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FTC allows individual taxpayers to claim a credit in India for taxes paid in a foreign jurisdiction on the same income. (AI image) With the rise in global workforce mobility, an increasing number of Indian professionals are earning income across multiple jurisdictions. Employees of multinational companies undertaking overseas assignments, or cross-border roles receive regular salaries…
MUMBAI: With credit growth at 14.5% outpacing deposit growth at 11.9% as of Feb 28, banks have stepped up reliance on certificates of deposit, with their share rising to 2.6% of total deposits, the highest in a decade, reflecting a widening structural gap between asset creation and liability mobilisation.The Indian banking system is navigating a…
Shreyas Iyer after winning the Indian Premier League (IPL) 2024 final against Sunrisers Hyderabad at MA Chidambaram Stadium, in Chennai. KKR won by 8 wickets. (PTI Photo) Shreyas Iyer is the only Indian captain to reach the final of the Indian Premier League (IPL) with three different teams — Delhi Capitals (DC) in 2020, Kolkata…
Fans are abuzz with excitement over ‘Dhurandhar: The Revenge,’ and an intriguing viral image hints at the possibility of ‘Dhurandhar 3’ being in the works for June 2026. Yet, the creators have not officially commented on this speculation, with insiders suggesting the storyline is intended as a thrilling two-part saga. Read the article to know…
The government has approved a limited-period Rs 20,000-crore credit guarantee scheme aimed at easing fund flow constraints faced by microfinance institutions (MFIs), according to a PTI report.The Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) will cover loans disbursed by member lending institutions (MLIs), including banks and other lenders, to non-banking finance company-MFIs and MFIs till…
ISLAMABAD: The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years, according to a media report on Thursday. The Manila-based bank said the facility was part of its 2026-30 Country Partnership Strategy (CPS2026-30) launched on Wednesday.According to a report in the Dawn newspaper, the…
MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
NEW DELHI: Make sure that you have a good credit score, if you are an aspirant for a job in a bank.Govt on Tuesday told Parliament that banks are increasingly looking at the credit score “to encourage responsible credit behaviour among employees who are entrusted with public funds”.In fact, responding to a question in the…
South cinema saw major updates today. Trisha Krishnan sidestepped questions about Vijay. A dispute over Enjoy Enjaami song credits between Arivu and Santhosh Narayanan reignited. Hansika Motwani shared her first post after her divorce. Rajendra Prasad apologized for his MGR remarks. Unseen pre-wedding photos of Vijay Deverakonda and Rashmika Mandanna also surfaced. Today, South cinema…
Post the success of ‘Dhurandhar’, Aditya Dhar has been getting a lot of love. His previous release ‘Uri: The Surgical Strike’ also did well at the box office, but his journey in the film industry was far from easy. Before finding success as a director, Dhar spent years struggling and even faced disappointments early in…
