The 8th Pay Commission has announced that it will visit Bhubaneswar, Odisha, on July 6 and 7 as part of its ongoing consultation process with stakeholders connected to the central government. The announcement was made through an official notification issued on May 26 by the commission functioning under the Ministry of Finance. During the visit,…
India’s retail credit market maintained strong growth momentum in FY26, driven by rising loan sourcing, broad-based expansion across segments, and improving asset quality, according to Experian’s latest Industry Insights report. The report shows that Assets Under Management (AUM) in India’s retail credit market reached ₹137 lakh crore in March 2026, up 19% year-on-year. New loan…
HDFC Multi-Asset Active Fund of Funds, managed by HDFC Asset Management Company Limited HDFC Asset Management Company, has generated an annualised return of 13.66% since inception, turning an investment of ₹10,000 into ₹18,945, according to a press release. The scheme, part of HDFC Mutual Fund HDFC Mutual Fund, was launched in May 2021 and follows…
NPCI Bharat BillPay Limited (NBBL) on Wednesday (May 27) said its e-challan payment category on Bharat Connect has crossed one million transactions, with total payments exceeding ₹60 crore. The company said the service is currently live in Andhra Pradesh, Telangana, Gujarat, Himachal Pradesh and Delhi, allowing users to view and pay traffic challans through the…
The Income Tax Department has enabled online filing and the Excel utility for ITR-2 for the assessment year 2026-27 on the e-filing portal, allowing eligible taxpayers to begin filing their income tax returns. In a post on X, the department said, “Kind Attention Taxpayers! Online filing and Excel Utility for ITR-2 for A.Y. 2026–27 are…
Social Security payments for May 2026 are being sent out today, Wednesday, May 27, as the Social Security Administration (SSA) completes its final monthly payment cycle. The payments are part of the federal Old-Age, Survivors and Disability Insurance (OASDI) programme in the United States, which provides financial support to retirees, disabled workers, survivors, spouses and…
Himalaya Wealth Managers LLP has launched a SEBI-registered Category I Alternative Investment Fund (AIF) focused on small and medium enterprises (SMEs), with a target corpus of ₹250 crore and a green shoe option of another ₹250 crore. Named Himalaya SME Scheme-I, the fund will invest in growth-stage SMEs across sectors such as aerospace and defence,…
The Indian Railway Technical Supervisors’ Association (IRTSA) has proposed a multi-layered salary revision framework under the 8th Pay Commission, seeking higher fitment factors, faster career progression and a separate pay structure for technical railway staff. According to a copy of the association’s memorandum submitted to the 8th Pay Commission and shared with the Railway Board,…
Thomas Cook (India) Limited and Atlys has announced a strategic partnership to integrate foreign exchange services into the visa application process for outbound travellers. Under the arrangement, customers applying for international visas on the Atlys platform will be able to access forex services offered by Thomas Cook India within the same workflow. The integration is…
Capital gains taxation continues to play a key role in shaping real estate investment decisions in India, influencing asset allocation, holding periods, and reinvestment strategies across residential and commercial segments, according to industry participants. The structure of current tax rates, introduced through recent budget changes, has also added to the recalibration of investor behaviour, particularly…
