-
Individuals spared from new FEMA reporting requirement: RBI clarifies
Individuals undertaking forex transactions for personal purposes will not be covered by the Reserve Bank of India’s (RBI) new FEMA reporting requirements, Governor Sanjay Malhotra clarified on Wednesday, as concerns grew among freelancers, content creators and small service exporters. The RBI said it will soon issue a set of FAQs to clear the confusion surrounding…
-
MDR a small fee, will not have major impact on UPI volumes: RBI Governor Malhotra
Reserve Bank of India Governor Sanjay Malhotra addresses a press conference on its Monetary Policy announcement and repo rate hike from 5.25% to 5.50%, in Mumbai on October 7, 2026. | Photo Credit: ANI Reserve Bank of India Governor Sanjay Malhotra on Wednesday (October 7, 2026) said levying a “small fee” in the form of…
-
GST Council meets tomorrow, tax experts say reforms must move beyond rates to processes, compliance
With the Goods and Services Tax (GST) system having settled down, revenues remaining steady, and rates having been rationalised, tax experts across the board say the priority for the GST Council in its 57th meeting on October 8 should be on decisively easing the compliance burden for taxpayers. The GST Council will meet in New…
-
Women are twice as likely to use public transport for work commute | Data
Women, during the launch of the free bus travel ‘Shakti’ scheme for Women at Vidhana Soudha, in Bengaluru on June 11, 2023. | Photo Credit: MURALI KUMAR K The National Household Travel Survey (NHTS), which captures how people in India travel to the workplace, shows a clear gender divide in mobility and the modes used…
-
RBI has done what it can with interest rates for now, but heavy lifting on inflation will fall on government
Reserve Bank of India (RBI) Governor Sanjay Malhotra and MPC members at a press conference on its Monetary Policy announcement and repo rate hike from 5.25% to 5.50%, in Mumbai. | Photo Credit: ANI The decision of the Reserve Bank of India’s Monetary Policy Committee to hike interest rates was seeming increasingly inevitable in the…
-
OpenAI to watermark ChatGPT text in EU under AI Act rules
OpenAI will begin adding an invisible watermark to eligible text generated by ChatGPT and Codex in the European Union (EU), as the company moves to comply with transparency requirements under the EU’s AI Act. The company said the rollout would take place over the coming weeks and apply to eligible users across all ChatGPT and…