Anusha N 
ICAI’s AI Initiative to Combat Financial Fraud: In an ambitious move to curb the growing menace of financial frauds, the Institute of Chartered Accountants of India (ICAI) — the world’s largest accountancy body — has announced a sweeping digital transformation of its education and training ecosystem. With financial frauds costing India nearly ₹30,000 crore every … Read more
L&T Finance Launches: Mumbai: L&T Finance (LTF), one of India’s leading non-banking financial companies (NBFCs), has announced the launch of ‘Pitch Point’, a startup competition aimed at identifying and supporting AI-driven innovations in the BFSI and Non-BFSI sectors. The initiative comes ahead of RAISE’ 25, the country’s premier AI-focused event for the financial services industry, … Read more
Centre Releases Rs 680 Crore Finance Commission: The Union Government has recently released Rs 680.71 crore as the first installment of untied grants under the Fifteenth Finance Commission (XV-FC) for rural local bodies and Panchayati Raj institutions in West Bengal for the financial year 2025–26. The announcement, made by the Ministry of Panchayati Raj on … Read more
Senate Finance Committee: The Senate Finance Committee on Wednesday approved the nomination of Donald Korb to serve as Chief Counsel of the Internal Revenue Service (IRS), moving his appointment one step closer to final confirmation by the full Senate. The approval came mostly along party lines, with all Republican members voting in favor, joined by … Read more
Faster Cheque Clearance From October 4: Starting October 4, 2025, banks across India will implement same-day cheque clearance, marking a major step forward in payment efficiency and security. The Reserve Bank of India (RBI) has updated its cheque settlement framework to ensure faster processing, reduce delays, and enhance the reliability of cheque transactions. Currently, cheque … Read more
Transforming Public Finance: India’s vision of becoming a USD 5 trillion economy depends crucially on the efficiency and strength of its Public Finance Management (PFM) system. A robust PFM ensures that every rupee collected is used effectively, supporting revenue mobilisation, prudent expenditure, accountability, and transparency. Collectively, these factors create the fiscal space necessary for high-impact … Read more
UPS Deadline Extended: The Finance Ministry has announced an extension of the deadline for opting into the Unified Pension Scheme (UPS), giving central government employees additional time until November 30, 2025. The decision comes in response to a tepid uptake among eligible employees under the National Pension System (NPS), along with requests from stakeholders for … Read more
BoB and IIFL Finance: Bank of Baroda (BoB) and IIFL Finance have announced a strategic co-lending partnership aimed at expanding access to gold loans for underserved and unbanked customers across semi-urban and rural India. The collaboration is designed to provide faster, more affordable, and easier credit to small borrowers, particularly those engaged in agriculture and … Read more
FinMin Directs Financial Institutions: In a strong move aimed at tightening public finances and promoting responsible spending, the Ministry of Finance has issued an advisory to all financial institutions — including the Reserve Bank of India (RBI) and other public sector banks — instructing them to stop spending on festival gifts and non-essential expenses ahead … Read more
Wall Street Is Reframing Climate Finance: New York Climate Week has never been bigger — or more telling about the shifting priorities of global finance. As hundreds of investors, bankers, and policymakers descended on Manhattan for one of the most significant climate-focused events of the year, a subtle but powerful narrative shift emerged: climate finance … Read more