The week ended Feb 14, 2025, saw the Indian stock market in negative territory, where Nifty 50 closed all 5 sessions in red. During the week, BSE Sensex and Nifty both dropped ~3%, with the highest drop of 1.32% at the closing on February 11, 2025. At the end of the week, i.e., Feb 14, …
The Indian government has introduced the Income Tax Bill 2025 in Parliament, aiming to overhaul the existing Income Tax Act, 1961 (ITA), which has been in force for over 6 decades. The bill seeks to simplify tax laws, enhance compliance, and modernise the taxation system. While it is set to replace the old legislation, its …
The Securities and Exchange Board of India (SEBI) has once again approached the government, seeking powers to take down unregulated financial advice from social media platforms like WhatsApp and Telegram. It has also requested access to call and message data records from these platforms for market investigations. This is the second such request since 2022, …
Fast fashion is renowned not only for its ability to deliver the latest runway trends but also for its affordability. In 2023, the global fashion industry was valued at an impressive $1.7 trillion. While India’s overall fashion market grew by just 6% in FY24, the fast fashion sector saw a robust 30-40% year-on-year growth, with …
In a significant ruling, the Supreme Court of India has reaffirmed that only state governments—not the Centre—have the authority to impose taxes on lotteries. A bench comprising Justices BV Nagarathna and Satish Chandra Sharma dismissed appeals filed by the central government, which had sought to levy service tax on lottery distributors under the Finance Act. …
A significant step towards skill development and employment generation was taken as the Apparel Training & Design Centre (ATDC), Gurugram, signed a Memorandum of Understanding (MoU) with South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited (CIL). The initiative, under the Ministry of Coal’s jurisdiction, aims to empower underprivileged youth from Chhattisgarh and …
The National Payments Corporation of India (NPCI) has introduced a new chargeback rule for Unified Payments Interface (UPI) transactions, effective from 15 February 2025. The rule aims to streamline dispute resolution by automating chargeback acceptance or rejection based on Transaction Credit Confirmation (TCC) and return requests (RET). Understanding Chargebacks in UPI Transactions A chargeback is …
In an effort to safeguard investor interests, the Securities and Exchange Board of India (SEBI) has proposed a structured framework to handle unclaimed funds and securities lying with stockbrokers. According to SEBI, as of January 31, 2024, unclaimed funds in the market had reached ₹323 crore, while unclaimed securities amounted to ₹182 crore. These unclaimed …
The Securities and Exchange Board of India (SEBI) has proposed amendments to the margin pledge system to enhance transparency and prevent the misuse of client securities by brokers. The draft circular, open for public comments until 4 March, aims to address concerns related to brokers retaining invoked securities in their demat accounts, thereby reducing systemic …
The National Commodity & Derivatives Exchange Limited (NCDEX) announced on February 12, 2025, its entry into the equity and equity derivatives segment, marking a significant diversification beyond its traditional agricultural market. The decision was made during the exchange’s 155th Board Meeting held on Wednesday. “The Board of Directors of the Exchange at its meeting held …
