The 8th Central Pay Commission (CPC) has been a topic of much discussion among central government employees and pensioners. More than one crore employees across India are eagerly waiting for updates on pay hikes and other changes that may come with the commission. Formation and Terms of Reference (ToR) The central government announced the formation …
India is the world’s 2nd largest producer of aluminium, ranks among the top 10 producers of refined copper, and is the 4th largest iron ore producer globally. Production of key minerals in India has experienced strong growth during FY 2024-25 (April-January), following record production levels in FY 2023-24. Iron Ore Production Iron ore, which accounts …
The Employees’ Provident Fund Organization (EPFO) has released the provisional payroll data for December 2024, showcasing significant employment trends and member additions. Net Addition in December 2024 In December 2024, EPFO recorded a net addition of 16.05 lakh members. This represents a 9.69% increase in net payroll additions compared to November 2024, indicating a strong …
Indian Railways has taken another step toward achieving its Net Zero goal by signing a 170 MW power purchase agreement (PPA) with the Madhya Pradesh government. This deal secures the cheapest solar power in India at ₹2.15 per kWh and strengthens the railway’s commitment to using renewable energy sources. Indian Railways’ Renewable Energy Targets Railways …
India is making significant strides in defence self-reliance, with 88% ammunition production sufficiency and defence exports reaching ₹23,000 crore in 2023-24. The government now targets ₹50,000 crore in exports by 2029, boosting national security and economic growth. India’s Defence Minister Rajnath Singh urged IIT Mandi to contribute to AI warfare, cybersecurity, and quantum technology advancements. …
On February 24, Prime Minister Shri Narendra Modi extended warm congratulations to farmers across the country on the 6th anniversary of the PM Kisan Samman Nidhi Yojana, a landmark initiative aimed at providing financial assistance to farmers. Since its inception, the scheme has significantly contributed to the welfare and empowerment of the agricultural community. The …
The NSE India Inc. Ownership Tracker for Q3 FY25 highlights a shift in equity ownership, with promoters and Foreign Portfolio Investors (FPIs) retreating, while Domestic Mutual Funds (DMFs) and individual investors steadily grow their influence. The latest figures reveal that promoter holdings in NSE-listed and Nifty 500 companies dropped for the 2nd consecutive quarter, while …
On February 21, 2025, the central bank, Reserve Bank of India (RBI) through a press release announced its decision to conduct a $10 billion 3-year USD/INR buy/sell swap auction on February 28. This decision aims to boost liquidity in the banking system. Process of Auction Market participants will submit bids based on the premium they …
India is set to develop its first offshore airport near Mumbai as part of the government’s broader vision to modernise the country’s infrastructure. The ambitious project, expected to be located on an artificial island near the Vadhvan seaport on India’s west coast, will mark a significant milestone in India’s aviation sector. Inspired by international models …
The Reserve Bank of India (RBI) has tightened rules on unsecured loans due to increasing defaults. Fitch Ratings has warned about financial stress in personal loans and credit card debt. However, experts argue that healthcare loans need a different regulatory approach. Concerns Over Rising Defaults A recent Fitch report highlights growing risks in unsecured lending. …
