Blog - Advisors India

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Banks register rise in NRI deposits under RBI's new scheme

Banks have registered a gradual increase in the flow of overseas funds after the rollout of the Reserve Bank of India’s (RBI) revised Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme, and expect collections to accelerate further this month as awareness…

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SEBI proposes INR-based registration fee payment for FPIs, FVCIs to simplify processes

The Securities and Exchange Board of India (SEBI) on Friday proposed that foreign portfolio investors (FPIs) and foreign venture capital investors (FVCIs) pay registration and related fees in Indian rupees (INR), replacing the existing system of payments in US dollars…

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Adar Poonawalla Family Office invests Rs 700 cr in Inox Clean

Inox Clean Energy has secured a significant Rs 700 crore investment from the Adar Poonawalla Family Office, boosting its valuation to Rs 70,000 crore. This follows earlier backing from US pension fund CalPERS. The funding underscores strong investor confidence in…

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Tax department steps up scrutiny of charitable trusts over disclosure mismatches

The Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governance information. This intensified scrutiny follows the detection of discrepancies in filings with various regulators. Hundreds of trusts, particularly those receiving foreign…

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Bank of Baroda to pay $600 million to settle NMC Health insolvency claims

Bank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of gross negligence, failing to conduct proper due diligence, and allowing fraudulent transactions without adhering to anti-money laundering…

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RBI backs crypto containment and keeps ban on table, officials tell house panel

The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them. Officials argued that allowing exposure could legitimize speculative products with no economic benefit and pose…

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EPFO: Check withdrawal rules for members, conditions for partial withdrawal, how to make PF claims — Stepwise guide
Here's a look at the EPFO's provident fund withdrawal process for members — from conditions for partial withdrawal, minimum balance required, limits, types of claims, which forms to submit, and more.
Unknown SIM linked to your Aadhaar? Check before it's too late; here's how to identify
With the growing misuse of identity documents, it is important to regularly check how many mobile numbers are registered in your name.
Pension pending since 1996! Here's how spouses of two defence retirees received arrears of over ₹48 lakh
Department of Pension and Pensioners’ Welfare conducted Special Campaign 3 and successfully resolved 2,306 cases of family pensions, disability pensions, war injury element arrears, among other claims. 
Punjab DA hike: Which govt employees will get jump from 42% to 60%? Check details here
Punjab has proposed hiking dearness allowance of 85,000 state government employees from 42% to 60%, according to Cabinet Minister Aman Arora. Recommendation will be sent to CM Mann for final approval. 
7th Pay Commission DA hike: What is AICPI-IW? Why it matters so much for amount calculation for central govt employees
7th Pay Commission DA hike: What is the AICPI-IW? We explain its significance and why it matters so much for salary amount calculation for central government employees and pensioners in India.
Insurance fraud: ₹15 lakh landed in senior citizen’s account, HC said mere receipt of money doesn’t prove guilt
A 78-year-old retired IFS officer got ₹15.15 lakh in his bank account linked to an alleged insurance fraud. The Madhya Pradesh High Court granted him anticipatory bail, saying merely receiving crime proceeds did not prove knowing involvement.
ITR deadline for businesses and professionals: Who gets time until October 31 to file their returns?
The ITR filing deadline for businesses and professionals is later than the due date for most individual taxpayers. Taxpayers subject to audit have until October 31, 2026. Full list here.
EPF account rules: When does an EPFO account become inoperative, and what should members do?
EPF account rules explained: Know when an EPFO account becomes inoperative, when interest stops, and how members can withdraw or transfer their PF balance using Form 19, Form 13 and other EPFO services.
Credit-risk funds deliver 8.97% 3-year returns, highest among debt funds. Should you invest? Experts flag key risks
Credit-risk funds delivered 8.97% returns over three years, emerging as the best-performing debt mutual fund category amid improving corporate fundamentals. Experts caution that higher returns come with greater credit, downgrade and liquidity risks, making portfolio quality crucial for investors.
8th Pay Commission: DA may hit 66%-67% by January 2027 as AICPI-IW points to another hike
Central government employees may see DA rise to 66%-67% from January 2027 if AICPI-IW remains strong. The projection is based on the existing 7th Pay Commission formula and is not an official government announcement.