As sudden expenses threaten household budgets, rapid online loans offer quick relief but highlight the importance of prudent borrowing within broader financial strategies to prevent long-term strain. When a family bill arrives out of the blue, the real problem is…
A Delhi consumer commission has held Manipal Cigna Health Insurance liable for wrongly denying a woman’s claim for brain tumour surgery, citing flawed reasoning and procedural lapses, in a case highlighting insurer accountability. A Delhi consumer commission has held Manipal…
The Supreme Court of India is advocating a pilot project to implement a ‘No Insurance, No Fuel’ scheme, aiming to curb widespread non-compliance with mandatory third-party motor insurance through technological solutions like e-challans. India’s Supreme Court is pushing the Centre…
The Reserve Bank of India’s latest framework for classifying non-banking financial companies influences Tata Sons’ potential IPO but internal trust disagreements and regulatory nuances mean a listing remains uncertain for now. The long-running question of whether Tata Sons should eventually…
The Bombay Stock Exchange has introduced a new end-of-day Closing Auction Session to enhance transparency and fairness in determining closing prices, impacting traders and investors with derivatives contracts and benchmark indices. BSE has told investors and trading members to get…
A recent Kolkata CESTAT ruling clarifies that accounting entries alone do not determine taxability, emphasising the importance of legal character over financial grouping in tax disputes, particularly for mixed-income streams. In a ruling that will interest tax teams, finance heads…
India is developing a detailed customs guidebook for its top 100 imports to standardise assessments, reduce delays, and reinforce its free trade agreements, potentially transforming its import landscape and trade efficiency. India is drawing up a detailed customs guidebook for…
As regional peers tighten their policies, the Reserve Bank of India maintains a cautious, data-driven approach, confident that current inflationary pressures are external and unlikely to prompt immediate rate hikes, signalling a divergence in Asia’s policy landscape. The Reserve Bank…
A new emphasis on system-wide safety and explainability, guided by NIST’s AI Risk Management Framework, is transforming responsible AI practices in banking, lending, and fraud detection, especially amidst the challenges of generative AI and rapid digital scaling. In financial services,…
Taxpayers in India face multiple filing deadlines this year depending on income source and audit requirements, with potential penalties for late submissions highlighting the importance of accurate timing during the current income tax season. India’s income-tax filing season is under…
