The number of individuals reporting a gross total income (GTI) of ₹100 crore or more in their income tax returns has increased to 576 in the Assessment Year (AY) 2025-26, according to data shared by the Finance Ministry in Parliament. The government also clarified that there is no statutory definition of the term “billionaire” under…
AU Small Finance Bank has revised interest rates on its Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and Non-Resident External (NRE) fixed deposits, with the move aimed at attracting deposits from non-resident Indians (NRIs). The bank has increased the peak interest rate on FCNR(B) deposits to 7.40% per annum from 7.10% earlier for the 3-4 year…
Paytm has partnered with tax filing platform ClearTax to offer online income tax return (ITR) filing services through its app, with plans starting at ₹11. The service will allow taxpayers to file returns with features such as automated tax data import, broker data integration and assistance in case of income tax notices. The partnership comes…
The Finance Ministry on Monday (July 27) informed Parliament that the government has approved the Reserve Bank of India’s (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations. The ministry said the RBI, with the recommendation of its Central Board, had proposed issuing one billion pieces each of ₹10…
In the mountains, as in investing, the greatest journeys are completed through thousands of small, disciplined steps taken consistently over time. A few days ago, I completed the Kailash Mansarovar Yatra, including the sacred Parikrama on foot. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars…
Investors planning to start a systematic investment plan (SIP) in an international mutual fund may have to wait for now. All international mutual fund schemes are currently not accepting fresh SIP registrations after Baroda BNP Paribas Mutual Fund suspended new SIP registrations in its international fund, according to a report by Value Research. Existing SIPs…
Bank of Baroda has suffered a major cyberattack, with a threat actor releasing nearly 1TB of sensitive customer and internal banking data online for free. Bank of Baroda hit alleged data breach; hacker claims 1TB customer records leaked TripleX, a relatively new hacking group, is believed to be behind the attack, per a dark-web monitoring…
Policybazaar has started offering US dollar-denominated term insurance plans for non-resident Indians (NRIs) through partner insurers operating from GIFT City’s International Financial Services Centre (IFSC), expanding the range of cross-border insurance products available to overseas Indians. The offering allows eligible NRIs to pay premiums and receive claim payouts in US dollars instead of Indian rupees….
Gold and silver prices extended their gains on the Multi Commodity Exchange (MCX) on Monday (July 27), tracking a rally in global markets as easing geopolitical tensions, a weaker US dollar and lower bond yields boosted demand for precious metals. The move comes after signs of de-escalation in the conflict between the US and Iran…
India’s crypto industry could get an interim oversight mechanism if the government accepts a recommendation by the Parliamentary Standing Committee on Finance to allow a recognised Self-Regulatory Organisation (SRO) to oversee the sector until a comprehensive law for Virtual Digital Assets (VDAs) is introduced. The recommendation comes as cryptocurrencies in India operate under a limited…
