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Central Government Issues Notification on 24% Hike in MPs’ Pay and Perks

Central Government Issues Notification on 24% Hike in MPs’ Pay and Perks

25 March 2025

The Ministry of Parliamentary Affairs has officially notified a 24% increase in the salaries of Members of Parliament, effective from April 1, 2023. The revision is based on the Cost Inflation Index and marks the first hike since 2018. Revised Salary Structure With the updated structure, an MP’s monthly salary has increased from ₹1,00,000 to …

Finance Bill 2025 Amendment: India Proposes to Scrap 6% Equalisation Levy on Online Ads

Finance Bill 2025 Amendment: India Proposes to Scrap 6% Equalisation Levy on Online Ads

25 March 2025

On March 24, 2025, the Indian government introduced a significant amendment to the Finance Bill 2025, proposing the removal of the 6% equalisation levy on online advertising services. Commonly referred to as the “Google Tax,” this levy was imposed on payments made to non-resident digital service providers for online advertisements accessed by Indian users. If …

PLI 1.1 Draws ₹17,000 Crore to Fuel India’s Self-Reliance in Specialty Steel

PLI 1.1 Draws ₹17,000 Crore to Fuel India’s Self-Reliance in Specialty Steel

25 March 2025

India’s steel industry is undergoing a transformation. With the launch and expansion of the Production-Linked Incentive (PLI) Scheme for specialty steel, the government is doubling down on its commitment to making India self-reliant in high-grade steel production.  The second round of the scheme, dubbed PLI 1.1, has garnered strong industry participation and is poised to …

RBI’s Revised PSL Norms to Boost Renewable Energy and Affordable Housing from April 1

RBI’s Revised PSL Norms to Boost Renewable Energy and Affordable Housing from April 1

25 March 2025

The Reserve Bank of India (RBI) has released a comprehensive revision to its Priority Sector Lending (PSL) guidelines, with changes set to take effect from April 1, 2025. These new measures are aimed at refining the allocation of bank credit to economically and socially significant sectors of the Indian economy. According to the central bank, …

Is the Centre Changing the Retirement Age of Government Employees from 60?

Is the Centre Changing the Retirement Age of Government Employees from 60?

25 March 2025

In recent weeks, speculation around a possible change in the retirement age for central government employees resurfaced, sparking discussions across departments and public forums. However, the Ministry of Personnel has put all doubts to rest with an official clarification during a parliamentary session. No Change in Retirement Age, Says Government Union Minister Jitendra Singh, while …

Key Takeaways from SEBI Board Meeting: FPI Threshold Raised, Advance Fee Norms Revised

Key Takeaways from SEBI Board Meeting: FPI Threshold Raised, Advance Fee Norms Revised

25 March 2025

The Securities and Exchange Board of India (SEBI), in its 209th board meeting held in Mumbai on March 24, 2025, approved several critical regulatory measures aimed at strengthening governance, improving transparency, and facilitating ease of doing business across various segments of the capital market ecosystem.  The decisions span across Foreign Portfolio Investors (FPIs), Alternative Investment …

New India Co-op Bank Scam: 8th Accused Promised 50% Interest on Stolen Funds

New India Co-op Bank Scam: 8th Accused Promised 50% Interest on Stolen Funds

25 March 2025

In a startling revelation that has gripped Mumbai’s financial and legal circles, the Economic Offences Wing (EOW) is investigating a complex embezzlement case involving the New India Co-operative Bank.  The case revolves around the alleged misappropriation of ₹122 crore from the bank’s vaults and a series of fraudulent investments that followed. The latest arrest has …

USD/INR: Rupee Softens Amid Oil Uptick, Bond Borrowing Surge on Mar 25, 2025

USD/INR: Rupee Softens Amid Oil Uptick, Bond Borrowing Surge on Mar 25, 2025

25 March 2025

The Indian Rupee (INR) weakened on Tuesday after strengthening for nine consecutive sessions, despite continued US Dollar (USD) sales from foreign banks and a resurgence in foreign inflows. The USD/INR exchange rate edged higher to 85.71, reflecting a 0.17% gain at 1:25 PM, as of March 25, 2025. The pair traded within a range of …

JSPL, Jindal Power Among Winners in Latest Coal Mine Auctions

JSPL, Jindal Power Among Winners in Latest Coal Mine Auctions

25 March 2025

The 11th round of commercial coal mine auctions has concluded successfully, with strong industry participation highlighting continued interest in India’s coal sector. A total of 12 coal mines were auctioned, achieving an impressive average revenue share of 36.27%, as per the data from the ministry. These mines are expected to generate an annual revenue of …

SEBI Board Meeting: Regulator Allowed AIFs to Invest in Debt Securities

SEBI Board Meeting: Regulator Allowed AIFs to Invest in Debt Securities

25 March 2025

India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has relaxed regulations for foreign investors, alternative investment funds (AIFs), and registered investment advisors (RIAs) in response to the growing trading volumes in the cash equity market. Change in AIF Regulation The regulator has eased the rules for Category II AIFs, allowing them …

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