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DEPARTMENT OF NON BANKING SUPERVISION
GST relief for gaming companies raises hopes across the sectorTax authorities have taken a softer approach towards gaming companies in the first four final GST orders issued after the Supreme Court rul...- RBI appoints Sudhakar Malli as Executive Director with effect from October 1The Reserve Bank of India has appointed Sudhakar Malli as Executive Director with effect from October 1. Malli, previously Chief General Ma...
- Sebi penalises SMC Global Securities for compliance lapsesSebi has levied a penalty of Rs 1 lakh on SMC Global Securities due to regulatory infractions, particularly the mishandling of client order...
- NRI child sending money to parents in India: Why a tax-free gift can still trigger an income-tax noticeParents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny fro...
- SC refuses to interfere with freeze on bank accounts of Trinamool CongressThe Supreme Court recently refused to lift the debit freeze on four bank accounts belonging to Trinamool Congress. This decision hampers th...
- Bengal weighs pooling closed PSUs, sick firms for land bankWest Bengal is preparing to create a land bank from closed Central PSUs, State PSUs, and sick industries. Several parcels of land have been...
- Are banks open tomorrow on October 2 for Gandhi Jayanti? Check government, private bank holiday statusBanks will be closed across India on October 2, 2026, as branches observe Gandhi Jayanti, including SBI and banks in the public, private, f...
- US says it conducted experiment aimed at improving ability to detect nuclear blastOn September 30, the US National Nuclear Security Administration conducted a chemical high-explosive experiment in Nevada. The experiment a...
- Elon Musk to co-lead 'Project Meridian' on future of warfare, announces US War Secy Pete HegsethUS Secretary Pete Hegseth announced the formation of Project Meridian to study future warfare strategies. Elon Musk will co-lead this initi...
- KPSC paper leak: ED alleges IAS officer supplied Veterinary Officer exam paper for bribesGyanendra Kumar Gangwar, an IAS officer, allegedly leaked the Veterinary Officers Recruitment Examination question paper for money. The Enf...
- Contaminated water in Indore's Bhagirathpura result of decades of systemic failure: Probe commissionThe water contamination that resulted in multiple deaths in Bhagirathpura was reviewed by a commission. The commission revealed that system...
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
- Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?A wedding gift of ₹10 lakh in cash sounds like a reason to celebrate, but one woman's post about her cousin's gift has sparked a very diffe...
- Redefining global finance: Emergence of alternative payment infrastructureChairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, ...
- Employee quits after 6 months of burnout leads to hospitalization; in a shocker, boss offers promotion, salary raise of their choice and 3 months off in bid to keep themAn employee from Philippines faced intense burnout after repeatedly taking on more than they could handle at work. Following a stressful ho...
- CDSCO issues fresh warning on painkillers: Repeated NSAID use may affect kidneys; Check what the drug regulator advises patients and doctorsThe Central Drugs Standard Control Organisation has released a crucial advisory highlighting the potential risks associated with painkiller...
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
- Holding companies, NBFCs rejig assets, income to escape RBI scrutinyGroups are restructuring NBFC and holding-company balance sheets to stay outside RBI’s regulatory definitions and avoid registration and co...
- US Market: Fed proposes new rules for stablecoin issuers under GENIUS ActThe US Federal Reserve proposed rules for dollar-backed stablecoin issuers, advancing implementation of the GENIUS Act. The framework would...
- Lesson from HDFC Bank controversy: Boards of companies should not conduct business in hasteDirectors are custodians of various interests - shareholders, customers, the state, regulators, industry, employees.... They often encounte...
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