefore EV stocks are the hottest trend. Finding the one to ride the trend could be a daunting task as several companies have yielded great wealth and their valuations have increased manifolds. When it comes to EVs, it is not only the carmaker but the industry that is composed of companies focused on its components. Therefore, it is advisable to play the EV trend by buying the partnership in the companies involved in the supply chain. It could be a company doing business in making lithium batteries, charging stations, related parts, and more. Parking your funds wisely in such companies could deliver a handsome return as the industry is quite young and growing rapidly. ....

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Interest on EPF contribution above Rs 2.5 lakh to be taxable -- what it means for you


Interest on EPF contribution above Rs 2.5 lakh to be taxable what it means for you
Union budget 2021: With this, EPF contribution no longer enjoys the Exempt-Exempt-Exempt (EEE) status, albeit for high income employees
Aprajita Sharma February 1, 2021 | Updated 17:16 IST
In a jolt to those investing a larger amount of corpus to the Employee s Provident Fund (EPF) and Voluntary Provident Fund (VPF), the Budget 2021 has made interest income taxable. With this, EPF contribution no longer enjoys the Exempt-Exempt-Exempt (EEE) status, albeit for high income employees.
As per the provisions of the Finance Bill, from April 1, 2021 onwards, the interest on any contribution above Rs 2.5 lakh by an employee to a recognised provident fund is taxable. That is, if the total employee PF contribution (mandatory + voluntary) contribution is more than 2.5 lakh, the interest earned on the excess amount will be taxable as per slab, says Rachit Chawla, CEO & Founder, Finway FSC. ....

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