The Supreme Court of India is advocating a pilot project to implement a ‘No Insurance, No Fuel’ scheme, aiming to curb widespread non-compliance with mandatory third-party motor insurance through technological solutions like e-challans. India’s Supreme Court is pushing the Centre…
The Reserve Bank of India’s latest framework for classifying non-banking financial companies influences Tata Sons’ potential IPO but internal trust disagreements and regulatory nuances mean a listing remains uncertain for now. The long-running question of whether Tata Sons should eventually…
The Bombay Stock Exchange has introduced a new end-of-day Closing Auction Session to enhance transparency and fairness in determining closing prices, impacting traders and investors with derivatives contracts and benchmark indices. BSE has told investors and trading members to get…
A recent Kolkata CESTAT ruling clarifies that accounting entries alone do not determine taxability, emphasising the importance of legal character over financial grouping in tax disputes, particularly for mixed-income streams. In a ruling that will interest tax teams, finance heads…
India is developing a detailed customs guidebook for its top 100 imports to standardise assessments, reduce delays, and reinforce its free trade agreements, potentially transforming its import landscape and trade efficiency. India is drawing up a detailed customs guidebook for…
As regional peers tighten their policies, the Reserve Bank of India maintains a cautious, data-driven approach, confident that current inflationary pressures are external and unlikely to prompt immediate rate hikes, signalling a divergence in Asia’s policy landscape. The Reserve Bank…
A new emphasis on system-wide safety and explainability, guided by NIST’s AI Risk Management Framework, is transforming responsible AI practices in banking, lending, and fraud detection, especially amidst the challenges of generative AI and rapid digital scaling. In financial services,…
Taxpayers in India face multiple filing deadlines this year depending on income source and audit requirements, with potential penalties for late submissions highlighting the importance of accurate timing during the current income tax season. India’s income-tax filing season is under…
IIFL Capital Services has partnered with Flytxt to deploy agentic AI technology aimed at delivering more personalised investment recommendations, potentially transforming client engagement and supporting asset under management growth in India’s competitive financial landscape. IIFL Capital Services has teamed up…
Recent reports suggesting new charges on UPI payments above Rs 2,000 have caused confusion. Fact-checks confirm that only merchant payments made through prepaid wallets above this threshold will incur a fee, leaving most consumer-to-consumer transactions unaffected. A report circulating online…
