The Indian government recently announced a ₹2 per litre increase in Special Additional Excise Duty (SAED) on both petrol and diesel, effective from April 8. This move has sparked curiosity and concern among many, especially about whether the retail prices of petrol and diesel will rise. Let’s break it down in simple terms to understand …
Amid widespread social media claims that the retirement age for central government employees has been raised to 62 years, government authorities have confirmed that no such change has been made. The Press Information Bureau (PIB) and Lok Sabha have both reiterated that there is no proposal under consideration to increase the retirement age beyond 60 …
In India, health insurers are now required by regulation to offer mental health coverage on par with physical ailments. This mandate stems from the Mental Healthcare Act, 2017 and the subsequent IRDAI directive in 2018, which made it compulsory for all health insurance providers to include mental health in their policies. However, while the coverage …
A recent GTRI report predicts a decline in India’s merchandise exports to the US in 2025. This decline is estimated at US$5.76 billion due to the imposition of higher tariffs by the Trump administration. Impact on Key Sectors Several sectors will be significantly affected, as per the Global Trade Research Initiative report. These include gems …
As per news reports, the ‘One State-One RRB’ plan is expected to be launched soon by India’s Finance Ministry. This plan aims to consolidate 43 Regional Rural Banks (RRBs) into 28. This will increase operational efficiency and reduce costs. Consolidation Details Most consolidation work is complete. The fourth round of mergers will happen soon. As …
Manasi Ghosh, a talented singer from Kolkata, emerged victorious in the 15th season of the popular reality show Indian Idol. Her melodious voice, emotional connect, and consistent performances made her a fan favourite and earned her the winner’s trophy. With her win, she took home a cash prize of ₹25 lakh and a brand-new car, …
The details of ITR filings released by the Income Tax department can shock you. As of March 31, 2025, 3.24 lakh individuals filed income tax returns (ITR) for over ₹1 crore! Of these, 2.97 lakh individuals reported incomes between ₹1 and ₹5 crore! ITR Filings By High-Income Earners The data shows 16,797 individuals filed ITRs …
In a progressive move, the Department of Personnel and Training (DoPT) has issued an order allowing female government employees and pensioners to nominate their children for family pension, instead of their husband, under specific legal circumstances. This decision marks a significant step towards protecting the interests of women navigating marital disputes or facing domestic challenges. …
As per news reports, India is unlikely to immediately retaliate against the 26% tariff imposed by President Donald Trump on US imports from the country. The Indian government is prioritising negotiations for a bilateral trade agreement that could lead to reduced duties and more balanced trade relations. Pursuit of a Balanced Trade Agreement According to …
The Reserve Bank of India (RBI) commenced its bi-monthly meeting on Monday, April 7, to review and set the key benchmark interest rates, or repo rates. RBI MPC will mark the first monetary policy session for the FY2025- 26 and will determine the central bank’s lending rates, with the decision to be announced on Wednesday, …
