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India’s direct tax collections double as incomes rise, compliance grows

India’s total gross direct tax collections (before adjusting for refunds) have more than doubled in the last five years, reflecting the high economic growth and improved tax compliance in the country, which has been encouraged with the introduction of the…

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No GST on UPI transactions: Govt clarifies in Rajya Sabha

The Finance Ministry has clarified that there are no plans to impose GST on UPI transactions exceeding Rs 2000. Pankaj Chaudhary, Finance Minister of State, informed the Rajya Sabha about this decision. The GST Council has not recommended any such…

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BYD runs India remotely as China tensions shut out top brass

BYD faces hurdles in India due to strained political ties. Visa issues force executives to meet abroad. Despite this, BYD cars are popular. India rejects BYD’s investment plan. This impacts tariff benefits. Tesla expands in India. BYD relies on its…

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Govt appoints Economic Affairs Secretary Anuradha Thakur to RBI board

The Reserve Bank of India announced the appointment of Anuradha Thakur, the Economic Affairs Secretary, to its central board, succeeding Ajay Seth, who retired on June 30. Thakur, a 1994-batch IAS officer, assumed her role in the Department of Economic…

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Rare earth shortage hits electronic component companies

The ₹22,919 crore scheme aims to create a strong domestic manufacturing ecosystem for a range of components that are fundamental building blocks in nearly all modern electronic devices.

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Influencers, F&O traders among five new professional codes in ITR 3

The Income Tax department has introduced five new professional codes in ITR3, formally recognizing social media influencers, speculative traders, commission agents, and future and options traders as distinct professions. This move aims to improve income reporting accuracy and compliance within…

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Income Tax Rules: 10 common mistakes you must avoid while filing ITR in 2025
You need to mandatorily file your ITR if your total income is over ₹2.5 lakh under the old tax regime. For the new tax regime, the requirement is an income of ₹3 lakh and above.
PF rules: How does employer contribution in EPFO work? Explained in five points
As per PF rules, both employees and employers are mandated to contribute a certain amount of the basic salary towards EPFO to boost retirement savings. However, the components of employer contribution is not the same as those of the employees.
Wealth management is changing. How the next generation of financial advisors can thrive.
The financial advice industry will look different in 2030 and beyond. Understanding how it is changing is crucial for younger financial services professionals.
Govt to call financial bids for IDBI stake sale by Oct-Dec: Divestment secy
The IDBI Bank sale is being jointly executed by the central government and LIC, which together own more than 94% of the bank. The proposed transaction involves offloading a 60.72% stake in total. The IDBI Bank stake sale is expected to fetch about  ₹50,000 crore for the government and LIC.
3 easy ways to improve your credit score before applying for a personal loan
Credit score: If you are planning to apply for a personal loan online soon, these are the three straightforward actions which you can take to improve your credit profile.
Income Tax: Avoid these 4 common mistakes that taxpayers make while filing ITR
ITR Filing: Taxpayers should avoid making these mistakes while filing their income tax return.
Son of Sardaar 2: Surprising money lessons on dealing with tariffs
Ajay Devgn plays a simple Sardaar whose wife, living in Scotland, wants a divorce just as he arrives with a visa. Heartbroken, he stumbles into a chaotic and humorous journey involving patriotic gangsters and wedding dancers, blending comedy with unexpected twists.
5 key benefits of credit cards you should know before applying
Credit cards offer numerous benefits including building credit scores, earning rewards, providing financial flexibility, enhancing security, and granting emergency credit across the nation’s financial landscape.
Mutual Funds: 10 new fund offers (NFOs) open for subscription in August—should you invest?
New Fund Offers: The new schemes range from a multi-asset allocation fund to an equity savings fund, a momentum fund, and a special opportunities fund.
ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users
The private lender has sent letters to payment aggregators such as Google Pay, Phone Pe, Mobikwik and RazorPay, informing them of its decision to levy a fee for UPI services, say media reports.