The Kerala government’s plan to replace doorstep cash delivery of social welfare pensions with Aadhaar-linked bank transfers has ignited a fierce political debate, highlighting tensions over assistance for the state’s most vulnerable populations. Kerala’s Congress-led United Democratic Front government is…
Apple has issued a warning as scammers increasingly use FaceTime calls to impersonate banking institutions, encouraging users to share personal and financial information in convincing live video scams. Apple has warned iPhone users that scammers are increasingly turning to FaceTime…
India’s CyberDost issues alert about counterfeit loan applications mimicking legitimate lenders to harvest personal data, urging users to verify app credibility before granting permissions. CyberDost, the cyber safety arm of India’s I4C, has warned smartphone users to be wary of…
India’s rapidly growing digital payments market faces a potential policy shift with the bill permitting fees on certain electronic transactions, raising questions over the future of free UPI payments amid rising infrastructure costs. India’s fast-moving digital payments market could be…
New RBI guidelines are reshaping gold lending in India, with stricter valuation benchmarks, tighter settlement rules, and enhanced borrower protections, impacting households and small firms relying on gold as quick capital access. For households and small firms short of cash,…
PhonePe has launched a new fixed deposit distribution platform, offering users a seamless way to compare, book, and manage deposits across partner banks and NBFCs, including an innovative micro-savings product with Shivalik Small Finance Bank. PhonePe has widened its financial-services…
Non-Resident Indians may utilise the National Pension System as a long-term retirement vehicle, with its benefits heavily influenced by income sources in India and the chosen tax regime, amidst complex withdrawal rules and cross-border tax implications. Non-Resident Indians can use…
India’s long-standing free digital payment system faces a potential overhaul as the Lok Sabha approves a bill allowing the government to impose charges on UPI transactions, signalling a significant shift in the country’s cashless economy. India’s long-standing free-ride on UPI…
The Chennai bench of the Income Tax Appellate Tribunal has clarified that withdrawals from an individual’s own bank account, when properly documented, cannot be classified as unexplained income under Section 69A, offering relief to taxpayers handling routed or disbursed funds.…
Experts recommend creating a financial plan centred on building an emergency fund and adopting disciplined investments like SIPs to ensure long-term financial stability for young professionals earning their first salary. A first salary can feel like a milestone and, for…
