The Reserve Bank of India aims to standardise and simplify loan rate setting across the financial sector, enhancing transparency and comparability for borrowers, amid recent reforms and efforts to broaden access to banking services. The Reserve Bank of India has…
A 15-year income tax exemption proposal for rough diamond sales in India could significantly boost domestic trading, enhance competitiveness, and shift the global supply chain, with industry experts hailing it as a potential game changer. India’s diamond industry could be…
Anthropic plans to handle some Claude requests within India using Amazon Bedrock, offering businesses a way to deploy AI tools in compliance-heavy industries and strengthening its foothold in the rapidly growing Indian market. Anthropic is preparing to let some Claude…
While discussions around levying charges on high-value UPI transactions continue, government officials emphasise that everyday digital payments remain free, signalling continued support for accessible digital finance. A recent push in Parliament to amend India’s payments law has set off a…
The Indian government is exploring the possibility of levying charges on certain high-value UPI payments, primarily affecting merchants, as part of a proposed legislative change that could reintroduce merchant discount rates and alter the landscape of digital transactions in the…
The Reserve Bank of India’s latest NBFC framework keeps Tata Sons in the upper layer, raising questions about whether the conglomerate will pursue a stock market listing amid regulatory scrutiny and ongoing deregistration efforts. The Reserve Bank of India’s latest…
India’s Supreme Court has clarified that a Tax Residency Certificate alone is no longer sufficient for treaty relief, emphasising the importance of control and economic substance in offshore structures, impacting investors using Mauritius and Singapore routes. India’s Supreme Court has…
As central banks explore the development of digital currencies, the key debate centres on the design choices that will shape privacy, control, and the future of banking, rather than the technology itself. Central bank digital currencies are often presented as…
Indian exporters, freelancers, and online sellers need to navigate complex GST rules on cross-border payments, where export of goods and services is generally zero-rated, but associated banking and forex charges attract GST, impacting pricing and compliance. GST on international transactions…
The Delhi High Court has permitted an exporter to rectify old GST filings from FY2017-18, emphasising that portal restrictions should not hinder legitimate corrections arising from customs amendments, highlighting a significant shift for early GST taxpayers. The Delhi High Court…
