Who would have thought that returning a ₹4,000 blazer from Louis Philippe could lead to an entire bank account being wiped out? This is exactly what happened to a man from Assam, who simply wanted his refund. Instead, he became a victim of cyber fraud, losing ₹94,204.80 from his State Bank of India (SBI) account. …
The West Bengal government has announced an ad hoc bonus of ₹6,800 for government employees who are not covered under any productivity-linked bonus system. This applies to employees earning a revised monthly salary of less than ₹44,000 as of March 2024. Bonus Distribution According to the finance department’s order issued on March 18, employees from …
UK-based financial services giant Prudential Plc has announced its foray into India’s standalone health insurance sector through a joint venture with Sundari Investments (Delhi) Private Ltd (Vama), a company owned by HCL Group’s promoter. The proposed venture, subject to regulatory approvals, marks a significant expansion of Prudential’s presence in the Indian insurance landscape. Stake Distribution …
New Delhi, Mar 19 (PTI) Capital markets regulator Sebi on Wednesday barred former TV anchor Hemant Ghai and his family members from the securities markets for five years for violating regulatory norms. Apart from the ban, Sebi has directed Hemant Ghai and his wife Jaya Ghai to disgorge the unlawful gains worth ₹6.16 crore, along …
For the 8th consecutive year, Finland has been ranked as the world’s happiest country, continuing its unbroken streak at the top. The rankings, based on individuals’ self-assessment of life satisfaction, reflect Finland’s strong social trust, quality of life, and sense of well-being. Denmark, Iceland, Sweden, and the Netherlands closely follow, solidifying the Nordic region’s dominance …
To enhance investor protection and reduce unclaimed assets in the Indian securities market, the Securities and Exchange Board of India (Sebi) has collaborated with DigiLocker, a government-backed digital document storage platform. This initiative will allow investors to securely store and access their demat and mutual fund holdings, ensuring better financial asset management for them and …
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, launched in February 2019, aims to provide financial assistance of ₹6,000 annually to eligible farmers through Direct Benefit Transfer (DBT). However, strict monitoring has revealed that ineligible individuals, including income tax payees, PSU employees, government staff, and constitutional post holders, received funds unlawfully. In response, the government …
The Union Cabinet has approved a ₹1,500 crore incentive scheme to promote low-value BHIM-UPI peer-to-peer merchant (P2M) transactions for 2024-25. This initiative aims to encourage digital payments and achieve a transaction volume of 200 billion in FY25. However, industry players have raised concerns about the sufficiency of the allocation and the long-term sustainability of the …
The Reserve Bank of India (RBI) has announced the appointment of Indranil Bhattacharyya as Executive Director (ED), effective March 19, 2025. In this role, he will look after the Department of Economic and Policy Research (DEPR), which is responsible for economic research and policy formulation within the central bank. Responsibilities as Executive Director As Executive …
On March 20, 2025, as of 12:18 PM, the BSE Sensex was up 0.69% at 75,970.06, while the Nifty 50 was up 0.73% at 23,075.35. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng SANGINITA 10.02 11.73 9.93 11.73 19.94 VSTL 180 186.99 175 185.16 …
