As India commemorates its 80th Independence Day, financial experts emphasise the importance of emergency funds, insurance, disciplined investing, and prudent borrowing to achieve true financial freedom and stability. As India marks its 80th Independence Day, the idea of freedom extends…
Indian investors seeking diversification are exploring the emerging GIFT City platform and the established Liberalised Remittance Scheme, with experts highlighting progress and pitfalls in each route. Indian investors looking for ways to diversify overseas still have two main routes, according…
Sanjay Malhotra emphasises the need for careful and ambitious use of AI to enhance credit access, cut costs, and strengthen security within India’s banking sector, while warning against potential risks of misuse. Reserve Bank of India Governor Sanjay Malhotra has…
India’s SEBI has updated its mutual fund classification framework, clarifying distinctions among large-cap, mid-cap, multi-cap, and index funds to better align with investor goals and risk tolerance amid evolving market dynamics. India’s equity-fund landscape is no place for one-size-fits-all investing.…
A new study highlights how UPI Lite, designed to ease micro-transactions and reduce system load, struggles to gain traction amid existing user habits and perceived complexity, signalling a need for smarter features and improved discovery tools. UPI Lite was created…
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal has exonerated a proprietorship from a significant service tax demand, clarifying that the liability rests with the insurer under the reverse charge mechanism for insurance-related commissions. The Kolkata…
As the 2026 tax season approaches, Korean employees are being encouraged to optimise their year-end tax settlements by timing expenses and contributions carefully, leveraging deductions for card spending, pension savings, and family benefits to secure maximum refunds or minimise payments.…
As India’s Unified Payments Interface grows into a vital component of the national economy, debates intensify over whether to keep the system free or introduce charges, balancing economic, strategic, and political considerations. The debate over whether India’s Unified Payments Interface…
A Nagpur bench of the Income Tax Appellate Tribunal has reaffirmed that interest earned on bank deposits by co-operative credit societies can qualify for tax relief under Section 80P, marking a significant shift in how these deductions are interpreted amidst…
The deadline for filing income tax audit reports for Assessment Year 2026-27 is set for 30 September 2026, with subsequent return filing due by 31 October 2026 for audited cases, though transfer pricing submissions extend to 30 November, highlighting the…
As the government considers introducing merchant fees for India’s dominant UPI payment system, experts warn of possible impacts on small transactions and the system’s widespread adoption, raising questions on funding and policy direction. Finance Minister Nirmala Sitharaman has tried to…
Changes introduced in the 2023 and 2024 budgets have hampered tax advantages for debt mutual fund investors in India, prompting industry calls for the reintroduction of indexation to boost competitiveness and attract conservative investors. Debt mutual funds in India once…
