Stay updated with the latest financial news in this week's "Weekly Economic Insights" with CS Soumya Jain! Discover how the comprehensive review of the Income Tax Act, bank credit and potential changes to deposit insurance could impact your personal finances.
In this week's episode of "Weekly Economic Insights," we cover essential updates that could influence your financial decisions. Learn how these developments and market trends are designed to enhance your financial well-being.
Don’t miss our 'Expert's Take' segment, where CA Arvind Rao, Founder at Arvind Rao & Associates, provides insights on the ongoing review of the Income Tax Act of 1961. Understand the key objectives of this review, including simplifying current tax laws, reducing litigation, and providing greater tax certainty.
This week's highlights include:
-Income Tax Act Review on Track to Meet Six-Month Deadline: Expert CA Arvind Rao discusses the significance of the ongoing review of the Income Tax Act and what it means for taxpayers and businesses.
-Banks' Borrowings Reach Record High: Explore the implications of banks' increased borrowing to bridge the gap between credit growth and deposit expansion.
-RBI Deputy Governor Suggests Higher Deposit Insurance: Discover the potential benefits of increasing the deposit insurance limit for bank accounts, especially for small depositors and seniors.
-Income Tax Department Warns Against Fake Refund Claims: Stay alert to the latest scam warnings from the Income Tax Department and learn how to protect your financial information.
-New Rules for Fixed Deposits in NBFCs: Get details on the upcoming changes to fixed deposit regulations with Non-Banking Financial Companies (NBFCs) that provide more flexibility for investors.
-Bank Credit Growth Outpaces Deposit Expansion: Understand the potential impact of this trend on loan availability and interest rates.
Whether you’re a seasoned investor or just starting to navigate the complexities of personal finance, these insights are critical for making informed decisions.
Timestamps:
00:00 -- Welcome to Weekly Economic Insights
00;22-- Income Tax Act Review on Track to Meet Six-Month Deadline
03;34-- Banks' Borrowings Reach Record High
04;25-- RBI Deputy Governor Suggests Higher Deposit Insurance
05;14-- Income Tax Department Warns Against Fake Refund Claims
06;10-- New Rules for Fixed Deposits in Non-Banking Financial Companies
07;01-- Bank Credit Growth Outpaces Deposit Expansion, Raising Concerns
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26 сен 2024
