The cancellation of the banking licence of Paytm Payments Bank Limited by the Reserve Bank of India has raised immediate questions for millions of users. While the regulator has moved to wind up the bank, it has also made clear that depositors’ interests are protected and that an orderly exit process is underway. What the…
The government has outlined a payment framework for Fixed Medical Allowance (FMA) to pensioners and family pensioners covered under the National Pension System (NPS), with a fresh Office Memorandum issued by the Central Pension Accounting Office (CPAO). The move standardises how eligible retirees receive medical support, shifting the process toward automated, bank-led disbursal and reducing…
Gold and silver prices opened the week on a weaker note, pressured by a firm US dollar and rising crude oil prices, as investors recalibrated expectations around inflation and interest rates amid ongoing geopolitical tensions. Spot gold eased about 0.3% to near $4,694 per ounce, while COMEX gold futures hovered at $4,713 an ounce, down…
The Income-tax Department has introduced Form No. 128, replacing the earlier Form 13, as part of the transition to the Income-tax Act, 2025. The form enables taxpayers to seek relief from standard tax deduction or collection rates by applying for a lower or nil rate certificate. Here’s how the process works and what has changed….
Usage of reward points in India is evolving, with consumers integrating them into everyday transactions rather than limiting them to occasional or high-value redemptions. The shift reflects a broader trend toward real-time usage of loyalty benefits across routine spending categories. Amit Koshal, Co-founder and CEO of TWID, said the change is being driven by a…
Property ownership in India involves more than purchasing and registering an asset. According to real estate and fintech experts, it also depends on maintaining consistent documentation and records across payments, approvals, and transactions. With digitisation expanding across property-related services, the focus is shifting toward verification, traceability, and compliance readiness. Why property-related records are important Sanjay…
Gold and silver prices declined in Indian futures trade on Friday (April 24), tracking weakness in global markets as a stronger US dollar, rising crude oil prices, and ongoing geopolitical tensions pressured sentiment across precious metals. Gold futures on the Multi Commodity Exchange (MCX) for June delivery fell ₹462, or 0.3%, to ₹1.51 lakh per…
Gold premiums in India climbed to their highest in over two-and-a-half months this week, as supplies tightened, while buying interest picked up in China. Indian banks were forced to halt gold and silver imports earlier this month after the government delayed an authorisation order, leaving tons of bullion stranded at customs. While the order was…
Policybazaar has expanded its operations in GIFT City, strengthening its focus on investment-linked insurance products for non-resident Indians (NRIs) and scaling up its reinsurance-related activities in India’s International Financial Services Centre (IFSC). The company said its GIFT City platform now serves NRIs across more than 35 countries, offering US dollar-denominated investment-linked insurance solutions through a…
Systematic investment plans (SIPs) in Canara Robeco Mutual Fund’s Canara Robeco Conservative Hybrid Fund have turned a total investment of ₹28 lakh—made through monthly contributions—into ₹86.73 lakh since inception, delivering an XIRR of 8.65%, according to data released by the fund house as the scheme completes 38 years on April 24. The SIP illustration is…
