The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for employees to activate their Universal Account Numbers (UAN) to December 15, 2024. This extension gives employees extra time to link their UAN with Aadhaar and bank accounts—a mandatory step to receive Employment Linked Incentive (ELI) scheme benefits directly through the Direct Benefit Transfer (DBT) …
On December 6, 2024, Maharashtra observes Mahaparinirvan Diwas, marking the 68th death anniversary of Dr. B.R. Ambedkar. This significant day sees thousands gathering at Chaityabhoomi in Mumbai to honour his legacy. Here’s a concise guide on what’s open and closed in Maharashtra on this day. Government Offices The Maharashtra government has declared a local holiday …
The Securities and Exchange Board of India (SEBI) has clarified that digital platforms used by regulated entities (REs) to engage with third parties are not required to register as specified digital platforms (SDPs). SEBI also stated that there is currently no regulatory framework governing SDPs. Role of SDPs and Exemptions for REs SDPs are platforms …
The Government has been promoting ethanol blending with petrol through the Ethanol Blended Petrol (EBP) Programme. Under this initiative, ethanol blending has increased from 188.6 crore litres in 2018-19 to over 700 crore litres in 2023-24. On December 03, 2024, The Ministry of Petroleum & Natural Gas announced that Ethanol blending in petrol has reached …
The Securities and Exchange Board of India (SEBI) is the authority in charge of supervising and regulating the securities and capital markets in India. It was founded in 1988 as a non-statutory organisation and was granted statutory status in 1992 with the enactment of the SEBI Act, 1992. SEBI Revised Guidelines for Stock Brokers On …
On December 4, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 80,956.33, up by 110.58 points or 0.14%. Similarly, the Nifty50 also closed at 24,467.45, up by 10.30 points or 0.04%. Sectoral Performance On Wednesday, Nifty FMCG, Nifty Auto and Nifty Oil & Gas ended in the …
The Securities and Exchange Board of India (SEBI) has proposed a new online monitoring and supervision framework aimed at enhancing the quality and accountability of system audits for stock brokers. This framework seeks to address several issues identified in current audit practices and introduce a more transparent and efficient system. Under the proposed framework, SEBI …
The Employees’ Provident Fund Organisation (EPFO) plays a vital role in securing the financial future of millions of Indians. Managing a colossal corpus of ₹24.75 lakh crore as of March 2024, EPFO invests in both debt and equity instruments following the guidelines set by the Department of Financial Services, Ministry of Finance, and the Central …
The Ministry of Micro, Small and Medium Enterprises (MSME) has been actively implementing schemes to boost the sector’s growth and support entrepreneurs. One of the flagship initiatives is the Prime Minister’s Employment Generation Programme (PMEGP), a credit-linked subsidy program started in 2008-09. This scheme, managed by the Khadi and Village Industries Commission (KVIC), aims to …
The BSE Small Cap index continues to capture investor attention with its steady performance. On Tuesday, December 3, 2024, it outperformed the Sensex, gaining nearly 1% compared to the Sensex’s 0.60% rise. This article dives into the historical performance of the BSE Small Cap index, focusing on December trends and key statistical insights. Recent Performance …
