India’s Supreme Court is examining whether the legal framework for resolving consumer disputes should base jurisdiction on the price paid for goods or services, or on the compensation sought, amid ongoing legal debates on fairness and statutory interpretation. The Supreme…
Students in Tier 2 and Tier 3 cities now account for over 86% of education loan applications, signalling a major shift in India’s higher education financing trends towards smaller urban centres and employability-focused courses. India’s education-loan market is being reshaped…
Axis Bank will increase its Dynamic Currency Conversion markup on credit cards to 3.5% and introduce new fee structures and reward restrictions, signalling a sector-wide recalibration of card costs affecting frequent travellers and online shoppers. Axis Bank is set to…
The Reserve Bank of India has cut short the deadline for its FCNR(B) swap facility to August 31, 2026, ahead of expectations, amid heavy utilisation and concerns over liquidity and funding costs among banks. The Reserve Bank of India has…
Recent rulings clarify that refusals under section 119(2)(b) are administrative, leaving taxpayers with limited avenues for appeal, primarily through writ petitions for arbitrary or unsupported decisions. A rejection under section 119(2)(b) of the Income-tax Act, 1961 can leave taxpayers facing…
The Aeronautical Development Agency updates the development phase financial terms of India’s stealth fighter programme, replacing LIBOR with the State Bank of India’s MCLR, aligning contracts with current banking practices and enhancing legal clarity. The Aeronautical Development Agency has updated…
India’s defence sector has seen a significant shift towards greater self-reliance over the past decade, marked by soaring budgets, increased indigenous production, and a surge in exports, driven by reforms and strategic policy changes. India’s defence sector has moved steadily…
Paramotor Digital Technology has formed a co-branded partnership with NSDL Payments Bank to enable nationwide issuance of prepaid cards, enhancing consumer spend management, digital gifting, and rewards programmes in India. Paramotor Digital Technology has struck a co-branded partnership with NSDL…
As markets fluctuate, experts advocate blending equity investments with annuities to secure a reliable income stream for retirees, marking a evolution in retirement finance. Many people building retirement wealth lean heavily on equity and mutual funds for long-term growth, but…
The Reserve Bank of India has unveiled draft proposals to overhaul floating-rate loan pricing, aiming to increase transparency, limit lender discretion, and give borrowers a clear pathway to adopt the new framework by 2029. India’s central bank has proposed a…
