The Indian government has withdrawn a policy granting tax exemptions on missile component imports, specifically removing “missiles” from the exemption list, in the wake of an ongoing investigation into Adani Defence. This reversal overturns an earlier September move that had extended tax relief broadly, and could significantly impact defense importers and domestic armament manufacturing strategies.
⚖️ Legal Reality: There Is No Absolute “Limit” So owning a large amount of gold is not illegal by itself — but you risk trouble if the Income Tax Department cannot reconcile it with your declared income. 📏 “Guidelines” for Unaccounted Gold (What People Often Quote) Even though these are not legal “limits,” tax practitioners
At the Global Fintech Fest (GFF) 2025, held in Mumbai under the theme “Empowering Finance for a Better World – Powered by AI,” Finance and Corporate Affairs Minister Nirmala Sitharaman delivered an inspiring keynote address that set the tone for the future of digital finance. Her speech focused on three core pillars — inclusion, innovation,
Traders report that the RBI is intervening in the forex market, selling dollars via state-run banks to prevent the Indian rupee from further weakening — the rupee is currently hovering near its record low of ~₹88.75 to the U.S. dollar. The central bank has been seen acting around the ₹88.80 level to counter sharp depreciation
Canara Robeco Asset Management, a joint venture between Canara Bank and Japan’s ORIX, has announced the IPO price band at ₹253 to ₹266 per share, valuing the firm at about ₹53.05 billion (roughly US$598 million). The offer is structured as an offer for sale (OFS), with existing shareholders (Canara Bank and ORIX) offloading 49.8 million
As of October 2025, the Unique Identification Authority of India (UIDAI) has introduced updates to the Aadhaar card update process. While some changes are already in effect, others are set to roll out in the coming months. Here’s a comprehensive guide to help you navigate these updates. ✅ Changes You Can Make Online (Effective November
As of October 2025, several mutual funds have delivered impressive returns since the previous Gandhi Jayanti (October 2024), with some achieving gains between 32% and 94%. Here are some notable performers: 🔝 Top Mutual Funds with 32%–94% Returns Since October 2024 Note: The above returns are based on available data and may vary depending on
India has emerged as a global leader in the clean energy transition, setting ambitious targets to achieve 500 GW of renewable capacity by 2030 and net-zero emissions by 2070. Solar, wind, hydropower, and green hydrogen are becoming the backbone of the country’s energy strategy, but the success of this transformation hinges on one critical factor:
The Indian equity market ended Friday on a strong note: Sensex rose by 223–224 points, closing around 81,207, while Nifty50 climbed ~58 points to land above 24,894. Broad gains were led by metal, consumer, and financial stocks. Analysts attributed the rally to dovish global cues, optimism around potential rate cuts, and domestic liquidity inflows. The
The Indian government is considering establishing a ₹20,000 crore (≈US$2.4B) risk guarantee fund to catalyze private investment in infrastructure. The fund would underwrite project risks, enabling developers to access capital with greater confidence and reducing the deterrent effects of cost overruns or demand shortfalls. This initiative is part of a broader push to revive private
