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UK FTA will help India, need more such pacts with other countries: RBI Guv Sanjay Malhotra

Reserve Bank Governor Sanjay Malhotra lauded the recently signed free trade agreement with the UK, anticipating its positive impact on various Indian sectors. He emphasized the necessity for more such bilateral pacts, given the decline of multilateralism, mentioning advanced FTA…

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Semiconductor startup Netrasemi raises ₹107 crore from Zoho, Unicorn India ventures

Netrasemi had raised ₹18.3 crore in its last two rounds from various investors, including Medimicrochip Labs, Indian Institute of Management (IIM) – Kozhikode, and Unicorn India Venture, according to Tracxn.

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Google moves SC against NCLAT order on Play Store billing practices

The tech companies have also challenged the NCLAT’s May 1 order that corrected its “inadvertent error” in its original judgment, reinstating CCI’s two key data-related directives, which require tech gaint to disclose its data policies and refrain from leveraging billing…

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Simplified language in new Income Tax Bill a significant shift: FM Sitharaman

The use of simplified language in the new Income Tax Bill, 2025 marks a significant shift in making the provisions easier to understand, reducing the potential for misinterpretation and enhancing taxpayer-centricity and compliance, according to Finance Minister Nirmala Sitharaman.

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CBDT to ramp up AI-led crackdown on tax evasion ahead of new income tax law: Chairman Ravi Agrawal

The Central Board of Direct Taxes will intensify efforts to combat tax evasion. They plan to use data analytics and artificial intelligence. This will help identify discrepancies in income reporting. The Income Tax Department has access to vast digital transaction…

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Reliance Infra, Reliance Power shares slide 10% in 2 days after ED raids sites linked to Anil Ambani

Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani’s premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED’s investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and…

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  • Bank holidays next week: SBI, HDFC, others closed on these days between 4 and 10 May; check RBI calendar

    Private and public sector banks in India will be closed for two days between May 4 and 10, 2026. Customers can use online services for transactions during these periods. 

  • Section 80C income-tax relief: From PPF to EPF and NPS — Here's which investment options give you ₹1.5 lakh deduction

    Taxpayers can rely on Section 80C of the Income-Tax Act to reduce their tax liability through deductions of up to ₹1.5 lakh in a financial year. Here are the investment options you can choose from:

  • 2008 housing crash fears resurfaces — but can buyers really follow Dave Ramsey’s 25% mortgage rule in 2026?

    Concerns about a housing market crash are growing among Americans as mortgage rates rise and inflation increases. Financial experts recommend keeping housing costs below 25% of income, though this is becoming difficult with rising home prices. However, a major crash like in 2008 seems unlikely.

  • DA: Highest Dearness Allowance increase of 11% was in 2021 in the 7th CPC — Here's how much hikes have been announced

    DA hike: The highest hike for Dearness Allowance of central government employees came in 2021 with an 11% increase from the central pay commission. Here's a look at what increments have been announced over the past few years…

  • 8th CPC: What is the role of pay commissions in calculation of Dearness Allowance?

    8th central pay commission: The government appointed panel determines Dearness Allowance hike, fitment factor and other allowances for central govt employees. Here's what role it plays in the decision process…

  • Bank deposit risk explained: What happens to your money if a lender fails to return it?

    Bank deposits are generally safe, but in case of bank failure, only ₹5 lakh per depositor is insured under the DICGC. This coverage applies to all accounts in a bank, with specific exclusions for certain deposits. Details here. 

  • Tax-saving FDs vs regular FDs: Interest rates, lock-in and tax benefits compared

    Fixed deposits (FDs) are favored for stable returns, with banks in India offering rates up to 7%. Tax-saving FDs provide deductions under Section 80C but have a 5-year lock-in. Interest rates vary, with senior citizens receiving higher rates.

  • Sovereign Gold Bonds: RBI announces redemption price for 2018 series payable on 4 May; here's how much you gain

    The RBI has set the final redemption price for its Sovereign Gold Bond 2018-19 Series-I at ₹14,901 per unit, payable on 4 May 2026. Investors could see gains of nearly 386% from the issue price of ₹3,114 per unit.

  • Income tax: How much cash can you deposit to prepay home loan principal without attracting I-T notice?

    Income tax rules discourage cash transactions, limiting annual deposits to ₹10 lakh. Experts recommend using savings accounts for cash deposits

  • How to claim stuck NPS funds with interest? Step-by-step guide for subscribers

    Unclaimed National Pension System contributions can be retrieved through a mechanism specified by the Pension Fund Regulatory and Development Authority. Full details here.

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