The Employees’ State Insurance Corporation (ESIC) has reported a robust addition of 15.43 lakh new employees under the ESI Scheme during February 2025. According to the provisional payroll data released by the Ministry of Labour and Employment, the expansion highlights an encouraging trend in workforce formalisation and access to social security. Additionally, 23,526 new establishments …
Introduction: An Important Update for Bank Customers The Reserve Bank of India (RBI) has announced a revision in ATM withdrawal charges applicable from May 1, 2025. This change affects all bank customers across the country, following an official notification released in March 2025. The revision seeks to align withdrawal fees with the increasing costs associated …
According to the news reports, in response to escalating trade tensions between the United States and China, Apple has accelerated its efforts to diversify its supply chain. According to sources cited by the Financial Times, the company plans to move the assembly of iPhones destined for the United States to India starting as early as …
In a move aimed at enhancing member convenience and promoting “Ease of Living”, the Employees’ Provident Fund Organisation (EPFO) has introduced a significant simplification in the transfer of Provident Fund (PF) accounts. As of January this year, EPFO has revamped the Form 13 functionality, removing the need for employer approval in most cases when an …
The Defence Research & Development Laboratory (DRDL), a Hyderabad-based facility under the Defence Research and Development Organisation (DRDO), has achieved a significant breakthrough in the development of hypersonic weapon technology. On 25 April 2025, DRDL successfully conducted the ground testing of an Active Cooled Scramjet Subscale Combustor for a duration exceeding 1,000 seconds. The testing …
Lianchuang Electronics, a prominent Chinese supplier, is in advanced discussions with Amber Electronics and Optiemus Electronics to enter India’s electronics components industry. Known for serving major clients like Oppo, Vivo, and Samsung in the country, Lianchuang is keen to capitalise on the Indian government’s ₹22,919-crore Electronics Components Manufacturing Scheme, as per a Moneycontrol report. This …
The Nifty Financial Services Index is a key benchmark that tracks the performance of India’s financial sector, covering a broad range of companies including banks, housing finance firms, insurance providers, and other financial services institutions. The index offers a comprehensive view of how this critical segment of the economy is performing. As of April 28, …
The Nifty Bank Index, also known as Bank Nifty, is a benchmark index that represents the performance of the Indian banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian banks. The index is comprised of 12 constituent stocks, including both public and private sector banks. …
Starting October 1, 2024, a key rule change brought relief to thousands of tenants paying high rents: the TDS (Tax Deducted at Source) rate on house rent payments exceeding ₹50,000 per month was slashed from 5% to 2%. However, widespread confusion has now surfaced. Many tenants, unaware of the new lower rate, continued deducting TDS …
India’s efforts to alleviate poverty over the past decade have yielded remarkable outcomes. According to World Bank estimates, extreme poverty—measured at $2.15 per day in purchasing power parity terms—declined from 16% in 2011-12 to just 2.3 per cent in 2022-23. This significant shift has lifted approximately 171 million people above the internationally recognised poverty threshold. …
