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Why are central banks buying more gold? Here's what it means for the global economy

Central Banks and Gold: Central banks globally are buying gold at a record pace. This trend is driven by geopolitical risks and inflation concerns. Gold offers diversification and a hedge against currency devaluation. Many nations are also bringing their gold…

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House panel seeks periodic review of competition law framework, cites repeated violations of rules

A parliamentary panel recommended reviewing competition law for the digital sector. It called for vigorous enforcement of monetary penalty guidelines by the CCI. The panel also stressed a transparent methodology for calculating penalty amounts. Adequate protection for small businesses from…

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Purple Finance to acquire Saksham Gram Credit for rural expansion

Purple Finance plans to acquire Saksham Gram Credit to enter rural markets. The non-banking financial company also secured Rs 108 crore in equity funding. This acquisition will expand Purple Finance’s distribution network into southern India. Saksham Gram Credit offers microfinance…

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'Redevelopment agreement not a property receipt, so not taxable': ITAT

Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer’s appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property…

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EbixCash becomes first non-bank entity to get RBI nod for trade remittances

EbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This licence allows the company to handle trade and family remittances, previously a bank-dominated segment. The expanded powers enable EbixCash to directly serve small and medium…

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Centralised GST administration can cut duplicate audits, compliance costs; Centre State jurisdiction key, say experts

Tax experts say a PAN level administrative framework could bring greater consistency to audits and tax positions for multi state businesses, but caution that the model must preserve State oversight, avoid overlapping powers and be backed by a unified digital…

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Income-tax penalty over ₹3.71 lakh political donation deduction: ITAT Ahmedabad deletes ₹2.31 lakh penalty
ITAT Ahmedabad has deleted a ₹2.31 lakh income-tax penalty imposed on a taxpayer over a ₹3.71 lakh political donation deduction claimed under Section 80GGC. The tribunal said the tax department failed to clearly establish how the claim amounted to under-reporting or misreporting of income.
Income tax disputes: Govt drops 23,467 appeals under higher tax-effect limits; what taxpayers need to know
The Income Tax Department has withdrawn 5,978 appeals and not filed another 17,489 after higher monetary limits were introduced for departmental tax appeals. Here’s what the ₹60 lakh, ₹2 crore and ₹5 crore thresholds mean for taxpayers and pending income-tax disputes.
Paying rent using a credit card? These common mistakes could lower your CIBIL score
Using a credit card for rent payments can offer convenience and rewards but may incur significant costs. Here's what you need to know before considering it.
Sebi proposes major overhaul of settlement rules; fast-track route for cases up to ₹10 lakh
The proposals include removing an additional 20% settlement charge in certain cases involving multiple proceedings and introducing a fast-track mechanism for settlements of up to ₹10 lakh
West Bengal to implement Ayushman Bharat, Mukhyamantri Swasthya Bima Yojana from August 16 — Here's all we know
West Bengal government is set to implement the Centre's health insurance scheme Ayushman Bharat and state's cashless coverage scheme Mukhyamantri Swasthya Bima Yojana from August 16. Here's all we know… 
8th Pay Commission: Eligibility criteria, essential qualifications for consultants; check what's changed
The 8th Pay Commission has updated guidelines on eligibility criteria and essential qualifications for vacancies of its contract-based consultant roles. Here's a look at what has changed for the applicants.
‘Think early retirement is boring? Try…’: Pro-FIRE user’s post sparks debate; social media reacts
Finance commentator Seb's FIRE Journey ignites online debate over early retirement versus corporate life. Many agree that a lengthy commute and dull meetings can overshadow the perceived boredom of retirement.
Gen Z’s ‘YOLO’ image doesn’t match its bank account: Where young Indians are actually spending their salaries
Gen Z's budget is far more practical than flashy. A staggering 70% of a young professional's monthly budget is swallowed up by just five core categories — Bills, subscriptions & more
NSC for NRIs: Can non-resident Indians invest in National Savings Certificate and claim tax benefits?
Investments in NSC start at ₹1,000 with no upper limit. NSC qualifies for Section 80C tax deductions for resident investors. Premature encashment is allowed under specific circumstances, like the account holder's death or court orders.
DA hike: Minimum pension, variable DA, EPF ceiling increases — Trade union BMS to hold demonstrations on 17 August
Trade union, the Bharatiya Mazdoor Sangh (BMS), said it will hold nationwide demonstrations on 17 August over long-pending workers' issues. Demands include Minimum pension, variable DA, and EPF ceiling increase.