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IMF slashes global growth outlook on impact of US tariffs

The International Monetary Fund has significantly lowered its global growth forecast for this year to 2.8%, attributing the downturn to the impact of US President Trump’s tariff policies. This revision reflects concerns over trade tensions and their potential to disrupt…

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Donald Trump says he has no plans to fire Fed’s Jerome Powell; market jumps

President Donald Trump has confirmed he will not fire Federal Reserve Chair Jerome Powell, despite days of public criticism over interest rates. This easing of tensions lifted investor sentiment, while Trump hinted at potential tariff cuts in a future China…

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India first to seal trade pact terms with Trump 2.0 as talks set to begin

India and the US have finalized terms for a Bilateral Trade Agreement, marking the Trump administration’s first such framework. The US aims to address trade imbalances and open markets for American goods, focusing on tariff and non-tariff barriers. Both nations…

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Eco has strength to withstand tariff headwinds: RBI report

“Although the dampening global economic outlook could impact India’s economic growth through weaker external demand, the domestic growth engines are relatively less susceptible to external headwinds,” said the report.

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Aditya Birla Money appoints Deloitte Haskins & Sells as statutory auditors for five years

Aditya Birla Money Limited’s Board has approved the re-appointment of Deloitte Haskins & Sells LLP as their Statutory Auditors. Subject to shareholder approval, Deloitte will hold the position for a second term of five years. This term extends from the…

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IndusInd clarifies no forensic audit by EY, bank’s internal department reviewing MFI business

IndusInd Bank clarified on Tuesday that it has not appointed EY for a forensic audit, contrary to media reports. Instead, EY is assisting the bank’s Internal Audit Department in reviewing certain records related to its microfinance business as part of…

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News

  • Income-tax returns: What is assisted filing, who are authorised representatives, eligibility and factors explained

    Income-tax returns: Today we explain what ITR assisted filing is, who is allowed to assist, who is considered authorised representative, the requirements and eligibility criteria and other important factors.

  • ₹14.65 lakh salary? Here's how you can legally reduce your income tax liability to zero under new tax regime

    A ₹14.65 lakh CTC does not necessarily mean you have to pay income tax under the new tax regime. With the right salary structure, employer contributions to EPF and NPS, and the standard deduction, your taxable income can be brought down to ₹11.99 lakh, making you eligible for zero tax liability.

  • Mutual funds holding cash: Is high cash balance a red flag for investors? Experts explain

    Experts suggest that cash holdings should be viewed as a portfolio management tool rather than a buy-or-sell signal. A fund's investment philosophy, portfolio quality, and long-term performance remain far more important than a single percentage shown in the monthly factsheet.

  • EPF vs Labour Codes: If basic pay must be 50%, why is PF capped at ₹1,800?

    Payroll rules are changing in India as EPF vs labour codes reshape salary structures and PF calculations. While basic pay norms rise, EPF contributions remain capped at ₹1,800, impacting take-home pay and retirement planning choices.

  • Are super top-up plans becoming redundant?

    While stacking policies was once the ultimate cost-saving hack for medical emergencies, a shifting market has quietly changed the math for policyholders.

  • 8th pay commission: Visits to Bhubaneswar, Kolkata this week, plans for Railway workers meet in Mumbai — Latest updates

    The 8th pay commission has multiple state visits and other meetings scheduled in July 2026, with plans for more consultations with employee groups, unions and stakeholders across states and union territories in due course.

  • Buying health insurance? One overlooked document can tell you what brochures won’t

    Irdai-mandated product-wise NL-47 disclosures reveal claim settlement, complaint rates, renewals and more, helping buyers compare health insurance plans beyond brochures and marketing claims.

  • DA merger demands: Does salary structure and Dearness Allowance change? Here's what Finance Ministry said on the issue…

    Employee groups are demanding merger of Dearness Allowance with basic pay to increase monthly salary. Here's what the Finance Ministry has clarified about higher basic pay, changes to salary structure and DA…

  • Gold drops 30%, silver plunges 54% — but history shows 2026 correction isn’t the deepest yet

    Gold and silver have fallen sharply from their record highs in 2026, with gold down about 30% and silver by 54%. However, historical cycles show the current declines are not the deepest, and the time correction is still pending. 

  • EPFO's ₹1,800 EPF contribution cap explained: Who benefits more – employees or employers?

    The EPF Scheme, 2026 introduces clearer guidelines on provident fund contributions, capping mandatory payments at ₹1,800 monthly. While employees benefit from increased take-home pay and flexibility, they may risk a smaller retirement fund if they don't opt for additional voluntary contributions.

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