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Why India Inc CFOs need to become new chief business and future officers

Chief Financial Officers in India are adapting to a more strategic role. They are becoming co-pilots to CEOs, driving transformation and tracking numbers. Adaptability and business leadership are key traits for the new-age CFO. They are uniquely positioned to contribute…

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Govt tracks GST rate cut benefits, field reports due by September end

The central government is checking if companies are giving Goods and Services Tax benefits to buyers. Field reports will decide enforcement after September. Over 50 products are under review. Tax cuts reflect in almost 90 per cent of sectors. An…

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GST 2.0 for hotels: Complex realities for businesses demanding smart strategies

India’s hospitality sector is poised for growth with reduced GST rates on hotel accommodations up to Rs 7,500, effective September 2025. While consumers benefit from lower taxes, hotels face challenges due to the denial of Input Tax Credit, requiring careful…

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India’s duty-free liquor sales outpace domestic market with 13% growth in 2024

Liquor sales at Indian airports are booming. Duty-free and travel retail saw 13% growth, outpacing domestic beverage sector. Whisky dominates, growing 12%. Passenger numbers are expected to rise. Global travel retail is vital for drinks companies. India’s middle class and…

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‘Double standards evident’: EAM Jaishankar takes a shot at US over Russian oil; sends big message on terror

S Jaishankar addressed the G20 Foreign Ministers’ meeting, criticizing double standards in energy purchases, particularly regarding Russian oil, and emphasizing the need for dialogue and diplomacy to address global conflicts. He highlighted the impact of conflicts in Ukraine and Gaza…

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Vodafone Idea AGR dues case adjourned again; Supreme Court sets next hearing for October 6

The Supreme Court will hear Vodafone Idea’s plea against the Department of Telecommunications’ demand for additional adjusted gross revenue dues. The hearing is scheduled for October 6. Vodafone Idea is challenging the demand of ₹9,450 crore. The company seeks to…

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  • ₹3,000 pension won't block parents' medical reimbursement for Haryana govt employees, High Court rules

    The Punjab and Haryana High Court has ruled that Haryana government employees cannot be denied medical reimbursement for dependent parents solely because they receive a ₹3,000 monthly old-age pension, directing authorities to release admissible claims within two months.

  • NRI's ₹3.41 crore FCNR deposits flagged as unexplained money after tax officer mistook yen for rupees, ITAT gives relief

    An NRI won relief from a ₹3.41 crore income tax addition after ITAT Jaipur found that the assessing officer had mistaken Japanese yen figures for rupees. Bank records established the source of her FCNR deposits, prompting deletion of the addition.

  • Want to retire early? How to split ₹1 lakh in monthly investments between short-term goals and FIRE, expert explains

    Early retirement requires balancing short-term financial goals with long-term wealth creation. Expert explains how to allocate ₹70,000 or ₹1 lakh in monthly investments towards FIRE, account for inflation and choose an appropriate equity-debt mix to build a retirement corpus.

  • FD maturity mistake: Fixed deposit matured but you forgot to withdraw money? What happens to your amount? Renew or not?

    When a fixed deposit matures, its payout depends on the depositor’s instructions and the bank’s rules. Here are your options and whether you should renew or not.

  • Best-performing SIFs: Quant leads hybrid long-short funds with 25.5% returns in 6 months; check how peers performed

    Quant Mutual Fund’s QSIF Hybrid Long-Short Fund returned 25.5% in six months, ahead of Aditya Birla Sun Life Mutual Fund’s Apex at 6.78%. QSIF also led over three months and since inception.

  • Train ticket insurance from October 27: Is it mandatory, what is the current premium, coverage and claim process?

    The Supreme Court has directed Indian Railways to provide mandatory travel insurance for all tickets sold at station counters from October 27, 2026. Details here.

  • Flat sold 10 days after registration: How an allotment letter helped an NRI claim long-term capital gains tax benefits

    An ITAT Surat ruling held that an NRI's property holding period began with the 2011 allotment letter, not registration in 2016. The decision highlights why allotment documents matter when determining long-term capital gains tax on property sales.

  • DA hike before Diwali 2026: How much extra salary could central government employees get if DA rises to 63%?

    Central government employees could get a festive-season salary boost if the Centre approves a DA hike from 60% to 63%. Here’s how much extra monthly salary and July arrears employees could receive across different basic pay levels, and what remains unconfirmed.

  • EPFO scheme offers up to ₹15,000 to first-time employees: Check eligibility, salary limit and payment rules

    Eligible first-time employees can receive up to ₹15,000 under the EPFO-linked PM-VBRY scheme. Check the salary limit, joining dates, EPF membership rules, six- and 12-month service requirements and the financial literacy course needed for the second instalment.

  • Failed UPI, ATM or card payment? Here's when you'll get ₹100 per day for a delayed refund — Key RBI rules explained

    Failed UPI payments, unsuccessful ATM withdrawals and other payment errors can qualify for ₹100 per day in compensation if refunds exceed RBI's prescribed deadlines. Know the T+1 and T+5 rules, how turnaround time is calculated and what to do if your refund is delayed.

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