Category: Finance

Uday Kotak warns that India’s economic ‘animal spirits’ are fading as young business families focus more on investments than building companies. He urges policymakers to address the impact of US policies pulling foreign capital away. Kotak stresses the need for a national strategy to counter this challenge and navigate the current economic environment. Uday Kotak, […]

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 02/2025-GST, clarifying the procedure for handling Departmental appeals related solely to interest and penalties under Section 128A of the Central Goods and Services Tax (CGST) Act, 2017. Kind attention is invited to the Section 128A of the Central Goods and Service Tax […]

Budget 2025: For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakhs to ₹10 lakhs. Finance Minister, Nirmala Sitharaman announced key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) framework in the Budget 2025. The Government aims to simplify tax deduction and collection […]

Export finance is important for businesses that sell products and services to other countries. It helps them manage money and grow worldwide. However, dealing with export finance can be tricky, with many challenges that can make things difficult. Problems like changing currency values and complicated rules need careful planning and smart solutions. In this blog, […]

The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance. The rise in stress in the microfinance sector is cyclical and for State Bank of India, the bad loans have grown from Rs 100 crores to Rs 700 crores for Rs 10,000 crores portfolio of such loans […]

Larsen & Toubro Chairman, Mr. S N Subrahmanyan took home a total salary of ₹51 crores in 2023-24, which is 534.57 times the median salary of the employees of L&T. His remuneration for 2023-24 included a base salary of ₹3.6 crores, ₹1.67 crores as prerequisites and ₹35.28 crores as commission. He also received retirement benefits of ₹10.5 crores, bringing […]

The Reserve Bank of India (RBI) has issued new rules regarding CIBIL scores. Under the new rules, banks must inform customers of their CIBIL score and the reasons for any loan rejection. Additionally, banks must provide customers with free online access to their credit score once a year. Key Points: Banks must inform customers of […]

RBI Updates Rules for Personal Loans In today’s inflation-driven economy, personal loans have become a common way to meet financial needs. While they are easily accessible, even a single missed or delayed installment can lead to serious consequences. Impact on Credit Score Personal loans are approved based on credit scores. Missing an installment can harm […]

The Confederation of Indian Industry (CII) has urged the government to adhere to its fiscal deficit target of 4.9% of GDP for 2024-25 and 4.5% for 2025-26. The industry body warned that pursuing “overly aggressive targets” could harm India’s economic growth trajectory. “India’s rapid growth amid a global economic slowdown has been supported by prudent […]