Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising prices. Banks and NBFCs saw significant growth in consumer durable loans. Financing now accounts for a larger share of smartphone…
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Union Finance Minister Nirmala Sitharaman on Tuesday called on the Indian toy industry to set more ambitious export goals, saying India has the capability to capture a much larger slice of the projected USD 179 billion global toy market by…
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The Institute of Chartered Accountants of India’s networking guidelines have been put on hold. Influential Big 4 firms lobbied the government against these new compliance rules. The guidelines introduced onerous compliance and penal provisions for local audit firms. The Ministry…
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The National Financial Reporting Authority (NFRA) has initiated its investigation into the alleged financial misstatement case involving Rajesh Exports, with Chairman Nitin Gupta confirming that the audit regulator has begun its process following a referral from the Securities and Exchange…
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Existing tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be processed under the new law. Lower or nil TDS certificates issued previously remain protected and valid. New applications…
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Earlier, the Statistics Ministry constituted a Technical Advisory Committee on ISP (TAC-ISP) in May 2025 under the Chairpersonship of Debjani Ghosh, Distinguished Fellow, Niti Aayog.
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