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India may need to rethink FPI withholding-tax rules for better global alignment, says former Sebi WTM

Beyond the IPO market, India may need a broader discussion on the framework governing professional valuation agencies across asset classes, Ananth Narayan told ETCFO.

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No systematic bias in inflation forecasts; RBI mulling monthly BoP data release: Gupta

In a recent statement, Poonam Gupta, Deputy Governor of the Reserve Bank of India, emphasized that the bank’s inflation predictions are not skewed. She highlighted the institution’s utilization of various models and consultations with experts to arrive at accurate forecasts.

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Sebi mulls relaxed framework for issuing duplicate securities certificates

In a bid to empower investors, Sebi is proposing a streamlined process for obtaining duplicate securities. By increasing the threshold for simplified documentation to Rs 10 lakh, the regulator aims to eliminate bureaucratic barriers and lower expenses for investors. Additional…

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Aim to build charging infra in India catering to diverse customer needs: Tesla

Tesla is expanding its electric vehicle charging network in India. The company plans to establish superchargers and home-charging solutions in major cities. This initiative aims to support sustainable transport and combat air pollution. Tesla’s direct sales model is driving excitement…

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McKinsey cuts about 200 tech jobs, shifts more roles to AI

McKinsey & Co. has eliminated approximately 200 global tech jobs, signaling a broader trend of consulting firms leveraging AI for automation. The company is assessing tasks for AI integration and may implement further reductions in non-client-facing roles over the next…

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MCX shares cross Rs 10,000 for the first time. What’s fuelling the rally?

Multi Commodity Exchange of India shares reached a new peak on Wednesday on the back of strong volumes. Analysts are optimistic, with UBS raising its target price to Rs 12,000. The exchange’s recent performance shows robust growth in profit and…

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  • UPI new rules from Oct 15: What happens to insurance, SIP payments? Will Netflix, phone bills via AutoPay get costlier?

    New UPI rules effective October 15 introduce a 0.4% fee for merchant transactions above ₹2,000. While some costs may rise for consumers, person-to-person transfers remain free. Subscriptions via UPI AutoPay won’t incur additional charges, protecting users from unexpected increases.

  • Should you choose zero copay for your health insurance? Why? Why not? Explained

    A zero-copay health insurance policy reduces hospitalisation costs but often comes with higher premiums. It's crucial to compare coverage, premiums and potential expenses before selecting one.

  • ₹3,000 Annapurna Yojana payout on September 17, PM Modi’s birthday: Are you eligible to receive money? Check new rules

    On September 17, Prime Minister Modi's birthday, ₹3,000 will be credited to 1.58 crore eligible women under the Annapurna Yojana. 

  • EPFO wage ceiling raised to ₹25,000: How much could your ₹7L EPF insurance cover increase? Here's how to calculate

    The Union Cabinet raised the EPFO wage ceiling from ₹15,000 to ₹25,000, potentially increasing the life insurance cover under the EDLI scheme from ₹7 lakh to an estimated ₹10.5 lakh. This change could benefit between 50 lakh and 1 crore new EPFO members.

  • Moving funds from NRO to NRE? Crucial tax rules and transfer limits you need to know

    Transferring capital from an NRO account to an NRE account is fully permitted, but it remains strictly regulated by tax and foreign exchange rules.

  • Emergency fund in 2026: Does the textbook recommendation of 3-6 months’ savings still work amid AI concerns, job losses?

    Creating an effective emergency fund involves assessing essential expenses and estimating recovery time based on personal situations. 

  • Inheritance of online businesses in India: What happens to a creator’s digital assets after death?

    Succession planning for account access, earnings, intellectual property and commercial agreements is essential.

  • 8th pay commission: Last date to apply for Bengaluru meeting on 18 September — Here's how to submit online

    The 8th Central Pay Commission will visit Bengaluru on October 7-8, meeting with employee unions and pensioner associations to discuss various demands. Chaired by Justice Ranjana Prakash Desai, it aims to release final recommendations by May 2027.

  • Govt hikes wage ceiling for EPF coverage: We calculate how this could impact your pension payout at retirement

    The EPFO wage ceiling has been raised to ₹25,000, bringing an additional 51 lakh employees under mandatory provident fund cover, and widening social security coverage for workers. Today, we calculate how this can impact your pension payout.

  • Can visiting India bring your overseas salary under the tax net? What NRIs should know

    An NRI in Singapore for 12 years visited India to manage inherited assets after their mother's death. They anticipate a three-month stay and are questioning whether it will make their Singapore salary taxable in India. 

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