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RBI reins in JPY-linked special deposits as banks scale down premium offerings

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

NRI News

30 May 2025 02:49 AM 1k views

RBI reins in JPY-linked special deposits as banks scale down premium offerings

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

NRI News

RBI Tightens Rules on Offshore Gifting by Indian Families to NRIs

In recent years, affluent Indian families have increasingly turned to offshore gifting as a means to support their children settled abroad, whether for education, property acquisitions, or participation in investor immigration programs like the U.S. EB-5 visa. While such familial financial support is common, the Reserve Bank of India (RBI) has intensified scrutiny over these transactions, particularly when they involve significant foreign investments and large remittances. T

NRI News

01 May 2025 08:17 AM 1.13k views

RBI Tightens Rules on Offshore Gifting by Indian Families to NRIs

In recent years, affluent Indian families have increasingly turned to offshore gifting as a means to support their children settled abroad, whether for education, property acquisitions, or participation in investor immigration programs like the U.S. EB-5 visa. While such familial financial support is common, the Reserve Bank of India (RBI) has intensified scrutiny over these transactions, particularly when they involve significant foreign investments and large remittances. T

NRI News

RBI Updates Pension Rules: Life Certificate, DR Hike, Home Service & Delay Compensation

Timely pension payments are not merely a procedural matter—they are a lifeline for countless retired central and state government employees. These pensions, disbursed through authorised banks, are governed by the Reserve Bank of India (RBI)'s "Master Circular - Disbursement of Government Pension by Agency Banks". The RBI recently updated the circular, issuing a series of clarifications that aim to make the pension system more transparent, accountable, and senior citizen-fr

Finance & Economics

04 Apr 2025 05:17 AM 1.47k views

RBI Updates Pension Rules: Life Certificate, DR Hike, Home Service & Delay Compensation

Timely pension payments are not merely a procedural matter—they are a lifeline for countless retired central and state government employees. These pensions, disbursed through authorised banks, are governed by the Reserve Bank of India (RBI)'s "Master Circular - Disbursement of Government Pension by Agency Banks". The RBI recently updated the circular, issuing a series of clarifications that aim to make the pension system more transparent, accountable, and senior citizen-fr

Finance & Economics

New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1

As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1. 1. Higher Income Tax Exemption Limit

Finance & Economics

01 Apr 2025 03:32 AM 1.25k views

New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1

As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1. 1. Higher Income Tax Exemption Limit

Finance & Economics

January 6 Rioter Arrested in Canada After Fleeing US Sentence

Antony Vo, a 32-year-old man from Indiana who participated in the January 6 Capitol assault, was arrested in Whistler, British Columbia, on the four-year anniversary of the attack. Vo had been sentenced to nine months in prison for his involvement in the 2021 attack but fled to Canada before he was due to report to a US federal prison in June 2024. Vo admitted he sought refuge in Canada in hopes of receiving a pardon from President-elect Donald Trump upon his return to office. The Canada Bord

General

10 Jan 2025 20:33 PM 2.48k views

January 6 Rioter Arrested in Canada After Fleeing US Sentence

Antony Vo, a 32-year-old man from Indiana who participated in the January 6 Capitol assault, was arrested in Whistler, British Columbia, on the four-year anniversary of the attack. Vo had been sentenced to nine months in prison for his involvement in the 2021 attack but fled to Canada before he was due to report to a US federal prison in June 2024. Vo admitted he sought refuge in Canada in hopes of receiving a pardon from President-elect Donald Trump upon his return to office. The Canada Bord

General

Government Blocks 18 OTT Platforms for Obscene Content

On Wednesday, Minister of State for Information and Broadcasting, L Murugan, informed the Lok Sabha that the government had blocked 18 OTT platforms this year for publishing obscene, vulgar, and in some cases, pornographic content. This action is in line with the IT Rules of 2021, which impose specific due diligence obligations on intermediaries to ensure they take reasonable steps to prevent the spread of such content. The IT Rules also set out a Code of Ethics for publishers

General

19 Dec 2024 10:08 AM 1.22k views

Government Blocks 18 OTT Platforms for Obscene Content

On Wednesday, Minister of State for Information and Broadcasting, L Murugan, informed the Lok Sabha that the government had blocked 18 OTT platforms this year for publishing obscene, vulgar, and in some cases, pornographic content. This action is in line with the IT Rules of 2021, which impose specific due diligence obligations on intermediaries to ensure they take reasonable steps to prevent the spread of such content. The IT Rules also set out a Code of Ethics for publishers

General

TTD Board Under BR Naidu Enforces Key Reforms, Bans Politics, Renames Guesthouses, and More

The appointment of BR Naidu as the chairman of the Tirumala Tirupati Devasthanams (TTD) board has ushered in a series of transformative reforms aimed at addressing challenges left behind by the previous YCP government’s board. As the new board takes full effect, the changes introduced by BR Naidu and his team are expected to streamline operations and ensure that the Tirumala shrine continues to uphold its sanctity and efficiency. One of the most significant reforms is the comp

General

19 Nov 2024 04:01 AM 1.51k views

TTD Board Under BR Naidu Enforces Key Reforms, Bans Politics, Renames Guesthouses, and More

The appointment of BR Naidu as the chairman of the Tirumala Tirupati Devasthanams (TTD) board has ushered in a series of transformative reforms aimed at addressing challenges left behind by the previous YCP government’s board. As the new board takes full effect, the changes introduced by BR Naidu and his team are expected to streamline operations and ensure that the Tirumala shrine continues to uphold its sanctity and efficiency. One of the most significant reforms is the comp

General

Impact of Trump Presidency on Indian Exporters

With Donald Trump set to become the US president, Indian exporters may face challenges due to potential changes in trade policies. Experts suggest that the 'America First' agenda could lead to higher customs duties on goods like automobiles, textiles, and pharmaceuticals. Additionally, stricter H-1B visa rules may impact Indian IT firms, as a significant portion of their revenue comes from the US market. The US is India's largest trading partner, accounting for a substantia

Political News

07 Nov 2024 08:59 AM 1.25k views

Impact of Trump Presidency on Indian Exporters

With Donald Trump set to become the US president, Indian exporters may face challenges due to potential changes in trade policies. Experts suggest that the 'America First' agenda could lead to higher customs duties on goods like automobiles, textiles, and pharmaceuticals. Additionally, stricter H-1B visa rules may impact Indian IT firms, as a significant portion of their revenue comes from the US market. The US is India's largest trading partner, accounting for a substantia

Political News

Articles

NJ Transit Faces Safety Review Following Hackensack Train Fatalities

Elon Musk Highlights India-US Trade Potential During Visit of Indian Entrepreneurs to SpaceX Starbase

Full I-80 reopening expected by June 25 following sinkhole repairs near Warton

Raghuram Rajan warns US of economic risks from declining foreign student intake

Elk Grove Village Hospital to End Labor and Delivery Services, Sparking Public Outrage

Revanth Reddy vs KCR Set for First Major Telangana Assembly Showdown

US orders sweeping review of Green Cards from 19 nations after Washington attack

Michelle Obama Dismisses Divorce Rumors, Says She’s Prioritizing Self-Care and Well-Being

Pleasanton Community Garden Plots Now Open for 2025

"Telangana Revenue Department Issues Demolition Notices: Revanth Reddy’s Brother Among Those Affected"

#it-rules-2021

RBI reins in JPY-linked special deposits as banks scale down premium offerings

RBI reins in JPY-linked special deposits as banks scale down premium offerings

RBI Tightens Rules on Offshore Gifting by Indian Families to NRIs

RBI Tightens Rules on Offshore Gifting by Indian Families to NRIs

RBI Updates Pension Rules: Life Certificate, DR Hike, Home Service & Delay Compensation

RBI Updates Pension Rules: Life Certificate, DR Hike, Home Service & Delay Compensation

New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1

New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1

January 6 Rioter Arrested in Canada After Fleeing US Sentence

January 6 Rioter Arrested in Canada After Fleeing US Sentence

Government Blocks 18 OTT Platforms for Obscene Content

Government Blocks 18 OTT Platforms for Obscene Content

TTD Board Under BR Naidu Enforces Key Reforms, Bans Politics, Renames Guesthouses, and More

TTD Board Under BR Naidu Enforces Key Reforms, Bans Politics, Renames Guesthouses, and More

Impact of Trump Presidency on Indian Exporters

Impact of Trump Presidency on Indian Exporters

NJ Transit Faces Safety Review Following Hackensack Train Fatalities

Elon Musk Highlights India-US Trade Potential During Visit of Indian Entrepreneurs to SpaceX Starbase

Full I-80 reopening expected by June 25 following sinkhole repairs near Warton

Raghuram Rajan warns US of economic risks from declining foreign student intake

Elk Grove Village Hospital to End Labor and Delivery Services, Sparking Public Outrage

Revanth Reddy vs KCR Set for First Major Telangana Assembly Showdown

US orders sweeping review of Green Cards from 19 nations after Washington attack

Michelle Obama Dismisses Divorce Rumors, Says She’s Prioritizing Self-Care and Well-Being

Pleasanton Community Garden Plots Now Open for 2025

"Telangana Revenue Department Issues Demolition Notices: Revanth Reddy’s Brother Among Those Affected"

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NJ Transit Faces Safety Review Following Hackensack Train Fatalities

Elon Musk Highlights India-US Trade Potential During Visit of Indian Entrepreneurs to SpaceX Starbase

Full I-80 reopening expected by June 25 following sinkhole repairs near Warton

Raghuram Rajan warns US of economic risks from declining foreign student intake

Elk Grove Village Hospital to End Labor and Delivery Services, Sparking Public Outrage

Revanth Reddy vs KCR Set for First Major Telangana Assembly Showdown

US orders sweeping review of Green Cards from 19 nations after Washington attack

Michelle Obama Dismisses Divorce Rumors, Says She’s Prioritizing Self-Care and Well-Being

Pleasanton Community Garden Plots Now Open for 2025

"Telangana Revenue Department Issues Demolition Notices: Revanth Reddy’s Brother Among Those Affected"

#it-rules-2021

RBI reins in JPY-linked special deposits as banks scale down premium offerings

RBI reins in JPY-linked special deposits as banks scale down premium offerings

RBI Tightens Rules on Offshore Gifting by Indian Families to NRIs

RBI Tightens Rules on Offshore Gifting by Indian Families to NRIs

RBI Updates Pension Rules: Life Certificate, DR Hike, Home Service & Delay Compensation

RBI Updates Pension Rules: Life Certificate, DR Hike, Home Service & Delay Compensation

New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1

New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1

January 6 Rioter Arrested in Canada After Fleeing US Sentence

January 6 Rioter Arrested in Canada After Fleeing US Sentence

Government Blocks 18 OTT Platforms for Obscene Content

Government Blocks 18 OTT Platforms for Obscene Content

TTD Board Under BR Naidu Enforces Key Reforms, Bans Politics, Renames Guesthouses, and More

TTD Board Under BR Naidu Enforces Key Reforms, Bans Politics, Renames Guesthouses, and More

Impact of Trump Presidency on Indian Exporters

Impact of Trump Presidency on Indian Exporters

NJ Transit Faces Safety Review Following Hackensack Train Fatalities

Elon Musk Highlights India-US Trade Potential During Visit of Indian Entrepreneurs to SpaceX Starbase

Full I-80 reopening expected by June 25 following sinkhole repairs near Warton

Raghuram Rajan warns US of economic risks from declining foreign student intake

Elk Grove Village Hospital to End Labor and Delivery Services, Sparking Public Outrage

Revanth Reddy vs KCR Set for First Major Telangana Assembly Showdown

US orders sweeping review of Green Cards from 19 nations after Washington attack

Michelle Obama Dismisses Divorce Rumors, Says She’s Prioritizing Self-Care and Well-Being

Pleasanton Community Garden Plots Now Open for 2025

"Telangana Revenue Department Issues Demolition Notices: Revanth Reddy’s Brother Among Those Affected"

Popular Cities