RBI lifts curbs on certain NBFCs after enhanced regulatory compliance.
India partners with the US to produce Stryker combat vehicles and sonobuoys, enhancing defense capabilities.
RBI requires banks to provide fixed interest rate loan options to customers.
In a significant decision, the Supreme Court of India has stayed GST notices amounting to over ₹1 lakh crore issued to several online gaming firms for alleged tax evasion. The court’s interim relief comes as a major reprieve for the industry, which has been under scrutiny for its taxation practices. GST Notices Target Online Gaming […]
Russia and the US cut crude oil exports to India due to increased domestic needs.
India’s digital payment landscape is undergoing a significant transformation, with indigenous platforms like the Unified Payments Interface (UPI) and RuPay gaining prominence. This shift is impacting the market share of global payment giants Visa and Mastercard. Rise of UPI and RuPay UPI, launched in 2016, has become a dominant force in India’s digital payments
India is making significant strides in transforming its tax system by introducing a trust-based tax assessment model. The approach aims to reduce scrutiny, simplify the tax filing process, and foster trust between taxpayers and authorities. This shift aligns with the government’s broader objective of creating a taxpayer-friendly environment while ensuring compliance and
The National Restaurant Association of India (NRAI) has raised allegations against food delivery giants Swiggy and Zomato, accusing them of abusing their dominant market positions. The complaints focus on the platforms’ promotion of their private label food brands at the expense of other restaurants listed on their apps. Allegations of Unfair Practices The NRAI claims […]
The government has clarified that a technical error in data transmission led to the recent inflation in reported gold and silver import figures. The anomaly, which drew significant attention in economic and trade circles, has now been identified and rectified to ensure accurate reporting. Correcting the Discrepancy In an official statement, the government explained that
Microfinance institutions (MFIs) in India are appealing to the Reserve Bank of India (RBI) to relax certain regulatory norms that they believe are hindering their operations and growth. This request comes amid challenges faced by the sector in extending credit to underserved populations. Key Concerns Raised by MFIs Stringent Capital Adequacy Requirements: MFIs argue that
