New reporting rules introduced on 1 October aim to enhance traceability in cross-border real estate deals by streamlining compliance while maintaining effective tax collection mechanisms. The Income Tax Department has tightened reporting rules for property deals involving non-resident sellers, while…
Seven Hyderabad-based business figures have secured spots in the Hurun wealth list’s top 100, highlighting the city’s expanding influence in pharmaceutical, infrastructure, data centre, and clean energy sectors with a combined fortune estimated at Rs 4,01,200 crore. Seven Hyderabad business…
India’s Unified Payments Interface (UPI) exemplifies rapid digital payments scaling, handling over 20 billion transactions monthly, as global payment markets diversify and incorporate AI-driven commerce. India’s Unified Payments Interface has become one of the clearest examples of how digital payments…
India’s insurance regulator IRDAI has unveiled sweeping proposals aimed at overhauling policy sales and servicing, risking a shift from volume-driven to value-based advice amid calls for greater transparency and customer protection. India’s insurance regulator has set out a far-reaching plan…
India’s power ministry has submitted the draft of its new National Electricity Policy 2026 for inter-ministerial review, signalling a major overhaul aimed at boosting renewable energy, modernising the grid, and meeting ambitious climate targets by 2047. India’s power ministry has…
Employees in the private sector now face a revised Rs 25 lakh limit on tax-exempt leave encashment at retirement, with specific rules differentiating government and non-government payouts, impacting retirement benefits and tax planning strategies. Retirement can bring a last payout…
The PM Surya Ghar: Muft Bijli Yojana portal now requires households to approve rooftop solar agreements before installation, enhancing transparency and consumer protection amid India’s push for widespread solar adoption. The PM Surya Ghar: Muft Bijli Yojana portal has added…
Shares of PB Fintech and other insurance-linked financial firms plummeted as the Indian insurance regulator proposed sweeping reforms, potentially halving commissions and squeezing margins across the sector, prompting sharp declines and heightened investor caution. PB Fintech’s shares tumbled after India’s…
The UK government’s plan to include unused pension funds in inheritance tax from 2027 is prompting advisers and retirees to explore innovative strategies, notably the revival of ‘back-to-back’ arrangements, amid concerns over fairness and complexity. The government’s move to bring…
The Reserve Bank of India has unveiled draft amendments to streamline account freezes linked to suspected fraud, responding to a Supreme Court order to standardise responses to money-mule activity and cybercrime, with public comment sought ahead of 2027 implementation. The…
