Finance Ministry Declines Proposal to Increase Minimum Pension; EPF Interest Rates Hit 3-Year High
The Union Finance Ministry has rejected a proposal from the labor ministry to raise the monthly minimum pension provided by the Employee Pension...
MAS Team | 15 February 2024
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Tax Benefits for Senior Citizens: Understanding Section 80TTB
Section 80TTB of the Income Tax Act presents senior citizens with advantageous tax benefits concerning the interest income garnered from various...
MAS Team | 15 February 2024
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Equity Mutual Fund Inflows Reach Highest Level in 22 Months
In January, inflows into equity mutual funds surged to a 22-month peak, propelled by sustained investments in sectoral, mid-cap, and small-cap funds,...
MAS Team | 09 February 2024
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EPFO Considers Boosting Equity Exposure by Reinvesting ETF Redemption Proceeds
According to a report by Business Standard, the Employees’ Provident Fund Organisation (EPFO) is contemplating reinvesting 50% of its proceeds...
MAS Team | 09 February 2024
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CBDT Announced Advance Notification of Income Tax Return Forms for AY 2024-25
In a proactive move, the Central Board of Direct Taxes (CBDT) has unveiled Income Tax Return Forms well ahead of time for the Assessment Year 2024-25.
MAS Team | 05 February 2024
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Sebi report flags Alarming Lack of Nominations in Demat Accounts
A recent consultation paper from the Securities and Exchange Board of India (Sebi) has unveiled a concerning trend — a staggering 9.8 crore...
MAS Team | 05 February 2024
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Retail Investors Propel Mutual Fund Industry Growth: Equity Schemes in the Spotlight
A recent analysis of the Association of Mutual Funds in India (AMFI) data paints a compelling picture of the thriving mutual fund landscape,...
MAS Team | 05 February 2024
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Passive Funds Outshine Actively Managed Schemes in 2023, Capturing 21% of Mutual Fund AUM
In a notable trend, passive mutual fund schemes have outperformed their actively managed counterparts, including equity, hybrid, debt, and...
MAS Team | 25 January 2024
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Sebi Invites Public Input on New Proposals for REITs and InvITs Issuance Framework
The Securities and Exchange Board of India (Sebi) has opened the floor for public comments on additional proposals concerning the issuance of...
MAS Team | 25 January 2024
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Sebi Cracks Down on Fund Houses Offering Incentive Trips to Distributors
The Securities and Exchange Board of India (Sebi) has turned its attention to certain fund houses that are providing sponsored trips to Mutual Fund...
MAS Team | 18 January 2024
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EPFO Announces Closure of COVID Advance Withdrawal and Introduces SOP for Account Freeze
In a significant update for subscribers of the Employees Provident Fund Organization (EPFO), two major changes have been introduced. The facility to...
MAS Team | 18 January 2024
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RBI Unveils Draft Framework for Fintech Self-Regulatory Organizations
In a notable development, the Reserve Bank of India (RBI) has introduced a draft framework outlining the essential functions, governance standards,...
MAS Team | 18 January 2024
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PFRDA Streamlines NPS Registration with New PoP Regulations
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Point of Presence (PoP) Regulations 2023, ushering in a simplified...
MAS Team | 18 January 2024
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Edelweiss Financial Services Launches NCD Offering of up to Rs2,500 Million
Edelweiss Financial Services (EFSL) has introduced a public offering of secured redeemable non-convertible debentures (NCDs), aiming to raise up to...
MAS Team | 12 January 2024
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Mutual Fund Industry Hits Rs50 Lakh Crore AUM: A Rapid Ascent and Future Horizons
The mutual fund sector in India marked a momentous achievement, crossing the Rs50 lakh crore Assets Under Management (AUM) threshold in December...
MAS Team | 12 January 2024
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RBI-MAS Collaboration Expands UPI Cross-Border Remittances: Enhanced Convenience for Users
In a collaborative effort between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS), significant strides have been made...
MAS Team | 12 January 2024
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PFRDA Advocates Tax Parity for NPS Employer Contributions, Pursuing Subscriber Growth
The Pension Fund Regulatory and Development Authority (PFRDA) has urged for an increase in tax exemptions on employer contributions to employees'...
MAS Team | 12 January 2024
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NPCI Raises UPI Transaction Limits for Hospitals and Education
In a bid to accommodate the growing ticket size in the healthcare and education sectors, the National Payments Corporation of India (NPCI) has...
MAS Team | 04 January 2024
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Robust Growth in Public Equity Fundraising Marks Calendar Year 2023
Calendar year 2023 witnessed a significant surge of 59% in public equity fundraising, reaching an impressive Rs1.44 lakh crore. This growth was...
MAS Team | 04 January 2024
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Beware of the Surge in Instant Loan Scams: Safeguard Your Finances with These Tips
In the era of digital financial transactions and instant loan applications, the ease of access has unfortunately given rise to a concerning surge in...
MAS Team | 04 January 2024
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