In a move aimed at enhancing member convenience and promoting “Ease of Living”, the Employees’ Provident Fund Organisation (EPFO) has introduced a significant simplification in the transfer of Provident Fund (PF) accounts. As of January this year, EPFO has revamped the Form 13 functionality, removing the need for employer approval in most cases when an …
The Defence Research & Development Laboratory (DRDL), a Hyderabad-based facility under the Defence Research and Development Organisation (DRDO), has achieved a significant breakthrough in the development of hypersonic weapon technology. On 25 April 2025, DRDL successfully conducted the ground testing of an Active Cooled Scramjet Subscale Combustor for a duration exceeding 1,000 seconds. The testing …
Lianchuang Electronics, a prominent Chinese supplier, is in advanced discussions with Amber Electronics and Optiemus Electronics to enter India’s electronics components industry. Known for serving major clients like Oppo, Vivo, and Samsung in the country, Lianchuang is keen to capitalise on the Indian government’s ₹22,919-crore Electronics Components Manufacturing Scheme, as per a Moneycontrol report. This …
The Nifty Financial Services Index is a key benchmark that tracks the performance of India’s financial sector, covering a broad range of companies including banks, housing finance firms, insurance providers, and other financial services institutions. The index offers a comprehensive view of how this critical segment of the economy is performing. As of April 28, …
The Nifty Bank Index, also known as Bank Nifty, is a benchmark index that represents the performance of the Indian banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian banks. The index is comprised of 12 constituent stocks, including both public and private sector banks. …
Starting October 1, 2024, a key rule change brought relief to thousands of tenants paying high rents: the TDS (Tax Deducted at Source) rate on house rent payments exceeding ₹50,000 per month was slashed from 5% to 2%. However, widespread confusion has now surfaced. Many tenants, unaware of the new lower rate, continued deducting TDS …
India’s efforts to alleviate poverty over the past decade have yielded remarkable outcomes. According to World Bank estimates, extreme poverty—measured at $2.15 per day in purchasing power parity terms—declined from 16% in 2011-12 to just 2.3 per cent in 2022-23. This significant shift has lifted approximately 171 million people above the internationally recognised poverty threshold. …
The Reserve Bank of India (RBI) has been steadily augmenting its gold reserves since December 2017. In the financial year 2024-25, the central bank added 57.5 tonnes of gold, marking the second-largest annual purchase in the past 7 years. According to a report by The Economic Times, this move underscores the RBI’s continued focus on …
The Reserve Bank of India (RBI) has announced that the premature redemption for Sovereign Gold Bond (SGB) Scheme, Series I of 2020-21, will take place on April 28, 2025. In accordance with the Government of India Notification F. No. 4(4)-B(W&M)/2020, premature redemption is permitted after the completion of five years from the issue date, which …
On Monday, April 28, the Indian stock market witnessed significant gains with both Sensex and Nifty 50 climbing nearly 1% each. The Sensex surged by over 850 points, reaching 80,089 during the session, while Nifty 50 gained nearly 250 points, reclaiming the level of 24,283. As the market continued to rise, the BSE Midcap and …
