For Non-Resident Indians (NRIs), securing health and term insurance for themselves and their families back in India is more than just a financial obligation—it is a critical step toward safeguarding their loved ones and managing long-term security. As global citizens, NRIs often weigh the pros and cons of buying insurance in their country of residence versus opting for policies in India. What tips the scale in favor of Indian insurance are three strong reasons: affordability, extensive

In a noteworthy development signaling the economic progress of Andhra Pradesh, the state has recorded its highest monthly Goods and Services Tax (GST) collection in nearly a year. The GST revenue generated in the state for the month of March 2025 has reached an impressive ₹3116 crore, breaking past the ₹3000 crore milestone for the first time in the last 11 months. This also marks an 8.35 percent year-on-year growth compared to March of the previous year, indicating an upward trend in tax

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

Choosing between a fixed and floating interest rate for a home loan is a crucial financial decision. Both options come with advantages and risks, and selecting the best one depends on your financial goals, market trends, and risk appetite. A fixed rate offers stability, while a floating rate provides flexibility and potential savings. Understanding the differences between these loan types will help you make an informed decision based on your repayment capacity and future market expectations.

Indian stock markets experienced a significant fall in early trade on Monday, even though the Reserve Bank of India (RBI) announced a rate cut and the Bharatiya Janata Party (BJP) emerged victorious in the Delhi Assembly elections. The benchmark indices opened lower and continued to decline amid growing selling pressure. The BSE Sensex lost over 600 points, while the NSE Nifty dropped nearly 200 points.   The Sensex hit a low of 77,189.04, down from the previous session&

Coromandel International Ltd. has won an appeal to quash an order to recover Rs 589.2 crore, including penalty and interest, from the company. The original order, filed by the additional commissioner of central tax from the Visakhapatnam Central GST Commissionerate, was contested successfully by the company. The Office of the Commissioner (Appeals), Central Tax and Customs, Guntur, ruled in Coromandel's favor on January 20, 2025. In a related matter, the fertilizer manufacturer

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

India, having recently surpassed China as the world's most populous country, faces a significant demographic challenge. Fertility rates have dramatically declined across the country, especially in southern states like Tamil Nadu and Andhra Pradesh, where rates have fallen below the replacement level of two children per woman. This poses a dual challenge: the southern states worry about the implications for political representation and federal revenues, as population shifts could reduce th

As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the

Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets. Bitcoin has risen over 77% in the last year, and its rec

On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory. Expert

A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

A panel of state ministers, established by the Goods and Services Tax (GST) Council, is set to convene in Goa on September 24 and 25. This six-member group, led by Bihar Deputy Chief Minister Samrat Chaudhary, will review the implications of rate rationalization on at least 100 items. The discussions aim to analyze potential changes in GST slabs and rates, particularly focusing on essential goods. During the two-day meeting, the panel will explore various