The Income Tax Department will issue refunds “only” via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its latest public communication.
Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.“The Prime Minister has given time on August 21 to launch IPPB. Two branches of the bank are already operational.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to increase the policy repo rate by 25 basis points.The MPC reiterates its commitment to achieving the medium-term target for headline inflation of 4 per cent on a durable basis.On the basis of an assessment of the current and evolving macroeconomic situation at its
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