
The bankrupt competitions boss is back with a new venture, raising eyebrows. After his previous company left many owed thousands, this new scheme is under scrutiny. Stakeholders are concerned about the implications of his return to the industry, questioning the viability and ethics of his latest project.
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"Looks like he's trying to turn over a new leaf, but many are skeptical!"
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INDmoney CEO discusses the implications of UPI MDR charges on investors using their digital broking platform. The firm adds ₹200 crore daily to wallets for trading and mutual funds. Understanding these costs is crucial for users navigating the investment landscape.
Global bond markets, including US Treasury and Japanese yields, significantly affect family finances. Understanding these dynamics is crucial for Indian families planning long-term financial goals, as they influence equities, currencies, and domestic borrowing costs.
Nithin Kamath, co-founder of Zerodha, endorses UPI's Merchant Discount Rate (MDR) as a necessary step for competition. He proposes a capped MDR of ₹5-10, instead of ₹300, to alleviate the financial strain on brokers. This move could reshape the financial landscape in India, enhancing market dynamics while addressing cost concerns.
Mumbai ITAT cancels a ₹23.94 lakh penalty for a taxpayer who initially omitted ₹38.37 lakh in cash deposits from his ITR. The taxpayer later disclosed this income during scrutiny and paid ₹19.89 lakh in taxes. This ruling highlights the importance of transparency in tax filings and the potential for penalties to be overturned when taxpayers cooperate with authorities.