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CREDIT ASSESSMENT
From Sunil Mittal to Sridhar Vembu, Harsh Goenka on nine entrepreneurs building India as their longest, proudest projectIndustrialist Harsh Goenka lauded nine prominent Indian business leaders for their nation-building efforts. Their work spans communication,...
From finance to leadership: How technology is shaping smarter decisionsArtificial intelligence is transforming finance and leadership. AI tools now help analyse risks, detect fraud, and automate tasks. Leaders ...
Punjab government abolishes date-of-birth based tie-breaker in board examsThe Punjab government has abolished the date-of-birth-based tie-breaker system in board exams to ensure fair ranking for all high-scoring s...
Finance Minister to review flagship schemes with state-owned banks, RRBs in West Bengal: SourcesFinance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma in West Bengal. She will meet wit...
Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
Credit cover for collateral-free education loans may be raised at inter-ministerial consultationsThe government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceedi...
RBI approves Sahamati as SRO for Account Aggregator ecosystemThe Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move forma...
RBI MPC: India's Goldilocks moment dims, but the lights are not outIndia's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external sho...
Fintech WeRize raises $7 million led by Sony Innovation FundBengaluru-based fintech WeRize has secured $7 million in a funding round led by Sony Innovation Fund. The capital will bolster its AI and t...
The most effective savings products may be the ones that feel responsiveIndian households are changing how they save. Digital finance means people see their money grow more often. Banks are now offering monthly ...
Trump orders tighter banking scrutiny of undocumented migrants, warns of account seizuresPresident Trump announced an executive order to shut down and seize funds from bank accounts supporting illegal immigration or holding welf...
SBI chairman Shetty sees MPC’s repo rate pause ‘appropriate’ at this juncture: ReportSBI Chairman CS Setty anticipates the Monetary Policy Committee will pause interest rates this week. This aligns with market expectations a...
Fintech lenders corner 77% of India's personal loan market by volume in FY26Fintech lenders now lead India's personal loan market by loan count. These digital NBFCs are disbursing small-ticket loans, reaching more c...
Unified Lending Interface is a good start. Now comes the hard partIndia's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.
CBDT tells tax officers to tighten scrutiny of unexplained income, assetsThe Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and as...
RBI reviews expected credit loss rules amid concerns over impact on SME credit costsThe Reserve Bank of India is taking a closer look at its credit loss regulations, which may result in higher borrowing costs for small and ...
Street vendors earn more, go digital under PM-SVANidhiThe PM-SVANidhi scheme has significantly boosted street vendor incomes by 20%. Digital transactions by vendors have nearly doubled, reachin...
Moody's upgrades Reliance Industries rating to Baa1, now 2 notches above India's sovereign ratingThe ratings agency said Reliance benefits from "counter-cyclical business segments, significant international exposure (with over one-third...
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
TDS credit must be allowed even without income tax return, says Income Tax Appellate TribunalThe Income Tax Appellate Tribunal has ruled that tax deducted at source credit cannot be denied once income is taxed. This decision came in...