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News
India Focuses on Energy Security at G20 Talks in Houston
6+ hour, 46+ min ago (269+ words) Whalesbook Union Minister of Power and Housing and Urban Affairs, Manohar Lal, is leading the Indian delegation at the G20 Energy Ministerial Meeting in Houston, taking place from September 14 to 16, 2026 This summit brings together global leaders to navigate a difficult period…...
Banks Seek RBI Approval to Clear ₹1 Lakh Crore Trade Mismatches
4+ hour, 2+ min ago (253+ words) Whalesbook Indian lenders are in talks with the Reserve Bank of India (RBI) to address a significant backlog of unsettled cross-border trade transactions The total value of these outstanding entries is estimated at approximately â¹1 lakh crore, with many of…...
Airbus Must Register for GST in Gujarat for Defense Supply
20+ hour, 59+ min ago (248+ words) Whalesbook The Gujarat Authority for Advance Ruling (AAR) has issued a significant clarification regarding tax compliance for high-value defense procurement The regulator determined that Airbus is required to obtain GST registration in Gujarat for the supply of 40 C-295MW transport aircraft to…...
RBI Governor: Fintechs Must Treat Data as Trust, Not Business Asset
3+ day, 11+ hour ago (328+ words) Whalesbook At the Global Fintech Fest in Mumbai on September 10, 2026, Reserve Bank of India (RBI) Governor Sanjay Malhotra issued a clear directive to the fintech industry: customer data should be treated as something held in trust, rather than a commodity…...
India Exchange Chiefs Pivot to Global Strategy at Fintech Fest
4+ day, 22+ hour ago (298+ words) Whalesbook Indiaâs major stock exchangesâthe National Stock Exchange (NSE), BSE, Multi Commodity Exchange of India (MCX), and the Metropolitan Stock Exchange of India (MSEI)âare recalibrating their strategic priorities At the Global Fintech Fest 2026 in Mumbai, the…...
NITI Aayog Proposes Using UPI Data to Boost MSME Credit
4+ day, 20+ hour ago (269+ words) Whalesbook At the Global Fintech Fest 2026, NITI Aayog Vice-Chairman Dr Ashok Kumar Lahiri emphasized that India must leverage digital financial tools to address a major bottleneck in the economy: the limited availability of credit for smaller businesses Currently, Indiaâs…...
FAST-DS Tax Scheme: Deadline and Compliance Guide for Taxpayers
4+ day, 18+ hour ago (333+ words) Whalesbook The Central Board of Direct Taxes (CBDT) has introduced the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), a voluntary compliance window designed for resident taxpayers to regularize previously unreported offshore financial assets The scheme, which became operational in August…...
NIPL, FOMO Pay Bring UPI Payments to Singapore Merchants
4+ day, 20+ hour ago (310+ words) whalesbook.com NPCI International Payments Limited (NIPL), a subsidiary of the National Payments Corporation of India, has launched a strategic partnership with Singapore-based payment institution FOMO Pay This collaboration enables the use of the Unified Payments Interface (UPI) at merchant…...
SBI Cuts Free Other-Bank ATM Limits for Salary Accounts
4+ day, 20+ hour ago (247+ words) whalesbook.com State Bank of India (SBI) has updated its policy for Salary Package Account holders regarding ATM and Automated Deposit cum Withdrawal Machine (ADWM) usage at other banks Effective October 1, 2026, the number of free monthly transactions at non-SBI machines…...
RBI Drains Surplus Cash Via FX Swaps as Liquidity Hits Record High
4+ day, 20+ hour ago (244+ words) whalesbook.com On September 9, 2026, the Reserve Bank of India (RBI) intervened in the foreign exchange market to manage the massive amount of extra cash circulating in the banking system The central bank employed a "sell-buy swap" mechanism to address this…...