A small group of large mutual fund distributors in India captured 77% of the ₹27,335 crore commissions in 2024-25, highlighting ongoing market concentration amid expanding but uneven investor outreach. India’s mutual fund distribution business generated ₹27,335 crore in commissions in…
The Gujarat High Court has declared that goods and services tax cannot be levied on corporate guarantees issued prior to October 26, 2023, providing relief to affected companies and sparking potential wider legal implications. The Gujarat High Court has ruled…
The Reserve Bank of India proposes a series of reforms to standardise loan pricing, enforce quicker rate adjustments, and improve transparency for borrowers, aiming for implementation from April 2027. The Reserve Bank of India is moving towards a more standardised…
With a vast ATM network remaining underutilised for services beyond cash withdrawals, Indian banks aim to transform their use cases amid shifting customer behaviour and rising digital payments. India’s banks are trying to squeeze more value from a network of…
India’s Insurance Regulatory and Development Authority (IRDAI) has introduced a centralised digital system to simplify and monitor insurance grievances, requiring policyholders to initially approach insurers before escalating issues, with enhanced transparency and tracking features. India’s Finance Ministry has reminded insurance…
The Reserve Bank of India has brought forward the deadline for its special foreign-currency deposit scheme, driven by faster-than-expected inflows, signalling a shift in foreign exchange management strategies. The Reserve Bank of India has brought forward the cut-off for its…
The CDSL Investor Protection Fund has released ‘The Garden of Prosperity’, a new animated film in 12 languages, aimed at simplifying investment concepts for Indian investors and encouraging responsible financial planning nationwide. CDSL Investor Protection Fund has expanded its investor…
India has enacted new Foreign Contribution (Regulation) Amendment Rules to tighten oversight of foreign-funded non-governmental organisations, with a pending bill proposing enhanced control measures including a new authority to manage NGO assets and expanded compliance requirements. India has tightened the…
Life insurance provides vital financial security for loved ones, but it requires careful consideration and regular reviews to ensure it remains adequate amidst life changes and inflationary pressures. Life insurance can be a practical way to protect a household’s finances…
Taxpayers must complete e-verification within 30 days of filing to ensure their income tax returns are processed, refunds are issued, and future reviews are avoided, explains CA Pramod Prabhudesai. Filing an income tax return is not the same as finishing…
India’s securities regulator is contemplating modifications to its recently introduced closing auction system after industry feedback and early signs of market strain, just months after its rollout aimed at improving price discovery and market integrity. India’s markets regulator is weighing…
The Employees’ Provident Fund Organisation will host a live session on August 18 to directly address members’ questions on pension claims, benefits, and unclaimed funds, amid ongoing efforts to streamline digital services and clarify complex rules. The Employees’ Provident Fund…
