Finance

Include mobile phones in 5 pc GST slab of essential goods: Industry

Include mobile phones in 5% GST slab of essential goods: Industry

"The mobile phone is no longer an aspirational good; it is an essential digital infrastructure for education, healthcare, financial inclusion, and governance. It should rightly be taxed at 5 per cent GST, in line with the Prime Minister's GST reform agenda and his vision of a $500 billion electronics ecosystem," said Pankaj Mohindroo, Chairman, ICEA.

Aug 19, 2025

Banks to clear cheques within few hours starting October 4: RBI

The RBI decided to transition CTS from batch processing to continuous clearing with 'on-realisation-settlement' to improve the efficiency of cheque clearing, reduce settlement risk for participants, and enhance customer experience.

Aug 14, 2025

SEBI Proposes Special AIF Schemes Exclusively for Accredited Investors

SEBI has proposed a new category of Alternative Investment Fund (AIF) schemes open only to accredited investors—those meeting specified wealth, net worth, and income criteria certified by a SEBI-recognised agency. The plan aims to replace the current Rs 1 crore minimum investment rule with accreditation status as the sole eligibility criterion, with a transition period where both rules apply.

Aug 9, 2025

ICICI bank hikes minimum account balance for new customers

ICICI Bank Raises Minimum Balance Requirement for New Customers

ICICI Bank has increased the monthly minimum average balance (MAB) for new savings account holders effective August 1. Customers in metro and urban areas opening accounts after this date must maintain an MAB of ₹50,000, while semi-urban and rural customers need ₹25,000 and ₹10,000 respectively. Existing customers will retain the earlier lower limit.

Aug 9, 2025

NSDL IPO issue oversubscribed by 15 times

NSDL shares list at 10 pc premium over issue price, touch intraday high of Rs 920

Shortly after listing, the stock reached an intraday high of Rs 920. As of 11.45 A.M., NSDL shares were trading at Rs 913.65, up 33 points or 3.82 per cent from its listing price.

Aug 6, 2025

RBI leaves repo rate unchanged at 5.5 pc, sticks to neutral stance

The RBI Governor said that inflation had come down to much lower levels there was still some volatility in food prices, especially vegetables. However, core inflation had remained steady at around 4 per cent.

Aug 6, 2025

Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

Finance Act 2025 provides substantial relief under new tax regime: Minister

The new measures will play a significant role in creating a fair and equitable system of direct taxation that ensures no additional burden of direct taxes on the working and middle-class population of the country, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply.

Aug 4, 2025

India projected to see salary hikes between 6.2-11.3 pc across industries in FY26

According to the report, top roles within industries with the highest salary increment are Electrical Design Engineer (12.4 per cent) in EV and EV Infrastructure, In-Store Demonstrator (12.2 per cent) in Consumer Durables, Relationship Executive (11.6 per cent) in NBFC, and Fashion Assistant (11.2 per cent) in Retail.

Jul 29, 2025

Strong dollar keeps rupee in check; gold loses shine on easing tariff war

The price of 24-carat gold (10 gram) started the week at Rs 98,896 on Monday, rose to Rs 1,00,533 on Wednesday, and ended the week at Rs 98,880, according to data published by the India Bullion and Jewellers Association (IBJA).

Jul 26, 2025

Filing your ITR? Know the updated tax slabs and rules before filing your ITR

As per the new tax slabs, individuals with taxable income up to Rs 12 lakh get a full tax rebate under the new regime. Your entire income will be taxed slab-wise, if your taxable income exceeds Rs 12 lakh. The slabs are zero tax for the initial Rs 4 lakh, 5 per cent tax on Rs 4 lakh and Rs 8 lakh, 10 per cent on Rs 8 lakh to Rs 12 lakh, and 15 per cent on Rs 12 lakh to Rs 16 lakh, and so forth.

Jul 26, 2025

Simplified language in new Income Tax Bill a significant shift: FM Sitharaman

The Finance Minister also congratulated the Department for its commendable work in efficiently drafting the New Income Tax Bill, 2025 within the stipulated timeline. She appreciated that the Department is actively addressing the recommendations received from the Select Committee.

Jul 25, 2025

How to Apply for a Personal Loan in 2025: A Smarter, Faster Way with IDFC FIRST Bank

Applying for a personal loan in 2025 doesn't need to be complicated. With platforms like IDFC FIRST Bank offering a smoother, smarter approach, getting access to instant funds has become faster and more efficient than ever.

Jul 23, 2025

India to be 3rd-largest economy by 2028, to reach $10.6 trillion by 2035: Morgan Stanley

Embedded in this forecast is the likelihood that three to five states (Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Karnataka) will have an economy of nearly $1 trillion each, ranking in the top 20 global economies between 2030 and 2035, the report projected.

Jul 23, 2025

Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

Unemployment reduced from 6% to 3.2% in 6 years, inflation at record low: FM Sitharaman

Besides, the government had increased the disposable income of individuals by exempting annual incomes up to Rs 12 lakh (and Rs 12.75 lakh for salaried individuals with standard deduction) from income tax, the minister said.

Jul 21, 2025

FM Sitharaman kickstarts more than Rs 1,000 crore projects in Meghalaya

Speaking during an Integrated Public Programme at the LARITI - International Centre for Performing Arts and Culture here, FM Sitharaman lauded Meghalaya's steady growth and bold vision under the leadership of the CM Conrad K. Sangma.

Jul 11, 2025

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