The high interest rate regime seems to be over in the country with the RBI slashing its repo rate, at which it lends to commercial banks, by 50 basis points (bps) this year. The key benchmark lending rate of the central bank now stands at 6% after last 25 bps cut on April 9, 2025.
The new financial year has started and now taxpayers want to know when they can file their Income Tax Return (ITR) for the assessment year 2025-26. However, for this, first the Income Tax Department will have to notify the ITR forms for the current assessment year. Seven different ITR forms were notified in April last
There is an important news for the employees of the central government. The Ministry of Health & Family Welfare has clarified that if monthly contribution is being deducted regularly from the salary of an employee under CGHS (Central Government Health Scheme), then it is mandatory to give him CGHS service card, even if he has
Unified Payments Interface (UPI) services experienced a major disruption across India, marking the third major outage in a month. Users are facing widespread issues on digital payment platforms like Paytm, Google Pay and PhonePe. (More details are awaited.) » Read More
The systematic investment plans, better known as SIP, have dropped marginally by 0.28% sequentially to Rs 25,926 crore in March, according to data shared by AMFI. Investors bought SIPs worth Rs 25,999 crore in February 2025. AMFI stands for Association of Mutual Funds in India. It is an Indian trade association for all the asset
T V Mohandas Pai, former CFO and board member at Infosys, has once again slammed tax authorities and the central as well as state governments for “oppressing” taxpayers and hounding them with “tax terrorism”. Tax terrorism refers to a situation when the process of tax collection becomes so complex and harsh that ordinary citizens get
For the second time in a row, Reserve Bank of India (RBI) Governor Sanjay Malhotra has announced a cut of 25 basis points, i.e. 0.25%, in the repo rate, the interest rate at which the central bank lends money to commercial banks. This decision was taken after a three-day meeting of the Monetary Policy Committee
Retirement planning and securing a regular income during the later stages of life are crucial. While many investors are familiar with Systematic Investment Plans (SIPs), fewer take advantage of another effective strategy — the Systematic Withdrawal Plan (SWP). Offered by mutual funds, an SWP allows investors to withdraw a fixed amount at regular intervals. This
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
