The government is planning a postal logistics infrastructure upgrade for India Post to modernise parcel facilities, aligning them with those in developed nations, according to Communications Minister Jyotiraditya Scindia.
The Income Tax Department has clarified the applicability of TDS (Tax Deducted at Source) on interest income for banking companies under the Income Tax Act, 2025, aligning it with the Banking Regulation Act, 1949.
The Haryana government has suspended two IAS officers, Ram Kumar Singh and Pardeep Kumar, in connection with an ongoing investigation into a Rs 590-crore fraud case involving IDFC First Bank.
The Madhya Pradesh government has transferred 62 IPS officers, including 19 superintendents of police, assigning them new roles across various levels.
In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board
A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to prove her death and withdraw her money, sparking outrage and prompting government intervention.
A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to withdraw her money, sparking widespread condemnation. The bank claims it only requested valid documents, but the incident has raised questions about the treatment of vulnerable customers.
A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.
The Enforcement Directorate (ED) is investigating potential links between police officers and illegal coal smuggling operations in West Bengal, seeking details of officers in charge of multiple police stations.
The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.
What is the reason behind this drying up of talent for the top post in private banks?
HDFC Life Insurance reported a 4 per cent year-on-year increase in net profit to Rs 495.6 crore for Q4FY26, while its parent, HDFC Bank, announced a Rs 1,000 crore preferential share issuance to raise its stake to 50.5 per cent.
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
Seven women, including two wives of an accused peon, have been arrested in connection with an alleged embezzlement of Rs 5.5 crore from the District Inspector of Schools office in Pilibhit, officials said on Saturday.
The Indian government has maintained the interest rates on small savings schemes, including PPF and NSC, for the eighth consecutive quarter, starting April 1, 2026.
'Being an important institution in the banking system, we are subject to regulatory supervision, both offsite and onsite.' 'When you look at the intensity at which these levels of supervision come, we, on the board and in management, believe there should not be any surprises.'
The body of a 19-year-old youth, who had been missing for three days, was discovered on the banks of the Karnavati river in Mirzapur, Uttar Pradesh. Police have launched an investigation into the death.
Six masked men looted Rs 13 lakh from a nationalised bank branch in Jharkhand's East Singhbhum district, also snatching gold chains, mobile phones, and wallets of the staffers.
The Enforcement Directorate (ED) has arrested three founders of online gaming platform, Gameskraft, in an alleged fraud-linked money laundering case. Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the Prevention of Money Laundering Act (PMLA).
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
A man has been arrested in Uklana, Haryana, following the death of a youth in a shooting incident. The accused, identified as Pradeep, allegedly opened fire during an altercation, resulting in the death of Shubham. Police are investigating the incident and have recovered significant information.
From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.
Three children, aged between eight and 10 years, drowned in a pond at a golf course in Dwarka's Sector 24 area on Thursday morning. Police are investigating the circumstances surrounding the incident and working to identify the children and their families.
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Maharashtra minister Pratap Sarnaik announced a special verification drive from May 1 to August 15 to enforce the decision making Marathi mandatory for auto-rickshaw and taxi drivers in the state, during which no punitive action will be taken.
Haryana Chief Minister Nayab Singh Saini released over 2,115 crore directly into the bank accounts of beneficiaries under various welfare schemes, benefiting over 58 lakh eligible individuals.
A 63-year-old retired Reserve Bank of India (RBI) employee was allegedly stabbed to death inside his residence in Delhi's Mandir Marg area. Police have launched an investigation and are exploring all possible motives.
'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
A Pakistan-based gangster posted a video on social media purportedly showing the killing of a police officer in Gurdaspur, near the Indo-Pak border. A terror outfit has claimed responsibility for the incident, prompting a thorough investigation by Punjab Police.
An Iranian delegation, led by Foreign Minister Abbas Araghchi, is expected to arrive in Islamabad for the second round of peace talks with the US, according to Pakistani media reports. This follows a phone call between Deputy Prime Minister Ishaq Dar and Araghchi regarding the US-Iran ceasefire and Pakistan's diplomatic efforts.
The Congress party in Maharashtra has accused senior police officials, including an IPS officer, of involvement in a multi-crore bogus call centre racket and is demanding a high-level investigation.
rediffGURU T S Khurana answers readers' personal income tax queries
The Federation of Indian Export Organisations (FIEO) has appealed to the Reserve Bank of India (RBI) for liquidity support to Indian exporters, citing a significant increase in freight costs and extended payment cycles due to the ongoing West Asia conflict.
'As re-industrialisation gathers pace across regions like Asia, Europe and the US, a wide range of products and inputs will see demand.'
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Pakistan has increased security measures in Islamabad and surrounding areas as the US and Iran prepare for another round of peace talks. The move follows an announcement by former US President Donald Trump that American negotiators would be in Pakistan for discussions aimed at resolving the conflict between the two nations.
The Enforcement Directorate (ED) is investigating the use of foreign debit cards by a global Christian mission to withdraw crores of rupees in Naxal violence-hit regions of India. Searches were conducted in multiple states, and foreign debit cards, cash, and digital devices were seized.
'The government's decision to keep interest rates unchanged on small savings schemes will certainly constrain banks' ability to cut deposit rates further.'
The Supreme Court of India has ruled that voluntary retirement is a distinct right of employees upon completion of the required years of service, clarifying the process and employer obligations.
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