The Reserve Bank of India’s recent efforts to attract foreign currency have strengthened the country’s external position, with projections of a significant balance-of-payments surplus and record-breaking forex reserves amid global uncertainties. The Reserve Bank of India’s drive to pull in…
As GST rates shift, companies must navigate nuanced rules around transaction timing and contract language to avoid compliance pitfalls and financial losses, particularly in goods versus services. When GST rates change, businesses with live contracts can face immediate pressure on…
PensionBee launches a new automatic withdrawal service, allowing eligible savers aged 55 and over to manage regular pension payments effortlessly via its app, simplifying retirement finances and providing greater flexibility. PensionBee has launched a new automatic withdrawals service designed to…
Indian payment aggregators request more time to complete mandatory re-KYC for merchants before the September 15 deadline, citing operational challenges and concerns over small, informal traders’ inclusion in the digital payment ecosystem. Payment aggregators in India have asked the Reserve…
PNB’s new Kalpnidhi scheme offers disciplined savers a fixed monthly deposit plan with attractive long-term maturity potential, starting at ₹100 and reaching nearly ₹25.77 lakh for seniors over a decade. Punjab National Bank’s Kalpnidhi recurring deposit is aimed at savers…
Indian shares edged higher at midday on Friday, supported by firmer global sentiment and selective buying in financial and energy sectors, despite ongoing caution over the Nifty 50’s resistance levels and mixed industry performance. Indian shares held modest gains at…
India’s Ministry of Corporate Affairs is considering a major redesign of the corporate filing system, aiming to streamline submissions, introduce automation, and connect with other government databases to enhance efficiency and reduce compliance burdens. India’s corporate filing system could be…
The Madras High Court has directed the Income Tax Department to restore access to its digital portal for a taxpayer unable to file a return due to technical glitches, highlighting judicial support for procedural fairness amid evolving e-filing systems. The…
PhonePe launches PulsePro, a new analytics platform leveraging transaction data to provide granular, real-time market insights for corporate clients across India, enhancing location-based decision-making. PhonePe is turning the vast flow of digital payments on its network into a new business…
India is set to launch its first blockchain-based tokenised corporate bond issue, leveraging the digital currency from the Reserve Bank of India to enhance transparency and efficiency in bond settlement, marking a significant milestone in financial innovation. India is preparing…
