Following the tragic Air India Flight 171 crash in Ahmedabad on June 12, 2025, the Insurance Regulatory and Development Authority of India (IRDAI) has moved quickly, urging all insurers to fast-track claim settlements for victims and their families. Key Directives for Insurers The IRDAI has issued several crucial directives to ensure prompt support: Compensation and … Read more
SBI Reduces FD Interest Rates, New Rates Effective June 15th If you’re an SBI Fixed Deposit (FD) holder, get ready for some changes! The country’s largest public sector bank, State Bank of India, has reduced interest rates on all its FDs, with the new rates coming into effect on June 15th. This move follows the … Read more
Futures and Options (F&O) trading has seen a significant number of participants incur losses, with nearly 93% of traders facing an average loss of ₹2 lakh each in FY23 and FY24, according to SEBI. A common misconception among these traders is that F&O losses don’t need to be reported in their Income Tax Return (ITR). … Read more
The GST Council is considering a major shake-up of the cess regime, aiming to replace the current compensation cess with two new levies: a Health Cess and a Clean Energy Cess. This shift is planned for March 31, 2026, when the existing compensation cess is set to expire. Why the Change? The compensation cess was … Read more
EPF Withdrawals: Your Guide to Accessing Your Provident Fund Money As a salaried employee in India, your Employees’ Provident Fund (EPF) account is a vital part of your financial planning. Each month, a portion of your salary, along with your employer’s contribution, is deposited into this fund. But what happens when you need to access … Read more
The Central Board of Direct Taxes (CBDT) has just dropped some significant updates regarding Income Tax Return (ITR) filing for 2025, particularly concerning mandatory scrutiny. If your case falls into certain categories, it’s highly likely you’ll be getting a notice. New Rules for Mandatory ITR Scrutiny The CBDT has outlined specific conditions that will trigger … Read more
EPF Withdrawal Rules 2025: Your Guide to Accessing PF During Unemployment, Retirement, or Debt If you’re employed, you likely have a Provident Fund (PF) account, with monthly contributions from both your salary and your company. While this fund builds for your future, there are times you might need to access it sooner. Understanding when, how, … Read more
Helicopter Accident in Kedarnath Sector today Rescue operations by NDRF and SDRF teams currently underway Operations of Aryan Aviation for the Char Dham Yatra have been suspended with immediate effect Aryan Aviation’s Bell 407 helicopter (Reg. VT-BKA), operating the sector “Shri Kedarnath Ji – Aryan Helipad, Guptkashi,” was involved in a tragic accident today. There … Read more
Prime Minister’s departure statement ahead of three-nation tour to Cyprus, Canada and Croatia Today, I will embark on a three-nation tour to the Republic of Cyprus, Canada and Croatia. On June 15-16, I will visit the Republic of Cyprus at the invitation of President H.E Nikos Christodoulides. Cyprus is a close friend and an important … Read more
An NRI in the US found himself in a tax predicament when selling his Pune property, facing a ₹46 lakh tax demand due to a buyer’s error in using the wrong TDS form. Despite the NRI following all proper procedures, the buyer deposited the 20% TDS using Form 26QB (for resident sellers) instead of the … Read more
