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Mutual Fund Overnight Schemes (MFOS) Introduction In India, mutual funds have emerged as a popular investment choice due to their diversification, professional management, and liquidity. Among the 26 Apr 2025 Central Board of Direct Taxes (CBDT): Structure, Functions & Role in Tax Administration Introduction The Central Board of Direct Taxes (CBDT) is the apex policy-making body for matters related to direct taxation in India. It functions under the Dep 26 Apr 2025 Simla Agreement Background Following the Pahalgam terror attack, India has decided to hold the Indus Waters Treaty (IWT) and other bilateral agreements, including the Simla Agr 26 Apr 2025

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DRDO Achieves Milestone in Hypersonic Weapon Development Context: The Defence Research and Development Laboratory (DRDL), a DRDO unit, conducted a long-duration ground test of an Active Cooled Scramjet Subscale Combus 26 Apr 2025 EPFO Introduces Revamped Form 13 to Simplify PF Transfer Process Context: The Employees' Provident Fund Organisation (EPFO) has introduced a revamped version of Form 13 to streamline PF account transfers for members chan 26 Apr 2025 Indian Bank Announces Reduced Interest Rates on Home and Vehicle Loans Key Changes: Home Loan Rates: Reduced from 8.15% per annum to 7.90%. Vehicle Loan Rates: Reduced from 8.50% to 8.25%. Benefits for Borrowers: Lower EMIs: The ra 26 Apr 2025 Direct Tax Collection in FY25 Context: The provisional net direct tax collection for the financial year 2024-25 marginally fell short of the revised target, growing 13.57 per cent to ₹22.26 26 Apr 2025 GST Appellate Tribunal (GSTAT) Procedure Rules, 2025 Notified Context: In a major step towards making the Goods and Services Tax Appellate Tribunal (GSTAT) functional, the Ministry of Finance notified the GST Appellate Tri 26 Apr 2025

RBI Imposes Penalties on Indian Bank and Mahindra Finance for Regulatory Violations Penalty on Indian Bank – ₹1.61 Crore: The Reserve Bank of India (RBI) fined Indian Bank ₹1.61 crore for: Failing to benchmark interest rates correctly on certai 26 Apr 2025 Benchmark 10-Year Government Bond to Be Introduced Next Week New 10-Year Bond Launch: The government is expected to introduce a new 10-year benchmark government bond on May 2, 2025, according to bond dealers. This move co 26 Apr 2025

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