Auto Added by WPeMatico
West Bengal Chief Minister Suvendu Adhikari stated that the government aims to implement 7th pay commission this fiscal, bridge the salary gap between its state and central government employees with a dearness allowance (DA) hike, and clear arrears, according to a PTI report. Addressing an event on 21 July, Adhikari said terms of reference (ToR)…
India has built one of the most advanced Open Finance infrastructures in the world through the Account Aggregator framework. This allows individuals and businesses to securely share financial data with consent across financial institutions using standardised APIs. The Account Aggregator framework, introduced by the Reserve Bank of India as part of India’s digital financial infrastructure,…
The evolution of India’s lending ecosystem is a result of systematically building digital pathways for data and analytics through consistent investment in innovation. This has been the result of a true public-private partnership, which reflects the convergence of multiple systems that work together, from digital identity and payment infrastructure to credit bureaus and consent-based data…
You can hold mutual fund units in two ways — through a Statement of Account (SOA) or a demat account. In the SOA format, units are recorded directly with the AMC or its registrar, while in the demat format, they are held electronically in a demat account. SEBI has recently released a circular to allow…
The Andhra Pradesh state government has begun annual disbursement of its Talliki Vandanam Scheme 2026 through Direct Benefit Transfer (DBT) to bank accounts of eligible beneficiaries. Launched in June last year, it is a welfare scheme aimed at supporting education in the state. Talliki Vandanam provides ₹15,000 financial assistance to mothers or guardians of over…
Silver investments come in different forms, ranging from exchange-traded funds (ETFs) and fund of funds (FoFs) to physical silver, such as jewellery and household utensils. While all these options provide exposure to silver in different ways, their tax treatment differs. The applicable tax depends on the type of silver investment and the length of time…
Within India, Chandan isn’t making narrow thematic bets either. “Sector-wise, I see meaningful opportunities in financials, materials, industrials, pharmaceuticals and consumer discretionary. The focus remains on identifying quality businesses with strong growth potential, reasonable valuations and the ability to compound earnings over the medium to long term.”
Do you know your Central Know Your Customer (CKYC) number? This is a unique 14-digit identifier that ensures the opening of bank and financial accounts is seamless and transparent. The Reserve Bank of India (RBI), through press releases and text messages, has sought to educate citizens and urge them to understand the role of their…
Have you sold an inherited property at a loss? Or are you looking to complete the sale soon? Do you have a clear understanding of the tax implications and applicable rules in such a case? These are some of the core questions that every aspiring seller of a property must ask themselves before clearing a…
The Foreign Assets Information (FAI) report, available as a password-protected PDF, contains details such as foreign bank accounts, account balances, dividends, interest, gross proceeds and other payments received by the Income Tax Department from overseas tax authorities. It also provides taxpayers with a mechanism to flag discrepancies through the AIS portal.