Ever wondered what keeps the wheels of your local cooperative bank turning? These banks, a cornerstone of community finance, are facing some troubles. Recent reports reveal a rather concerning trend: Non-Performing Assets (NPAs), those loans that aren’t being repaid, are on the rise, particularly among Urban Cooperative Banks (UCBs). Let’s understand what this means and …
Food delivery services like Zomato and Swiggy have become a significant part of our daily lives. From ordering a quick lunch to indulging in late-night snacks, these apps are a convenience many of us rely on. However, a recent question raised in the Rajya Sabha about the possibility of a new Goods and Services Tax (GST) on …
India’s startup ecosystem is growing rapidly, and a key event helping it thrive is the Startup Mahakumbh. This event, scheduled from April 3–5 at Bharat Mandapam in New Delhi, is set to bring together startups, investors, and government stakeholders to strengthen collaboration between states and startups. The aim is to create a platform that supports …
India’s key mineral production continues strong growth in FY 2024-25 (April-February). This follows record production levels in FY 2023-24. Iron ore accounts for 70% of total MCDR mineral production by value. Iron ore production was 274 million metric tonnes (MMT) in FY 2023-24. Iron Ore and Related Mineral Production Iron ore production increased to 263 …
Today is April 1, which marks the beginning of a new financial year (FY 2026) in India, bringing fresh tax changes, revised salary structures, and updated investment rules. Unlike the calendar year, which runs from January to December, India follows an April-to-March financial year, a system rooted in history and essential for taxation, budgeting, and …
The government has changed some GST amnesty rules. This will help taxpayers to use the GST Amnesty Scheme. The deadline to pay the tax demand is March 31, 2025. You must apply for the scheme by June 30, 2025. Amendment 1: GST Tax Demand Appeals If you appeal a GST tax demand, some rules are …
From April 1, 2025, the e-invoice portal will enforce new GST e-invoicing rules. Businesses with an Annual Aggregate Turn Over (AATO) of ₹10 crore must report e-invoices. This reporting must be done within 30 days of invoice issuance. This significantly lowers the previous ₹100 crore threshold. A large number of businesses will now be affected. …
If you are a young job seeker and looking to start your career in private organisations, then PM Internship Scheme (PMIS) could be a better start. However, you need to hurry as the deadline to register for PMIS round 2 is March 31, 2025. After receiving an overwhelming response of over 6 lakh applications in …
Women are becoming major investors in mutual funds, narrowing the gap with men. As of December 2024, 1 in 4 unique individual mutual fund investors is a woman. Their investments are spread across different categories, including equity, debt, hybrid, and passive funds. Women’s Mutual Fund Investments Have More Than Doubled According to an AMFI report, …
The Indian media and entertainment (M&E) industry continued its upward trajectory in 2024, reaching a total valuation of ₹2.5 trillion (US$ 29.14 billion), according to a report by the Federation of Indian Chambers of Commerce & Industry (FICCI) and EY. While this marks a 3.3% growth from the previous year, the pace has notably slowed compared to …
