A PAN card is one of the most important financial documents for taxpayers in India. It is required for filing Income Tax Returns and is also used for many banking and financial activities. If you received your PAN card on or before July 1, 2017, you must link it with your Aadhaar card. This process…
The Income-tax Act, 2025 replaced the six-decade-old Income-tax Act, 1961 from April 1, 2026. While the new law applies to tax year 2026-27 onwards, not every pending proceeding has shifted to the new regime. The transition is governed by Section 536 of the Income-tax Act, 2025, which contains the repeal and savings provisions. To remove…
The state-owned TASMAC, a monopoly in selling liquor in Tamil Nadu, has proposed to regularise the services of over 23,000 contract workers employed at its retail outlets, with a salary hike. Speaking to reporters at the State Secretariat, K Vignesh, Minister for Prohibition and Excise, said the salary hike will come into effect from August…
Employees of Central Autonomous Bodies (CABs) covered under the National Pension System (NPS) will now have access to two additional investment choices, a move aimed at giving them greater flexibility to align their retirement savings with their risk appetite. The Department of Expenditure, under the Ministry of Finance, has extended to CAB employees the additional…
Hong Kong has begun trial operations of a new central gold clearing and settlement system, marking a major step in its effort to become a global hub for gold trading and storage. The initiative is accompanied by a broader plan to deepen links with mainland China’s bullion market, expand gold storage capacity, launch new benchmark…
Outstanding loans extended by non-banking financial companies (NBFCs) against gold jewellery surged 69.9% year-on-year in May 2026, making it the fastest-growing lending segment, according to data released by the Reserve Bank of India (RBI) on Tuesday (July 7). Outstanding gold loans stood at ₹3.29 lakh crore at the end of May, up from ₹1.94 lakh…
Gold prices fell on Wednesday (July 8), extending losses to their lowest level in nearly a week, while silver also traded lower, as a stronger US dollar and rising oil prices dampened demand for precious metals. On the COMEX, gold futures were down 0.89% at $4,120.20 an ounce, while silver futures fell 1.27% to $60.55…
Employees’ Provident Fund (EPF) subscribers will now have to use the government’s Unified Mobile Application for New-age Governance (UMANG) app to activate their Universal Account Number (UAN) or generate a new UAN, following a major technology upgrade by the Employees’ Provident Fund Organisation (EPFO). The services are no longer available on the EPFO Unified Member…
For investors who cannot stomach equity market volatility, liquid funds should be the starting point, according to Tarun Birani, Founder & CEO at TBNG Capital Advisors. “Start with liquid funds,” Birani said, describing them as the lowest-volatility category with maturities of less than 91 days that track money market rates. He said liquid funds carry…
HDFC Bank has updated its Marginal Cost of Funds-based Lending Rate (MCLR), with the revised rates taking effect from July 7. The bank has reduced the overnight MCLR by 5 basis points (bps), while raising the one-year and three-year MCLRs by 5 bps each. One basis point equals 0.01 percentage point. Following the revision, HDFC…
