Workers often focus on gross salary figures, but deductions such as tax, provident fund, and insurance significantly reduce the take-home pay, affecting budgeting and savings. Experts highlight how different salary structures and tax regimes influence net income. The figure on…
Odisha’s cabinet approves 10 proposals across six departments, boosting semiconductor manufacturing, renewable energy policies, and large-scale irrigation projects, signalling a strategic push for faster industrial and social development. Odisha’s cabinet has approved 10 proposals spanning six departments, with a package…
Bank of Baroda and Canara Bank have increased their marginal cost of funds-based lending rates (MCLR) effective August 12, leading to higher monthly EMIs for borrowers amidst tightening monetary conditions in India. Borrowers linked to the marginal cost of funds-based…
The resignation of Tata Sons chairman N Chandrasekaran amid ongoing stake negotiations with the Shapoorji Pallonji Group complicates efforts to resolve a protracted dispute, with potential implications for Tata’s corporate strategy. N Chandrasekaran has stepped down as chairman of Tata…
Telangana continues its streak as India’s inflation outlier for a seventh month, driven by rising prices in essential goods and a revised Consumer Price Index, highlighting shifting household expenditure patterns. Telangana has remained India’s inflation outlier for a seventh straight…
ICICI Prudential Life Insurance is set to change its name and branding as it redefines its relationship with Prudential, following a strategic deal and Prudential’s planned acquisition of Bharti Life Insurance. ICICI Prudential Life Insurance has signed a transitional deal…
The number of Indians studying abroad has fallen for a second year as Indian institutions like IIT Madras and IIM Ahmedabad establish campuses in Zanzibar, Abu Dhabi, and Dubai, signifying a shift towards global expansion. The number of Indians heading…
Indian Railways plans to significantly expand private participation through 54 PPP projects worth ₹1.8 lakh crore, signalling a major shift towards core infrastructure development and broader commercial roles for the private sector. Indian Railways is preparing to widen private participation…
India’s pension regulator has launched a new, flexible retirement savings route for gig and platform workers, allowing contributions as low as ₹99 to the National Pension System, aiming to expand social security for the informal economy. India’s pension regulator has…
The Indian government is trialling a CBDC-based subsidy transfer for PMGKAY beneficiaries in Chandigarh and Dadra & Nagar Haveli, aiming to enhance transparency and financial inclusion in welfare programmes. The Centre is preparing to roll out a digital rupee-linked subsidy…
