The Income Tax Department’s technology-driven NUDGE campaign has led to 1.25 crore taxpayers voluntarily revising or updating their income tax returns over the past two financial years, resulting in an additional ₹9,494 crore in tax collections, according to the government. Replying to a question in the Lok Sabha on Monday, Minister of State for Finance…
Digital payments continue to shift how Americans pay for goods and services. Mobile wallets, contactless cards, peer-to-peer payment platforms, and real-time payment networks are becoming increasingly embedded in everyday commerce. As these technologies gain traction, some retailers have moved toward cashless operations, viewing digital payments as a more efficient way to conduct transactions. At the…
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Munish Viralam arrived at Newmark in June, fresh off an 18-year stint at CBRE. As executive vice chairman at Newmark, Viralam has been tasked with leading the firm’s newly centralized real estate strategy and consulting group, scaling up its strategic arm, and helping corporate tenants navigate the maze-like process of real estate strategy and negotiations….
The Life Insurance Corporation of India (LIC) policyholders and associated stakeholders often seek details on how their premiums are invested and managed, especially regarding equity market investments in listed businesses. Amid the ongoing debate surrounding the LIC’s Offer for Sale (OFS), Minister of State for Finance Pankaj Chaudhary, on Monday, 3 August, shared details about…
The Federal Accounting Standards Advisory Board released guidance Tuesday on implementing the disclosure requirements for public-private partnerships with the federal government. Processing Content Technical Release 24: Implementation Guidance for SFFAS 49, Public-Private Partnerships, aims to help entities report in accordance with Statement of Federal Financial Accounting Standards 49, Public-Private Partnerships: Disclosure Requirements, which was issued…
BigBear.ai: Execution Challenges Are Evident
The Financial Services Tribunal (FST), which issued its reasons for decision on June 25, heard evidence that between mid-2021 and April 2022, Asnafi submitted 30 mortgage applications to lender CMLS Financial through his authorising brokerage, Real Mortgage Associates Inc. Of the 24 applications examined by FSRA investigators, 18 were found to be supported by fraudulent…
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMAs (Daily Moving Averages) on August 4, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. Traders use the 200 DMA as a…
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