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…
Indian cyber authorities have thwarted a sophisticated WhatsApp campaign that utilised counterfeit regulatory files to compromise Windows devices, hijack user accounts, and propagate malware across contact networks, safeguarding over 10,000 individuals. India’s cyber authorities say they have disrupted a WhatsApp…
As fraud losses hit record highs, experts warn that scammers are increasingly exploiting urgency and impersonation tactics. Consumers are urged to verify requests and act swiftly when suspicious activity is detected. Bank scams are evolving fast, and the warning signs…
India’s residential property market demonstrates resilience with increased new launches and steady sales, while the Reserve Bank of India’s decision to hold rates aims to support long-term demand amid global uncertainty and inflation pressures. India’s residential property market has continued…
India has simplified its data centre tax regime with new amendments, aiming to attract more foreign cloud and AI infrastructure investments amid expanding domestic market prospects and ongoing infrastructure challenges. India’s bid to become a magnet for cloud and AI…
