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Allahabad High Court rules taxpayer can't challenge jurisdiction after adverse GST penalty order

The Allahabad High Court has clarified that taxpayers cannot later oppose GST show-cause notices on jurisdictional grounds after an adverse penalty decision, emphasising the importance of pursuing statutory appeals and the doctrine of election. The Allahabad High Court at Lucknow…

  • apxadmin
  • August 18, 2026
  • Tax, Laws & Money Explained

India’s health insurance market faces fresh challenges amid rising costs and persistent myths

Despite growing awareness, misconceptions and rising medical expenses continue to hinder effective health coverage in India, prompting calls for more informed decisions among buyers. Health insurance myths still shape how many Indians think about medical cover, even as the cost…

  • apxadmin
  • August 18, 2026
  • Tax, Laws & Money Explained

Regional rural banks break lending records in fiscal year 2025-26, driven by rural credit surge

Regional rural banks in India expanded their lending by 10.3% in 2025-26, surpassing priority sector targets and achieving a record net profit, highlighting their increasing role in rural development and financial inclusion. Regional rural banks expanded their lending sharply in…

  • apxadmin
  • August 18, 2026
  • Tax, Laws & Money Explained

India’s UPI to remain free for most users as government seeks limited fees for large transactions

The Indian government assures that the Unified Payments Interface will stay free for consumers, while considering nominal charges for high-value transactions by large merchants to ensure system sustainability and growth. The Indian government has sought to calm speculation that the…

  • apxadmin
  • August 18, 2026
  • Tax, Laws & Money Explained

India’s new Section 270 streamlines tax return adjustments and scrutiny process from April 2026

India introduces a unified framework under Section 270 for processing tax returns and conducting scrutiny, aiming to simplify compliance and increase transparency from April 2026. India’s new Section 270 puts return processing and scrutiny assessment into one framework, setting out…

  • apxadmin
  • August 18, 2026
  • Markets & Investing

India's capital spending cycle shifts towards a broader and more resilient future

India is entering a deeper and more diversified phase of capital expenditure, with private sector investment across manufacturing, digital infrastructure, defence, and emerging technologies reshaping the country’s economic landscape and offering new opportunities for investors. India’s capital spending boom is…

  • apxadmin
  • August 18, 2026
  • Personal Finance & Wealth

Bridge loans offer swift property financing solution amid rising demand for quick equity access

Bridge loans provide a fast and flexible way to bridge temporary funding gaps in property transactions, but come with higher costs and risks, making clarity on exit strategies crucial. Bridge loans are a form of short-term property finance designed to…

  • apxadmin
  • August 18, 2026
  • Personal Finance & Wealth

J&K Bank's expanded bancassurance partnership with HDFC Life aims to boost insurance penetration by 2047

J&K Bank has strengthened its insurance offerings by partnering with HDFC Life, broadening its range of financial protection products through a new corporate agency agreement aimed at increasing insurance penetration across India. J&K Bank has added HDFC Life to its…

  • apxadmin
  • August 18, 2026
  • Personal Finance & Wealth

India considers increasing affordable housing loan guarantee cap to Rs 40 lakh to broaden access

The Indian government is contemplating doubling the credit guarantee for affordable housing loans to Rs 40 lakh, aiming to enhance access for buyers and support growth in the sector amid rising property prices and market demands. The government is weighing…

  • apxadmin
  • August 18, 2026
  • Markets & Investing

International Gemological Institute hikes interim dividend to Rs 2.55, signalling confidence in cash returns

International Gemological Institute has declared its highest interim dividend of Rs 2.55 per share for FY27, reflecting steady confidence and consistent growth amid a rising market value and revenue. International Gemological Institute has lifted its first interim dividend for FY27…

  • apxadmin
  • August 18, 2026
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