As of February 2025, the Reserve Bank of India (RBI) holds a total of 879 tonnes of gold, valued at approximately $97 billion. This valuation is based on the current market price of $3,300 per troy ounce—a historic high. The RBI’s aggressive accumulation of gold in recent years signals a strategic shift in reserve management. …
Redevelopment in Mumbai’s dense urban zones often runs into regulatory roadblocks, especially near aviation-sensitive areas like airports. In a significant step to address such issues, the Maharashtra Government’s Urban Development Department (UDD) has introduced key changes to promote redevelopment of old buildings located within the Mumbai Airport’s funnel zone, which includes neighbourhoods like Santacruz, Vile …
In an era where digital transactions are rapidly becoming the norm, the Indian Income Tax Department has significantly tightened its watch over high-value cash dealings. Even a small oversight in accepting or paying cash beyond permissible limits could trigger a tax notice or penalty. One of the key legal provisions regulating such transactions is Section …
In a move announced in March, the Delhi government unveiled plans to curb air pollution by banning the sale of petrol and diesel at fuel stations to vehicles that exceed a certain age limit — 15 years for petrol and 10 years for diesel vehicles. This step is part of a broader effort to address …
On April 17, 2025, as of 12:15 PM, the BSE Sensex was up 0.95% at 77,774.85, while the Nifty 50 was up 0.87% at 23,638.30. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng BHARTIARTL 1,834.00 1,879.90 1,825.70 1,872.40 2.73 ICICIBANK 1,362.00 1,392.50 1,360.10 1,392.10 2.63 ETERNAL 220.6 227.24 …
What Are End-of-Life Vehicles (ELVs)? End-of-Life Vehicles, or ELVs, refer to vehicles that have exceeded their legally permitted road life. In Delhi, petrol vehicles older than 15 years and diesel vehicles older than 10 years fall under this category. The policy aims to remove these ageing, high-polluting vehicles from the streets as part of the …
Worried if EPFO will grant you higher pensions? A recent ruling of Kerala High Court is good news for you! Under Paragraph 26(6) of the EPF Scheme, 1952, the court has ruled that people must get higher pensions. This applies to cases of people who made lump-sum contributions and where delayed payments were accepted. Background of the Case …
India’s domestic commercial vehicle (CV) market is poised for a rebound in the current financial year, with sales expected to approach the one million-unit mark. This recovery will be driven by a combination of infrastructure expansion, replacement demand, and supportive policy initiatives such as the PM-eBus Sewa scheme. If the projections hold true, FY25 …
India’s electric mobility darling BluSmart has hit a major speed bump. The company has suspended all ride bookings through its app in major cities like Delhi-NCR and Bengaluru, sparking speculation and concern about its future. While the app is still live on the Play Store, users report being unable to select time slots or travel …
On April 16, 2025, domestic equities extended gains with the NSE Nifty closing at 23,437.20, up 108.65 points or 0.47%. The BSE Sensex ended at 77,044.29, gaining 309.40 points or 0.40% buoyed by buying across key sectors. This week’s Nifty contracts are set to expire on Thursday, April 17, per the standard F&O cycle. Stocks Under …
