India is assessing the feasibility of importing coking coal from Mongolia to diversify its supply sources, even as transport challenges and high freight costs pose significant obstacles. The move comes amid continuing geopolitical...
The government has extended the tenure of the 16th Finance Commission by one month, allowing it time till November 30, 2025, to finalise its recommendations. Chaired by Arvind Panagariya, the Commission is tasked...
The Reserve Bank of India (RBI) has rolled out its Digital Payments Intelligence Platform (DPIP) — an AI-driven system designed to detect and prevent payment frauds in real time. Developed by the RBI’s...
In a major policy move, the Reserve Bank of India (RBI) has removed the $750 million cap on External Commercial Borrowings (ECBs) for non-banking financial companies (NBFCs), allowing them to raise over $1...
The Reserve Bank of India (RBI) has released a draft unified framework for related party lending, expanding its scope to include promoters, key management personnel (KMPs), major shareholders, and their relatives. The move...
The government has placed e-commerce platforms under scrutiny to ensure that the benefits of GST 2.0 rate cuts are passed on to consumers. Following complaints of inadequate price reductions on essentials like shampoo,...
The National Consumer Helpline (NCH) has logged nearly 3,000 complaints related to GST 2.0 tax cuts, according to Consumer Affairs Secretary Nidhi Khare. Issues primarily involve retailers not passing on tax benefits and...
IndusInd Bank is under regulatory and law enforcement scrutiny after its former CFO, Gobind Jain, alleged accounting lapses dating back to 2015 in its derivatives portfolio. Jain claims senior management, including ex-CFO SV...
The Reserve Bank of India (RBI) has imposed a ₹2.7 lakh penalty on Muthoot FinCorp Ltd for failing to comply with directions related to the Internal Ombudsman (IO) framework. An inspection revealed the...
Following the recent GST rate cuts under GST 2.0, the Central Board of Indirect Taxes and Customs (CBIC) has directed officials to track the prices of 54 key items to ensure the tax...
The government has clarified that the latest GST rate cuts under GST 2.0 should be viewed as a structural reform aimed at strengthening India’s tax system, not as a short-term stimulus measure. By...
The Central Board of Indirect Taxes and Customs (CBIC) will hold consultations with industry associations and trade bodies to ensure a smooth rollout of the GST 2.0 reforms. The initiative aims to address...
India’s long-awaited tax reform under GST 2.0 has arrived in the form of a new GST rate card, marking one of the most significant overhauls since the tax’s inception in 2017. The reform...
European Commission President Ursula von der Leyen has called for sanctions and partial suspension of trade with Israel, citing humanitarian concerns over the ongoing war in Gaza. The proposal, if adopted, would mark...
With cyberattacks on financial institutions rising sharply, fintechs and NBFCs are increasingly turning to cyber insurance as a safeguard against operational disruptions, data breaches, and regulatory penalties. Experts note that the surge in...
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