With effect from May 1, 2025, all financial institutions, financial companies, and other RBI-regulated organisations will be required to use the PRAVAAH portal for submission of applications for ...

The Reserve Bank of India's plan to buy ₹1.25 lakh crore ($14.66 billion) of bonds in May will likely lower the cost of overnight interbank funds, effectively acting as a rate cut, according to ...

But there's a catch: If the donor is not a relative, any gift over Rs 50,000 is taxable in India for the receiver as "income from other sources" (Section 56(2)(x) of the Income Tax Act ... is in ...

China’s foreign ministry has urged all parties in the controversial sale of CK Hutchison Holdings’ overseas ports to “act prudently ... for Market Regulation, which released a statement ...

Indian Bank has been penalised for contravention of provisions of Section 26A of the Banking Regulation Act,(BR Act) and non-compliance with directions issued by RBI on interest rate on advances, ...

The RBI has significantly eased FEMA regulations by capping penalty amounts for violations at Rs 2 lakh, a substantial reduction from the previous system of penalties based on a percentage of the ...

“The original objective of the Waqf (Amendment) Act, 2025 is to increase the efficiency of the ... This law has been enacted to address the issues and challenges in the regulation and management of ...

WASHINGTON (Reuters) -The Environmental Protection Agency sent termination notices on Tuesday to staff who work on environmental justice programs at its headquarters and across regional offices ...

They will also need to ensure timely KYC updates at regular intervals, as directed under the RBI’s KYC norms. The new rules will enable a minor of any age to be able to set up and operate a savings or ...