A parliamentary panel suggests expanding financial innovation zones beyond Gujarat’s GIFT City. The committee wants the government to explore new fintech hubs in other major cities. This move aims to boost inclusive growth and attract diverse investors. The panel also…
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Donald Trump’s recent moves suggest a softer stance on China, raising concerns among allies like India and Taiwan. Hosting Pakistan’s army chief, cancelling a Taiwan dialogue, and lifting Nvidia’s AI chip ban are seen as major shifts. Critics warn these…
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In their discussions with the Reserve Bank of India (RBI), non-banking financial companies have requested LAPs be not treated on a par with unsecured loans when assigning risk weights. They have urged the RBI to reduce the current cap of…
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SEBI proposed revisions to related party transaction (RPT) rules, easing compliance for listed firms. The regulator suggested turnover-based thresholds to determine ‘material’ RPTs requiring shareholder approval, replacing the current ₹1,000 crore or 10% of turnover limit. This aims to address…
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LTIMindtree Ltd has been selected by the Income Tax Department to implement the PAN 2.0 project, approved with a budget of Rs 1,435 crore. This project aims to consolidate PAN and TAN services into a unified platform, enhancing service quality…
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Punjab is establishing a state-level Special Fraud Detection Unit in Patiala to combat GST violations. This unit will focus on uncovering circular trading, benami transactions, and fake invoicing using advanced technologies like AI and data analytics. The SFDU will comprise…
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