« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Budget no boost, say CAs... Service tax on rent a concern... » KPMG to advise govt on revamp of postal dept March, 05th 2007 The Central government has appointed KPMG as consultants for revamping activities of the Department of Posts, a senior official said here today.    The government is awaiting a report from KPMG. However, one of the recommendations of KPMG is to set up Post Office Banks similar on the lines of Japan, which has been successful, the official said.    But the only hitch, the huge investment needed for starting a bank and a nod from the ministry of finance.    Postal banking has deposits of a whopping Rs 3 lakh crore and the Maharashtra circle has Rs 37,500 crore, the official said.    The amount is given to the Auditor General every month. And then the Central government lends to the state governments at 9 per cent interest for their monthly expenses, she said.    But with falling interest rates, the state governments tend to go for loans from banks than from the Central government, the official said.    The opening up of mutual funds and higher rate of returns from banks has started to affect the post office savings schemes, the official said.    People are withdrawing from our Kisan Vikas Patra and National Savings Certificate because they find the returns from mutual funds and banks attractive than ours, the official said.