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Mahila Samman Savings Scheme: Now Account Holders Can Early Withdrawal 40% Of Savings

Mahila Samman Savings Scheme: Now Account Holders Can Early Withdrawal 40% Of Savings

25 March 2025

The Department of Posts has introduced a new withdrawal feature under the Mahila Samman Savings Scheme (MSSC). As per an official directive issued on March 7, 2025, account holders can now withdraw up to 40% of their total deposit before the scheme’s maturity. This functionality is now active through the India Post Finacle system. Withdrawal …

MSMEs Can Now Access Loans Up to ₹10 Crore with Digital Footprint Model

MSMEs Can Now Access Loans Up to ₹10 Crore with Digital Footprint Model

25 March 2025

The Indian government has urged public sector banks (PSBs) to expand their digital footprint-based credit assessment model for micro, small, and medium enterprises (MSMEs). This initiative aims to streamline credit flow and reduce dependency on traditional asset-based evaluations. Expansion of Digital Credit Model for MSMEs On March 6, a new credit assessment model was introduced …

SEBI to Form High-Level Panel for Reviewing Conflict of Interest and Disclosure Norms

SEBI to Form High-Level Panel for Reviewing Conflict of Interest and Disclosure Norms

25 March 2025

The Securities and Exchange Board of India (SEBI) has announced the formation of a high-level committee to review conflict of interest regulations and disclosure norms related to property, investments, and liabilities of its board members and officials. The committee will present its recommendations within three months for SEBI’s consideration. Committee Formation and Composition SEBI Chairperson …

Central Government Issues Notification on 24% Hike in MPs’ Pay and Perks

Central Government Issues Notification on 24% Hike in MPs’ Pay and Perks

25 March 2025

The Ministry of Parliamentary Affairs has officially notified a 24% increase in the salaries of Members of Parliament, effective from April 1, 2023. The revision is based on the Cost Inflation Index and marks the first hike since 2018. Revised Salary Structure With the updated structure, an MP’s monthly salary has increased from ₹1,00,000 to …

Finance Bill 2025 Amendment: India Proposes to Scrap 6% Equalisation Levy on Online Ads

Finance Bill 2025 Amendment: India Proposes to Scrap 6% Equalisation Levy on Online Ads

25 March 2025

On March 24, 2025, the Indian government introduced a significant amendment to the Finance Bill 2025, proposing the removal of the 6% equalisation levy on online advertising services. Commonly referred to as the “Google Tax,” this levy was imposed on payments made to non-resident digital service providers for online advertisements accessed by Indian users. If …

PLI 1.1 Draws ₹17,000 Crore to Fuel India’s Self-Reliance in Specialty Steel

PLI 1.1 Draws ₹17,000 Crore to Fuel India’s Self-Reliance in Specialty Steel

25 March 2025

India’s steel industry is undergoing a transformation. With the launch and expansion of the Production-Linked Incentive (PLI) Scheme for specialty steel, the government is doubling down on its commitment to making India self-reliant in high-grade steel production.  The second round of the scheme, dubbed PLI 1.1, has garnered strong industry participation and is poised to …

RBI’s Revised PSL Norms to Boost Renewable Energy and Affordable Housing from April 1

RBI’s Revised PSL Norms to Boost Renewable Energy and Affordable Housing from April 1

25 March 2025

The Reserve Bank of India (RBI) has released a comprehensive revision to its Priority Sector Lending (PSL) guidelines, with changes set to take effect from April 1, 2025. These new measures are aimed at refining the allocation of bank credit to economically and socially significant sectors of the Indian economy. According to the central bank, …

Is the Centre Changing the Retirement Age of Government Employees from 60?

Is the Centre Changing the Retirement Age of Government Employees from 60?

25 March 2025

In recent weeks, speculation around a possible change in the retirement age for central government employees resurfaced, sparking discussions across departments and public forums. However, the Ministry of Personnel has put all doubts to rest with an official clarification during a parliamentary session. No Change in Retirement Age, Says Government Union Minister Jitendra Singh, while …

Key Takeaways from SEBI Board Meeting: FPI Threshold Raised, Advance Fee Norms Revised

Key Takeaways from SEBI Board Meeting: FPI Threshold Raised, Advance Fee Norms Revised

25 March 2025

The Securities and Exchange Board of India (SEBI), in its 209th board meeting held in Mumbai on March 24, 2025, approved several critical regulatory measures aimed at strengthening governance, improving transparency, and facilitating ease of doing business across various segments of the capital market ecosystem.  The decisions span across Foreign Portfolio Investors (FPIs), Alternative Investment …

New India Co-op Bank Scam: 8th Accused Promised 50% Interest on Stolen Funds

New India Co-op Bank Scam: 8th Accused Promised 50% Interest on Stolen Funds

25 March 2025

In a startling revelation that has gripped Mumbai’s financial and legal circles, the Economic Offences Wing (EOW) is investigating a complex embezzlement case involving the New India Co-operative Bank.  The case revolves around the alleged misappropriation of ₹122 crore from the bank’s vaults and a series of fraudulent investments that followed. The latest arrest has …

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