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GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India RatingsNew measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx ...
India's gold tariff hike fuels smuggling revival, squeezes banks and refinersIndia's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price...
RBI expects healthy foreign capital inflows, better balance of payments after easing measuresThe RBI is introducing new measures to attract foreign investment. These steps aim to boost capital inflows and improve India's balance of ...
Silver imports now require prior authorisation as India tightens import rulesIndia's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and p...
RBI flags US-Iran war's impact on rupee, lists measures to manage forexThe Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, th...
AIS data errors, wrong PAN entries causing ITR filing troubleErrors in Permanent Account Number entries and duplicate transactions are creating problems for taxpayers. The Income-tax Department is wor...
Outward remittances: NBFCs don't need prior RBI nod for dealer tie-upsThe framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at re...
Gold discounts in India hit record at $200/ounce as duty hike sparks sellingIndia's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices pr...
RBI eases rules for outward remittances; drops prior approval for non-bank entitiesThe Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer ...
Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJAThe Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a noti...
RBI introduces specific turnover thresholds for money changersThe Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore an...
RBI issues revised norms for entities dealing in forexThe Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money chan...
Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
RBI tightens oversight on offshore rupee trades with new FX reporting rulesThe Reserve Bank of India is bringing offshore rupee derivative trades under its regulatory watch. Authorized dealers must now report over-...
RBI asks banks to report overseas rupee OTC derivative contracts to CCILIn a move aimed at improving transparency in the derivatives market, the central bank has issued directions on 'Reporting Instructions for ...
'Next 25 years will be about intelligent scale' in financial markets: SBI ChairmanThe next 25 years in finance will prioritize intelligent scale, not just size. Artificial intelligence will be key for risk management and ...
RBI measures on currency temporary to curb volatility, says deputy governor SankarThe Reserve Bank of India's deputy governor stated that temporary curbs on banks' currency trading will be lifted soon. These measures were...
Indian banks halt gold, silver imports amid delay in government clearance, sources sayIndian banks have halted gold and silver import orders as a fresh government authorisation under DGFT is still pending, leaving tonnes of b...