The Supreme Court has upheld the right of banks to recover over 30% interest on credit card dues and reversed a 2008 decision by the National Consumer Disputes Redressal Commission (NCDRC). The judgment clarifies that such charges do not fall under unfair trade practices, but are within the ambit of the Reserve Bank of India’s

India may cut income tax for individuals earning up to ₹15 lakh a year in the February budget, according to government sources. The move is aimed at relieving the financial burden on the middle class and boosting consumer spending amid an economic slowdown. It will help millions of taxpayers, particularly urban residents battling high living