ECB's Lagarde says bond selloff will slow inflation - Reuters

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• This TDS reporting form replaces 4 different forms

  Briefing:** The Income Tax Department has introduced a single, unified Form 141 to replace four previous forms for reporting tax deducted at source (TDS) on various transactions. This new form consolidates the reporting requirements for immovable property transfers, rent payments, contractor payments, and virtual digital asset transfers. Key points: Unified Reporting Form:** Form 141 replaces Forms 26QB, 26QC, 26QD, and 26QE, covering immovable property transfers, rent payments, contractor payments, and vi…

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• IMF urges support for poorer nations facing high inflation, war spillovers

  The International Monetary Fund (IMF) is urging support for poorer nations facing high inflation, war-related price shocks, and debt burdens. Managing Director Kristalina Georgieva highlighted discussions with global policymakers, noting both optimism and worry. Vulnerable nations are being left behind in the AI investment boom, spending 8 to 14 percent of their revenue on debt repayments, up from previous years. High global interest rates mean lower-income countries now spend a significant portion of their revenu…

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• India's HDFC Bank quarterly profit rises 4.7%, narrowly misses estimates as treasury income slumps - Reuters

  India's HDFC Bank reported a 4.7% increase in quarterly profit, narrowly missing analyst estimates, as treasury income fell sharply, contributing to the shortfall. The bank's performance highlights challenges in the Indian financial sector amidst economic uncertainties.

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