Investments

Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing can be corrected if appropriate steps are taken in a timely manner. Source

Ambit estimates that the hike will be significantly higher than the ~14% increase approved under the 7th Pay Commission, the lowest increment since 1970. The expected pay revision is seen as a move that could spur consumption in the run-up to 2026, when the new structure is proposed to take effect. Source

Strong mark-to-market (MTM) gains and robust investor flows supported this growth. Net inflows in June stood at ₹49,095 crore. Almost 95% of this came from equity and hybrid funds. Source

Silver prices in India mostly track international rates. They also depend on the rupee-dollar exchange rate. If the rupee weakens against the dollar and global prices stay flat, silver gets costlier for Indian buyers. Source

In India, gold trades at ₹99,000 for 10 grams of 24 karat gold, ₹90,750 for 10 grams of 22 karat gold, and ₹74,250 for 10 grams of 18 karat gold, as per Goodreturns data. Source

The utilities are available on the department’s official portal: incometax.gov.in. Source

CRED’s data also shows an impact on credit profiles. About 40% of users saw their credit scores improve after gaining more visibility and control over payments and dues. Source

The firm believes that periods of consolidation often build a launch pad for future gains in the yellow metal. It noted that earlier this year, strong demand from China supported gold prices. Source

ICICI Lombard said IRDAI had issued various regulatory prescriptions in the past year, including master circulars. New India Assurance said IRDAI has the right to inspect all insurers. Source

NIPL is working with UAE regulators, acquirers, and partners to enable UPI in sectors such as retail, hospitality, entertainment, transport, and essential services. Source