Financial News India: Read all the latest finance news on credit card, online payment, bank loan interest rate, scams, GDP growth Inflation, Saving schemes, PPF, NSC, KVP Bank, FD calculators ULIP IIP numbers
Finance : This guide explains why senior travellers should review travel insurance coverage, organise medical records, and plan ahead before...
Finance : The article explains how local Indian phone numbers enhance credibility and accessibility for international businesses. It highlig...
Finance : The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. I...
Finance : The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that ba...
Finance : mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, ...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples ...
Finance : The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or compa...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Finance : The Supreme Court held that insolvency proceedings under the IBC cannot be invoked merely to recover disputed dues arising from co...
Finance : The issue was whether indemnity obligations arise only after final appellate confirmation. The Supreme Court held that liability a...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
Inspections revealed absence of Principal and Compliance Officers and inadequate infrastructure. IFSCA initiated regulatory action to enforce strict compliance.
The guide explains how property taxes, rental income, and capital gains apply at different stages of ownership. It highlights key deductions and planning strategies to reduce tax liability.
The circular directs eligible financial institutions to provide interest support for export factoring to MSMEs. The key takeaway is improved access to export finance through regulated entities.
Incomplete or inconsistent documents can slow down mortgage approval or lead to rejection. Proper preparation of identity, income, and property papers ensures faster processing.
The authority proposed registration, governance, and compliance norms for TCSPs supporting leasing transactions in IFSC. The framework seeks to align the ecosystem with global aircraft leasing hubs.
The consultation paper proposes making credit rating withdrawal provisions principle-based rather than limited to specific situations. The aim is to align regulations with evolving market practices and global standards.
The new framework allows FinTech entities to test innovative financial solutions under regulatory supervision. It replaces the earlier 2022 sandbox guidelines with expanded testing mechanisms.
The restoration feature ensures that insurance coverage can be reinstated after a major claim, helping maintain protection for other family members during the same policy year.
The proposed regulations introduce a formal framework for Managing General Agents in the IFSC. The rules aim to regulate underwriting, claims management, and insurance intermediation with stronger governance standards.
IFSCA clarified that the supersession of earlier fee circulars will apply from the date of commencement rather than the date of issuance, ensuring clarity in regulatory implementation.
