Gold futures on the Multi Commodity Exchange (MCX) surged by ₹3,698, or 2.7%, over the past week, reaching a record high of ₹1,43,590 per 10 grams on Wednesday. The rally comes amid growing expectations of US Federal Reserve policy easing and rising safe-haven demand.Silver also witnessed a sharp rally, jumping…
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EPF Withdrawal via UPI Soon: Labour Ministry Simplifies Access
The Union Labour Ministry is developing a system that will allow eight crore Employee Provident Fund (EPF) members to directly withdraw their money using the Unified Payments Interface (UPI). The project, expected to roll out by April 2026, aims to provide quicker access to funds, streamline the withdrawal process, and…
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Auction of 6.48% Government Security 2035 Announced
New Delhi, January 14, 2026: The Government of India has announced the auction and re-issue of “6.48% Government Security 2035”. The auction aims to provide investors with a stable investment option while ensuring timely repayment of existing government securities. The outstanding balance of “6.90% OIL MKTG COS GOI SB 2026”…
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Budget 2026 Likely to Push New Tax Regime Further
As preparations for Union Budget 2026 gather momentum, India’s New Tax Regime has clearly emerged as the cornerstone of the government’s personal taxation strategy. Following the sweeping relief announced in Budget 2025, policymakers appear increasingly committed to nudging taxpayers toward a simpler, deduction-light tax structure. The sharp increase in the…
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Income Tax Refund Delays: IT Dept Flags Ineligible Claims
Amid mounting complaints from taxpayers over delayed income tax refunds for the assessment year 2025–26, the Income Tax Department has attributed the slowdown to a surge in ineligible deduction and exemption claims, urging affected individuals to file revised returns by December 31. The clarification comes as social media platforms and…
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Profits Surge, NPAs Decline: India’s Banks Strong
India’s banking sector is emerging from a decade of challenges with renewed strength, stability, and global confidence. Supported by reforms, digital transformation, and disciplined balance sheet management, the sector is delivering its strongest performance in years with record-low non-performing assets (NPAs), robust profitability, and sustained credit expansion. According to data…
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UPI Powers 49% of Global Real-Time Payments
New Delhi : India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail fast-payment system by transaction volume, according to international assessments cited in a parliamentary reply on 8 December 2025. The International Monetary Fund’s June 2025 note on growing retail digital payments acknowledged UPI’s scale, while…
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Gold price dips as dollar tops 100; MCX gold near ₹1,22,800
Gold prices on the Milti Commodity Exchange (MCX) slipped in early trade on Thursday after a stronger US dollar and the Federal Reserve’s October meeting minutes cooled expectations for a December rate cut. MCX December gold futures were trading around ₹1,22,768 per 10 grams in morning trade, while silver futures…
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Government Plans Mega PSB Merger to Strengthen Public Banks
NEW DELHI: The Indian government is considering a mega merger of public sector banks (PSBs) aimed at consolidating smaller lenders with larger state-run banks to strengthen the banking sector and support the next phase of credit expansion. According to a report by Moneycontrol, banks like Indian Overseas Bank (IOB), Central…
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ITR Filing Deadline 2025: No Extension Portal ‘Working Fine’
The Income Tax Department has confirmed that the deadline for filing income tax returns (ITR) for assessment year 2025–26 remains 15 September 2025. Amid heavy traffic and user complaints of glitches on the e-filing portal, the department clarified that the system is “working fine” and there will be no extension…