The significance of these rules grows as recent developments in the...
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India must work towards future-ready cities, increase speed of development: PM Modi
"India is getting rapidly urbanised. We should work towards...
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...
Cryptoassets increase risk in developing economies: BIS study
“Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial challenges” especially in emerging markets, but “have so far not reduced but rather amplified the financial risks in less developed economies,” the BIS report showed...
China’s Xian sends ‘sweet love’ messages to encourage baby making
The message comes as China's government tries to encourage young couples to have children, as an increasing number of women put off having children or opting to have none at all Many women cite the high cost of childrearing, difficulty in continuing on their career,...
Australia’s spending on public pensions to be lowest in OECD as private system takes strain
The number of Australians aged 65 and over will double by 2063 but spending on public pensions will decline to 2% of GDP over the same period, from 2.3% today, thanks to the private pension system, according to excerpts from the "Intergenerational Report 2023" seen by...
Govt announces car safety rating to cut accident rate
Under the new system, cars will be assigned a rating of one to five stars based on crash tests and other safety parameters, to help buyers make an informed decision and encourage car makers to upgrade their safety standards.The move is also expected to bring cars in...
COVID-19 still a global health threat, new variant under scanner: WHO chief
Although COVID-19 is no longer a global health emergency, it remains a global health threat. WHO has recently classified a new variant with a large number of mutations. BA.2.86 variant is under monitoring at present, highlighting once again the need for all countries...
Moody’s affirms India’s sovereign rating flags risks of populist policies due to rising political tensions
All three global rating agencies, Fitch, S&P and Moody’s, have the lowest investment grade rating on India, with a stable outlook. The ratings are looked at by investors as a barometer of a country’s creditworthiness and affect borrowing costs New DelhI: Moody's...
Global Fintech Festival 2023 aims to aid startups bag USD 10 mn in funding
Union Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, RBI Governor Shaktikanta Das, Sebi chairperson Madhabi Puri Buch, Irdai chairman Debasish Panda and SBI chairman Dinesh Khara will be among the speakers at the event Mumbai: Global...
Govt tests ’emergency alert system’, sends sample message to several users
The government is working with the National Disaster Management Authority to improve preparedness for disasters such as earthquakes, tsunamis, and flash floods. Last month, the government tested the same alert with several users in the country New Delhi: The...
CAG report reveals beneficiaries paid money for treatment under AB-PMJAY
The CAG’s audit report on AB-PMJAY which was presented in Parliament recently, said: "The agreement signed by the SHA (State Health Agency) and the private EHCPS (Empanelled Health Care Providers) states that the treatment/interventions to PMJAY beneficiaries should...
Life insurance: New CBDT rules on calculating income for policies with premium exceeding Rs 5 lakh
According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year New Delhi: The Income Tax department...