New Delhi, Jul 18 (KNN) India has initiated its first formal move towards introducing polymer banknotes, with the Reserve Bank of India (RBI) inviting global bids for the supply of specialised polymer substrates used in currency printing. The RBI’s printing subsidiary, Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), hasContinue Reading
New Delhi, Jul 29 (KNN) The Reserve Bank of India (RBI) has proposed that all securitisation notes be issued, held and transferred only in dematerialised (demat) form, as part of draft amendments aimed at improving efficiency, liquidity and transparency in the securitisation market. The central bank released separate draft amendmentContinue Reading
New Delhi, Aug 10 (KNN) The Income Tax Department is in the process of framing rules to implement a key provision from the Union Budget 2026–27 that will allow taxpayers to apply electronically for certificates authorising lower or nil deduction of tax at source (TDS), Minister of State for FinanceContinue Reading
New Delhi, Apr 16 (KNN) The Financial Intelligence Unit-India (FIU-IND) and the Securities and Exchange Board of India (SEBI) have signed a Memorandum of Understanding (MoU) to enhance coordination and information sharing in combating money laundering and financial crimes. The agreement was signed by Amit Mohan Govil, Director, FIU-IND, andContinue Reading
New Delhi, May 4 (KNN) The 7th amendment to the Insolvency and Bankruptcy Code (IBC), passed in April 2026, seeks to address prolonged delays in insolvency proceedings that have led to erosion of asset value, Crisil Ratings said in a press release. The amendment introduces mandatory timelines of 14–30 daysContinue Reading
New Delhi, May 21 (KNN) Markets regulator the Securities and Exchange Board of India (SEBI) has proposed allowing third-party payments in mutual funds under select, well-defined circumstances, marking a significant shift from the current framework that mandates all investments to originate exclusively from an investor’s own bank account. The regulatorContinue Reading
New Delhi, Jun 6 (KNN) The Reserve Bank of India (RBI) has released draft amendment directions proposing to give banks greater flexibility in pricing rupee bulk deposits, while simultaneously tightening transparency and uniformity requirements in the disclosure of deposit interest rates. The draft directions cover commercial banks, small finance banks,Continue Reading
