For Indian travellers heading to Europe, making payments could become easier in the future as India explores wider acceptance of its Unified Payments Interface (UPI) across international markets. During Commerce and Industry Minister Piyush Goyal’s recent visit to Europe, India and Spain agreed to move ahead with technical discussions on enabling interoperability between UPI and…
With the July 31 income tax return (ITR) filing deadline approaching, many salaried taxpayers must be reviewing the exemptions reflected in their Form 16 before filing their returns. One such exemption is Leave Travel Allowance (LTA), which allows eligible employees to claim tax relief on certain travel expenses incurred while on leave. However, LTA is…
Public and private sector banks across India will remain closed for up to three days this week due to the weekly Sunday holiday, the fourth Saturday closure and a regional festival. While physical branches will remain shut on these dates, digital banking services will continue to function without interruption. According to the Reserve Bank of…
Investors opting for premature redemption of select Sovereign Gold Bond (SGB) tranches are set to receive ₹14,158 per unit, with those holding SGB 2020-21 Series X earning a gain of nearly 177% over the issue price, excluding the interest paid during the holding period. The Reserve Bank of India (RBI) has fixed the premature redemption…
Gold prices edged lower on Monday (July 20), extending last week’s losses, as rising expectations of higher US interest rates outweighed safe-haven demand triggered by escalating tensions in the West Asia. Silver, however, traded higher in early Asian hours. Spot gold slipped about 0.4% to around $4,000.55 per ounce, while COMEX gold futures for August…
India’s growing pool of family offices and high-net-worth investors is looking beyond traditional investments, with healthcare, longevity and wellness emerging as long-term themes. According to The Indian Family Offices Report 2026 by 1Lattice, an AI and technology-enabled market intelligence and decision support platform, India has more than 300 family offices managing over $30 billion in…
India’s life insurance sector is likely to see significant changes over the next few years, driven by regulatory reforms, evolving customer preferences and technology adoption, according to Edelweiss Life Insurance. The insurer identified five key trends that could shape the industry, including product innovation, wider access, AI adoption, changing savings behaviour and greater focus on…
For generations, Indian women have been known as careful savers. They managed household budgets, built emergency funds and preserved wealth through traditional avenues such as gold and fixed deposits. But that money rarely moved beyond safety. That is changing. Indian women are stepping into equity markets, moving from simply saving money to actively investing it…
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme provides financial assistance to eligible farmer families across India through regular instalments. The money helps beneficiaries meet farming expenses, purchase seeds and fertilisers, and manage other household needs. The Centre has not yet announced the release date for the 24th PM-KISAN instalment. Beneficiaries should keep an eye…
The Association of Mutual Funds in India (AMFI) has revised the standard operating procedure (SOP) for transmitting mutual fund units after the death of an investor, introducing measures aimed at reducing documentation-related delays for nominees and legal claimants. The updated procedure takes effect immediately and has been shared with all asset management companies (AMCs), AMFI…
