The Employees’ Provident Fund Organisation (EPFO) has likely maintained an 8.25% interest rate on Provident Fund (PF) deposits for FY 2024-25 in its Feb 28, 2025 meeting, as per PTI reports. EPFO Interest Rate Decision The Employees’ Provident Fund Organisation (EPFO) has likely maintained 8.25% interest rate on employees’ provident fund (EPF) deposits for the …
Despite the prevalence of adverse macroeconomic conditions worldwide, India is expected to emerge as a “shining light” for potential investors (us!), says the World Bank. This can be attributed to the growing popularity of renewable energy projects and continuous government efforts to improve income and consumption levels in rural areas. Madhya Pradesh in the Limelight …
India is set to sign agreements with Israel and Saudi Arabia to explore and process critical minerals. This move aims to boost India’s domestic supply and reduce dependence on imports, Union Mines Minister G. Kishan Reddy announced on Thursday. Agreement with Israel: Technology Transfer and AI in Mining India’s MoU with Israel will focus on …
The Indian rupee weakened further on Friday, declining to 87.3850 against the U.S. dollar at 10:58 a.m. IST, down from 87.20 in the previous session. The Reserve Bank of India (RBI) intervened in the forex market on Thursday when the currency touched 87.40, attempting to stabilise its value. The rupee, along with other Asian currencies, …
The Ministry of Education and the Government of India have launched the innovative APAAR ID card under the National Education Policy (NEP) 2020. This game-changing initiative aims to provide a unique identification number to students across the country, digitally preserving their academic records, accomplishments, and credentials. The One Nation One Student ID card will streamline …
In a significant policy shift, the newly elected Delhi government has approved the implementation of the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) in the national capital. This move is poised to offer comprehensive health insurance coverage of up to ₹10 lakh per family, targeting the economically vulnerable sections of society. The scheme’s rollout is …
The Indian Rupee (INR) has fallen by about 3.5% against the US Dollar in the past 6 months, crossing ₹87 per USD. As per a report, the USD rose 5% over the past year, from ₹83.01 on February 10, 2024, to ₹87.45 on February 1, 2025. Impact of a Weaker Rupee on Travel When the …
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 …
