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India may see up to $85 billion in forex inflows after RBI's FCNR move: Report

India anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public sector banks are leading this significant mobilization effort, exceeding previous records. FCNR(B) deposits have already reached seventeen point forty-one billion dollars by mid-July. Higher interest…

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Crypto exchanges to collect tax residency, ID details of users under new CBDT framework

India now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annually with tax authorities. This aligns with the OECD’s global Crypto Asset Reporting Framework. The Central Board of Direct Taxes issued a…

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CBDT issues crypto reporting guidance; experts see stronger tax transparency, no change in taxation

Guidance for Reporting Crypto Asset Service Providers explains obligations under the new income tax framework and operationalises India’s adoption of the OECD’s Crypto Asset Reporting Framework.

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Sensex up 550 pts, Nifty gains 166 as Indian markets start week in green

Indian markets open in green on Monday morning, with BSE Sensex rising 549.21 points or 0.72 per cent to stand at 76,608.98 points, while the NSE Nifty 50 advanced 166.85 points or 0.70 per cent to reach 23,934.30 points.

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US tariff proposal wake-up call for Indian pharma to diversify, innovate: Experts

The tariffs, set to increase significantly from August 2029, could impact affordable medicine access. Experts emphasise strengthening domestic manufacturing while preserving global supply chain integration.

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From Aadhaar to exams: Who is Nandan Nilekani, the Infosys co-founder PM Modi has entrusted with exam reforms?

Nandan Nilekani will lead a high-powered task force on examination reforms. He previously co-founded Infosys and chaired the Unique Identification Authority of India. Under his leadership, Aadhaar, India’s biometric system, was successfully rolled out. Nilekani also co-chairs the EkStep Foundation,…

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  • Supreme Court sets aside ₹425 crore penalty over fake legal citations, says material appears to be ‘hallucination of AI’

    The Supreme Court set aside a ₹425.27 crore customs penalty after finding that the order relied on AI-generated legal material. The diamond trader will now face fresh adjudication by a different customs officer, while the court warned against relying on unverified AI-generated case law.

  • Planning to quit your job at 40? Know what happens to your EPF balance and interest after leaving work

    Leaving your job at 40 does not necessarily stop EPF interest immediately. Under current EPFO guidance, an eligible EPF balance can continue earning interest until you turn 58.

  • Hindu undivided family tax benefits: Can salaried individuals also take advantage of them? Details here

    Creating a HUF allows families to benefit from independent taxation, separate deductions, and wealth management. However, merely establishing an HUF doesn't lower tax liability. Here's whether salaried individuals can form one. 

  • ₹25L bank deposit lands Bengaluru woman in tax trouble; officer links it to property sale — here's how she won

    Income tax authorities questioned a ₹25 lakh deposit by a Bengaluru resident. The cash deposit was subsequently treated as unexplained money and added back to her income. Here's why ITAT Bangalore still ruled in her favour.

  • EMI affordability: When does an ‘affordable monthly payment’ become unaffordable? Experts explain

    A manageable EMI is about more than a low monthly payment. Experts explain the 30% EMI rule, debt risks and how borrowers can assess loan affordability while protecting savings and financial security. Seeking professional guidance is a must when faced with financial hardships. 

  • Bank holiday today: Check if SBI, HDFC, ICICI branches are open or closed on Saturday, September 5

    September 5 is Teachers' Day in India, but banks remain open as it is the first Saturday of the month. RBI guidelines mandate bank closures on specific Saturdays and Sundays. Details here.

  • Could your credit card pay for a luxury hotel stay? How to maximise reward points

    Frequent travelers can leverage credit card reward points for hotel stays, unlocking loyalty benefits and free-night awards. It's crucial to strategically redeem points and compare cash prices with point requirements for maximum value, especially when hotel rates are high.

  • How to safely replace a damaged credit card

    The Reserve Bank of India (RBI) requires card issuers to provide customers with clear mechanisms for reporting lost, stolen or misused cards, along with multiple channels through which cardholders can contact them

  • Retail sugar price falls 3.85% but remains above ₹62/kg ahead of festive season; check rates

    Retail sugar price has dropped 3.85% to ₹62.57 per kg in a week, data from the Consumer Affairs Ministry showed. The slight drop follows recent government measures, including allowing imports and tightening of stockholding norms for dealers. 

  • Delivery, ride-hailing and home services — Gig workers earn 2.5x compared to similar formal and informal jobs: Report

    Delivery, ride-hailing and home services — Gig internet workers earn 2.5x, at ₹138 per hour, compared to ₹54 per hour, earned in other similar formal and informal jobs, according to a Redseer Report.

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