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Government Considering Hike in Minimum Pension for EPS-95 Pensioners

utweb2018@gmail.com January 13, 2025 0

The government is reportedly reviewing an appeal to raise the minimum pension for private-sector employees covered under the Employees’ Provident Fund Organisation (EPFO). Currently set at ₹1,000 per month, the Employees’ Pension Scheme (EPS-95) beneficiaries are seeking a Continue Reading

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Technical Glitches Disrupt GSTR-1 Filing Ahead of January 11 Deadline

utweb2018@gmail.com January 10, 2025 0

Businesses across India are facing challenges as the Goods and Services Tax Network (GSTN) portal encounters technical issues, delaying the filing of GSTR-1 returns for December 2024. With the January 11 deadline fast approaching, taxpayers have raised concerns about the portal’s unavailability, which has also hindered access to past data and the ability to respond Continue Reading

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Apple Fires Employees Over Alleged Misuse of Matching Grants Program; TANA Under Investigation

utweb2018@gmail.com January 9, 2025 0

Apple has reportedly terminated several employees of Indian origin in the US for allegedly exploiting its corporate matching grants program, according to the Times of India. The program allows Apple to match employee donations to eligible charities, but some employees allegedly fabricated donation records and redirected matched funds back to themselves. While reports Continue Reading

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Gold Import Data Revised Downwards, Trade Deficit Narrows by $5 Billion

utweb2018@gmail.com January 8, 2025 0

The Directorate General of Commercial Intelligence and Statistics (DGCIS) has revised India’s gold import figures for November 2024 to $9.8 billion, significantly lower than the previously reported $14.8 billion. The $5 billion reduction was attributed to a “calculation error” caused by alleged double counting of gold shipments in warehouses following a Continue Reading

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Tesla Reports First Annual Delivery Decline in Nine Years Amid Stiff Competition and Demand Slowdown

utweb2018@gmail.com January 3, 2025 0

Tesla has reported a 1.1% drop in yearly vehicle deliveries for 2024, marking its first annual decline in nearly a decade, with 1.79 million units sold, below analysts’ estimates of 1.806 million. Despite offering lucrative year-end incentives like interest-free financing and free fast-charging, the EV maker struggled to counter reduced European subsidies, growing Continue Reading

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Big Lenders Urge RBI to Use FX Swaps Amid Surge in Currency Financing Costs

utweb2018@gmail.com January 2, 2025 0

Several major lenders in India have requested the Reserve Bank of India (RBI) to consider injecting liquidity into the financial system using foreign-exchange (FX) swaps. This comes as short-term currency borrowing costs have surged to a four-year high. In recent informal discussions, the lenders suggested that FX swaps could provide much-needed liquidity by enabling the Continue Reading

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PM Modi to Inaugurate Flats for JJ Cluster Residents and Major Development Projects in Delhi

utweb2018@gmail.com January 2, 2025 0

Prime Minister Narendra Modi will inaugurate 1,675 newly built flats for Jhuggi Jhopri (JJ) cluster residents under the Swabhiman Apartments project in Ashok Vihar, Delhi, on January 3, 2024. Part of the Delhi Development Authority’s (DDA) In-Situ Slum Rehabilitation Project, these flats aim to provide affordable housing with essential amenities. Beneficiaries will Continue Reading

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RBI to Sell Government Bonds Worth ₹4.73 Lakh Crore in Jan-March 2025

utweb2018@gmail.com January 1, 2025 0

The Reserve Bank of India (RBI) has announced plans to sell government bonds worth ₹4.73 lakh crore during the January-March 2025 quarter. These bonds, aimed at State Governments and Union Territories, will be issued through weekly auctions, the schedule for which will include details of participating states and UTs. The auctions will be conducted based […]Continue Reading

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Mutual Fund Industry Surges with Record Rs 17 Lakh Crore Growth in 2024

utweb2018@gmail.com December 24, 2024 0

The Indian mutual fund industry witnessed a stellar performance in 2024, adding an unprecedented Rs 17 lakh crore to its assets under management (AUM), reaching a record-high of Rs 68 lakh crore by November-end. This 33% growth, compared to Rs 50.78 lakh crore at the end of 2023, was fueled by robust equity markets, economic […]Continue Reading

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SEBI Bans YouTube Finfluencer Ravindra Balu Bharti, Imposes ₹9.49 Crore Fine

utweb2018@gmail.com December 19, 2024 0

The Securities and Exchange Board of India (SEBI) has barred YouTube finfluencer Ravindra Balu Bharti, his company Ravindra Bharti Education Institute, and three associates from accessing the securities market until April 4, 2025, and imposed a ₹9.49 crore penalty for “unlawful gains.” The ban follows allegations of running an unregistered investment advisory business. Continue Reading