How much cash can be deposited in a savings account in a year?
Under current regulations, banks are required to report total cash deposits exceeding ₹10 lakh in a savings account during a financial year to the Income Tax Department. The limit applies to deposits made either in one go or through multiple transactions. If the limit is exceeded, the depositor needs to disclose the source of the funds while filing their ITR.
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News By: Pravel Jain
11:41 am Saturday, 15 August 2026
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Under current regulations, banks are required to report total cash deposits exceeding ₹10 lakh in a savings account during a financial year to the Income Tax Department. The limit applies to deposits made either in one go or through multiple transactions. If the limit is exceeded, the depositor needs to disclose the source of the funds while filing their ITR.
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News By: Pravel Jain
11:41 am Saturday, 15 August 2026
Sent on @inshortschannel Telegram
What would ₹1,000 invested in gold in 1947 be worth today?
Gold cost around ₹88.62 per 10 grams in India in 1947, meaning ₹1,000 could have bought about 112.84 grams. At the Indian Bullion and Jewellers Association's August 14, 2026 indicative rate of ₹15,236 per gram for 999-purity gold, that quantity would be worth roughly ₹17.19 lakh today. The calculation excludes taxes, making charges and other transaction costs on physical gold.
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News By: Anmol Sharma
09:21 am Saturday, 15 August 2026
Sent on @inshortschannel Telegram
Gold cost around ₹88.62 per 10 grams in India in 1947, meaning ₹1,000 could have bought about 112.84 grams. At the Indian Bullion and Jewellers Association's August 14, 2026 indicative rate of ₹15,236 per gram for 999-purity gold, that quantity would be worth roughly ₹17.19 lakh today. The calculation excludes taxes, making charges and other transaction costs on physical gold.
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News By: Anmol Sharma
09:21 am Saturday, 15 August 2026
Sent on @inshortschannel Telegram
India beat Wales 3-1 in Hockey World Cup opener, Harmanpreet scores twice
India opened their Men's Hockey World Cup 2026 campaign with a 3-1 win over Wales on Saturday. Captain Harmanpreet Singh scored twice from penalty corners as India secured victory in their Pool D match. Wales pulled one back through Sam Welsh in the fourth quarter. India, chasing first World Cup title since 1975, will next face England on August 17.
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News By: Anmol Sharma
07:10 pm Saturday, 15 August 2026
Sent on @inshortschannel Telegram
India opened their Men's Hockey World Cup 2026 campaign with a 3-1 win over Wales on Saturday. Captain Harmanpreet Singh scored twice from penalty corners as India secured victory in their Pool D match. Wales pulled one back through Sam Welsh in the fourth quarter. India, chasing first World Cup title since 1975, will next face England on August 17.
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News By: Anmol Sharma
07:10 pm Saturday, 15 August 2026
Sent on @inshortschannel Telegram
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What were the key moments in India’s economic journey after 1947?
At independence in 1947, India had a largely agrarian economy and a weak industrial base. First two Five-Year Plans focused on agriculture, irrigation and industrialisation. In 1960s and 1970s, banking and insurance came under state control, while Green Revolution transformed agriculture. The 1991 reforms ended the Licence Raj and opened India to the world. In 2017, GST unified indirect taxes.
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News By: Aradhana
05:19 pm Saturday, 15 August 2026
Sent on @inshortschannel Telegram
At independence in 1947, India had a largely agrarian economy and a weak industrial base. First two Five-Year Plans focused on agriculture, irrigation and industrialisation. In 1960s and 1970s, banking and insurance came under state control, while Green Revolution transformed agriculture. The 1991 reforms ended the Licence Raj and opened India to the world. In 2017, GST unified indirect taxes.
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News By: Aradhana
05:19 pm Saturday, 15 August 2026
Sent on @inshortschannel Telegram
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What can a loan defaulter do if a recovery agent harasses them?
Loan default does not cancel a lender's right to recover dues, but recovery must comply with the law. Borrowers facing harassment should preserve evidences, industry expert Anshi Shrivastava said. Complaints should first be raised with the lender's grievance-redress mechanism and, if unresolved, escalated through RBI's complaint mechanism. Serious threats or violence should be reported to police.
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News By: Vaishnavi Mishra
04:46 pm Saturday, 15 August 2026
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Loan default does not cancel a lender's right to recover dues, but recovery must comply with the law. Borrowers facing harassment should preserve evidences, industry expert Anshi Shrivastava said. Complaints should first be raised with the lender's grievance-redress mechanism and, if unresolved, escalated through RBI's complaint mechanism. Serious threats or violence should be reported to police.
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News By: Vaishnavi Mishra
04:46 pm Saturday, 15 August 2026
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15 Nifty 500 stocks 2x investors' money since last Independence Day
Fifteen Nifty 500 stocks have jumped over 100%, while 50 index stocks have risen over 50% since the last Independence Day, Livemint reported. Among the gainers, Ather Energy, Aditya Infotech and HFCL have surged over 200% each during the period. Acutaas Chemical, Vodafone Idea, Hindustan Copper, Laurus Labs, CPCL, Adani Energy Solutions and National Aluminium Company are up over 100%.
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News By: Vaishnavi Mishra
04:32 pm Saturday, 15 August 2026
Sent on @inshortschannel Telegram
Fifteen Nifty 500 stocks have jumped over 100%, while 50 index stocks have risen over 50% since the last Independence Day, Livemint reported. Among the gainers, Ather Energy, Aditya Infotech and HFCL have surged over 200% each during the period. Acutaas Chemical, Vodafone Idea, Hindustan Copper, Laurus Labs, CPCL, Adani Energy Solutions and National Aluminium Company are up over 100%.
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News By: Vaishnavi Mishra
04:32 pm Saturday, 15 August 2026
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Govt opens one-time window until Dec 31 to declare foreign assets up to ₹5 crore
Government has opened a one-time window until December 31 to declare foreign assets. Upon disclosure, people with up to ₹5 crore of foreign income/assets will have to pay ₹1 lakh fee. People with up to ₹1 crore foreign income/assets need to pay 30% of assets' fair market value or 30% of undisclosed income as tax and 30% as additional tax.
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News By: Jayant Singh
02:46 pm Saturday, 15 August 2026
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Government has opened a one-time window until December 31 to declare foreign assets. Upon disclosure, people with up to ₹5 crore of foreign income/assets will have to pay ₹1 lakh fee. People with up to ₹1 crore foreign income/assets need to pay 30% of assets' fair market value or 30% of undisclosed income as tax and 30% as additional tax.
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News By: Jayant Singh
02:46 pm Saturday, 15 August 2026
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Bar Council of India chief apologises after halting enrolment of NALSAR 2026 graduates
Bar Council of India chief Manan Kumar Mishra apologised after halting enrolment of NALSAR 2026 graduates as advocates. "If...any of my words, or letter, has hurt the feelings of our law students, I sincerely regret and apologise for the same...Our law students...are among the most informed and discerning young citizens of the country," he wrote.
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News By: Ankush Verma
09:28 pm Saturday, 15 August 2026
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Bar Council of India chief Manan Kumar Mishra apologised after halting enrolment of NALSAR 2026 graduates as advocates. "If...any of my words, or letter, has hurt the feelings of our law students, I sincerely regret and apologise for the same...Our law students...are among the most informed and discerning young citizens of the country," he wrote.
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News By: Ankush Verma
09:28 pm Saturday, 15 August 2026
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In a first, AI boss running a store in US fires human employee
An AI manager running an experimental store in US has fired a human employee for repeated lateness, as the worker was late for 17 of 23 shifts. Luna, running on Claude Opus 4.8, had created attendance policy but lost track of it. Andon Labs, which is running the experiment, asked it to review its memory and assess employee's performance.
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News By: Ankit Tiwari
07:00 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
An AI manager running an experimental store in US has fired a human employee for repeated lateness, as the worker was late for 17 of 23 shifts. Luna, running on Claude Opus 4.8, had created attendance policy but lost track of it. Andon Labs, which is running the experiment, asked it to review its memory and assess employee's performance.
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News By: Ankit Tiwari
07:00 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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Ex-Bengal Assembly Deputy Speaker Asish Banerjee found dead at TMC office
Asish Banerjee, the former Deputy Speaker of the West Bengal Legislative Assembly, was found dead at the TMC office in Rampurhat city of Birbhum district on Sunday, police said. His body was recovered hanging inside the party office adjacent to his residence. The five-time TMC MLA Asish served as deputy speaker when the party's supremo Mamata Banerjee was the CM.
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News By: Dharini Mudgal
09:00 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Asish Banerjee, the former Deputy Speaker of the West Bengal Legislative Assembly, was found dead at the TMC office in Rampurhat city of Birbhum district on Sunday, police said. His body was recovered hanging inside the party office adjacent to his residence. The five-time TMC MLA Asish served as deputy speaker when the party's supremo Mamata Banerjee was the CM.
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News By: Dharini Mudgal
09:00 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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Beco calls for greater transparency in household cleaner ingredients
Beco has launched a campaign to spark a nationwide conversation around ingredient transparency in household cleaning products. The initiative encourages consumers to look beyond marketing claims and question what goes into everyday cleaners. It urges you to ask why certain chemicals are used and whether safer alternatives exist, and to make more informed choices for your families and the planet.
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News By: Roshan Gupta
10:18 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Beco has launched a campaign to spark a nationwide conversation around ingredient transparency in household cleaning products. The initiative encourages consumers to look beyond marketing claims and question what goes into everyday cleaners. It urges you to ask why certain chemicals are used and whether safer alternatives exist, and to make more informed choices for your families and the planet.
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News By: Roshan Gupta
10:18 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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Australia lose to Bangladesh at home for 1st time in history
Bangladesh defeated Australia by nine wickets in the first Test in Darwin on Sunday. It is Australia's first defeat against Bangladesh on home soil across formats. It is also Bangladesh's second Test victory against Australia overall. Bangladesh have become the third Asian team after India and Pakistan to win a Test against Australia in Australia.
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News By: Anmol Sharma
10:39 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Bangladesh defeated Australia by nine wickets in the first Test in Darwin on Sunday. It is Australia's first defeat against Bangladesh on home soil across formats. It is also Bangladesh's second Test victory against Australia overall. Bangladesh have become the third Asian team after India and Pakistan to win a Test against Australia in Australia.
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News By: Anmol Sharma
10:39 am Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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Who can declare undisclosed foreign assets under new govt scheme?
Under the new Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), an eligible assessee includes Indian residents, non-residents, and resident but not ordinarily resident (RNOR) individuals. To qualify, the taxpayer must have resided in India either during the year the undisclosed income was earned or when the foreign asset was originally acquired.
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News By: Mansi Agarwal
01:07 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Under the new Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), an eligible assessee includes Indian residents, non-residents, and resident but not ordinarily resident (RNOR) individuals. To qualify, the taxpayer must have resided in India either during the year the undisclosed income was earned or when the foreign asset was originally acquired.
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News By: Mansi Agarwal
01:07 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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19 months of foreign investor selling Indian equities wipes out 100 months of inflows
Sustained selling by foreign institutional investors (FIIs) over 19 months has erased the net inflow accumulated over the preceding 100 months, CNBC-TV18 reported, citing NSDL data. FIIs invested about $45.9 billion in Indian equities between September 2016 and December 2024, while withdrawing nearly $46 billion between January 2025 and July 2026. August, however, has seen a reversal in the trend.
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News By: Mansi Agarwal
01:44 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Sustained selling by foreign institutional investors (FIIs) over 19 months has erased the net inflow accumulated over the preceding 100 months, CNBC-TV18 reported, citing NSDL data. FIIs invested about $45.9 billion in Indian equities between September 2016 and December 2024, while withdrawing nearly $46 billion between January 2025 and July 2026. August, however, has seen a reversal in the trend.
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News By: Mansi Agarwal
01:44 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
NTA releases UGC-NET provisional answer key
The National Testing Agency (NTA) has released the UGC-NET June 2026 provisional answer key. NTA has uploaded the answer keys and invited challenges for 84 subjects. However, the provisional answer keys for English, Commerce and Sociology will be issued separately. Candidates can check their recorded responses and question papers online through the official UGC NET website.
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News By: Dharini Mudgal
01:48 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
The National Testing Agency (NTA) has released the UGC-NET June 2026 provisional answer key. NTA has uploaded the answer keys and invited challenges for 84 subjects. However, the provisional answer keys for English, Commerce and Sociology will be issued separately. Candidates can check their recorded responses and question papers online through the official UGC NET website.
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News By: Dharini Mudgal
01:48 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
What is 'infladating' trend?
"Infladating", a blend of inflation and dating, refers to singles cutting back on spending on dates amid rising living costs. Experts said Gen Z and millennials are going on fewer dates and opting for low-cost experiences, such as walks and home-cooked meals. The average US date now costs $189 (₹18,000), up 12.5% from last year, according to the BMO index.
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News By: Mansi Agarwal
02:05 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
"Infladating", a blend of inflation and dating, refers to singles cutting back on spending on dates amid rising living costs. Experts said Gen Z and millennials are going on fewer dates and opting for low-cost experiences, such as walks and home-cooked meals. The average US date now costs $189 (₹18,000), up 12.5% from last year, according to the BMO index.
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News By: Mansi Agarwal
02:05 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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Beco calls for greater transparency in household cleaner ingredients
Beco has launched a campaign to spark a nationwide conversation around ingredient transparency in household cleaning products. The initiative encourages consumers to look beyond marketing claims and question what goes into everyday cleaners. It urges you to ask why certain chemicals are used and whether safer alternatives exist, and to make more informed choices for your families and the planet.
Read More
News By: Roshan Gupta
02:26 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Beco has launched a campaign to spark a nationwide conversation around ingredient transparency in household cleaning products. The initiative encourages consumers to look beyond marketing claims and question what goes into everyday cleaners. It urges you to ask why certain chemicals are used and whether safer alternatives exist, and to make more informed choices for your families and the planet.
Read More
News By: Roshan Gupta
02:26 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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6 IPOs to hit market this week to raise nearly ₹5,600 crore
Six companies are set to launch IPOs this week, collectively seeking nearly ₹5,600 crore from investors. Horizon Industrial Parks and Lalithaa Jewellery Mart will open their issues on August 17, targeting ₹2,600 crore and ₹1,700 crore, respectively. Shankesh Jewellers, Sunshine Pictures, Gaja Alternative Asset Management and Tempsens Instruments will follow with their offerings through August 20.
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News By: Jessica Rajan
02:50 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Six companies are set to launch IPOs this week, collectively seeking nearly ₹5,600 crore from investors. Horizon Industrial Parks and Lalithaa Jewellery Mart will open their issues on August 17, targeting ₹2,600 crore and ₹1,700 crore, respectively. Shankesh Jewellers, Sunshine Pictures, Gaja Alternative Asset Management and Tempsens Instruments will follow with their offerings through August 20.
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News By: Jessica Rajan
02:50 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
How much can investors earn from FD of ₹50 lakh, ₹75 lakh, ₹1 crore or ₹2 crore?
Large fixed deposits between ₹50 lakh and ₹2 crore can provide stable annual income, with returns depending on prevailing bank interest rates (6% to 8%). According to Paisabazaar data, a ₹50 lakh FD at 7% yields ₹3.50 lakh annually, whereas a ₹2 crore FD at 8% generates ₹16 lakh annually before taxes. Final post-tax earnings depend on individual tax slabs.
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News By: Mansi Agarwal
05:10 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
Large fixed deposits between ₹50 lakh and ₹2 crore can provide stable annual income, with returns depending on prevailing bank interest rates (6% to 8%). According to Paisabazaar data, a ₹50 lakh FD at 7% yields ₹3.50 lakh annually, whereas a ₹2 crore FD at 8% generates ₹16 lakh annually before taxes. Final post-tax earnings depend on individual tax slabs.
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News By: Mansi Agarwal
05:10 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
NTA to re-conduct 3 UGC-NET exams after multiple errors in papers
NTA has decided to re-conduct the English, Commerce, and Sociology papers of UGC-NET June 2026 after receiving several complaints about errors in the question papers. The re-exams will be held on September 9 for English and Commerce, followed by Sociology on September 10. Defects of this extent cannot be cured merely by dropping questions after the challenge process, NTA said.
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News By: Ankit Tiwari
09:31 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
NTA has decided to re-conduct the English, Commerce, and Sociology papers of UGC-NET June 2026 after receiving several complaints about errors in the question papers. The re-exams will be held on September 9 for English and Commerce, followed by Sociology on September 10. Defects of this extent cannot be cured merely by dropping questions after the challenge process, NTA said.
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News By: Ankit Tiwari
09:31 pm Sunday, 16 August 2026
Sent on @inshortschannel Telegram
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