In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance

Zerodha CEO Nithin Kamath has sounded a timely caution amid ongoing market volatility, warning that a sharp and prolonged crash in the Indian stock market could result in long-lasting consequences for investor sentiment. Drawing parallels with the aftermath of the 2008 global financial crisis, Kamath posted on social media platform X, stating, “By the way, if markets fall sharply, investors might stay out of the market for years—just like they did after 2008.” Kama

As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1.   1. Higher Income Tax Exemption Limit

Ensuring financial security for children is one of the primary concerns for parents. Whether planning for education, marriage, or other major milestones, choosing the right investment plan can make a significant difference. While traditional government-backed schemes like Sukanya Samriddhi Yojana (SSY) are widely known, financial experts are now highlighting the potential of Children's Mutual Funds as a flexible and high-return alternative.   Understanding Su

World Sleep Day is a global event celebrated to highlight the importance of quality sleep and raise awareness about sleep-related issues such as insomnia, sleep apnea, and disrupted sleep patterns. Organized by the World Sleep Society, this day emphasizes the impact of good sleep on overall well-being and encourages practical solutions for improving rest. One natural approach to better sleep is through Ayurvedic remedies. Ayurveda, India's traditional system of medicine, offers several ca

A loan against mutual funds is an effective financing option that allows investors to access funds without selling their investments. By pledging mutual fund units as collateral, individuals can secure a loan from banks or financial institutions. This method provides a practical solution for short-term financial needs while enabling investors to retain their portfolio and continue benefiting from market growth.   What is a Loan Against Mutual Funds?

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named "Mutual Fund Investment Tracing and Retrieval Assistant" (Mitra) to help investors track and reclaim lost, unclaimed, or inactive mutual fund investments. The initiative aims to reduce financial losses due to investor oversight, outdated KYC details, or the demise of the original investor.According to a circular issued by SEBI on February 12, 2025, an inactive folio is defined as a mutual f

The stock market has been experiencing a significant downturn, declining nearly 15% since reaching an all-time high in September. As volatility persists, investors are seeking strategies to make informed investment choices and minimize risk.   Factors Contributing to the Market Decline Several key factors have contributed to the downward trend in the stock market. One of the most recent triggers has been the announcement of fresh import tarif

The Indian Coast Guard Ship Sachet set sail for Sudan on Friday, carrying over two tons of life-saving medicines, including anti-cancer drugs, as part of India’s ongoing humanitarian efforts. The Ministry of External Affairs (MEA) confirmed the aid consignment, reinforcing India's commitment to providing relief in conflict-affected regions."Extending Humanitarian Assistance to the People of Sudan. An Indian Coast Guard Ship Sachet departed today for Sudan, carrying a consignmen

Acetaminophen, commonly known as paracetamol, has been widely used as a pain reliever during pregnancy. It is often recommended due to its perceived safety compared to other painkillers. However, recent research suggests a potential link between acetaminophen use during pregnancy and an increased risk of Attention Deficit Hyperactivity Disorder (ADHD) in children. A study conducted by the University of Washington has raised concerns, prompting discussions on whether its safety profile

Andhra Pradesh Chief Minister N Chandrababu Naidu has reassured chilli farmers that the state government is actively working to address the recent decline in chilli prices. Speaking to the media in New Delhi, Naidu attributed the sharp drop in prices to reduced global demand, which has impacted farmers who previously benefited from high international market rates. He urged farmers not to panic and assured them that necessary support measures are be

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur

The Employees’ Provident Fund Organisation (EPFO) is set to introduce a major digital upgrade by allowing employees to withdraw their provident fund (EPF) claims using the Unified Payment Interface (UPI). This move is part of the Indian government’s broader initiative to enhance digital financial transactions and streamline fund disbursements for millions of subscribers. The feature is expected to launch in the next two to three months as EPFO collaborates with the National Paymen

With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings. Key Expectations from Budget 2025 Insurance Sector Reforms:

In a recent legal development, the vacation bench of the Karnataka High Court, led by Justice Suraj Govindaraj, intervened in the case involving cricketer Robin Uthappa. Uthappa, who is the director of Centaurus Lifestyle Brands Pvt. Ltd., approached the court to challenge the recovery notices and arrest warrant issued against him. The case revolves around allegations of financial mismanagement, where U

In a shift of political support, major US business leaders and companies are lining up to donate substantial sums to Donald Trump’s 2025 inaugural committee, following his landslide victory. Corporate America, which largely supported Kamala Harris and the Democratic agenda in the 2020 presidential race, is now keen to strengthen ties with the incoming Republican administration. With some of the largest donations coming from figures like Meta’s Mark Zuckerberg, OpenAI’s Sam A

On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half

In a generous show of support for those affected by recent floods in Andhra Pradesh and Telangana, Nandamuri Balakrishna has announced a significant donation of Rs. 50 lakhs each to the Chief Minister’s Relief Funds of both states. This contribution is part of a broader effort by various film celebrities to provide aid and relief during this critical time. Today, Balakrishna’s younger daughter, Nandamuri Tejaswini, met with Telangana Chief Minister Revanth Reddy to hand

In a significant gesture of support, Andhra Pradesh Deputy Chief Minister Pawan Kalyan recently met Telangana Chief Minister Revanth Reddy at his residence in Jubilee Hills, Hyderabad. The visit was marked by Pawan Kalyan presenting a cheque for ₹1 crore as a donation to the Chief Minister’s Relief Fund (CMRF), aimed at aiding flood victims in Telangana. During the meeting, Pawan Kalyan and Revanth Reddy engaged in discussions about various issues affecting the two Telugu st

In an unprecedented event, Vijayawada experienced over 29 cm of rainfall in a single day, marking the worst flooding recorded in the history of the Krishna River. The new NDA government, led by Chandrababu Naidu, faced this severe calamity with a series of pioneering measures. This crisis prompted innovative approaches and set new benchmarks in disaster management. For the first time in India, the Andhra Pradesh government deployed drones for relief operations, delivering essential