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100% tariffs on India? US House passes bill authorising new duties on Russia oil buyers

The US House of Representatives has passed legislation authorising President Donald Trump to impose tariffs of up to 100% on India, China and other countries buying Russian oil and gas. The bill, which also targets Russia’s leadership, energy sector and…

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A 25 bps hike: US Federal Reserve raises interest rates for first time since 2023

The US Federal Reserve increased interest rates by twenty-five basis points on Wednesday. This move aims to control inflation that remains significantly above the central bank’s target. Consumer inflation stayed at three point four percent in August, prompting this necessary…

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NFRA to release second Staff Series on Technology in Audit

The series is in line with NFRA’s obligations to suggest measures to improve overall audit quality and promote awareness of the significance of accounting and auditing standards, auditors’ responsibilities, audit quality and other such matters.

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Reforms improved India’s competitiveness, strengthened resilience: CII’s R Mukundan

Reforms in taxation and digital infrastructure have boosted India’s economic competitiveness. GST and the JAM trinity integrated millions into the formal financial system. Government infrastructure investment has significantly lowered logistics costs across the nation. Manufacturing sectors like electronics and pharmaceuticals…

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NITI seeks easier access to geological data, capital for small exploration companies

Niti Aayog recommends government support for junior exploration firms and increased private participation. Streamlining approvals and forest procedures will reduce project delays significantly. Harmonizing renewable energy rules and addressing GST for logistics are also advised. Promoting domestic production of specialized…

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UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit

UPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eighteen percent GST on these charges, which is effective October 15th. Registered merchants can claim input tax credit on…

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  • New UPI MDR rules from October 15: What changes for fuel, railway tickets and 3 other key services? Explained

    From October 15, UPI payments over ₹2,000 for fuel, railway tickets, and other services will incur a flat MDR of ₹5, as announced by NPCI. Meanwhile, for P2M transactions above ₹2,000 outside the specified categories, NPCI has introduced a 0.4% MDR.

  • Investing via RBI Retail Direct platform: Who will pay UPI MDR from 15 October? Experts weigh in

    When you invest in government securities through RBI Retail Direct using UPI, who will bear the payment-processing cost? With MDR rules for capital market transactions changing from 15 October, here’s what investors need to know about the charges involved.

  • Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck

    Refunds may not be issued if bank details are incorrect or if the PAN is inoperative. Taxpayers should monitor their e-filing accounts for discrepancies and may need to correct details for a refund reissue request.

  • Large-cap or aggressive hybrid? The mutual fund category that leads in returns may surprise you

    Large-cap funds predominantly invest in large-cap stocks, while aggressive hybrid funds combine equity with debt. A comparison of their 1-, 5- and 10-year returns, along with risk-adjusted performance, reveals how the two mutual fund categories have fared over time.

  • Your bank account isn’t necessarily frozen just because your KYC is overdue | here’s what can actually happen

    Missing a KYC update deadline doesn't mean immediate account freezing. RBI rules require banks to send reminders before action. 

  • Getting a consumer durable loan? Don't let hidden processing fees and ‘no-cost’ EMI catch you off guard

    Consumer durable financing can provide formal credit to new-to-credit borrowers who may otherwise find it difficult to obtain a loan. But convenience comes with potential drawbacks.

  • Expectation vs reality: Why you should not assume 20%+ equity returns—what Nifty 500 historical data reveals

    Nifty 500 data shows 10%-20% was the most common three-year return range since 2005. With the latest three-year CAGR at 12.9%, an expert suggests investors should distinguish between exceptional bull-market gains and more typical returns when planning financial goals.

  • Mid-cap mutual funds: Sharp falls of over 20% can happen once every 4.2 years — what 21 years of benchmark data shows

    While investing in mid-cap funds, are you worried about poor returns? However, avoiding declines can create another challenge if you miss the subsequent recovery. A 21-year analysis of the Nifty Midcap 150 highlights this trade-off.

  • NRI woman gets relief as ITAT cuts income tax penalty from 200% to 50%: Know why

    ITAT Mumbai cut an NRI's tax penalty from 200% to 50% after she omitted ₹14.46 lakh in interest income from her ITR. The tribunal held mere omission isn't automatic misreporting, citing her overseas residence, reliance on an accountant, and voluntary tax payment once notified.

  • Apple Pay to come to India soon with Axis Bank? How will it work for iPhone users? Here's what we know

    Apple is reportedly all set to launch Apple Pay in India next month with Axis Bank's credit cards. It is said that the company is also in talks with HDFC Bank and ICICI Bank.

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