Business

Explained: What Double Contributions Convention means for social security benefits of Indians working in UK

admin1 week ago012 mins

The DCC determines where social-security contributions are paid. (Image for representative purpose only) Employees movement from one country to another for work usually brings questions around the minimum salary, immigration and taxes. Such moves can also trigger less obvious social security obligations in both countries, potentially increasing the cost of an international assignment. This was…

Does Trump’s 60-day tariff waiver really give relief to India? What it means for US trade deal & oil prices

admin1 week ago010 mins

Trump invoked Section 115 of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 to issue the waiver. What does US President Donald Trump’s decision to waive sanctions on Russia and tariffs on countries buying oil from Moscow really mean for India? The US decision to waive the proposed sanctions under the Lindsey…

Women are earning, saving and borrowing, but who controls their money? India’s financial literacy divide

admin1 week ago011 mins

Women need to take charge of their financial decisions while society to move on from patriarchal mindset “He died at 40. She couldn’t even access his digital life.”A wealth adviser recounted the story of a client who did not know her husband’s banking passwords and was “forced into an exhausting battle, navigating government offices, collecting…

You earn, save and invest. But are you financially literate? 10 questions to ask

admin2 weeks ago010 mins

Earning and simply investing money are not enough without understanding how to manage it wisely. NEW DELHI: “Understand before you invest.” Many must have received a message from the Securities and Exchange Board of India (Sebi) through its awareness initiative, “Samajh Se Investing Simple”.But how much do you really need to know about money and…

18 years after the 2008 financial meltdown: How a crisis born in US reshaped India

admin1 month ago010 mins

The crisis changed India in many ways. September 19, 2008: A world wrapped in uncertaintyThe global financial crisis erupted from the US housing market, where easy credit, rising home prices and risky mortgages had fuelled a massive boom. As borrowers defaulted and mortgage-linked assets collapsed, losses spread across banks and financial institutions.Lehman Brothers’ collapse on…

MDR on person-to-merchant UPI payments above Rs 2,000: Who pays and what changes for you? FAQs answered

admin1 month ago017 mins

MDR applicability is determined by overall merchant account categorisation. A Merchant Discount Rate (MDR) of 0.4% will be applicable on person-to-merchant UPI transactions above Rs 2,000 from October 15, 2026, as per the latest notification from NPCI. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.Merchant Discount…

From Suez to Russia’s Arctic: Why India, China are betting on Northern Sea Route & why it matters

admin2 months ago011 mins

India is planning to send its first cargo ship through the Northern Sea Route in 2027. Donald Trump’s trade and tariff policies, sanctions risks, and the ongoing Middle East route disruptions have led economies like India to reassess their supply chain strategies. The US-Iran war and the Houthi attacks in the Red Sea have exposed…

India, China, Canada and more: 10 countries still under Trump’s tariff squeeze and why

admin2 months ago012 mins

Trump’s tariff strategy has kept uncertainty high for governments and businesses From India and Canada to Iran and Venezuela, the countries may be thousands of miles apart and have little in common economically. Yet they have found themselves facing the same problem: an unpredictable US trade policy under President Donald Trump, in which tariffs and…

Received income tax notice under Section 143 (3) ? What is faceless assessment & how you should respond

admin2 months ago010 mins

Assessments under Section 144B of the Act are often described as both “faceless” and “jurisdiction-less”. India’s faceless assessment regime is an important part of a broader strategy to move away from manual, officer-led discretion-based scrutiny to a technology-led standardised and transparent tax administration. It significantly reduces the need for in-person meetings, improves accountability, and ensures…

How long can the world & India absorb the US-Iran war oil shock?

admin2 months ago010 mins

Global oil stocks are under pressure, and the scale of disruption is particularly difficult to determine. The US-Iran war may have led the world to see one of the biggest oil supply disruptions in history but crude prices have largely seen a limited spike. But, for how long? The Middle East conflict is showing no…