Savings under Russia’s long-term savings programme are not automatically included in estates, requiring careful legal claims after death, with strict deadlines for beneficiaries to act. Savings held under Russia’s long-term savings programme are not folded into an estate automatically, meaning…
The introduction of a 0.4% merchant discount rate for qualifying UPI merchant payments could impact rupee deposits at forex brokers and crypto exchanges, with effects hinging on transaction classification and platform structuring. India’s new Unified Payments Interface merchant fee framework…
The Insurance Regulatory and Development Authority of India has unveiled a comprehensive plan to reduce operating expenses, overhaul commission structures, and enhance transparency in insurance practices, signalling a major shift in industry regulation. The Insurance Regulatory and Development Authority of…
Sebi evaluates measures to balance derivatives trading, including easing margins on long-term contracts, amid ongoing efforts to deepen India’s capital markets and curb short-term speculation. India’s markets regulator is weighing changes to the derivatives segment aimed at making it more…
The Central Board of Direct Taxes has announced a streamlined process for resident buyers and Hindu undivided families purchasing property from non-residents, removing the need for a TAN and introducing a PAN-based reporting system from October 2026. The Central Board…
Justice P S Dinesh Kumar urges Indian merchant bankers to maintain strict professional boundaries, highlighting their crucial role in safeguarding investor trust and market stability amid ongoing regulatory responsibilities. Justice P S Dinesh Kumar, the presiding officer of India’s Securities…
The Bombay High Court has annulled a ₹79.7 crore GST demand against Karan Johar’s firms, ruling that cinematographic films do not qualify as information technology software, setting a significant precedent in tax classification disputes. The Bombay High Court has struck…
The Reserve Bank of India has introduced regulations to ensure transparency and fairness in minimum balance charges, with some banks like SBI already removing penalties to simplify account maintenance for customers. For millions of savings account holders in India, the…
The National Payments Corporation of India has reassured small businesses that recent changes to UPI merchant fee regulations will not increase costs or impose additional burdens on low-turnover traders, amid concerns over GST implications. The National Payments Corporation of India…
India’s Employees’ Provident Fund Organisation is increasing its wage ceiling and modernising its digital systems to bolster retirement funds. While workers face reduced monthly paychecks now, the overhaul aims to deliver faster claims and a larger pension pool in the…
The Reserve Bank of India is testing Bluetooth and NFC to enable offline transactions for its digital rupee, promising increased resilience in low-connectivity areas. India’s central bank is pushing the digital rupee towards a world where payments can still be…
WazirX has revised its guidance on crypto tax deductions for the 2025-26 financial year, highlighting the new 1% TDS requirement on eligible digital asset transfers under Section 194S, impacting traders and investors in India. WazirX has updated its guidance on…
