Investments

Filing an ITR doesn’t guarantee closure. Notices may still arrive if the tax department detects inconsistencies, high-risk transactions, or underreporting of income. Source

UPS, notified by the Ministry of Finance, came into effect from April 1, 2025. It is a new retirement framework for Central Government civil servants and serves as an optional alternative to the National Pension System (NPS). Source

The six-month window will be open from July 7 to January 6, 2026, as part of the regulator’s effort to ease investing and safeguard investor rights. Source

The fund will be open for subscription from July 4 to July 18, 2025, under a thematic – services category, benchmarked against the NIFTY Services Sector TRI. Source

In his keynote address at TransUnion CIBIL’s Credit Conference, RBI Deputy Governor M Rajeshwar Rao said identity standardisation remains a key challenge in the country’s credit information framework. Source

The Growth NAV model accumulates the fund’s income directly into the NAV. This eliminates daily unit allocations and reduces the frequency of TDS deductions. Source

The Ladki Bahin scheme was launched in August 2023 by the Mahayuti government, ahead of the November 2024 assembly polls. It provides monthly financial aid of ₹1,500 to eligible women between the ages of 21 and 65. Source

This development follows the recent launch of JioBlackRock’s first set of mutual fund offerings. Source

The Ministry of Finance reviews the GPF interest rate every quarter. The current rate remains unchanged from the previous quarter. Source

The New Fund Offer (NFO) opened on June 30 and will close on July 14. Source