Indian lenders are shelling out premiums for short-term funds last seen during the Covid-19 crisis, with sluggish deposit growth driving dependence on certificates of deposit (CDs) and pushing borrowings to a record high. Outstanding CDs skyrocketed to a record high of 6.64 trillion rupees ($71.04 billion) as of February 28, registering a staggering jump of…
Bank of Baroda has launched an overdraft (OD) facility linked to UPI for women Self-Help Group (SHG) members, becoming the first bank in the country to operationalise a credit line on UPI for this segment. The facility allows eligible women with Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts to access up to ₹5,000 as an…
As we get older, we develop a deeper appreciation for our bodies. It usually takes a trigger, but most of us begin to eat better, exercise more, and take better care of ourselves. And there isn’t one of us that doesn’t wish we had started sooner. Just like our financial investments, our health compounds over…
In a move that directly impacts salaried individuals ahead of the April 1, 2026, rollout of the new tax regime, the government has notified the Income-tax Rules, 2026, introducing key changes to perquisite taxation and HRA benefits, while also tightening compliance across the broader tax system. The notification completes the legal framework for the implementation…
The Enforcement Directorate (ED) is sending notices to people who purchased property in Dubai using credit cards. According to officials, such transactions may breach provisions of the Foreign Exchange Management Act (FEMA), which governs how Indian residents can send money abroad. Many Indians who bought property in Dubai made their initial payment by either swiping…
With the April 1, 2026, transition to the new tax regime fast approaching, the government has notified the Income-tax Rules, 2026, completing the legislative architecture required to operationalise the Income-tax Act, 2025. The move replaces the decades-old Income-tax Rules, 1962, alongside the Income-tax Act, 1961, marking a structural reset of India’s direct tax framework. The…
The Ministry of Finance has informed Parliament that the Securities and Exchange Board of India (SEBI) has escalated a total of 1,33,000 (1.33 lakh) misleading/manipulative social media contents related to securities to the concerned social media platform providers (SMPPs). The response was given by the ministry to questions raised by MPs Vijay Vasanth and Suresh…
Three CIOs in 10 years have tried to improve the performance of its funds and to lure new investors. Will the fourth one be the charm? Axis Mutual Fund has appointed a new Chief Investment Officer (CIO). Its strategy and product head — R Sivakumar — has been elevated as Chief Investment Officer of the…
India is poised to transition to a new direct tax framework from April 1, 2026, as the Income Tax Act, 2025, comes into effect, replacing the long-standing Income-tax Act of 1961. The move marks a significant shift in the presentation and structure of tax laws, but the core system remains largely the same. The government…
US President Donald Trump’s Truth Social post on Monday, March 23, changed market sentiment on the Wall Street, reinforcing a long-held warning from billionaire investor Ray Dalio: trying to time the market is a losing game. US stock futures surged nearly 1,000 points after Trump announced a five-day pause on planned military strikes against Iranian…
