The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new retirement income options under the National Pension System (NPS), giving subscribers more flexibility in how they receive money after retirement. The new Retirement Income System (RIS) and drawdown options are designed to help retirees receive regular payouts while keeping part of their pension money … Read more
The Securities and Exchange Board of India (Sebi) is preparing to introduce new guidelines for artificial intelligence (AI)-driven trading systems as concerns over cybersecurity risks continue to grow. Sebi Chairman Tuhin Kanta Pandey said the regulator is working on an advisory to protect stock market systems and regulated entities from increasing threats linked to AI … Read more
India’s largest stock exchange, NSE, has officially started live trading in Electronic Gold Receipts (EGRs) from May 18. The move is aimed at making gold investment more digital, secure, and easier for investors across the country. At present, EGR vault and collection centres are operating in Ahmedabad and Mumbai. However, NSE is already expanding the … Read more
The Securities and Exchange Board of India (SEBI) has introduced new relaxations in borrowing rules for Infrastructure Investment Trusts (InvITs). These changes are designed to give infrastructure projects easier access to funds and improve financial flexibility across the sector. The updated rules come at a time when India is pushing for faster infrastructure development, especially … Read more
Withdrawing cash from a bank account no longer requires an ATM card. If your Aadhaar is linked to your bank account, you can withdraw money using the Aadhaar Enabled Payment System (AEPS). This facility is supported by the National Payments Corporation of India (NPCI) and works through micro-ATMs and banking agents, especially in rural and … Read more
Brokerage firm Motilal Oswal has shared its latest “buy” recommendations on several stocks across different sectors. These picks include telecom, steel, real estate, cement, hospitality, and more. The brokerage expects strong long-term returns from these stocks based on their target prices. Below is a simple breakdown of each stock and its expected return. Telecom and … Read more
Airport lounge access has long been one of the biggest attractions for credit card users. But now, banks are changing the rules. Earlier, many users could enjoy free lounge access simply by owning a credit card. Now, most banks are linking this benefit to how much customers actually spend using the card. This means lounge … Read more
If you use the mAadhaar app for Aadhaar-related services, there is an important update for you. UIDAI has officially announced that the mAadhaar app will soon be discontinued. In a recent post, UIDAI advised users to switch to the new Aadhaar app, which promises a smarter, faster, and safer experience for accessing Aadhaar services. The … Read more
If you are planning to invest in an IPO, this could be an important opportunity to watch. Manipal Hospitals is preparing to launch one of the biggest IPOs in India’s healthcare sector this year. According to reports, the company may start investor meetings and promotional activities as early as next week. The IPO is already … Read more
In a major relief for government employees and pensioners, the Tamil Nadu government has announced a 2% increase in Dearness Allowance (DA). Chief Minister Joseph Vijay made the announcement on Thursday amid rising inflation and increasing living costs. With this decision, the DA for state government employees, teachers, pensioners, and family pensioners has increased from … Read more
The Income Tax Department has officially started the income tax return (ITR) filing process for Assessment Year (AY) 2026-27. Taxpayers can now file returns for Financial Year (FY) 2025-26 using the newly released Excel utilities for ITR-1 and ITR-4. The department announced that both Excel utility and online filing options are now available on the … Read more