Financial Services

Financial Services news section.
Robot
19.Mar.24 9:54 AM

Indian National Congress Party Moves Delhi High Court Against Income Tax Department Order

The Indian National Congress (INC) Party has taken legal action by filing a plea in the Delhi High Court against the Income Tax Department's initiation of assessment proceedings for three years. The party's lawyer sought an urgent listing before the court to challenge the reassessment proceedings and the recovery of outstanding taxes amounting to over Rs 105 crore.
Robot
19.Mar.24 9:46 AM

Essential Considerations for Responsible Borrowing in a Challenging Financial Landscape

Rajesh, an IT professional, obtained a personal loan to cover his father's medical expenses, highlighting the importance of timely loan repayments to maintain a positive credit score. However, borrowers should carefully consider their repayment capabilities and explore alternative options with lower interest rates before opting for a personal loan.
Robot
19.Mar.24 9:33 AM

EACC Offers Amnesty to Public Officers with Fake Credentials

The Ethics and Anti-Corruption Commission (EACC) has offered amnesty to public officers who used fake credentials to secure employment, promising to drop their cases if they surrender their illegally earned salaries. The EACC is also withholding payments to individuals who have resigned or retired early after being implicated in the fake academic papers probe.
Robot
19.Mar.24 9:13 AM

County Governments Yet to Receive Half of Equitable Revenue Share, Facing Cash Crunch

Despite Article 202 of the Constitution mandating equitable revenue sharing between national and county governments, the Treasury has only released 53.4% of the allocated funds to counties, leading to a cash crunch at the devolved units. Additionally, delays in disbursements have raised concerns about the ability of county governments to provide essential services.
Robot
19.Mar.24 8:47 AM

Kenya's Economic Challenges and the Path to Sustained Growth

Kenya's economic growth has been hampered by challenges such as poverty, inequality, and external shocks. The government is implementing policy interventions to address these issues, but a review of critical factors inhibiting growth is necessary, including addressing the vulnerability of foreign direct investment flows and stabilizing the shilling.