Subsidiary vs Sister vs Associate vs JV vs Conglomerate: Key Corporate Structures Explained

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Overview These terms describe different forms of corporate relationships that are particularly relevant in the banking and financial sector for regulatory compliance, risk management, and consolidated financial reporting under the Companies Act, 2013 and RBI guidelines. Each structure differs in terms of ownership, control, liability, and financial reporting treatment. A clear understanding of these distinctions…

Union Budget 2026 — What Banks and Taxpayers Need to Know

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Date presented: 1 February 2026Presented by: Finance Minister Nirmala SitharamanContext: The Union Budget 2026 🇮🇳 continues India’s efforts to sustain growth amid global economic pressures, while balancing fiscal prudence and long-term tax reforms. 📊 Overview: Growth, Deficit and Fiscal Strategy The government maintained a focus on macro-economic stability. With strong infrastructure spending and targeted incentives,…

Union Budget 2026: Key Takeaways for Banking Sector

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India’s Union Budget 2026, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, emphasizes financial sector reforms under the Viksit Bharat vision. It highlights the banking system’s strong balance sheets and profitability while announcing measures to enhance efficiency, inclusion, and growth. High-Level Banking Committee The budget proposes a high-level committee to review the banking…

How to apply for Overseas Citizen of India (OCI)

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To apply for an Overseas Citizen of India (OCI) card, complete the online application through the official OCI Services portal: https://ociservices.gov.in. Upload all required self-attested documents, along with your photograph and signature. After completing the online process, submit the printed application form, supporting documents, and applicable fees at your local VFS Global center, Indian Mission,…