NRI Finance Pulse by

Curated financial, regulatory, and tax updates

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Mint

Tax department rejected ₹37.82 lakh deduction, but ITAT cancelled the 200% penalty: What the ruling means

A Bangalore ITAT ruling has deleted a ₹23.31 lakh penalty imposed on a cooperative housing society that claimed a ₹37.82 lakh deduction under section 80P. The tribunal said a fully disclosed, bona fide claim on a d...

Mint

NRI tax rules: What happens to losses on foreign shares?

An NRI asks if a loss on UK stocks can offset gains on Indian shares, while another wants to know if former residents can use FAST-DS to disclose unreported US stocks.

Business Standard

Cultural capital must be integral to economic policy: Culture minister

Development must not destroy the very heritage that gives identities to citizens and communities, Union Culture Minister Gajendra Singh Shekhawat said on Monday, as he pitched for giving cultural capital its "rightful pl...

Mint

Over 50% rise in wealthy Indians leaving the country; who's the richest NRI? Hurun Rich List 2026

According to the M3M Hurun India Rich List 2026, 156 wealthy Indians now reside overseas, an increase of 54%. Check who the richest NRI is.

Business Standard

RBI's panel starts monetary policy deliberations, 0.25 bps rate hike likely

The Reserve Bank's Monetary Policy Committee began its three-day meeting on Monday and is likely to raise rates by 25 basis points, aligning with the central banks' hawkish stance amid escalating conflicts in West Asia t...

Business Standard

NPS, UPS or APY complaint? Here's how to raise it through Pension Sahayak

NPS, UPS and APY subscribers can file complaints online, track them and escalate unresolved grievances through PFRDA's Pension Sahayak.

Mint

IDCW vs SWP: which of these options should retirees choose and why

IDCW payouts from mutual funds are neither guaranteed nor necessarily tax-efficient. For retirees seeking regular cash flows, a disciplined SWP can offer greater control over withdrawals and taxation.

Mint

Indians like their buzz: RTDs buck global shift to lighter drinks

India’s ready-to-drink alcohol market is growing faster than the global category, and with a distinctly higher-alcohol profile. 

Mint

Facing an NPS-related issue? Know how to raise a complaint through the PFRDA Pension Sahayak portal

Have an NPS or APY-related query or complaint? PFRDA’s Pension Sahayak offers a simpler way for subscribers to raise and track grievances online. Here’s how the platform works, the steps to register a complaint, and ...

Mint

Are you building a house or commercial property? Know when TDS applies to contractor payments under Income Tax Act 2025

Know when TDS applies to payments made to contractors for construction, repair, or renovation work. The rules specify who must deduct TDS, the applicable 1% or 2% rates, the ₹30,000 single-payment and ₹1 lakh annua...

Mint

IndiaTech seeks rethink of turnover-linked gig worker social security levy

Under the Code on Social Security, 2020, aggregators are required to contribute 1-2% of annual turnover towards social security for gig and platform workers, subject to a cap of 5% of the amount paid or payable to such w...

Business Standard

Goyal holds bilateral meetings with top officials of several US firms

Commerce and Industry Minister Piyush Goyal has held bilateral meetings with top officials of a number of US companies and discussed investment opportunities in India. The minister is in the US till October 5. He held me...

Business Standard

Democracy makes India's economic reforms durable, says vice-president

C P Radhakrishnan said consensus-building may slow decisions at times but makes reforms sustainable, while warning that growth benefits must reach every section of society

Mint

Earning in dollars? New FEMA rules from October 1: How freelancers and YouTubers need to file EDF declaration with banks

A new RBI rule from 1 October changes how service exporters receiving overseas payments must report their earnings. Freelancers, creators and other professionals may need to take an additional compliance step through the...

Business Standard

India's forex reserves fall $18.3 bn, post biggest weekly decline on record

Foreign exchange reserves have fallen for three straight weeks, losing about $38.2 billion, as the RBI intervenes to support the rupee amid higher crude oil prices

Business Standard

Income tax enters Class 9: NCERT teaches students how to calculate tax

Council's social science textbook covers budgeting, saving, investing and risk management, linking money choices with long-term financial stability

Mint

EPFO enrolment campaign for workers left out of PF coverage: Will they lose interest on past contributions?

Eligible salaried workers outside the formal provident fund system can be enrolled now through EPFO's special one-time window. But does it mean they will lose interest on past contributions?

Mint

Boeing averts strike as engineers ratify deal: 32% pay hike over 4 years, 10% immediate raise | What the contract offers

Boeing's white-collar workers ratified a new contract, avoiding a labor disruption and aiding the certification of delayed aircraft. The Society of Professional Engineering Employees in Aerospace reported a 67.6% approva...

Investing.com

Form 4 Lipocine Inc For: 1 October

Business Line

Anay Gupta re-elected as All India Rubber Industries Association president

Gupta has played an active role in AIRIA’s initiatives focused on industry development, policy advocacy, and stakeholder engagement

Mint

Buying property from an NRI is easier, but don’t make this 12.5% TDS mistake

While an administrative step has been removed, it does not dilute the buyer's responsibility for TDS, which is higher when the seller is an NRI.

Business Standard

US economy grew 2.2% in Q2 on rising consumer spending, investment: US govt

The US economy grew at a solid 2.2 per cent pace from April through June as consumer spending and business investment came in strong. Growth in gross domestic product - the nation's output of goods and services - deceler...

The Hindu

PNGRB bats for level playing field across EV, CNG and LNG vehicles

The senior official at PNGRB mentioned the level-playing field could be instituted either through required and suitable taxation, subsidies or infrastructure, among other things.

Mint

DA news: Is dearness allowance part of your annual CTC? Taxation process, explained

DA-related FAQs for taxpayers — from whether the component is credited as part of your salary, if it is subject to tax, or must be reported in your income tax returns filing, and more.

Business Line

BikeWo, Moonrider tie up to explore electric tractor deployment

The partnership brings together Moonrider’s electric tractor technology and product capabilities with BikeWo’s growing capabilities in fleet deployment, leasing, operations and institutional customer development

Mint

Before chasing new investments, ask yourself these six questions

SIFs, GIFT City investments and other new products can look attractive, but investors should look beyond return expectations and assess risk, portfolio fit, costs, liquidity and taxation first.

Mint

Can a housing society evict a tenant? Legal expert explains renters' rights and protections

Can a housing society evict a tenant from a rented flat? Know who has the legal right to seek eviction, how the Transfer of Property Act and rent-control laws protect tenants, and what renters should do if a society thre...

Mint

Who is Neeraj Jain? Bengaluru-based Social Alpha, which backed 450 startups, gets new CEO

Former PATH regional head to lead Social Alpha’s next phase of innovation and scale.

Mint

Why Nithin Kamath wants corporate tax raised to 27% from 25% instead of 2% CSR: ‘Is the spend really necessary?’

Nithin Kamath questions India’s 2% CSR rule and suggests raising corporate tax to 27% from 25% to fund social programmes.

Mint

Moving back to India with a foreign job: will your salary be taxed here?

An NRI returning to India may become taxable on salary for services rendered from India, even if the employer is Canadian and the salary continues to be credited to a Canadian bank account.

Business Standard

India's ageing transition will be faster than in US, Indonesia: Moody's

India is projected to move from an aged to a super-aged society in 16 years, as emerging economies face rising pension and healthcare costs at lower income levels

Mint

Senior citizens tax myth: Why bank TDS on interest income doesn’t mean you can skip filing ITR

The requirement to file an ITR depends on several factors, including the taxpayer's total income, age, residential status and the nature of income earned during the financial year.

The Hindu

PNB scam: CBI arrests Nirav Modi's aide Sandeep Mistry after extradition from UAE

A special CBI court remanded fugitive businessman Nirav Modi’s associate Sandeep Mistry to judicial custody till October 6

Business Standard

Parents funding NRI child's home abroad? Know LRS limit, TCS, tax rules

A resident parent can remit up to $250,000 a year under LRS, but ownership, gift or loan structure and foreign tax rules also matter.

Mint

Buying property abroad for your NRI child? Know how much parents can transfer and what tax rules apply

Indian resident parents can use the RBI's Liberalised Remittance Scheme (LRS) to fund the purchase of overseas property by an NRI or OCI child, subject to FEMA rules. Here's what to know about the $2,50,000 annual limit,...

Mint

Forgot to file ITR but employer had deducted TDS: When can income-tax penalty still apply? ITAT explains

The Mumbai ITAT deleted a ₹3.95 lakh penalty imposed on a ship captain who had failed to file his ITR on time. The taxpayer later filed his return in response to a reassessment notice, but the income declared was acce...

Mint

'Sellers may submit false declarations': Why CCPA penalised Amazon, Flipkart, JioMart for selling unregistered herbicide

India's CCPA fined Amazon, Flipkart, and JioMart for selling the unregistered 'Cyclosinone Herbicide'. The platforms were penalized for inadequate seller verification and must stop sales, conduct self-audits, and submit ...

Times of India

I had independence, routine, and a sense that I was moving forward: Ex-NRI shares struggle adjusting in India after spending years in US

Mint

Tax audit deadline September 30: Why AIS, TDS and GST figures may not match your ITR and what to do

Tax audit deadline is September 30 for applicable taxpayers. Before filing, taxpayers should reconcile their books with GST returns, AIS, TIS and Form 26AS. Mismatches can arise from timing differences, duplicate or inco...

Business Line

Keralam to strengthen compensation, prevention measures for wildlife conflict

Speaking at the annual general body meeting of the Association of Planters of Kerala, Forest Minister Shibu John said steps were being taken to restore natural forests, develop grasslands and introduce AI-based defence m...

The Hindu

Rupee falls 20 paise to 95.95 against U.S. dollar in early trade

At the interbank foreign exchange market, the rupee opened at 95.89 against the American currency and lost further ground to touch 95.95

Business Standard

Rupee falls 20 paise to 95.95 against US dollar during early trade

The rupee depreciated 20 paise to 95.95 against the US dollar in early trade on Monday, as the greenback strengthened further and foreign fund outflows continued unabated amid the ongoing West Asia conflict. Forex trade...

Mint

Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits

An 89-year-old retired principal said ₹20.33 lakh deposited in his bank accounts represented hostel fees collected for an education society, with only ₹2,251 left as surplus. The ITAT has sent the case back to the ...

Mint

3-day bank strike deferred: What happened during union body meet? Will SBI, HDFC Bank now remain open 5 days a week?

The nationwide bank strike scheduled for September 28-30 has been deferred after IBA and UFBU reached an agreement. The decision offers temporary relief to customers of banks such as SBI & HDFC Bank, while discus...

The Hindu

Bank unions defer three-day nationwide strike after ‘understandings reached’ with IBA

A high-level committee of the Indian Banks’ Association and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays, the statement said

Mint

Expecting nil tax liability this year? Know which form to submit to avoid TDS on bank interest, rent and dividend income

Taxpayers with nil estimated tax liability can avoid TDS on certain incomes by submitting a declaration to the payer. Here’s who can submit Form 121, which incomes are covered, what details are required and what the pa...

The Hindu

Mobile phone retailers to protest against UPI MDR charges on October 2

The All India Mobile Retailers Association for the Delhi NCR region said retailers will symbolically cover UPI QR codes with black cloth and refrain from accepting UPI payments on Gandhi Jayanti

Business Standard

NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data

FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion

Mint

Salary earned abroad, credited to NRE account: Does that make it taxable in India? ITAT ruling explained

A Bengaluru ITAT ruling says foreign salary credited to an Indian NRE account cannot alone make it taxable in India. The taxpayer’s overseas employment, passport and bank records were considered, while the case was sen...

Business Line

Ethanol sector not competing for maize with any sector, says distillers’ association

It is utilising the coarse cereal to create value for Indian agricultural reserouces, support energy security, says AIDA deputy director-general (DDG) Bharati Balaji

Business Line

India’s tourism sector contributes 5.22% to GDP, supports 8.46 crore jobs: Govt

Foreign exchange earnings from tourism rose to ₹2,76,831 crore in 2025, from ₹63,978 crore in 2021

Mint

Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs

Starting October 1, resident individuals and HUFs purchasing properties from non-resident sellers can simplify TDS compliance by using their existing PAN instead of a TAN. Details here.

Mint

Tax audit deadline September 30: 5 common mistakes in GST turnover, TDS, AIS and business expenses to avoid

Taxpayers facing the September 30 tax-audit deadline should reconcile their books with GST returns, AIS, TIS and Form 26AS, verify TDS/TCS credits and avoid claiming personal expenses as business deductions. Experts reco...

Mint

Income Tax Act 2025: What crypto investors should know about VDA provisions, TDS and ITR filing rules

The Income-tax Act, 2025 largely retains the existing tax treatment of VDAs, including the 30% tax and 1% TDS. However, section numbers have changed and a new reporting framework for crypto transactions will require inve...

Mint

Converse pauses social media ads after CEO apology over racism outrage: Report ahead of Nike's earnings announcement

Converse has paused all marketing efforts this week after an ad evoking the Ku Klux Klan caused outrage. This decision comes amid a prolonged sales decline as the company prepares to report earnings on Oct. 1.

Mint

PRIM vs mutual funds vs PMS: Experts explain how they differ on portfolio structure, costs, taxation and suitability

SEBI’s new PMS framework introduces PRIM, allowing investors to access professionally managed portfolios of mutual funds, ETFs and SIFs. Here's how PRIM compares with conventional PMS and mutual funds on investment, ma...

Business Line

Cabinet to take up revamped model bilateral investment treaty to woo global investors

New framework aims to speed up negotiations, preserve India’s taxation and judiciary sovereignty, and narrow red lines while expanding protections for outbound investments

Mint

NPS Swasthya from 1 October: What you need to know about the new pension option and health cover

NPS Swasthya is a new pension option that combines retirement savings with healthcare benefits and a mandatory super top-up health insurance policy. As it prepares for launch, here’s a look at who can enrol, how the he...

Business Standard

India's forex reserves fall $14.89 billion to $766 billion: RBI data

India's forex reserves dropped by USD 14.881 billion to USD 765.901 billion during the week ended September 18 due to a fall in foreign currency assets, according to the RBI data released on Friday. In the previous repor...

Mint

Income tax calendar October 2026: ITR, TDS, Form 141 and other deadlines to know

October 2026 brings important income tax deadlines, including ITR filing for eligible taxpayers, quarterly TDS returns and Form 141 submissions. Check the key dates to avoid late fees and penalties.

Investing.com

CBL & Associates EVP Jennifer Cope sells $351,684 in stock

Mint

Tata Trusts vs Tata Sons: What are Articles of Association at the centre of Chandrasekaran row?

The problem revolves around the reappointment of N Chandrasekaran as the chairman for a third five-year term. Here's what the controversy is about and what the Articles of Association are.

Mint

Can you rent out a residential apartment as an b&b or service apartment? Check the rules

Residents of Windsor Park Society protested against the conversion of flats into Airbnb rentals, citing security concerns. Here's what a flat owner should ensure before renting out a residential apartment as an b&amp...

Business Standard

Cumulative FDI during 2014-26 reaches $843 billion, says Piyush Goyal

The Foreign Direct Investments (FDI) in India has touched a highest-ever level of USD 94.53 billion in 2025-26, while cumulative FDI inflows during 2014-26 have reached USD 843 billion, Commerce and industry Minister Piy...

Business Line

Centre permits sale of excess tobacco in Andhra Pradesh for 2025-26 crop season

Centre’s move aims to regulate surplus tobacco sales and stabilise markets by enabling auctions for both registered and unregistered growers in AP for 2025-26, under Tobacco Board oversight.

Mint

Can you inherit ancestral family property in India after becoming an NRI? Know rules

Moving abroad does not revoke an NRI's right to inherit property in India. NRIs can inherit various properties but face restrictions on selling agricultural land. Know the rules.

Times of India

NRI man says wife in India turned into operations manager handling cook, maid and deep-cleaning service: Domestic help doesn't mean zero effort

Mint

Inherited 1980s shares? How grandfathering rules save you from 2026 LTCG tax bill

Grandfathering rules can determine the cost of inherited listed shares, but indexation is not available.

Business Line

Income Tax Dept notifies changes in TDS Rules for non-resident immovable property transfers

From October 1, buyers can use PAN and Form 141 instead of TAN; ₹50-lakh threshold and 1% rate will not apply

Mint

How to refuse money requests from family and friends without destroying relationships

Lending money to friends and family without clear terms often leads to unreturned funds, damaged relationships, and personal stress. Learning to say no through clear boundaries, delaying responses, and offering alternati...

Business Standard

NRI property purchase TDS rules ease from Oct 1: What buyers need to know

The amendment removes the need for resident individuals and HUFs to obtain a TAN solely for TDS compliance, says expert

Mint

Who runs Tata Sons? Four clauses in its Articles of Association could decide

Tata Sons’ board and Tata Trusts are at odds over N. Chandrasekaran’s reappointment. Here’s what the company’s Articles of Association say about the Trusts’ powers and the chairman’s appointment.

Mint

Mumbai tenant gets flats worth ₹1.38 cr after surrendering tenancy rights; receives tax notice — ITAT grants relief

Manoj Devshi Chhadva, a tenant in a Mumbai housing society, received two flats valued at ₹1.38 crore for surrendering his tenancy rights. He got a tax notice and later challenged it. Here's why he won the case.

Mint

Income Tax: Buying property from an NRI gets easier from October 1; what changes for buyers

From 1 October 2026, resident individuals and HUFs buying immovable property from non-residents will no longer need to obtain a separate TAN for TDS. They can use their PAN and file the new Form 141, simplifying the tax ...

Business Standard

Rupee falls 11 paise to 95.84 against US dollar during early trade

The rupee stayed weak, sliding 11 paise to 95.84 against the US dollar in early trade on Thursday, as geopolitical uncertainties led to a sharp surge in crude oil prices and pushed US bond yields as well as the greenback...

The Hindu

Rupee falls 12 paise to close at 95.74 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 95.58 against the U.S. dollar, then gained ground and touched an intraday high of 95.57 against the American currency in intraday trade

Business Standard

Sitharaman calls for stronger Brics voice in global tax negotiations

Sitharaman said India has proposed working groups on international taxation and transfer pricing, and revenue statistics to deepen cooperation among Brics tax administrations

Mint

Form 141 for TDS: What taxpayers need to know about the new challan-cum-statement under the Income Tax Act 2025

Form 141 is the new unified challan-cum-statement for specified TDS transactions under the Income Tax Act 2025. Know who needs to file it, which transactions it covers, the applicable deadlines, and how to submit the for...

The Hindu

Towards recognising women farmers

Maharashtra’s passage of the Women Farmers’ Empowerment Bill, granting women independent recognition as farmers irrespective of land ownership, brings into focus the structural bias against the female agricultural wo...

Mint

8th pay commission panel to visit Mumbai next month — Here's how to apply, deadline, dates of meetings

The 8th CPC is scheduled to be in Mumbai next month to host discussions and meetings with employee unions, representative groups, pensioner associations, federations, and other stakeholders.

Business Standard

Irdai eases dividend repatriation rules for foreign-owned intermediaries

The insurance regulator has removed the requirement for prior approval to repatriate dividends by insurance intermediaries with majority foreign ownership

Mint

8th Pay Commission: OPS vs NPS debate gains momentum as employee groups seek guaranteed pension

8th Pay Commission: The OPS vs NPS debate has emerged as a key issue, with employee and pensioner groups seeking guaranteed retirement benefits, higher pensions and stronger social security provisions for government empl...

Times of India

‘Only 2 people called me in 3 years’: Indian woman shares ‘reality of NRI’ after moving to US

Business Line

Global edible oil market likely to be volatile, says Solvent Extractors Association

El Nino, uncertainty around sunflower oil supplies amid the Russia-Ukraine conflict and Indonesia’s B50 biodiesel programme could alter the global vegetable oil balance, says SEA President Sanjeev Asthana

Mint

What a higher PF wage ceiling means for employers and employees

The provident fund wage ceiling rises from ₹15,000 to ₹25,000, expanding mandatory EPF coverage to more employees and increasing employer contributions. This reform boosts retirement benefits but may reduce employe...

Mint

EPFO: Trade union wants monthly EPF wage ceiling hiked to ₹30,000, says ₹25,000 ‘too little, too late’ — Here's why

EPFO: The All India Trade Union Congress wants the government to hike the EPF wage ceiling to ₹30,000 per month, saying ₹25,000 is ‘too little, too late’ for social security benefits. Here are the reasons for t...

The Hindu

Rupee rises 15 paise to close at 95.81 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 95.86 against the U.S. dollar, then gained some ground and touched 95.72 against the American currency in intraday trade.

Business Standard

$127 bn foreign currency deposit mobilisation boost to Indian banks: S&P

S&P Global Ratings on Monday said the USD 127 billion mobilised by Indian banks through a special deposit scheme to attract US dollars is a "shot in the arm" for Indian banks as it has eased the tough funding conditions ...

Mint

₹3.79 crore TDS dispute after missed tax notices, ITAT gives taxpayer another chance despite 60-day appeal delay

The Chennai ITAT restored a TDS dispute involving nearly ₹3.79 crore in payments after the taxpayer missed notices and filed appeals 60 days late. The tribunal condoned the delay and ordered fresh examination of the c...

Mint

Noel Tata challenges legality of N. Chandrasekaran’s reappointment as Tata Sons Chairman

At the heart of the matter are two key articles in Tata Sons articles of association. While Article 118 specifically governs the selection of chairman, Article 121 covers broader strategic matters.

Mint

Property sale in India: NRI sellers face different TDS rules from residents—here's what to know

Selling property in India can trigger very different TDS rules for NRI and resident sellers. While buyers generally deduct 1% TDS on qualifying purchases from residents, NRI property sales are taxed differently, with the...

Mint

Micron workers demand 15% of operating profit as AI boom lifts chip earnings, point to Samsung, SK Hynix

Micron Technology faces labor unrest as employees reject a proposed bonus of 68 months' salary, threatening strikes. Workers demand a one-time bonus equivalent to 83 months' salary and quarterly bonus distributions amids...

Mint

NRIs can transfer money from NRO to NRE account, but what is the annual limit? Check details here

NRIs transferring money in India must choose between NRO and NRE accounts. NRO accounts manage local income, while NRE accounts are for foreign earnings. Check fund transfer rules and limit between the two accounts.

Business Line

Indian micro-fertilisers association seeks ease of doing business, regulatory reforms

IMMA roundtable with Government officials focuses on ‘One Nation, One Licence’, GST rationalisation and enabling exports of micronutrients and specialty fertilisers

Mint

8th pay commission: From night allowances to risk insurance, 8 key demands nurses have put forward

The nurses' association outlined several key requests, ranging from higher starting salaries and night duty pay to comprehensive insurance and the return of the Old Pension Scheme.

Business Standard

India's foreign exchange reserves fall $4.9 billion to $780.8 billion

The decline came after reserves posted their biggest-ever weekly increase of $44.9 billion, driven by strong foreign currency inflows under the RBI's swap window

Mint

NRI woman gets relief as ITAT cuts income tax penalty from 200% to 50%: Know why

ITAT Mumbai cut an NRI's tax penalty from 200% to 50% after she omitted ₹14.46 lakh in interest income from her ITR. The tribunal held mere omission isn't automatic misreporting, citing her overseas residence, relianc...

Mint

What happens to a creator’s Instagram, YouTube accounts and earnings after their death? Explained

Social media creators with certain followings can earn consistent income, but their accounts, content and money are managed differently after death according to platform policies. Here's what happens in such cases.&n...

The Hindu

What does the latest revision to the EPFO wage ceiling entail? | Explained

How does the EPFO wage ceiling revision expand the social security net? What are the concerns of Unions and Employers? What are the legal issues that may arise?

Business Standard

Rupee rises 16 paise to 95.73 against US dollar during early trade

The rupee rebounded from over two-month low levels, gaining 16 paise to 95.73 against the US dollar in early trade on Friday, buoyed by a buying trend in domestic equity markets and easing crude oil prices overseas. Fore...

Mint

US midterm elections 2026: How they could impact taxes, Social Security and retirement

The 2026 US midterm elections will influence legislative actions for the next two years. However, immediate financial impacts on taxes, Social Security, and retirement may be limited, with a greater focus on 2028 for pot...

The Hindu

Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons chairperson

The Tata Trusts formally placed on record their acceptance of the decision the following day and advised Tata Sons to initiate the process for setting up a Selection Committee for appointing a successor, in accordance wi...

Business Line

India’s rice production faces biggest drop in two decades

Output could fall by 10 million tonnes in 2026/27 from a year ago, but record rice inventories expected to ensure unrestricted export

The Hindu

Mining amendment is unfair to States

A State that bears the infrastructural and social consequences of mineral extraction must retain a meaningful stake in the economic value generated from its natural resources

Business Standard

EPFO wage ceiling raised to ₹25,000 for better social security net

Government raises EPF wage ceiling to ₹25,000 from ₹15,000, expanding mandatory social-security coverage to over 51 lakh additional employees

Business Standard

MDR may push small merchants, price-sensitive consumers towards cash: GTRI

The Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 could push small merchants and price-sensitive consumers back towards cash, economic think tank GTRI said on Wednesday. Effective October 15, UP...

Mint

Moving funds from NRO to NRE? Crucial tax rules and transfer limits you need to know

Transferring capital from an NRO account to an NRE account is fully permitted, but it remains strictly regulated by tax and foreign exchange rules.

Mint

8th pay commission: Last date to apply for Bengaluru meeting on 18 September — Here's how to submit online

The 8th Central Pay Commission will visit Bengaluru on October 7-8, meeting with employee unions and pensioner associations to discuss various demands. Chaired by Justice Ranjana Prakash Desai, it aims to release final r...

Mint

Govt hikes wage ceiling for EPF coverage: We calculate how this could impact your pension payout at retirement

The EPFO wage ceiling has been raised to ₹25,000, bringing an additional 51 lakh employees under mandatory provident fund cover, and widening social security coverage for workers. Today, we calculate how this can impa...

Business Line

Aditya Birla Group entity seeks GIFT City nod to enter aircraft leasing

The proposed venture comes as GIFT City’s aircraft-leasing ecosystem expands, with 37 entities operating and 412 aviation assets as of June 2026

Mint

Can visiting India bring your overseas salary under the tax net? What NRIs should know

An NRI in Singapore for 12 years visited India to manage inherited assets after their mother's death. They anticipate a three-month stay and are questioning whether it will make their Singapore salary taxable in India.&a...

Mint

Your FD and debt fund may face the same tax, here’s what should decide where you invest

Debt funds and FDs may face the same slab-rate taxation, but they differ significantly in return certainty, liquidity and market risk. FundsIndia CEO Rishabh Garg explains when investors should favour the certainty of FD...

Business Standard

Sitharaman urges ITRAF to make tax research more visible in policy process

Union Finance Minister Nirmala Sitharaman on Wednesday urged the International Tax Research and Analysis Foundation (ITRAF) to make its independent tax policy research more visible and contribute directly to policymaking...

Business Standard

CBIC to handhold MSMEs as less than 1,000 join customs duty payment scheme

The Central Board of Indirect Taxes and Customs (CBIC) will conduct outreach programmes and handhold MSMEs to encourage them to opt for the Eligible Manufacturer Importer (EMI) scheme, a senior official said on Wednesday...

Business Standard

Rupee falls 3 paise to 95.91 against US dollar during early trade

The rupee fell 3 paise to 95.91 against the US dollar in early trade on Wednesday, facing pressure from a strong American currency and outflow of foreign funds. Positive domestic equity markets, however, supported the lo...

Mint

Will an NRI’s Singapore income become taxable in India due to extended stays?

As an non-resident for tax purposes, one is generally taxable in India only on income that is received or deemed to be received in India, or that accrues or arises, or is deemed to accrue or arise, in India.

Business Standard

Banks' panel to decide on UPI merchant charges on transactions above ₹2,000

A panel comprising representatives of banks, service providers and various associations would soon take a call on charges to be levied on UPI payments above Rs 2,000 to merchants. The UPI & Services Steering Committee ha...

Mint

Moving to US: Can Indians continue their PPF and NPS Tier II investments? Tax expert explains

Can Indians continue PPF and NPS Tier II after settling in the US? A tax expert explains residency rules, KYC updates, FD redesignation, tax implications and why NRIs should review Indian investments before withdrawals o...

Mint

Meta agrees to report child sexual abuse, safety-related cases to Centre - here is what social media giant told MeitY

Meta India has reportedly agreed to report child safety-related cases to law enforcement agencies as Centre steps up scrutiny of social media platforms over harmful content.

Business Standard

Rupee falls 30 paise to 95.84 against US dollar during early trade

The rupee depreciated 30 paise to 95.84 against the US dollar in early trade on Tuesday on elevated Brent crude oil prices and heightened Middle East tensions. With Brent crude touching USD 106 per barrel, increased doll...

Mint

Foreign assets disclosure scheme 2026: What taxpayers with unreported overseas crypto should know

FAST-DS 2026 allows eligible taxpayers to voluntarily disclose certain undisclosed foreign assets and income. But can it cover unreported overseas crypto? The rules depend on where the crypto is held, how it was acquired...

Mint

At just 15%, low taxes offset Hong Kong’s high cost of living for this NRI couple

This couple unpacks the paradox of living in Hong Kong, where high expenses meet a lucrative job market.

Mint

Tax rebate on short-term gains under dispute? ITAT gives taxpayer relief in a fresh ruling

The Nagpur ITAT has upheld a ₹23,494 Section 87A rebate claimed by a taxpayer on short-term capital gains under Section 111A. The tribunal rejected the Income Tax Department’s challenge, finding no express bar on th...

The Hindu

The evidence gap in dole politics

Governments often attach lofty social purposes such as dignity and empowerment to cash transfers, but rarely publish the model that links payments to outcomes

Mint

Atal Pension Yojana: Premature withdrawal rules and how to claim maturity payout amount, explained

Administered by the Pension Fund Regulatory and Development Authority, the Atal Pension Yojana (APY) aims to create a universal social security system in India. Today, we check the rules for premature withdrawal and how ...

Business Line

BRICS countries emphasis on maintaining undisrupted energy flows, protecting critical infra

The BRICS nations unanimously adopted the New Delhi Declaration, which recognises that energy security is a crucial foundation for social and economic development, national security and the welfare of all nations

Mint

Can NRI nominees claim financial assets of deceased investors in India? Here's all you need to know

Upon the death of an Indian mutual fund or asset holder, nominees manage assets until transferred to heirs. NRIs can be nominees, requiring compliance to regulations. Details here.

Business Line

Xi-Modi dialogue: High-stakes diplomacy in Delhi

As Chinese President Xi Jinping arrives for the BRICS Summit, New Delhi and Beijing eye a fragile thaw amidst unresolved border friction and trade imbalances

Mint

GIFT City eyes bigger slice of aircraft leasing business

India has a large aircraft-leasing opportunity, but much of the financing and leasing sits offshore. GIFT City wants to capture that value, says CEO Sanjay Kaul

The Hindu

IRDAI imposes ₹1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old

Initiating proceedings, suo motu, on a social media post, IRDAI observed that the product specified an entry age of 30 to 80 years.

Business Standard

Rupee falls 5 paise to close at 95.57 against US dollar on Friday

The rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and suspected RBI intervention. Forex traders sa...

Times of India

Aadhaar Card global push: UIDAI working on access for NRIs and OCIs

Speaking during a fireside chat at Global Fintech Fest 2026, UIDAI CEO Saurabh Vijay said his objective is to build Aadhaar into a best-in-class digital identity infrastructure that can support its expansion internationa...

Business Standard

MPC will reassess growth-inflation dynamics at next meeting: RBI Governor

Reserve Bank's Monetary Policy Committee (MPC) will reassess growth and inflation dynamics at its meeting next month amid rising prices of crude oil due to the ongoing West Asia crisis, Governor Sanjay Malhotra said on F...

Mint

Section 87A rebate on STCG: ITAT ruling offers relief to taxpayers under new tax regime for AY 2025-26

ITAT Delhi has ruled taxpayers can claim the full ₹25,000 Section 87A rebate against STCG tax under Section 111A for AY 2025-26, as the Finance Act 2025 restriction on special-rate income applies only from AY 2026-27 ...

The Hindu

Rupee falls 27 paise to 95.79 against U.S. dollar in early trade

Forex traders noted that while record foreign exchange reserves, active RBI intervention, and strong domestic growth offer support, rising global yields and crude prices above $108 are significantly impacting country’s...

Mint

Partnership firm declared rental income, but landowners were taxed again; ITAT Bangalore rules against double taxation

The ITAT Bangalore ruled that rental income from a commercial property under a joint development agreement cannot be taxed again in the hands of individual landowners, as it was already disclosed and assessed in the part...

The Hindu

Growth spurt: On data by Federation of Automobile Dealers’ Associations

Alternative powertrains are now mainstream in automobiles

The Hindu

The way out of the dangerous trap

India risks a middle-income, low-productivity trap as weak job creation, stagnant wages and sluggish investment reinforce one another; escaping it requires better vocational education, wider diffusion of technology and u...

Business Standard

UIDAI working on plans to take Aadhaar global, says CEO Saurabh Vijay

The Unique Identification Authority of India is working on plans to take Aadhaar global, especially to enable non-resident Indians and overseas citizens of India to benefit from the digital identification technology, a s...

Business Line

IMMA roundtable to discuss issues impacting specialty fertilizer and bio-stimulant sector

The association is convening a government-industry roundtable dialogue in New Delhi on September 17, bringing together senior government officials, policymakers, regulators and industry representatives

Mint

Investing in FDs or small savings schemes? 5 factors investors should compare beyond interest rates

Small savings schemes and bank FDs differ in investment limits, liquidity, payouts, taxation and tenure. Here are five factors investors should consider beyond interest rates before choosing where to invest.

Business Standard

Rupee falls 25 paise to 95.33 against US dollar as oil prices top $100

The rupee depreciated 25 paise to 95.33 against the US dollar in early trade on Thursday as Brent crude price crossed the USD 100 dollar mark sharply increasing concerns over India's import bill. Forex traders said eleva...

Mint

8th Pay Commission: 5 key demands raised by Chennai GPO Pensioners Forum

The Chennai GPO Pensioners Forum has raised five key demands before the 8th Pay Commission, including restoration of OPS, higher pensions, commutation relief, revised MACP benefits and improved allowances, leave and soci...

Mint

DA news: Railway union demands Dussehra bonus calculation on higher PLB ceiling, wants ₹18,000 plus dearness allowance

For employees at Level 2 and above, the association has demanded that the ceiling be increased in proportion to their higher pay levels.

The Hindu

Indian photonics industry forms association amid AI boom

The newly formed Indian Photonics Association (IPA) estimated that its products, key in AI data centres and telecom networks, would be worth billions of dollars in the country by 2031

Business Line

From 20 days to 60 minutes: GIFT City’s investor onboarding gets a digital makeover

Investors from 90 countries have been onboarded in GIFT City

Mint

NRE vs NRO: Your money may be sitting in the wrong account; what to check; residential status, source of income and more

NRE vs NRO: Non-residents in India should update their banking by switching old savings accounts to avoid tax issues and compliance problems. 

Mint

Great companies build people first: Manish Padharia on leadership, people growth, and lasting community impact

ARaymond India, under Manish Padharia's leadership, is committed to shaping its organizational culture by empowering employees. The company prioritizes employee engagement and community contributions, believing that sust...

Business Line

Delhi airport operator DIAL files FIR against 63 social media handles for misleading content

DIAL files FIR with the Delhi Police against 63 social media handles for circulating misleading posts depicting flooding and waterlogging at the airport and falsely suggesting disruption to airport operations.

Mint

Planning to name an NRI as nominee for PPF, NSC or SCSS? Know the rules before making the nomination

An NRI can be nominated for PPF, NSC and SCSS, but the proceeds are subject to a non-repatriation condition. What happens after the account holder’s death depends on the nomination, succession rights and applicable FEM...

The Hindu

Kenya to set up high-level panel to resolve issues with Tata Chemicals unit

The committee will undertake a detailed technical review of the outstanding and unresolved compliance matters, prepare and submit a report to my office for consideration and further direction, says the Cabinet Secretary

Mint

Home loan hurting your finances? Here's how you can recover from an overstretched EMI

Experts say that equating a home loan EMI with the cost of the house may be a gross miscalculation. The real cost extends beyond this and includes stamp duty & registration, interiors & furnishing, monthl...

Business Standard

Rupee's RBI-backed rally fades, slips past 95 on oil, slowing intervention

The rupee depreciated 21 paise to 94.95 against US dollar on Wednesday weighed down by surging crude oil prices, which inched closer to the USD 100-a-barrel mark amid the simmering US-Iran tensions. A weak dollar, howeve...

Mint

8th Pay Commission: REWA seeks ToR amendment for pension and family pension revision

The Retired Employees Welfare Association (REWA), a pensioners’ body, has urged the Centre to amend the 8th Pay Commission’s Terms of Reference (ToR) to cover pension and family pension revision for retirees before 1...

Business Standard

PM Modi urges fintech sector to expand UPI globally, cut remittance costs

Prime Minister Narendra Modi on Tuesday urged the fintech ecosystem to expand the global reach of the Unified Payments Interface (UPI), connect it with local systems in other countries, and help the diaspora save on remi...

Mint

Aadhaar authentication now mandatory for ESIC beneficiaries, says Labour Ministry — here is how to do it

ESIC beneficiaries are required to link their Aadhaar with their ESIC Pehchan Card for authentication under Section 142 of the Code on Social Security, 2020. The process can be completed online through the ESIC portal.&a...

The Hindu

Notebook makers seek Govt aid to avert ‘existential crisis’

The All India Notebook Manufacturers Association said that a combination of duty-free entry due to India’s FTA with ASEAN, along with the unintended consequences of the GST rate revisions last year, are severely hurtin...

Business Line

Notebook makers urge govt to impose MIP; getting hurt from ASEAN imports

The association said the product attracts nil customs duty under the India-ASEAN free trade agreement that came into force in January 2010

Mint

Delhi HC dismisses UltraTech's plea against builders' association joining CCI in grey cement cartel probe

UltraTech challenged the Competition Commission of India’s decision before the high court, arguing that Builders Association of India should not have been made a party because it was only an informant.  

Investing.com

Clearmind gets Yale IRB approval for AUD trial enrollment

Business Standard

Rupee falls 10 paise to 94.66 against US dollar during early trade

The rupee depreciated 10 paise to 94.66 against the US dollar in early trade on Tuesday, as surging Brent crude prices near USD 97/bbl and Middle Eastern geopolitical friction dampened investor confidence. Forex traders ...

Times of India

Parents came to US for 5 months, officer allowed only 2 months as father has a job in India: NRI shares parents' entry experience, seeks advice

Business Line

Farmers in Rajasthan’s Jhalawar optimistic about higher soybean, groundnut yields

They are cultivating the oilseeds in model farms under the Vegetable Oil Mission of the Solvent Extractors’ Association of India

Mint

First female administrator in the Panama Canals history takes the helm

First female administrator in the Panama Canal's history takes the helm

The Hindu

50% of Indian firms say macro growth isn’t fully translating: CII survey

The survey by apex industry association Confederation of Indian Industry (CII), however, shows that the composite business confidence score rose significantly in Q2 in this year as compared to Q1

Business Line

Coconut shell price surge threatens India’s activated carbon exports

The Activated Carbon Manufacturers Association of India says rising raw material costs are making Indian activated carbon manufacturers increasingly uncompetitive against cheaper Chinese suppliers.

Business Standard

Rupee rises 4 paise to 94.39 against US dollar during early trade

The rupee traded in a narrow range and appreciated 4 paise to 94.39 against the US dollar in early trade on Monday, as the support from strong FCNR-related dollar inflows was negated by elevated crude oil prices amid per...

Mint

Moved abroad after retirement? How NRIs can submit their life certificate without making a trip to India

EPS supports over 85 lakh individuals, many of whom may retire abroad. Pensioners must keep their Life Certificate valid. If you cannot use the digital route or appear in person to submit, here are some other options to ...

Mint

NPS for NRIs: What happens to your account when you move abroad? PFRDA explains

Moving abroad does not automatically mean closing your NPS account. PFRDA allows NRIs to continue NPS Tier I through NRE or NRO accounts, but Tier II cannot be activated.

Mint

An email throws up fresh questions on Tata Sons' clean chit to top exec

A previously unreported email detailing Tata Sons group company secretary Suprakash Mukhopadhyay's role in soliciting an investment for his family’s wealth-advisory business raises questions over whether the internal p...

Mint

Power of attorney holder slapped with ₹29 lakh LTCG tax after property sale: ITAT decides who should pay

A recent ITAT ruling has raised an important question for property transactions. Does holding a power of attorney make you liable for capital gains tax when the property is sold? The case draws a clear line between the a...

Business Standard

Turnover-linked levy could be fairer for gig workers than payouts

As India moves to operationalise social security contributions for gig and platform workers, a seemingly technical design choice could carry outsized consequences for different segments of the platform economy: whether a...