Business Finance

Panel Clears Income Tax Bill With 285 Changes

By BPN News Desk
The Parliamentary Standing Committee has approved the Income Tax Bill, 2025 with a total of 285 suggested changes, aiming to simplify tax procedures, reduce litigation timelines, and improve overall compliance. The bill is set to be introduced in the upcoming Monsoon Session of Parliament, with implementation targeted for the next financial year. One of the […]
Business Finance

UPI‑PayNow Links 19 Banks for SG Transfers

By BPN News Desk
The National Payments Corporation of India (NPCI) has expanded the UPI‑PayNow facility by adding 13 more Indian banks to its international remittance network. With this update, a total of 19 Indian banks can now facilitate real-time cross-border fund transfers between India and Singapore. Real-Time Transfers Made Easier The UPI‑PayNow integration allows Indian residents to
Business Markets

Asian Markets Slide Amid US Inflation Worries

By BPN News Desk
Asian stock markets declined on Wednesday following the release of stronger-than-expected US inflation data, which dampened hopes of an early interest rate cut by the Federal Reserve. Japan’s Nikkei 225 slipped 0.3%, while Hong Kong’s Hang Seng Index also lost 0.3%. Markets in South Korea, Australia, and China saw marginal losses. The US dollar strengthened, […]
Business Finance

PSBs’ Sub‑Prime Lending Rises With Govt Backing

By BPN News Desk
Public sector banks (PSBs) in India are seeing a steady rise in sub‑prime lending, driven by increased reliance on government-backed credit guarantee schemes. These loans are primarily extended to micro, small, and medium enterprises (MSMEs), startups, and low-income individual borrowers who typically lack sufficient collateral or formal credit history. Credit Confidence
Business

Pune’s Cafe Goodluck Licence Suspended

By BPN News Desk
Pune’s iconic Cafe Goodluck has had its food licence temporarily suspended by the Maharashtra Food and Drug Administration (FDA) following a viral video in which a plastic or glass piece was found in a bun maska. The clip, shared online by a customer, prompted immediate health inspections. Inspection Uncovers Hygiene Violations FDA inspectors visited the […]

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