"There is a chance the cargo, including containers and oil, will...
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Govt ratifies interest rate at 8.25 pc on employees’ provident fund for FY25
EPFO, on February 28, had decided to retain the interest rate of...
Monsoon reaches Kerala, earliest since 2009: IMD
The IMD in April forecast above-normal cumulative rainfall in the...
Financial inclusion appears to be positively correlated with per capita income growth: IMF
IMF said, "For example, the launch of the Pradhan Mantri Jan Dhan Yojana programme in India in 2014, one of the world's largest financial inclusion initiatives to date, is one prominent example of India's national-level commitment to advancing financial inclusion."...
Raj CM Gehlot firm on Old Pension Scheme, dismisses Montek’s ‘financial bankruptcy’ remark
Rajasthan Chief Minister Ashok Gehlot Former deputy chairman of the Planning Commission Montek Singh Ahluwalia cautioned state governments that bringing back the Old Pension Scheme could be a regressive step and lead to financial insolvency Shimla: Rajasthan Chief...
Around 75 pc of urban Indians expect life to be better in 2023: survey
A quarter of urban Indians (25 per cent) said the last few years since the pandemic has made them more balanced, the survey stated, adding that nearly a fifth (18 per cent) thought they have become more mindful since the pandemic, and one in eight (13 per cent) felt...
Flexible working time arrangements lay ground for better work-life balance
Countries should make use of the experiences they developed with working-time reduction and flexibility during the COVID-19 crisis. Inclusive short-time work schemes with the highest possible allowances not only maintain employment but also sustain purchasing power...
India’s GDP growth estimated to slip to 7 pc in 2022-23: Govt data
Financial, real estate and professional services segment is projected to grow at 6.4 per cent in the current fiscal, up from 4.2 per cent in 202-22 New Delhi: The Indian economy is estimated to grow at 7 per cent in the 2022-23 fiscal, down from 8.7 per cent a year...
Ant Group founder Jack Ma to give up control in key restructuring
Chinese billionaire Jack Ma Ma only owns a 10% stake in Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, but has exercised control over the company through related entities, according to Ant's IPO prospectus filed with the exchanges in 2020. Hangzhou...
RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme
The six entities are -- Bahwan Cybertek, Crediwatch Information Analytics, enStage Software (Wibmo), HSBC in collaboration with Wibmo, napID Cybersec and Trusting Social Mumbai: Six entities, including HSBC and Creditwatch, have been allowed to test their fintech...
Global food prices in 2022 hit record high amid drought, war
Last year, the U.N. organization's Food Price Index hit the highest level since its records began in 1961, according to FAO data. Russia's invasion of Ukraine in February exacerbated a food crisis because the two countries were leading global suppliers of wheat,...
Finance ministry and PFRDA discuss ways to improve pension amount for govt employees in NPS framework
Supratim Bandyopadhyay, Chairman,PFRDA On launching of the Minimum Assured Return Scheme (MARS) under the National Pension System (NPS), PFRDA Chairman Supratim Bandyopadhyay said the board is considering it and hopefully in the next 7-10 days, approvals can take...
Black Sea shipping rates rise as reinsurers cut cover
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said The Black Sea is crucial for the shipment of grain, oil and oil products....