New Delhi, Apr 13 (KNN) The Income Tax Department has introduced simplified tax forms under the Income Tax Act, 2025, effective April 1, 2026, aimed at improving ease of compliance and streamlining processes for taxpayers. Under the revised Income Tax Rules, 2026, the erstwhile Form 49AA has been replacedContinue Reading
New Delhi, Apr 30 (KNN) The Secretary, Department of Financial Services (DFS) M. Nagaraju held a high-level meeting to comprehensively review the vision and strategy of four public sector insurance companies. The DFS is a key department under the Ministry of Finance and acts as nodal authority for issues relatedContinue Reading
New Delhi, May 20 (KNN) The Reserve Bank of India (RBI) has issued final directions dispensing with the mandatory Investment Fluctuation Reserve (IFR) requirement for banks that already maintain a capital charge for market risk and adhere to the revised norms governing classification, valuation, and operation of investment portfolios. WhatContinue Reading
New Delhi, Jun 5 (KNN) The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday unanimously decided to keep the policy repo rate unchanged at 5.25 percent, while retaining a neutral monetary policy stance. The decision was taken during the 61st MPC meeting held from JuneContinue Reading
New Delhi, Apr 15 (KNN) Non-banking financial companies (NBFCs) are expected to increase their reliance on bank borrowings in FY27, supported by relatively lower interest rates in the banking system, according to Crisil Ratings. The share of bank borrowings, which rose to 43 per cent in FY26 amid higher activityContinue Reading
New Delhi, May 4 (KNN) Global brokerage Morgan Stanley has raised its forecast for India’s investment rate, citing emerging opportunities despite global concerns over oil prices and the ongoing conflict in West Asia. In its latest report, the brokerage revised India’s investment-to-GDP ratio estimate to 37.5 percent by FY30 fromContinue Reading
New Delhi, May 20 (KNN) Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks’ capital adequacy disclosures under the Basel Pillar 3 framework, aimed at improving transparency, reducing information asymmetry, and enhancing comparability of banks’ risk profiles. The central bank said the revised framework seeks toContinue Reading
