As the income tax return (ITR) filing season begins, many self-employed professionals may be eligible to use the presumptive taxation scheme under Section 44ADA of the Income Tax Act, a provision designed to simplify tax compliance for certain categories of professionals. The scheme allows eligible taxpayers to declare 50% of their gross receipts as taxable…
Gold and silver prices traded lower on Wednesday (June 3) as renewed tensions in the West Asia pushed crude oil prices higher, raising concerns that inflation could remain elevated and keep interest rates higher for longer. COMEX gold fell 0.38% to $4,502.90 per ounce, while COMEX silver declined 0.74% to $75.00 per ounce in early…
India has tightened restrictions on silver imports by bringing grain, powder and other high-purity forms of the metal under a stricter regulatory framework and mandating prior valid import authorisation, in a move aimed at curbing surging shipments and easing pressure on the rupee. Under the revised rules, imports of silver in grain, powder, unwrought and…
Indian travellers are becoming more confident about overseas trips, but managing money abroad remains their biggest source of anxiety, according to a new study by Wise, a global financial technology company. The Passport & Paisa: India Travel Money Report 2026 found that nearly 78% of Indians plan to increase international travel spending following the recent…
NPCI International Payments, the international arm of National Payments Corporation of India, in partnership with ACLEDA Bank Plc., has launched acceptance of India’s Unified Payments Interface (UPI) in Cambodia via KHQR, the country’s national QR code system. The rollout was formally inaugurated in Phnom Penh in the presence of Chea Serey, Governor of the National…
Small-cap investing may require a more tactical approach than a traditional buy-and-hold strategy, according to a new report by Share.Market by PhonePe, which found that the segment’s long-term return advantage over large-cap stocks has been relatively modest despite significantly higher risk. The platform’s latest CRISP Mutual Fund Scorecard, based on an analysis of 20 years…
Fintech company BharatPe has launched a new credit-on-UPI product, BharatPe Flex, in partnership with YES Bank, allowing eligible users to make UPI payments using a pre-approved credit line instead of directly debiting their bank accounts. The facility enables users to pay through existing UPI channels, including QR-code payments at stores, online purchases, utility bill payments,…
PB Wheels, a car maintenance services platform under the PB Fintech group, has launched a complimentary emergency roadside assistance service for car owners across Delhi-NCR, including those who are not customers of the company. PB Fintech rolls out complimentary car breakdown support for motorists in Delhi-NCR The service, accessible through a dedicated helpline, is aimed…
HSBC Mutual Fund on Tuesday (June 2) announced the launch of the RedHex Hybrid Long-Short Fund, a strategy under the Specialised Investment Fund (SIF) category, with the new fund offer (NFO) open from June 2 to June 16. The fund will invest across multiple asset classes, including fixed-income securities, equity arbitrage opportunities, and units of…
The 8th Central Pay Commission (CPC) has extended the deadline for submitting memorandums and suggestions to June 15, giving government employees, pensioners and other stakeholders additional time to place their demands before the panel finalises its recommendations. In a notice, the Commission said the last date for submission of memorandums now stands extended to June…
