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DELINQUENCY PENALTY
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
Delinquency vs default: Know the difference and how they affect your credit score and borrowing abilityIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
Lost job for misconduct? PSU bank employees may still be eligible for pension; check Bipartite Settlement and eligibility rulesPublic sector bank employees dismissed for misconduct can still receive their pension. This is due to Bipartite Settlement rules that allow...
2026 Tax Day deadline April 15: 5 IRS mistakes that can delay your refundTax filing mistakes can slow refunds and create problems for taxpayers. Experts warn people to check details like ID numbers, math, and ban...
IRS alerts taxpayers to $525 fines with interest if you miss this key 60-day ruleThe IRS has warned taxpayers about a strict 60-day rule for filing taxes. People who file very late may face a minimum $525 penalty plus in...
Panel recommends govt, its agencies may be exempt from proposed data protection lawAs per the report, the panel has maintained the contentious Clause 35 of the proposed act which empowers central government and its law enf...
Over 6,000 officers of PSBs held responsible for bad loans in FY18: Arun JaitleyIn written reply, Finance Minister Arun Jaitley said that minor and major penalties have been imposed against erring officials. These inclu...
Indiscipline in armed forces to be viewed seriously: SCPast conduct of a delinquent employee can be taken into consideration while imposing a penalty on him, SC said.
Some relief: No late fees on credit card dues for a monthRBI has told banks that they can charge late fees only in the next billing cycle following a missed payment.
Offshore Voluntary Disclosure Program to aid NRIs with undisclosed assetsUnder the US Foreign Account Tax Compliance Act it is expected that Indian banks will soon begin disclosing the names of American clients.
Conduct day-do-day hearing in disciplinary cases: Government to departmentsThe move comes after the Ministry of Personnel accepted some of the recommendations of Committee of Experts on Disciplinary and Vigilance I...
NRIs missed to file Form 5471? Here's what you can doThe form is triggered if you are a US taxpayer with shareholding or interest in a foreign corporation exceeding certain prescribed limits.
Women lawyers can now appeal against harassment in courtSC’s 1997 Vishakha Ruling made it a must for all establishments to create panels to deal with any allegations of sexual harassment at the w...
- Coalnet scam: CVC recommends penal action against 3 IIT professors
The CVC has recommended penal action against three professors of IIT, including director of IIT-Patna for their alleged involvement in 'coa...
Should the benefits mitigate the costs: PSL overhaul due?All banks are subject to a quota for lending to particular sectors, considered a high priority for helping the underprivileged and the cred...
2 recent IRS developments that will impact Indian AmericansTwo developments have again shifted the spotlight on this issue. We try and understand the impact on Indian Americans.
IRS reopens Offshore Voluntary Disclosure Program: Should Indian Americans apply?The offshore voluntary disclosure program (OVDP) offers a lower rate of penalty for defaulters who come forward and make voluntary disclosu...
- Nominal penalties won't deter insider trading: NK Sodhi, outgoing head of Securities Appellate Tribunal
The punishment for insider trading violation should be strong enough to act as a deterrent, says outgoing head of Securities Tribunal NK So...
- Fed adopts plan to curb shady mortgage practices
Lenders worry the new rules are too tough, could limit mortgage options.