The Indian government’s move to introduce a legal basis for merchant discount rates on UPI payments raises concerns among mutual fund distributors about potential cost increases and the impact on digital investment flows, amid ongoing policy developments. India’s move to…
Apple is nearing a potential October launch of Apple Pay in India, but the service may initially exclude UPI integration, highlighting ongoing regulatory and commercial challenges in the world’s second-largest smartphone market. Apple Pay could be on the verge of…
India’s digital payment platform UPI continues to grow rapidly, with transactions soaring and market optimism rising. However, plans for charging merchant fees face challenges amid concerns over sustaining its cashless surge and revenue model. India’s digital payments boom is reshaping…
India’s insurance regulator has issued a firm warning to general insurers to halt aggressive discounting in fire cover policies, aiming to prevent jeopardising underwriting stability amid declining premiums and significant potential claims risks. India’s insurance regulator has warned general insurers…
Tarun Chugh, CEO of Bajaj Life Insurance, leads as India’s top-paid life insurer executive in FY26 amid increasing regulatory scrutiny and a sector-wide shift towards performance metrics emphasising customer experience and service quality. Tarun Chugh remained the best-paid chief executive…
Equitas Small Finance Bank plans to increase advances from ₹45,000 crore to ₹1.2 trillion over five years, with management considering a potential move to universal banking, subject to regulatory approval and strategic readiness. Equitas Small Finance Bank is aiming to…
As financial activities shift increasingly online, consumers must navigate new privacy challenges, security risks, and volatile digital assets, emphasising the importance of vigilance and informed habits in managing money digitally. As more people manage money through apps and websites, the…
Advancements in automated income tax systems mean that even taxpayers who file on time can receive notices due to minor inconsistencies or omitted income, prompting a need for heightened accuracy and proper documentation. For many taxpayers, filing an income tax…
India’s export regulator has introduced a new digital system for verifying duty payments, eliminating the need for physical challans and speeding up export obligation clearance for exporters under key schemes. India’s export regulator has moved to digital verification for a…
India is contemplating the introduction of processing charges on its dominant digital payment systems, risking a fundamental shift in an ecosystem that has transformed domestic commerce and attracted global scrutiny, as the government debates whether to treat UPI as a…
India’s Finance Ministry has reaffirmed its stance against reviving the Old Pension Scheme for central government employees, citing fiscal sustainability while facing ongoing demands from employee groups seeking guaranteed retirement benefits. India’s Finance Ministry has again ruled out any plan…
The Indian Income Tax Department has launched a free, instant e-PAN service allowing eligible applicants to obtain a legally recognised digital Permanent Account Number within minutes, streamlining the process for first-time applicants without any fee. India’s Income Tax Department has…
