Blog - Advisors India

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3.5% remittance tax: Sending money from US to India to upset many; here’s what NRIs can do to save tax on remittances

An upcoming US bill imposes a 3.5% tax on remittances sent by non-citizens, impacting Indians who are a significant portion of the US immigrant population. This tax, aimed at protecting US dollar outflow, may affect investments and corporate mobility programs.…

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JSW poised to acquire Akzo Nobel India for $1.1 billion

JSW Paints is poised to acquire Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This acquisition will position JSW Paints as a significant player in both the decorative and industrial paints sectors in India. The…

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Rupee may see gradual gains on dollar weakness, capital inflows: Forecasters

Bank of America revised its year-end forecast to 84 per dollar, up from 87 earlier, while MUFG, ANZ, and Goldman Sachs have made similar upgrades, projecting a stronger rupee by December.

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Why US banks are exploring joint stablecoin venture to enter crypto market

The planned initiative, still in its exploratory phase, represents a coordinated move by regulated financial institutions to create a blockchain-based digital dollar.

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India becomes world’s fourth largest economy, overtaking Japan: NITI Aayog CEO

NITI Aayog CEO B V R Subrahmanyam announced that India has surpassed Japan to become the world’s fourth-largest economy, boasting a USD 4 trillion economy. Citing IMF data, he expressed confidence that India could become the third-largest economy in 2.5-3…

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NSE IPO awaits SEBI’s nod: All you want to know about India’s most valuable unlisted company

The National Stock Exchange’s IPO is nearing approval from Sebi. NSE, valued at Rs 4.7 lakh crore in 2024, dominates India’s stock market and boasts over 1 lakh shareholders, making it the most broadly held unlisted company.

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Govt’s hub-and-spoke model for international travel: How will it help airline passengers?
The government’s hub-and-spoke model will allow airline passengers to check in baggage and complete customs and immigration formalities at spoke city airport (Tier-II and -III cities), and take onward flight from the hub city airport (Delhi or other major cities) to international locations.
Bank holiday today? Check if SBI, HDFC, ICICI are closed on 11 July for second Saturday off — RBI calendar here
Public and private banks across India will remain closed today, 11 July, for the second Saturday holiday. Bank operations will remain suspended nationwide, but online banking services will remain accessible for transactions.
Why a same-sex couple is challenging the income tax law that exempts gifts only between spouses? Explained
The Karnataka High Court has requested the Union government to respond to a petition challenging tax exemptions for gifts between spouses, which currently excludes same-sex couples. Details here.
EPS 2026: New withdrawal rules and 20-day claim settlement explained
With EPS 2026, the pension system for organized sector employees is reformed for transparency and efficiency. It mandates a 36-month wait for withdrawal benefits, enforces a 20-day claim processing deadline, and supports higher pensions, while preserving existing benefits for current members.
If you invested like Trump, you'd be ahead of the S&P 500 — here's what the US President is betting on
Trump's financial disclosures reveal he executed 21,285 stock trades in 2025, averaging one trade every five minutes. His portfolio has outperformed the S&P 500, with a 37.3% return since his inauguration. Here's a look at the US leader's portfolio .
EPFO passbook portal restored after software upgrade; members can access accounts again ahead of 8.25% interest credit
The EPFO has restored its passbook portal after a two-week outage due to a database upgrade. Members can access their accounts again ahead of 8.25% interest credit. 
Same salary, different loan amount? Here's why banks may treat borrowers differently
Lenders consider factors beyond income when approving loans, such as repayment history and financial habits. Two individuals with identical salaries may experience different loan outcomes based on their overall financial profiles.
Which ITR form should you file? A guide for salaried employees, pensioners and other taxpayers
The ITR forms have been revised for AY 2026-27, affecting ITR-1, ITR-4 and ITR-2. Taxpayers must ensure correct filing by reviewing income sources and changes to avoid complications. The filing deadline is 31 July 2026 for individuals and non-audited entities.
Forgot your ITR login password? Here's how to reset it without access to Aadhaar-linked mobile number
Taxpayers can reset their income tax e-filing portal password using various methods if they forget it, even if they don't have access to their Aadhaar-linked mobile number. Step-by-step guide here.
AMFI Data: Gold ETF inflows rebound to ₹3,443 crore in June after May outflows, here's what changed
Gold ETF inflows rebounded sharply to ₹3,443 crore in June, reversing May's outflows as investors returned after profit booking. Experts say cooling gold prices and persistent global uncertainties revived demand for the safe-haven asset.