Page 8 - Finance News
RBI intervenes aggressively as rupee rebounds after hitting record lows
The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on the day at 91.07
 "RBI intervenes aggressively as rupee rebounds after hitting record lows")
Insurance industry flags concerns over proposed Insurance Amendment Bill
Under the proposed Bill, the revised definition of insurance business seeks to allow insurers to enter into non-insurance contracts as well
 "Insurance industry flags concerns over proposed Insurance Amendment Bill")
Insurance Amendment Bill to ensure accessibility, affordability for all: FM
Nirmala Sitharaman further noted that India needs further capital infusion into the insurance sector
 "Insurance Amendment Bill to ensure accessibility, affordability for all: FM")
Exit regulation amendments: PFRDA allows loans against pension savings
Partial withdrawal norms for NPS accounts rationalised; annuity mandate at retirement relaxed for smaller balances
 "Exit regulation amendments: PFRDA allows loans against pension savings")
Belated return: Claim refunds, credits, carry forward house property loss
If you file an updated return later, you will have to pay interest and additional tax, and will not be able to claim refunds
 "Belated return: Claim refunds, credits, carry forward house property loss")
Tax hierarchy sees reshuffle as Odisha, Telangana take unexpected leads
Smaller states such as Odisha and Telangana are emerging as the fastest-growing contributors to GST and direct taxes, challenging the long-held dominance of India's traditional economic powerhouses
 "Tax hierarchy sees reshuffle as Odisha, Telangana take unexpected leads")
Foreign firms can't claim full head office expense deduction in India: SC
Tax experts said the ruling brings finality to the treatment of inter-office expenses for foreign banks and other multinational enterprises with Indian branches
 "Foreign firms can't claim full head office expense deduction in India: SC")
States should improve tax base, prevent revenue leakages: MoS finance
States have been provided financial assistance of Rs 4,24,227 crore since 2020-21 under the Scheme of Special Assistance to States for Capital Expenditure and Investment
 "States should improve tax base, prevent revenue leakages: MoS finance")
Year-end fund review: Is underperformance cyclical or fundamental?
Temporary underperformance could be due to the fund manager's investment style not being favoured by the market currently; wait out such phases
 "Year-end fund review: Is underperformance cyclical or fundamental?")
Fintechs hold steady in changing terrain as unsecured credit business grows
Growth fueled by digital infrastructure and co-lending, as fintechs shift to asset-light models amid tighter funding
 "Fintechs hold steady in changing terrain as unsecured credit business grows")
Banks asked to offer basic services to customers at all branches
Lenders nudged to cut charges and maintain uniformity
 "Banks asked to offer basic services to customers at all branches")
Microfinance institutions remain in pain even as green shoots appear
Microfinance portfolios fall for the sixth straight quarter despite improved asset quality, as credit access tightens
 "Microfinance institutions remain in pain even as green shoots appear")
PLI cumulative incentive disbursement reached ₹23,946 crore: Jitin Prasada
Government data shows PLI schemes for 12 sectors drove over ₹18.7 lakh crore in incremental production/sales as of September 2025
 "PLI cumulative incentive disbursement reached ₹23,946 crore: Jitin Prasada")
Goa nightclub fire incident exposes EPFO's compliance failure: Officers
EPFOA alleges that the nightclub's EPF-registered entity, M/s Being GS Hospitality Goa Arpora LLP, never deposited provident fund dues since its coverage
 "Goa nightclub fire incident exposes EPFO's compliance failure: Officers")
RBI revises cash credit and overdraft norms to boost monitoring, discipline
The Reserve Bank of India has introduced revised norms governing cash credit, current and overdraft accounts, aiming to give banks greater operational flexibility while strengthening credit discipline
What are the best term insurance premium rates for young professionals?
Check out the term insurance rates from various insurers for young male professionals living in a large city
 "What are the best term insurance premium rates for young professionals?")
PFRDA widens pension fund investment rules to boost returns and diversity
The changes were announced in a circular on Wednesday and are effective immediately
 "PFRDA widens pension fund investment rules to boost returns and diversity")
Bank of India raises ₹2,500 crore in tier II bonds at 7.28% cut-off
Bank of India raised Rs 2,500 crore via 10-year tier II bonds at a 7.28 per cent cut-off with a call option after five years; HUDCO raised Rs 1,905 crore via seven-year bonds at 6.98 per cent
 "Bank of India raises ₹2,500 crore in tier II bonds at 7.28% cut-off")
RBI proposes full disclosure of forex transaction costs for retail users
RBI has proposed that authorised dealers give retail users a full break-up of transaction costs for forex cash, tom and spot contracts, including all fees, exchange rates and conversion charges
NSFI for relook at BC payouts, use network for cross-selling
The move for the overhaul of the BC channel comes even as the National Institute of Bank Management submitted its report on the channel though it is not yet public
 "NSFI for relook at BC payouts, use network for cross-selling")