The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to reports, the Group of Ministers (GoM) constituted on insurance matters may recommend full GST exemption on life insurance and health insurance policies of senior citizens, reiterating its previous recommendations. Ahead
Two weeks after opening the ITR filing for AY 2025-26, the Income Tax Department on June 10 released the Common Offline Utility (COU). Offline utilities (JavaScript-based/JSON utility) are built on the latest system architecture adopted by the Income Tax Department. The Income Tax Department often releases utilities in multiple phases to ensure smooth rollout, gradual
Mutual funds in India are expected to increase their investments in short-term corporate bonds in the coming weeks, buoyed by a surge in inflows and surplus liquidity, according to fund managers. In May 2025, corporate bond funds recorded net inflows of ₹119.8 billion (approximately $1.40 billion)—the highest in two years and more than triple the
The global uncertainty and geopolitical tension including the Operation Sindoor has led to significant investor caution across the mutual fund industry. The inflows to equity funds dropped sharply in May to Rs 19,013 crore — the lowest level since April 2024 — according to data released by the Association of Mutual Funds in India (AMFI). Additionally
The Department of Financial Services (DFS) has directed public sector banks (PSBs) to focus on selling insurance products along with their core banking objective, according to a CNBC TV report. Acknowledging the importance of public sector banks to meet ‘Insurance for All by 2027’ target, the DFS has asked PSU lenders to focus on insurance
If you’re planning to take a home loan, this could be a good time for you. The Reserve Bank of India (RBI) made a significant cut of 0.50% in the repo rate on June 7, bringing it down to 5.5%. Since February 2025, the RBI has reduced the repo rate by a total of 1%.
The real fear isn’t about ghosts. It’s about lost years, ruined credit, and regret. Is there something scarier than a haunted house? Yes, it’s a Rs 50,000 investment gone because of a tip you didn’t question. A dream home loan is cancelled because your EMIs ate your savings. Or five years gone, just waiting for
The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board
ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. So, the answer is ‘yes’, it is legally possible since many taxpayers live on rent and also pay
In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total Gas outlets will offer Jio BP’s petrol and diesel at their outlets, Jio BP will integrate Adani Total
Indian equity markets ended higher in Wednesday’s session on a higher note, near day’s high, as the geopolitical tension between Iran and Israel eased. The Nifty 50 closed the session 200 points or 0.80% higher at 25,244, the Sensex rose 700 points or 0.85% to end at 82,755. In line with the overall bullish market
In the wake of RBI repo rate cuts in the last around 6 months, the affordability of homes for buyers has improved across eight major cities in the country in the first half of this year, according to a report. According to Knight Frank India’s latest Affordability Index for H1 2025, housing affordability has improved
Danish pharma giant Novo Nordisk is preparing for a major push in India with its blockbuster weight-loss drug Wegovy (semaglutide), according to a report by The Economic Times. The company is targeting sales of $1 billion (around Rs 8,600 crore) in the next five -seven years. The Economic Times, citing sources, reports that a pan-India
