The central government has approved a 2% hike in Dearness Allowance (DA) and Dearness Relief (DR) for government employees and pensioners. This decision, taken on March 28 in a cabinet meeting chaired by PM Narendra Modi, will benefit over 1 crore employees and pensioners. The new DA rate will be effective from January 1, 2025. …
The central government has decided to keep the interest rates on small savings schemes, such as the Public Provident Fund (PPF) and National Savings Certificate (NSC), unchanged for the first quarter of the financial year 2025-26 (April to June 2025). In a notification issued on March 28, 2025, the Department of Economic Affairs (DEA) confirmed …
Starting April 1, 2025, several new financial and tax rules will come into effect. These changes, announced in the Union Budget 2025 by Finance Minister Nirmala Sitharaman, will impact your income, banking, investments, and spending habits. Here’s what you need to know: No Income Tax for Earnings Up to ₹12 Lakh The revised tax slabs …
Investment scams are becoming increasingly common. In February 2025, Rajasthan police arrested 7 accused people for an ₹85 lakh fraud. The accused lured a woman with high stock market returns. The Hyderabad cybercrime police arrested a man for similar scams. Gurgaon Case: ₹85 Lakh Fraud A Gurgaon resident reported an ₹85 lakh loss on February …
Gold prices fluctuate daily based on global market trends, demand, and currency exchange rates. Staying updated on these changes is essential for investors, jewellers, and buyers to make informed decisions. Check out today’s gold rates in Dubai. Dubai Gold Rate Comparison: Today vs. Previous Session The table below shows the per-gram and 10-gram gold prices …
Retail credit growth witnessed a noticeable moderation in the quarter ending December 2024. According to a recent report, this slowdown has had a disproportionate impact on new-to-credit (NTC) customers—individuals seeking formal credit for the first time. As lenders reassess their risk appetite, fresh applicants are finding it increasingly difficult to secure approvals. Lenders Become Selective …
Did you struggle with your online banking transactions today? If so, you weren’t alone. On April 1, 2025, State Bank of India (SBI), the country’s largest public sector bank, faced a significant technical disruption that affected millions of customers nationwide. Mobile banking services, fund transfers, and ATM operations were impacted, leaving users frustrated during one of …
Investment in gold has been remarkable for investors in FY 2024-2025. As per the date available on MCX, Indian spot gold prices rose ~32% in FY25, outperforming the Nifty 50 equity index, which soared just over 5%. On March 28, 2024, gold prices were around ₹67,000 per 10 grams, but they have since surged to …
As per news reports, the EPFO will introduce a new system for PF withdrawals via the Unified Payments Interface (UPI). Labour and Employment Secretary Sumita Dawra approved NPCI’s recommendation. Members may withdraw PF through UPI and ATM by May or June. This initiative by EPFO aims to simplify and expedite PF withdrawals, enhancing convenience for …
India has reached a significant milestone in its economic growth, with total gross foreign direct investment (FDI) inflows surpassing $1 trillion since April 2000. This achievement was driven by a nearly 26% increase in FDI, reaching $42.1 billion in the first half of FY 2025. As per news reports, the Reserve Bank of India (RBI) …
