The Chennai tax tribunal has highlighted that genuine deductions should not be denied solely due to technical errors in filings, reinforcing the principle that substance outweighs form when the entitlement is clear. A Chennai tax tribunal has sided with a…
The Reserve Bank of India introduces new rules from October 1 requiring banks to apply uniform interest rates across branches for retail deposits, aiming to improve transparency and liquidity management amid evolving funding strategies. The Reserve Bank of India will…
Domestic LPG consumers in India are required to complete Aadhaar-based e-KYC before August 16 to maintain access to subsidised cylinders, with officials citing transparency and diversion control as key priorities amidst falling fuel prices. Domestic LPG consumers in India are…
While demat accounts offer consolidated control, statement-of-account holdings are valued for their accessibility and transparency, especially during system outages, prompting investors to reconsider their preferred mode of mutual fund holding. For many investors, mutual fund units are safest when held…
Unity Small Finance Bank has increased its highest savings account rate to 7% for balances above ₹5 lakh, signalling intensified competition in deposit rates amid broader rate hikes and tiered slabs introduced in August 2026. Unity Small Finance Bank has…
India has introduced a sweeping tax overhaul intended to attract foreign investment in electronics and data centres, with extended tax exemptions and flexible regulatory frameworks signalling a strategic push towards self-sufficiency and global competitiveness in technology sectors. India’s latest tax…
India’s Parliament has approved a tax amendment bill that could introduce charges on certain UPI transactions, marking a shift from the free-of-charge model that has driven digital payments growth since 2020, amid mounting costs for infrastructure and security. India’s Parliament…
The General Insurance Council in India is developing a new panel to ease hospital-insurer conflicts over cashless claims and treatment protocols, as industry disputes intensify with soaring premiums and claim rejections. Health insurance disputes between hospitals and insurers are back…
Parents are advised to verify if a Child Trust Fund exists for their child before opening a Junior ISA, to avoid losing valuable tax benefits and unintended account closures, as many accounts remain forgotten from the early 2000s scheme. Parents…
The Life Code Compliance Committee outlines a strategic plan for 2026-27 focused on improving claims accuracy, transparency, and enforcement amid ongoing industry scrutiny and rising breaches in claims payments and communication. The Life Code Compliance Committee has set out an…
