Payments applications across India are warning that the recent ban on platform fees, coupled with new transaction charges, could push them into financial losses on utility bill payments amid a shift in the country’s digital payment landscape. Payments apps in…
The Reserve Bank of India has introduced new regulations that place greater emphasis on the automation of debt collection systems, marking a significant shift in oversight and compliance for digital lenders and recovery agencies. India’s debt-collection machinery has become as…
The Indian government has approved a significant hike in the EPFO wage ceiling to ₹25,000 per month, aiming to broaden social security for millions of workers, despite increased costs for the government and potential impacts on workers’ take-home pay. The…
Recent revisions to the National Pension System’s exit and annuity regulations are reshaping how savers calculate their retirement corpus and pension, emphasising flexibility over guaranteed income. The National Pension System calculator can be a useful guide, but only if its…
Borrowers should prioritise total repayment amounts, loan terms, and contractual details over promotional offers and nominal interest rates when selecting between bank loans and microfinance options, new guidance suggests. When comparing a bank loan with a microloan, the advertising banner…
Recent tax changes have narrowed the advantage of fixed deposits over debt mutual funds, shifting the focus to risk, liquidity, and investor preferences in choosing where to park ₹10 lakh. For savers weighing where to park ₹10 lakh, the decision…
South Korea’s financial authorities reopen applications for the Youth Tomorrow Savings plan, offering improved matching contributions and greater flexibility for young savers to switch from existing accounts amidst strengthened verification measures. South Korea’s financial authorities will open a second round…
An Indian who moved to the US for work successfully challenged an ₹8.29 lakh penalty, with the Jaipur tribunal recognising his late filing as an inadvertent lapse due to relocation stress and limited understanding of tax rules. An Indian taxpayer…
India’s Finance Ministry assures that new rules under the Unified Payments Interface will not introduce charges for most users, focusing instead on ensuring the system’s sustainability without burdening small transactions or individuals. India’s Finance Ministry has moved to calm fears…
The Indian government has officially implemented rules ensuring no charges on UPI transactions up to ₹2,000 and RuPay debit card payments, aiming to foster continued growth in the country’s rapidly expanding digital payments landscape while addressing funding concerns. India has…
India’s securities regulator has unveiled a comprehensive IT Resilience Index and strengthened disaster-recovery requirements for market infrastructure institutions to prevent operational failures and enhance market confidence. India’s markets regulator has sharpened its focus on technology risk, unveiling a set of…
India’s central bank introduces strict guidelines requiring banks to return original property deeds within 30 days of loan repayment, with penalties for delays, aiming to enhance borrower rights and accountability. India’s central bank has tightened the rules on what happens…
