Seafarers looking to invest in mutual funds are advised to stick to recognised online platforms and avoid sharing sensitive information over insecure messaging apps, with guidance highlighting the importance of security and choosing suitable plans for remote management. For seafarers…
A Delhi tax tribunal has clarified that cash deposits into a property dealer’s account, made on behalf of buyers, are not considered taxable income, highlighting the importance of evidence and proper documentation in property-related financial transactions. A Delhi tax tribunal…
Axis Bank will increase its Dynamic Currency Conversion markup on credit cards to 3.5% and introduce new fee structures and reward restrictions, signalling a sector-wide recalibration of card costs affecting frequent travellers and online shoppers. Axis Bank is set to…
The Reserve Bank of India has cut short the deadline for its FCNR(B) swap facility to August 31, 2026, ahead of expectations, amid heavy utilisation and concerns over liquidity and funding costs among banks. The Reserve Bank of India has…
As markets fluctuate, experts advocate blending equity investments with annuities to secure a reliable income stream for retirees, marking a evolution in retirement finance. Many people building retirement wealth lean heavily on equity and mutual funds for long-term growth, but…
The Reserve Bank of India has unveiled draft proposals to overhaul floating-rate loan pricing, aiming to increase transparency, limit lender discretion, and give borrowers a clear pathway to adopt the new framework by 2029. India’s central bank has proposed a…
India’s parliament has enacted a new banking evidence law, modernising legal procedures to include digital, virtual, and cloud-based bank records, while expanding police powers to access account information directly, raising privacy concerns amid wider regulatory changes. India’s Parliament has passed…
India’s markets regulator warns investors to be wary of live trading tips on social media, amid rising scams and unregistered influencers offering misleading advice and triggering regulatory crackdowns. India’s markets regulator has warned investors to be wary of real-time trading…
Taxpayers can now monitor their income tax refunds in real-time through official online portals, making the process more transparent and reducing reliance on office visits or guesswork. Taxpayers waiting for an income tax refund can now track it online rather…
India’s evolving data localisation rules require non-BFSI organisations to adopt a granular compliance framework, focusing on specific datasets like Aadhaar and cyber-security logs, rather than a blanket localisation mandate. India’s data-localisation rules are often treated as an all-or-nothing proposition, but…
Many argue that disciplined financial behaviour, rather than income size, is key to building savings on a modest salary. Simple strategies like cutting subscriptions, controlling expenses and automating retirement contributions can make a significant difference. A modest pay packet does…
Participating life insurance plans, or ‘par’ policies, allow policyholders to share in an insurer’s profits through bonuses, but the variability depends on the insurer’s financial performance and market conditions, offering potential for higher long-term gains. Participating life insurance plans, often…
