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CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reforms

India’s economy is projected to grow around 7% this fiscal year, with most businesses finding growth avenues despite global cost pressures. The new CII president, R Mukundan, advocates for a GST Council-like body to drive crucial reforms across sectors like…

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RBI to raise large exposure limit for upper layer NBFC-IFCs to 45% from 35% of eligible capital base

The Reserve Bank of India has boosted lending limits for top infrastructure finance firms, allowing them to extend up to 45% of their capital to connected borrowers, a significant increase from 35%. This move aims to support the crucial infrastructure…

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Sensex jumps 500 points, Nifty rises above 24,150 as oil prices cool below $73 per barrel

Indian stock markets surged on Thursday, with Sensex and Nifty climbing significantly as falling oil prices bolstered investor confidence. Major gainers included IndiGo, M&M, Maruti Suzuki, and TCS, while broader markets also saw positive movement. The real estate and auto…

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Lawyers for Indian billionaire Adani urge US judge to dismiss criminal case

ADANI-GROUP-Lawyers for Indian billionaire Adani urge US judge to dismiss criminal case

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RBI finalises NBFC-UL norm that may see Tata Sons list

India’s central bank has redefined systemically important NBFCs, setting a new asset threshold of ₹1 lakh crore for upper-layer companies. This move, rejecting industry calls for a higher cap, could mandate a public listing for entities like Tata Sons. The…

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RBI proposes guidelines for banks to manage AI risks

INDIA-BANKS-RBI proposes guidelines for banks to manage AI risks.

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  • 8th pay commission: Rent increase, no hike since 2017 — Here's why the NC-JCM is demanding HRA revision

    8th pay commission: Current house rent allowance rates were set in 2017 last, according to National Council – Joint Consultative Machinery. Here's why the NC-JCM has demanded that HRA be revised…

  • DA hike: Will implement 7th pay commission, bridge dearness allowance gap with Centre this fiscal, says West Bengal CM

    Dearness Allowance: West Bengal CM Suvendu Adhikari says his government aims to implement the 7th pay commission this fiscal and bridge the salary gap between its state and central government employees with a DA hike.

  • Can my father sell ancestral property without my consent?

    If your father inherited property from his father, can he sell or bequeath it without your consent? Here's what Hindu law says about ancestral property and coparcenary rights.

  • SOA vs demat account: Which option is better for mutual fund investors after SEBI's latest move?

    SEBI’s move to allow standing instructions for SWP and STP facilities on demat-held mutual fund units is a significant step towards improving investor convenience. While SOA may offer lower costs, demat provides consolidated portfolio management and a single nomination facility for investors. 

  • Talliki Vandanam scheme 2026: Beneficiary students get ₹13,000 benefit; here's how to check your payment status

    Beneficiaries under Andhra Pradesh's Talliki Vandanam scheme 2026 have begun receiving their ₹13,000 deposit in their accounts from today, 22 July. We explain the eligibility criteria, how to apply, and how you can check payment status.

  • Digital lending in India: How Aadhaar, payments and account aggregators are changing credit

    India's lending ecosystem has evolved through digital innovation and public-private partnerships, enhancing data sharing and analysis. 

  • Buying or investing in silver: Here's how silver ETFs, FoFs, jewellery and utensils are taxed

    The tax treatment of silver depends on the investment route and the holding period. While capital gains tax applies to ETFs, FoFs and physical silver, the purchase of physical silver also attracts GST.

  • How account aggregators are making credit more inclusive in India

    India's Account Aggregator framework enhances Open Finance by enabling secure, consent-based sharing of financial data.

  • No foreign equities: Why Bajaj AMC's Nimesh Chandan swears by India

    Home bias isn't a tactical call based on current market conditions but an investing philosophy Bajaj AMC's Nimesh Chandan has followed for years.

  • Sold inherited property at a loss? Check how to report capital loss in ITR-2 and save future tax

    Selling inherited property at a loss requires correct reporting in ITR-2. Understand capital loss calculation, carry-forward rules, documentation needs and tax filing steps to claim eligible benefits and stay compliant under the Income Tax Act.

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