Many taxpayers experience delays in receiving income tax refunds, particularly with larger claims, due to enhanced scrutiny by tax authorities and common filing discrepancies, with processing times extending to several months. Many taxpayers are still waiting for income tax refunds…
Central Depository Services (India) Ltd’s Investor Protection Fund partners with Amar Chitra Katha to create a story-led animation film, aiming to make complex investment concepts accessible across different languages and age groups. Central Depository Services (India) Ltd’s Investor Protection Fund…
Punjab’s revenue authorities have rolled out new guidelines requiring clear digital receipts and a tiered tax system for restaurants, aiming to boost transparency despite criticism over the rising tax on card transactions. Punjab’s revenue officials have rolled out fresh guidance…
India’s largest insurer, LIC, launches the Smart Pension Plan, a guaranteed income scheme requiring a one-time premium, promising lifelong payments and broad eligibility for retirees and their families. India’s largest insurer is promoting a retirement product that it says can…
India’s recent FCNR(B) deposit mobilisation exceeds $52 billion, yet the rupee shows only marginal appreciation, highlighting different global influences compared to 2013’s currency recovery. India’s latest FCNR(B) deposit drive has brought in more than $52 billion and, had the window…
Growth in India’s Unified Payments Interface slowed in the first four months of FY27, but transaction values and user base continue to expand, prompting renewed discussions on merchant discount rates and fee policies. Growth in India’s Unified Payments Interface eased…
ICICI Bank has issued a warning to customers about increasing online loan scams that lure victims with false promises of instant approvals and minimal checks, using fake websites, cloned apps, and social media outreach to steal personal data and funds.…
The Finance Industry Development Council prepares to oppose the Reserve Bank of India’s draft proposal to ban revolving credit products for non-bank finance companies, citing risks to liquidity and MSMEs. The Finance Industry Development Council is preparing to tell the…
Despite increased health awareness during the pandemic, India’s health insurance industry struggles with trust deficits, highlighting deep-seated structural and operational issues that threaten sector growth and consumer confidence. Despite the rise in health awareness during the pandemic, India’s health insurance…
Industry groups in India are lobbying for reforms to GST regulations, aiming to reclaim input tax credits on construction and operational costs for data centres, warehouses, and employee benefits, to boost competitiveness and investment. Industry groups are pressing New Delhi…
The Indian government is revising pension policies to better reflect evolving social realities, introducing new family pension rules, support measures, and digital reforms to improve accessibility for retirees and their families. The government will keep revisiting pension rules as social…
Understanding lender requirements, organising essential documents, and managing credit profile can significantly enhance the likelihood of swift personal loan approval. A personal loan can offer a quick way to cover planned expenses or unexpected costs without putting up collateral, but…
