RBI Empowers Minors Aged 10+ to Independently Operate Bank Accounts

By BPN News Desk April 22, 2025

Business Finance

In a major step towards promoting early financial literacy, the Reserve Bank of India (RBI) has allowed minors aged 10 years and above to independently open and operate their own savings and term deposit accounts. This progressive move aims to instill financial discipline and awareness among

Business Finance

Enforcement Directorate to Restitute ₹15,000 Crore to Fraud Victims in 2025-26

By BPN News Desk April 21, 2025

In a significant move aimed at bolstering financial justice, the Enforcement Directorate (ED) has announced plans to restitute ₹15,000 crore worth of assets to victims of financial fraud during the fiscal year 2025-26. This initiative underscores the agency’s commitment to returning ill-gotten gains to those adversely affected by economic crimes. ED Asset Restitution

Business Finance

CBIC Launches Crackdown on Suspicious GST Registrations, Strengthens Indirect Tax Enforcement

By BPN News Desk April 19, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has launched a nationwide crackdown on suspicious GST registrations and non-compliant taxpayers in a renewed push to curb tax evasion and improve the integrity of India’s indirect tax system. The move comes amid rising concerns over the misuse of fake invoices and fraudulent input tax credit […]

Business Finance

Centre Clarifies: No GST on UPI Payments, Digital Transactions Remain Tax-Free

By BPN News Desk April 19, 2025

The Central government has officially clarified that there is no Goods and Services Tax (GST) levied on Unified Payments Interface (UPI) transactions or any other form of digital payments. This statement comes in response to widespread confusion and social media rumors claiming that UPI payments could soon attract indirect taxes. The clarification was issued by […]

Business Finance

India Allows Bad Loan Securitisation to Deepen Junk Debt Market

By BPN News Desk April 17, 2025

In a bold regulatory shift, India has introduced a framework allowing the securitisation of bad loans, aiming to deepen its junk debt market and attract new investor participation. This move marks a significant development in the country’s ongoing strategy to manage its massive pool of non-performing assets (NPAs) while revitalizing debt markets. What the New […]

Business Finance

Higher GST on Hotel Dining: Impact on Consumers and Industry

By BPN News Desk April 9, 2025

Starting April 1, 2025, a new Goods and Services Tax (GST) structure will come into effect for restaurant services offered within hotels. Under the revised system, hotels with room tariffs exceeding ₹7,500 per night will charge 18% GST on food and beverage services, but will also be allowed to claim Input Tax Credit (ITC). This […]

Business Finance

Rising Debt Levels Among India’s Middle Class: A Growing Concern

By BPN News Desk April 7, 2025

India’s middle class is increasingly falling into a debt trap, with a growing number of households relying on loans not just for investments or emergencies, but for daily survival. Approximately two-thirds of middle-income families have taken personal loans, many juggling multiple high-ticket credit liabilities such as credit cards, BNPL schemes, and unsecured EMIs. This

Business Finance

Rising Health Insurance Costs and GST Prompt Indians to Drop Coverage

By BPN News Desk April 6, 2025

A growing number of Indians are stepping away from the safety net of health insurance as rising premiums, steep Goods and Services Tax (GST), and inconsistent claim approvals make coverage increasingly unaffordable and unreliable. This shift signals a troubling trend in a country where healthcare expenses are on the rise, and insurance should ideally act […]

Business Finance

CBDT Recovers ₹92,400 Crore in Outstanding Taxes Ahead of Fiscal Year-End

By BPN News Desk April 1, 2025

The Central Board of Direct Taxes (CBDT) has recovered ₹92,400 crore in outstanding taxes up to March 15, 2025, in a major push to meet revenue targets before the financial year ends. This aggressive recovery drive has brought in ₹67,711 crore from corporate tax dues, ₹23,536 crore from personal income tax, and ₹1,100 crore from […]

Business Finance

Nirmala Sitharaman to Launch NITI-NCAER State Finances Portal

By BPN News Desk April 1, 2025

Finance Minister Nirmala Sitharaman will launch the NITI-NCAER States Economic Forum portal on April 1, a collaborative initiative between NITI Aayog and the National Council of Applied Economic Research (NCAER). This new digital platform is designed to provide extensive access to nearly 30 years of data covering the fiscal, economic, and social landscape across all […]