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India eyes fiscal support for domestic EV battery supply chain

India is planning new incentives to boost local production of battery components. This move aims to reduce import dependence for electric vehicle batteries. Discussions are ongoing for tax support and outcome-linked programs. The government is focused on developing domestic supply…

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Gold demand drops 70% after sharp duty hike in India

Demand fell to about 7.5 tonnes in the fortnight ended May 27 from around 25 tonnes a year earlier, according to industry estimates. The government increased the import duty on gold to 15% from 6% with effect from May 13.

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Bank fraud amount surges to Rs 48,021 crore in FY26; digital payment frauds decline: RBI

Fraud cases under the card, internet and digital payments category fell to just 293 cases from 13,332 in FY25 and 28,836 in FY24. The amount involved in such frauds also declined sharply to Rs 29 crore in FY26 from Rs…

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RBI’s currency printing cost falls 23.5% in FY26 despite rise in cash circulation

Reserve Bank of India’s currency printing costs dropped significantly in 2025-26. This occurred even as the total value of banknotes in circulation increased. The Rs 500 note remains dominant. Cash preference persists in India. The e-rupee’s circulation also saw a…

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RBI issued 64 draft master directions across 9 supervisory areas in FY26

The annual report further showed that the RBI issued 1,214 circulars during FY26 across banking regulation, supervision, financial markets, payments systems and foreign exchange management.

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RBI sees India's growth resilient at 6.9 pc in FY27 despite West Asia conflict risks

India’s economy is expected to remain resilient in 2026-27 despite rising geopolitical tensions and inflationary risks emanating from the West Asia conflict, the Reserve Bank of India (RBI) said in its Annual Report 2025-26.

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News

  • EPFO mandates PF, pension claim settlement within 20 days — What to do if it's delayed?

    EPFO employees will experience faster settlements for provident fund, pension, and insurance claims, with a 20-day processing rule. Delays incur a 12% penal interest. Here's how employees can submit their complaints. 

  • EPF interest credit delayed? What it means for your savings

    EPFO members have begun receiving the annual interest of 8.25% for FY2025-26 in their provident fund accounts, starting July 15. Interest is credited annually, and updates may take time to display, but any delays do not affect the amount earned.

  • Gifting money to your spouse? Here's when tax applies and who pays it

    Transferring money to a low-income spouse to reduce tax liability can backfire, as income may be taxed in your hands under clubbing provisions if invested. Details here.

  • EPF withdrawal tax rules explained: When your corpus is tax-free, when it is taxable and how TDS works

    EPF withdrawals are tax-free if an employee completes five years of continuous service. Withdrawals before five years may be taxable, except in certain cases such as ill health or employer closure. TDS rules depend on the withdrawal amount. 

  • REITs vs REIT mutual funds vs physical property: A complete guide to capital gains tax, TDS and post-tax returns

    The same real estate exposure can result in different post-tax returns. REIT mutual funds and listed REITs offer a shorter holding period for long-term capital gains than direct property, while differences in income taxation and TDS can further impact investor returns.

  • ITR filing deadline nears: Why the 31 July deadline is more important than you think

    Missing the ITR due date can have consequences beyond a late filing fee. Delayed filing may lead to interest on unpaid taxes and the loss of key tax benefits, such as carrying forward capital losses. Knowing the applicable deadline can help taxpayers avoid unnecessary costs.

  • No international mutual funds left for fresh SIPs after Baroda BNP Paribas Aqua FoF closure: What investors can do now?

    Indian investors no longer have any international mutual fund open for fresh SIPs after Baroda BNP Paribas Aqua FoF stopped accepting new investments. With overseas investment limits restricting fund houses, investors are left with alternatives like international ETFs or direct overseas investing. 

  • Income Tax e-filing login FAQs: Answers to common questions on PAN, Aadhaar, OTP, passwords and more

    Taxpayers can log in to the Income Tax e-filing portal through multiple methods, even without their registered mobile number. While Aadhaar linking is not mandatory for login, it enables full access to portal services. Accounts are locked after five failed login attempts as a security measure.

  • Should you break an FD or take a loan against it when you urgently need money? Experts explain

    Need urgent cash? Check whether breaking a fixed deposit or taking a loan against an FD is the better option. Compare costs, penalties, interest rates and repayment factors to make a smarter financial decision while protecting your long-term savings.

  • Social security: Want to register on e-Shram portal? Here's how unorganised workers can sign-up, top FAQs answered

    Social security: Over 31.78 crore unorganised workers are registered on e-Shram porta till July 2026. Today, we take a look at how you can apply, the eligibility criteria and most frequently asked questions…

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