Recently, the central government announced the Unified Pension Scheme (UPS) for its employees, which will be available solely to those currently enrolled in the New Pension Scheme (NPS), including retired employees. Under the UPS, employees with a minimum of 25 years of qualifying service are promised a pension equal to 50% of their average basic ...
The Modi government is making every possible effort to accelerate India’s development journey. The central government has been working swiftly to achieve this goal. In the budget, Finance Minister Nirmala Sitharaman highlighted a strong focus on the infrastructure sector, announcing plans for several new highways and expressways. Additionally, new funds have been allocated for the ...
Vedanta Group is formulating a strategic plan worth ₹30,000 crores aimed at reducing its debt and accelerating growth. Introduction Under the leadership of Anil Agarwal, Vedanta Limited is taking significant steps to streamline its operations and finance. The company is devising a special financial plan that involves Qualified Institutional Placement (QIP), Offer for Sale (OFS), ...
A new update regarding GST returns has emerged, indicating a significant change for taxpayers. According to recent information, GST taxpayers who fail to provide valid bank account details will not be allowed to file GSTR-1 starting September 1, 2024. This announcement was made by the Goods and Services Tax Network (GSTN) in its advisory. As ...
The Indian economy is currently facing some challenges, as indicated by the recent report from the country’s largest public lender, the State Bank of India (SBI). The bank’s economists have suggested a significant slowdown in the growth of Gross Domestic Product (GDP) for the first quarter of the current financial year, which has caught the ...
The Canadian government has announced a significant new import duty of 100 percent on electric vehicles (EVs) manufactured in China. This move aligns with similar tariffs imposed by the United States, reflecting escalating tensions surrounding trade practices and market fairness. Prime Minister Justin Trudeau made the announcement during an event in Halifax, Nova Scotia, highlighting ...
In a significant turn of events, Nirmal Singh Bhangu, the owner of the infamous Pearls Group, has passed away. He was incarcerated in Tihar Jail when his health deteriorated, leading to his admission to Deen Dayal Hospital, where he unfortunately succumbed. Bhangu became a notorious figure several years ago due to his involvement in a ...
The Indian stock market has been on a remarkable upward trajectory, driven primarily by robust performances from Reliance Industries and Tata Consultancy Services (TCS). As investors celebrate remarkable gains, the recent developments in the market are worth closely examining. The Market Surge: A Record-Breaking Performance On the auspicious occasion of Janmashtami, the stock market witnessed ...
Today, Janmashtami is celebrated with great pomp and grandeur across the country. Temples have been beautifully decorated, and devotees have equally adorned their home altars and prayer spaces. According to the Confederation of All India Traders (CAIT), this auspicious occasion led to a remarkable business turnover of over ₹25,000 crores nationwide. High Demand Products During ...
India is making significant strides in solar energy, reaching impressive milestones in just six months. With major players such as Reliance, Adani, and Tata investing heavily in this sector, the country is set to transform its energy landscape. The first half of 2024 saw the establishment of approximately 15 gigawatts (GW) of solar capacity, a ...