The Reserve Bank of India’s same-day cheque clearance framework will proceed as planned, with banks clearing cheques within three hours starting January 2026. This second phase aims to enhance operational efficiency for businesses still utilizing cheques, despite some initial glitches…
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The Reserve Bank of India has appointed two new Executive Directors. Sanjay Kumar Hansda and Sonali Sen Gupta will take up their new roles soon. Gupta will oversee consumer education, financial inclusion, and inspection departments. Hansda will manage economic and…
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UK Prime Minister Keir Starmer welcomes Indian talent. This, along with UK universities opening campuses in India, is drawing more Indian students. Demand for STEM and tech courses is rising. Many students are now considering leading UK schools. This trend…
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The chartered accountants’ apex body is set to propose financial and regulatory measures to help Indian Multi-Disciplinary Partnership (MDP) firms scale globally, leveraging government support and free trade agreements. How will it enable funding for MDPs? What regulatory reforms are…
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The chartered accountants’ body is in discussions with 10 companies developing India’s homegrown Large Language Model (LLM) to provide verified financial data. How will ICAI ensure compliance with the DPDP Act? Which datasets will be shared? What is the timeline…
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Pal was taken into custody on Friday night under the Prevention of Money Laundering Act (PMLA) following a round of questioning by the agency. He is expected to be produced before a special court on Saturday, where the ED will…
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