After withdrawing the original Income Tax Bill, 2025 due to drafting errors and ambiguities, the Government of India will reintroduce a revised version in the Lok Sabha today. The updated Bill addresses key concerns—particularly around tax refunds, house property valuation, and legislative clarity—with the aim of...
On Monday, India’s benchmark indices saw a modest rebound, with the Nifty 50 rising 0.3% to 24,436.8 and the Sensex gaining 0.31% to 80,108.2 by 10:30 a.m. IST. Gains were led by SBI and Grasim Industries following notably strong quarterly results. Despite this uplift, broader market...
the Securities and Exchange Board of India (SEBI) mandated financial intermediaries—including mutual funds, stockbrokers, PMS, AIFs, RIAs, depositories, and exchanges—to make their digital platforms fully accessible to persons with disabilities (PwDs), aligning with the Rights of Persons with Disabilities Act, 2016. Despite SEBI’s progressive directive, the...
After withdrawing the original Income Tax Bill, 2025 amidst concerns over drafting errors and legal ambiguities, the government is set to reintroduce a revised, refined version to Parliament today (August 11, 2025). Key changes include improved clarity on house property valuation, refund eligibility for late ITR...
Several Indian High Courts have recently invalidated penalty orders issued on the same day a Show Cause Notice (SCN) was served—without providing the accused an opportunity to respond. This recurring judicial intervention reinforces that natural justice (audi alteram partem) is non-negotiable, even when legal deadlines are...
Reserve Bank of India Governor Sanjay Malhotra emphasized that while the Unified Payments Interface (UPI) has delivered transformative results, the cost of sustaining it can’t be ignored. He clarified that, although UPI transactions remain free for users, someone must ultimately bear the operational costs—whether it’s the...
The State Bank of India (SBI) characterizes the RBI’s decision to hold the repo rate at 5.5% as a “technical pause.” With inflation projected to stay below 3% through Q3 FY26 and likely to rise sharply to 4.9% in Q1 FY27, SBI notes that this may...
The Reserve Bank of India (RBI) has granted in‑principle approval to AU Small Finance Bank (AUSFB) to transition from a Small Finance Bank (SFB) to a Universal Bank—making it the first SFB in India to receive such approval in nearly a decade. This marks a pivotal...
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has dismissed recent media speculation that SEBI plans to curb weekly index options expiry contracts, calling such claims “false and speculative.” He reaffirmed the regulator’s intent to push structural reforms in the derivatives market to...
The Indian Finance Ministry has warned of a growing “trade policy dislocation” globally amid escalating geopolitical conflicts, notably in West Asia. These developments have prompted the government to suspend its Medium-Term Expenditure Framework (MTEF) under the FRBM Act for FY 26 due to heightened uncertainty in fiscal...
Mumbai-based fintech platform Fibe (formerly EarlySalary), backed by TPG Rise Fund, is planning an IPO to raise ₹1,000–1,500 crore, targeting a valuation of over US $1 billion by mid-to-late 2026. The move places Fibe among emerging unicorns looking to capitalize on booming digital lending and consumer credit...
Former U.S. President Donald Trump’s threat to impose a 25% tariff on Indian exports is raising alarms across global markets. Experts now recommend Indian investors reassess their portfolio allocations and seek strategic sector tilts to shield against potential volatility in equities, currency, and macroeconomic variables. Tariff...
Despite bold campaign promises and sweeping tariffs, former U.S. President Donald Trump’s ambition to revitalize American manufacturing is faltering. Recent reports highlight that the U.S. manufacturing sector is facing a persistent downturn, marked by weak job growth, declining productivity, and structural limitations. The expectation that tariffs...
India’s retail credit market reached ₹82 trillion in FY 2025, growing at a 15.1% CAGR since FY 2019, and is projected to expand further at 14–16% per annum through FY 2028. Strong demand across housing, auto, credit cards, personal loans, and microloans positions NBFCs to diversify funding sources, deepen...
At its August 6 meeting, the Reserve Bank of India’s Monetary Policy Committee (MPC) unanimously maintained the repo rate at 5.5% and retained a neutral stance. This marks the first pause after three consecutive rate cuts totaling 100 basis points this year. The central bank cited...
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