Mumbai: Bernstein initiated coverage on housing finance companies in the affordable segment and assigned an ‘Outperform’ ratings to HomeFirst Finance, Aptus, and Aadhar; and ‘Market-Perform’ ratings to Aavas and PNB Housing Finance. The brokerage said around 60% of the labour force has access to credit and mortgages are likely to drive the next leg of … Read more
As Finance Minister Nirmala Sitharaman prepares for the Budget 2025 announcements, many taxpayers, including Non-Resident Indians (NRIs), are anticipating long-awaited relief. NRIs are hoping for some changes to the 182-day residency criteria and simplification of Tax Deducted at Source (TDS) requirements for selling properties in India. These initiatives could help address ongoing challenges faced by … Read more
The Universal Account Number (‘UAN’) is a unique 12-digit number that is given to each member of the Employees’ Provident Fund Organization (EPFO). Through the UAN, PF members can easily manage their accounts. Ideally, a member should have only one UAN which can be used throughout their tenure. Radhika Viswanathan, Executive Director, Deloitte Haskins & … Read more
The banking and financial services sector offers many investment opportunities. It is closely linked to the economy and has the potential to grow faster than the economy. This is reflected on the fact that the share of financial services in India’s market capitalisation has increased from ~6 per cent in FY01 to ~24 per cent … Read more
The labour ministry has deferred by three months the mandatory Aadhar verification for filing of monthly provident fund returns by employers. The move is aimed at ensuring statutory deposits are not held back because of this and comes as a breather to both employers and employees. “The date of implementation for filing ECR with Aadhaar … Read more
by Sumit Goswami Despite the central government’s intentions of increasing its healthcare spend, the second wave of Covid-19 could not save the lives of thousands of people. Worldwide reports and experts say that digitization, with the help of technologies like AI and ML, can save developing economies as India. What India hoped to achieveIn 2021, … Read more