The Employees’ Provident Fund Organisation (EPFO) has introduced a new option allowing employers to clear pending EPF dues through a one-time demand draft payment. This measure, outlined in a circular dated April 4, 2025, provides an alternative to the existing online process involving Electronic Challan-cum-Return (ECR) and internet banking. Background Employers are typically required to …
The Indian stock market witnessed a significant rally on Friday as investors reacted positively to key global and domestic developments. The Nifty 50 index opened higher at 22,695 and climbed to an intraday high of 22,874, registering a gain of 475 points or 2.12%. Similarly, the BSE Sensex opened at 74,835 and surged to an …
The Uttar Pradesh government has announced a 2% hike in Dearness Allowance (DA) for its state employees. The allowance has been revised from 53% to 55% of the basic pay. This change will come into effect from January 1, 2025, and will be reflected in the April 2025 salary, which will be disbursed in May …
The Central Board of Direct Taxes (CBDT) has announced April 30, 2025, as the final date for taxpayers to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024. About the Scheme The Vivad se Vishwas (VSV) Scheme 2024 was introduced as part of Budget 2024 and became operational on October 1, 2024. It …
The capital market regulator, the Securities and Exchange Board of India (SEBI), recently, through a press release clarified the regulatory framework for Specialised Investment Funds (SIF) regarding minimum investment threshold. SEBI Fixed Minimum ₹10 Lakh Investment In a recent circular, SEBI announced that under the new regulations, investors must make a minimum investment of ₹10 …
As per the official holiday calendar released by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), trading will be suspended on April 10. This includes trading across all segments, equity, derivatives, securities lending and borrowing (SLB), currency derivatives, and interest rate derivatives. Mahavir Jayanti, also known as Mahaveer Janma Kalyanak, is one …
As global trade tensions rise, the United States has spotlighted India’s ethanol import policy in its latest National Trade Estimate Report, released on January 8, 2025. The U.S. Trade Representative (USTR) has included India among countries imposing barriers that allegedly harm American businesses and distort trade practices. India’s Ethanol Policy Under Scrutiny According to the …
On April 9, 2025, the BSE Sensex was down by 0.51%, closing at 73,847.15 while the Nifty50 fell by 0.61% at 22,399.15. Here are the day’s top gainers and losers: Top Gainers of the Day Symbol LTP %chng NESTLEIND 2,350.00 3.28 HINDUNILVR 2,349.00 2.61 TITAN 3,178.95 1.81 POWERGRID 294.1 1.78 TATACONSUM 1,087.55 1.66 Nestle India …
The Indian stock market is a dynamic and evolving landscape, with companies experiencing varying levels of growth and performance. To accurately reflect these changes, market indices are periodically rebalanced, adjusting the composition of their constituent companies to ensure they continue to represent the market’s overall performance. Recently, the S&P BSE Indices underwent a semi-annual rebalancing, …
The Indian stock market closed in the red on Wednesday, April 9, 2025, after the Reserve Bank of India (RBI) announced a 25-basis-point cut in the repo rate. Despite the rate cut from 6.25% to 6%, market sentiment remained weak as the central bank shifted its policy stance from accommodative to neutral, signalling a more …
