Latest Updates Around The World
Personal portfolio bonds for Australian expats are life insurance-based investment structures used to manage long-term assets while living outside Australia. They are often used to determine how investment income, capital gains and withdrawals are taxed once Australian tax residence changes. This article explains: How does a personal bond portfolio work for Australian expats? Do you […]
The RBI has relaxed prudential norms on capital adequacy for non-banking finance companies (NBFCs) lending to high-end infrastructure projects even as it has extended a high level of protection to the lenders under new amendment guidelines. The amendment guidelines are primarily aimed at aligning risk weights with the actual risk characteristics of operational infrastructure projects, […]
This scheme provides employers and employees, who have been unintentionally excluded from ESI coverage, a one-time period to register without having to worry about retroactive coverage or punitive measures. | Photo credits: iStock The Employees’ State Insurance Corporation (ESIC) has extended the deadline for the Scheme to Encourage Registration of Employers and Employees, which was […]
ICICI Bank has launched the Capital Gains Account Scheme (CGAS), which allows customers to deposit uninvested long-term capital gains or sale proceeds and claim tax exemptions, while planning reinvestments for up to three years. | Photo credit: FRANCIS MASCARENHAS ICICI Bank has launched the Capital Gains Account Scheme (CGAS) to enable customers to deposit uninvested […]
The International Financial Services Centers Authority (IFSCA) has notified regulations to operationalize Global In-House Centers (GICs) in IFSCs, with the aim of positioning them as global hubs for high-quality financial services. The International Financial Services Centers Authority has notified regulations to make the Global In-House Centers (GIC) operational. This aims to develop IFSCs as a […]
The Enforcement Directorate has seized a high-end property near Buckingham Palace in London in connection with a Rs 1,400-crore bank fraud case involving former S Kumars Nationwide chairman Nitin Kasliwal. | Photo credit: The Enforcement Directorate (ED) has seized a British-based high-end property near Buckingham Palace in a bank fraud case worth Rs 1,400 crore, […]
Scheduled commercial banks (SCBs) have seen a sharp rise in their exposure to the capital markets and real estate sectors, with public and private sector banks more than doubling advances to both segments over the past five years. Banks’ outstanding advances to both sectors also hit a six-year high in March 2025, RBI data showed. […]
The PFRDA board has approved the framework in principle. A scheduled commercial bank can now independently set up a pension fund to manage the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) said. The PFRDA board has approved the framework in principle. This has been done “with the aim of strengthening […]
