Key Financial Rule Changes Effective from October 1, 2024: What You Need to Know

From October 1, 2024, several key financial and tax rules will come into effect in India, impacting investments, savings, and taxation. These changes range from adjustments in Public Provident Fund (PPF) accounts for NRIs to modifications in mutual fund taxation and other banking policies. Staying informed is crucial to ensuring that your financial plans align with the new regulations. Below, we take a closer look at the 12 major changes and how they could affect you. Zero Interest on PPF Accounts for NRIs Non-resident Indians (NRIs) who hold Public Provident…

India-France Near Final Rafale Marine Jets Deal: A Strategic Boost for Indian Defense

The Importance of Rafale Jets for India India’s growing defense needs, especially in the maritime sector, have positioned the acquisition of Rafale Marine jets as a critical move. Rafale, manufactured by Dassault Aviation, is known for its multi-role combat capabilities, making it a valuable addition to the Indian Navy. The 26 Rafale Marine jets under consideration will significantly enhance India’s naval air power, replacing the aging MiG-29 fleet and boosting the nation’s maritime strike capabilities. The deal comes as part of India’s long-term defense collaboration with France, with this being…