The Bank of India and RBI have issued clarifications against a false notification falsely claiming that accounts will be blocked unless customers update Aadhaar and PAN-linked KYC details, urging users to rely solely on official communication channels. A fake notice…
Mahesh Kumar K emphasises that the true test for including international funds lies in long-term financial needs rather than recent performance, highlighting the importance of disciplined decision-making amid global market volatility. The question of whether an international fund belongs in…
A nuanced debate among Indian retail traders highlights the tax classification challenges of intraday trading income and its implications for presumptive taxation, risking inadvertent non-compliance. A tax-filing debate among Indian retail traders has turned on a narrow but important point:…
Assam announces the return of income tax for high-earning farmers while increasing exemption limits for small tea growers, aiming to balance revenue with sector support in its latest budget. Assam will restore agricultural income tax for larger earners while keeping…
Reserve Bank of India Governor Sanjay Malhotra highlights medium-term threats including geopolitical instability, trade friction, and cyber risks, while emphasising India’s strong financial position and the need for banks to prepare for AI-driven changes. Reserve Bank of India Governor Sanjay…
The Reserve Bank of India is intensifying efforts to expand the rupee’s international footprint through enhanced trade settlements, digital currency initiatives, and deeper collaborations with BRICS nations amidst geopolitical and cyber risks. Reserve Bank of India Governor Sanjay Malhotra said…
The introduction of India’s new Closing Auction Session (CAS) aims to enhance transparency but is currently disrupting trading patterns and increasing volatility, impacting brokers, investors, and market benchmarks. Bernstein said India’s index options market is likely to remain under pressure…
India and other BRICS nations are investigating interconnected digital payment systems and CBDCs to reduce the costs of international transactions, as part of broader efforts to establish independent trade infrastructure and promote the internationalisation of the Indian rupee ahead of…
Inflation in India impacts household expenses, business margins, and monetary policy, driven by demand, supply, and global factors, with recent shifts highlighting the need for nuanced economic management. Inflation is the steady rise in the general level of prices, and…
The Reserve Bank of India Governor Sanjay Malhotra signals steady interest rates as inflation stays within target range, while urging Indian banks to accelerate AI adoption cautiously amidst emerging risks. Reserve Bank of India Governor Sanjay Malhotra said inflation remains…
Proposed tax changes aim to enhance certainty for REIT and InvIT investors by confirming dividend exemption from the new corporate tax regime, though payouts will not be fully tax-free. The move could benefit high-income investors and optimise cash flows, but…
Lenders now prioritise income and credit history over headline loan requests, with rapid approvals contingent on quick verification of these factors amidst evolving borrowing landscapes. When urgent borrowing is on the table, lenders do not guess at how much to…
