The government is not considering a proposal to increase the FDI limit for PSU banks, MoS Finance Pankaj Chaudhary said in the Parliament on Tuesday. The government’s number of shares in India’s 12 public sector banks has not declined since 2020, but the percentage stake may have reduced due to fundraising moves, MoS Finance Pankaj […]
Mumbai-based Rahul Saraf purchased a home in March 2024 with a home loan of ₹50 lakh and he is living in it. The total pre-construction interest paid was ₹5 lakh. According to Section 24(b), Rahul must claim it in five equal installments of ₹1 lakh each over five years, starting from possession. In the first […]
India is planning to raise the FDI limit in public sector banks to up to 49% amid a flurry of M&A deals in the private corner of India’s financial services industry, Reuters reported on Monday citing sources. The finance ministry has been for the past couple of months discussing with the RBI the matter of […]
