Sanjay Malhotra, Governor of the Reserve Bank of India, calls on banks to spearhead the use of AI in finance, leveraging India’s digital infrastructure amidst a global push for modernisation and stability. Reserve Bank of India Governor Sanjay Malhotra has…
India’s markets watchdog, SEBI, reports no evidence of manipulation in the phased rollout of the new closing auction mechanism designed to improve price discovery and market stability, as market participants continue to adapt to the changes. India’s markets watchdog has…
The Income Tax Department mandates the use of Form 144 for quarterly reporting of tax deducted at source on payments to non-residents, replacing Form 27Q from 2026, with detailed filing procedures and penalties outlined for non-compliance. Form 144 is now…
India’s Supreme Court has ruled that the omission of Rule 96(10) of the GST Rules applies to ongoing refund cases, providing relief to exporters and resolving legal ambiguities regarding pending IGST refunds. India’s Supreme Court has ruled that the omission…
India’s Securities and Exchange Board of India has reported no manipulation in its new end-of-day pricing mechanism, as market participants gradually adopt the reform designed to enhance transparency and fairness. The Securities and Exchange Board of India has not seen…
Investors should look beyond fund categories, as the actual risk depends on asset composition, concentration, and market sensitivity, with the SEBI-mandated Riskometer offering only a partial view. Mutual fund risk is not fixed by category alone. Two schemes with the…
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…
