The month of May will usher in several financial changes — from an increase in ATM cash withdrawal fees to updated rules for booking railway tickets. The recent RBI repo rate cut will prompt a dip in home loan interest rates while bank mergers in 11 states may affect others. Taxpayers will also be able
Akshaya Tritiya, as you may know, is one of the most auspicious days or muhurat to buy gold. The word Akshaya in Sanskrit means “never decreasing”, and since it is the third lunar day of the bright half of the spring season, it is called Tritiya. Akshaya Tritiya falls on the third day of the month of Vaishakh
Residential price growth may moderate to 3% to 4% in FY26 due to moderating demand and several planned launches, which could increase the inventory, said India Ratings in a report released on Monday. in the first nine months (9M) of FY25, the average price across the top eight cities increased at 8% yoy as compared
EPFO update: The Employees’ Provident Fund Organisation (EPFO) has updated Form 13 to make it easier for its members to transfer their Provident Fund (PF) accounts when switching jobs. The updated version of Form 13 will also reflect the taxable and non-taxable components of PF interest separately. EPF has also introduced a feature to help
It’s time to file Income Tax Returns (ITR), but this time there is some delay in the notification of the forms and their utilities. What is the reason for this and what should taxpayers do during this delay? To know the answers to these questions, we had a special conversation with Akhil Chandna, Partner and
The Indian stock market witnessed a sharp decline in the last two quarters of FY2025, but now the market seems to be picking up some pace. In the last one month, frontline indices have shown signs of a revival in investor sentiment, especially after the lows hit post US President Trump’s tariff imposition announcements. This
In 2025, the Reserve Bank of India (RBI) has so far cut its repo rate by a total of 0.50% (50 basis points) in two policy meetings in February and April. The repo rate is the rate at which the RBI lends money to commercial banks in the country. These two rate cuts have resulted
Salaried employees who file their income tax returns (ITRs) every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and perquisites. The changes effected in the Form 16 format will ensure that the information about different taxes, deductions, and exemptions on salary
DA Hike for July-December 2025: Central government employees and pensioners are hopeful that the last dearness allowance (DA) revision in the 7th Pay Commission will be better than the last one announced for the January-June cycle 2025. The government hiked DA by 2% for the first half of the current calendar year. At present, the
Man Industries will raise Rs 300 crore through a preferential allotment of convertible warrants and equity shares. The company has scheduled an Extraordinary General Meeting (EGM) on June 25 to get the necessary approvals from investors. ALSO READVodafone Idea not out of woods yet: Can the latest fund raising spur a revival? As per the
The Indian benchmark indices, Sensex and Nifty, ended Tuesday’s session with sharp losses after a subdued start. The Sensex closed at 80,737.51, falling 636.24 points or 0.78%, while the Nifty slipped 174.10 points or 0.70% to settle at 24,542.50. The Nifty Bank index also declined, closing at 55,599.95, down by 0.54%. Here are 5 key
Income tax returns (ITRs) for AY 2025-26 (financial year 2024-25) finally started, with almost a two-month delay, on May 30, 2025. The Central Board of Direct Taxes (CBDT) on May 30 released two Excel-based utilities for ITR-1 and ITR-4 filers. Usually, the government makes online and offline ITR utilities available in the second or third
US President Donald Trump increased the tariffs on steel and aluminium, and the increased 50 percent tariffs would be effective from June 4. The increase in tariffs on steel and aluminium could have a major impact on Indian companies, as India exports about $4.6 billion worth of iron, steel, and aluminium products every year to
