What Are Sovereign Gold Bonds? Sovereign Gold Bonds (SGBs) are government-backed securities issued by the Reserve Bank of India (RBI) on behalf of the Government of India. These bonds are denominated in grams of gold and serve as an alternative to holding physical gold. Investors benefit not only from the potential appreciation in gold prices …
In a significant development for India’s electronics manufacturing sector, Apple Inc. has ramped up its iPhone exports from the country amidst global trade uncertainties. The move comes at a time when geopolitical shifts and rising tariffs are forcing tech giants to reconsider their supply chain strategies. iPhone Exports Soar Amid Global Trade Tensions Apple’s iPhone …
As per the news reports, the number of new demat accounts opened in March dropped to the lowest in nearly two years, according to data from NSDL and CDSL. The slowdown comes amid increased market volatility and reduced activity in the primary market. 2.04 Million New Accounts in March As per news reports, 2.04 million …
In a landmark move to enhance cybersecurity across India’s Banking, Financial Services, and Insurance (BFSI) sector, the Ministry of Electronics and Information Technology (MeitY), through CERT-In and CSIRT-Fin, in collaboration with global cybersecurity firm SISA, launched the first Digital Threat Report 2024. This report presents a comprehensive landscape of existing and emerging cyber threats faced …
The Income Tax Department has specific provisions under the Income Tax Act, 1961, that exempt certain senior citizens from filing Income Tax Returns (ITR), provided they meet the required conditions. This applies to Assessment Year 2025-26 as well. Eligibility Under Section 194P Section 194P was introduced under the Finance Act, 2021, and has been in …
The Securities and Exchange Board of India (SEBI) has taken a significant step to safeguard investor rights by scrutinising the client agreements signed between Mutual Fund Distributors (MFDs) and investors. In particular, SEBI has found that certain clauses in these agreements provide undue indemnification to distributors, effectively shifting the burden of responsibility onto the investor, …
The Employees’ Provident Fund Organisation (EPFO) has announced new measures to simplify and speed up the online withdrawal process for its members. Two major requirements have been removed to reduce delays and claim rejections. Cancelled Cheques No Longer Required EPF members are no longer required to upload a cancelled cheque or passbook copy when submitting …
According to news reports, India is considering a phased reduction of auto import tariffs from over 100% to 10% as part of its ongoing trade negotiations with the European Union, according to government and industry-related reports. Ongoing Trade Talks The trade talks between India and the EU have been ongoing for several years. In February …
In 2024, one in five reported cyberattacks in India targeted the Banking, Financial Services, and Insurance (BFSI) sector. This data was published in the Economic Survey 2025. The volume and complexity of threats are expected to rise in 2025. Digital Threat Report 2024 Released The Ministry of Electronics and Information Technology (MeitY), along with CERT-In, …
Credit card defaults in India have increased sharply in 2024. According to the latest data from the Reserve Bank of India (RBI), non-performing assets (NPAs) in the credit card segment rose 28.42% year-on-year, touching ₹6,742 crore as of December 2024. This is a rise of nearly ₹1,500 crore from ₹5,250 crore in December 2023. Credit …
