ECONOMY
Aided by sturdy present within the personal sector, the general Nationwide Pension System (NPS) belongings grew almost 30 per cent year-on-year, as of August 31, to the touch ₹13.06 lakh crore, newest PFRDA (Pension Fund Regulatory and Improvement Authority) information confirmed. Personal sector belongings (non-government sector) grew a sturdy 41.68 per cent year-on-year foundation to … Read more
World commerce in items has continued to get better within the third quarter of 2024 after a disappointing efficiency in 2023 on account of excessive inflation and rising rates of interest however outlook for commerce stays unsure on account of geopolitical tensions, weakening export orders and shifting financial coverage in superior economies, in accordance with … Read more
Centre proposes to make life simple for hundreds of thousands of Worker Pension Scheme (EPS) pensioners with a choice to implement a brand new centralised pension fee system (CPPS) for this scheme from January 1,2025. This choice, which has been taken and permitted by Mansukh Mandaviya, Labour Minister and Chairman of Central Board of Trustees, … Read more
The rupee fell 4 paise to shut at 84.02 (provisional) on Wednesday amid a pointy decline within the home fairness markets as traders stayed away from riskier property. Nevertheless, a weak greenback in opposition to main currencies abroad and a drop in crude oil costs capped additional losses within the native unit, foreign exchange merchants … Read more
With the worldwide demand for Indian spirits rising at a wholesome fee, the federal government is planning to advertise each Indian alcoholic and non-alcoholic drinks within the worldwide markets and is eyeing $1 billion (about ₹8,000 crore) exports within the subsequent few years. The commerce ministry’s arm APEDA (Agricultural & Processed Meals Merchandise Export Improvement … Read more
The Comptroller and Auditor Common of India (CAG) has signed a Memorandum of Understanding (MoU) with the UAE Accountability Authority of the United Arab Emirates (UAE). The target of this MoU — signed in Abu Dhabi on Monday — is to advertise and develop cooperation between the 2 Supreme Audit Establishments (SAIs) to be able … Read more
The Finance Ministry on Tuesday relaxed money administration pointers to spice up spending within the remaining interval of the present fiscal. The transfer turns into crucial as low government-spending as a result of basic elections has affected progress in the course of the April-June quarter of the present fiscal. Moreover, the federal government has set … Read more
The Union Labour Ministry on Tuesday invited strategies from employers’ organisations on the proposed Employment Linked Incentive (ELI) scheme. The assembly on ELI was chaired by Mansukh Mandaviya, Union Labour and Sports activities Minister, with representatives of employers’ organisations together with CII, FICCI, ASSOCHAM, PHDCCI, All India Organisation of Employers (AIOE) and Laghu Udyog Bharati. … Read more
Indian Railways has floated tenders price over ₹2,200 crore for Kavach, the indigenous automated prepare safety system, throughout a number of States together with West Bengal, Tamil Nadu, Chhattisgarh, Karnataka, Kerala and Uttar Pradesh, and masking practically 7,228 route km (rkm). Tenders embody numerous parts for Kavach equivalent to towers, optical fibres, dashboards, alongside contracting … Read more
The Nationwide Firm Legislation Appellate Tribunal (NCLAT) is about to renew on September 10-11 its closing listening to on Google’s attraction towards the Competitors Fee of India’s (CCI) ₹936 crore penalty. The tech large was penalised in October 2022 for allegedly abusing its dominant place via restrictive billing practices on Google Play Retailer. The CCI’s … Read more