Banking & Finance

Revised Priority Sector Lending Guidelines

Effective April 1, 2025, the Reserve Bank of India (RBI) has updated its Priority Sector Lending (PSL) guidelines, increasing loan limits for housing and expanding the scope for renewable energy sector loans. Breaking Down the Revised PSL Guidelines. The Reserve Bank of India (RBI) has rolled out some big updates to its Priority Sector Lending…

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Azad Engineering IPO Analysis: Subscription Status, GMP, and Should You Consider Investing?

In the ever-evolving landscape of investment opportunities, Azad Engineering Ltd (AEL) stands out with its ongoing Initial Public Offering (IPO), scheduled to close today, December 22. As investors contemplate whether to dive into this opportunity, let’s delve into the key aspects shaping the narrative around Azad Engineering IPO. Subscription Status and Market Response: As of…

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Delhi High Court’s Rule on Reopening Tax Cases Under ₹50 Lakh: What You Need to Know

In a significant ruling, the Delhi High Court has provided clarity on the limitation period for reopening income tax assessments. According to the bench of Justice Rajiv Shakdher and Justice Girish Kathpalia, the extended 10-year period for reopening assessments applies only when the alleged concealed income exceeds ₹50 lakh. The court emphasized that in “normal…

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Fact Check | India’s Economy Surpasses $4 Trillion Mark, Unverified Reports Spark Celebration

In a surprising turn of events, speculation has arisen that India’s economy has breached the $4 trillion mark, eliciting widespread celebration from prominent figures such as billionaire Gautam Adani, Union Ministers, and Maharashtra Deputy Chief Minister Devendra Fadnavis. However, it’s essential to note that no official confirmation has been provided by the finance ministry or…

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