The Securities and Exchange Board of India (SEBI) has mandated mutual funds to disclose the Information Ratio (IR) as a new metric for evaluating the risk-adjusted returns (RAR) of equity-oriented schemes. Disclosure of IR, a financial metric used to measure the Risk-adjusted Return (RAR) of a scheme portfolio, will only be applicable to equity-oriented schemes. … Read more
The Employees’ Provident Fund Organisation (EPFO) has introduced reforms to streamline the process of online transfer claims in certain cases. The implementation of this change is anticipated to streamline the PF transfer process, minimizing delays and enhancing efficiency. By utilising Aadhaar and maintaining consistent member information, EPFO is striving to offer a seamless transition for … Read more
Black Money and Income tax return: The CBDT has launched a Compliance-Cum-Awareness Campaign for Assessment Year 2024-25 to support taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their Income Tax Returns (ITR). Compliance with Schedule FA and FSI is compulsory under the Black Money (Undisclosed … Read more
The Reserve Bank of India (RBI) has directed all banks and regulated entities that it cannot levy additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). It said that from October 1, 2024, banks will be bound by the terms of the loan indicated in the Key Fact Statement … Read more
The Reserve Bank of India (RBI) is planning to set up a public register of white-listed lending apps to curb the menace of illegal lending apps in the country. As part of the new step, the central bank is looking to create an agency, Digital India Trust Agency (DIGITA), that will enable verification of digital … Read more
An outspoken member in India’s rate-setting body has criticized the central bank for being non-transparent about its policy intent and confusing the public with technicalities. “The monetary policy committee should not be content with communicating to an ‘inside’ audience of regulated entities in a coded language, but should endeavor to communicate with the general public … Read more
New Delhi: Doceree has launched opti-channel marketing in an attempt to accelerate adoption of digital mediums and to ease the process for the pharmaceutical companies to reach out to physicians via different communication means such as Emails, messages and other communication platforms. Moving out from single-channel communication to opti-channel communication opti-channel marketing will expand the … Read more
“If I’m an employer, I’ll look at three hospitals in my area and say, ‘I’ll pay the price for the lowest one. If you want to go to one of the other two, you can pay the difference,’” said Anderson. Will Price Transparency Reduce Overall Health Spending? Revealing actual negotiated prices, as … Read more
NEW DELHI: The government on Friday released the backend code of Aarogya Setu in the open domain that will help people understand the functioning of the COVID-19 contact-tracing app and allay apprehensions they may have around privacy and security. The source code of the Android and iOS versions of the Aarogya Setu app was released … Read more