In March and April, India’s Unified Payments Interface (UPI) system experienced 3 major outages, affecting transactions on platforms like GPay and PhonePe. One such disruption was due to banks flooding NPCI’s servers with transaction status checks, as per news reports How the UPI System Works? UPI is based on the Immediate Payment Service (IMPS) architecture …
In the wake of the COVID-19 pandemic, investors across the world were jolted into rethinking their asset allocation. For the Indian investor, 2 favourites often take centre stage: equity (via the Nifty 50 index) and gold. Both are considered wealth-builders, but their behaviour during volatile periods often differs dramatically. The attached chart compares the growth …
According to the NDTV Profit report, in a first-of-its-kind initiative, the Central Board of Direct Taxes (CBDT) has rolled out an aggressive action plan for the fiscal year 2025–26. Setting an ambitious target of unearthing ₹2.4 lakh crore in undisclosed income, the move underscores the government’s renewed commitment to tackling black money and systemic tax …
India and France have signed a significant defence agreement valued at approximately ₹63,000 crore for the acquisition of 26 naval variants of Rafale fighter jets. These jets, manufactured by French aerospace major Dassault Aviation, will be deployed aboard India’s indigenous aircraft carrier, INS Vikrant, enhancing the Indian Navy’s operational readiness. Key Features of the Procurement …
Overseas remittances by Indian residents under the Liberalised Remittance Scheme (LRS) witnessed a significant decline in February 2025. According to data released by the Reserve Bank of India (RBI), outward remittances dropped by 29% to $1,964.21 million compared to $2,768.89 million recorded in January. A closer examination reveals multiple factors contributing to this sharp fall, …
In an effort to fast-track the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGMBY), the Union Finance Ministry has instructed banks to rely exclusively on the National Portal for all consumer validation, installation verification, and site feasibility assessments. According to a recent report, physical verification, often cited as time-consuming, will be phased out in favour …
The Prime Minister Internship Scheme (PMIS) is a flagship initiative by the Government of India aimed at equipping young individuals with practical work experience, industry exposure, and improved employability. Designed as a year-long program, PMIS offers structured internship opportunities across India’s top 500 companies, helping bridge the gap between academic learning and real-world job …
The New India Co-operative Bank (NICB) has been grappling with severe challenges since the Reserve Bank of India (RBI) imposed restrictions on its operations on 13 February. The situation stems from a ₹122 crore embezzlement case, leading to the arrest of eight individuals so far. This financial scandal has left thousands of depositors anxious about …
Residential transactions across key Indian cities witnessed a notable 77% increase between FY19 and FY25, reaching a total of 5.44 lakh units, according to a report by Square Yards. This data underscores a strong resurgence in homebuying activity, reflecting changing consumer preferences and robust demand for housing post-pandemic. Primary and Secondary Markets: A Closer Look …
In a significant move to safeguard market integrity, the Securities and Exchange Board of India (SEBI) has directed Patel Wealth Advisors Pvt Ltd (PWAPL) and its associates to return over ₹3.22 crore in illegal gains. This follows an extensive investigation into large-scale “spoofing” practices, a manipulative trading tactic previously seen in limited instances in Indian …
