The Uttar Pradesh government has announced a 2% hike in Dearness Allowance (DA) for its state employees. The allowance has been revised from 53% to 55% of the basic pay. This change will come into effect from January 1, 2025, and will be reflected in the April 2025 salary, which will be disbursed in May …
The Central Board of Direct Taxes (CBDT) has announced April 30, 2025, as the final date for taxpayers to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024. About the Scheme The Vivad se Vishwas (VSV) Scheme 2024 was introduced as part of Budget 2024 and became operational on October 1, 2024. It …
The capital market regulator, the Securities and Exchange Board of India (SEBI), recently, through a press release clarified the regulatory framework for Specialised Investment Funds (SIF) regarding minimum investment threshold. SEBI Fixed Minimum ₹10 Lakh Investment In a recent circular, SEBI announced that under the new regulations, investors must make a minimum investment of ₹10 …
As per the official holiday calendar released by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), trading will be suspended on April 10. This includes trading across all segments, equity, derivatives, securities lending and borrowing (SLB), currency derivatives, and interest rate derivatives. Mahavir Jayanti, also known as Mahaveer Janma Kalyanak, is one …
As global trade tensions rise, the United States has spotlighted India’s ethanol import policy in its latest National Trade Estimate Report, released on January 8, 2025. The U.S. Trade Representative (USTR) has included India among countries imposing barriers that allegedly harm American businesses and distort trade practices. India’s Ethanol Policy Under Scrutiny According to the …
On April 9, 2025, the BSE Sensex was down by 0.51%, closing at 73,847.15 while the Nifty50 fell by 0.61% at 22,399.15. Here are the day’s top gainers and losers: Top Gainers of the Day Symbol LTP %chng NESTLEIND 2,350.00 3.28 HINDUNILVR 2,349.00 2.61 TITAN 3,178.95 1.81 POWERGRID 294.1 1.78 TATACONSUM 1,087.55 1.66 Nestle India …
The Indian stock market is a dynamic and evolving landscape, with companies experiencing varying levels of growth and performance. To accurately reflect these changes, market indices are periodically rebalanced, adjusting the composition of their constituent companies to ensure they continue to represent the market’s overall performance. Recently, the S&P BSE Indices underwent a semi-annual rebalancing, …
The Indian stock market closed in the red on Wednesday, April 9, 2025, after the Reserve Bank of India (RBI) announced a 25-basis-point cut in the repo rate. Despite the rate cut from 6.25% to 6%, market sentiment remained weak as the central bank shifted its policy stance from accommodative to neutral, signalling a more …
In a significant move to bolster investor protection and reduce instances of financial fraud, the Securities and Exchange Board of India (SEBI) has issued a new directive. All regulated and registered entities are now required to use phone numbers starting with the ‘1600’ series exclusively for service and transactional voice calls to existing customers. Streamlining …
India has approved a landmark defence acquisition, clearing the way to procure 26 Rafale Marine fighter jets from France. According to news reports, the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, gave its nod to the estimated ₹63,000 crore deal, making it one of India’s largest fighter jet procurements to date. The …
