Big changes are on the way for how taxpayers interact with the government, thanks to the newly-approved PAN 2.0 Project. The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has given the green light to this tech-driven overhaul. With a budget of Rs 1,435 crore, the project promises to make taxpayer
Every parent wants to secure their child’s future, especially financially. A child insurance plan can be a smart move, providing the support needed to meet their life goals, even in your absence. By investing in a child plan, you are helping to ensure your child’s dreams are within reach, no matter what. Child Insurance Plan
– By Manish Bandlish India commemorates National Milk Day in tribute to Dr. Verghese Kurien, the progenitor of the White Revolution, and to acknowledge the indefatigable contributions of the nation’s agriculturists. As of 2024, owing to Dr. Kurien’s prescient stewardship and the relentless diligence of these farmers, India retains its stature as the preeminent milk
Essar Group’s co-founder Shashikant Ruia died on November 25 after a prolonged illness. He was 81 years old. His mortal remains will be kept at Ruia House from 1 pm to 3 pm on Tuesday and the funeral procession will leave from Ruia House at 4 pm towards the Hindu Worli Crematorium. In an official
Foreign Institutional Investors (FIIs) turned net buyers in the equity markets on Monday, November 25, purchasing Rs 9,947.55 crore worth of equities (provisional data). This marked a significant shift, ending a streak of 38 consecutive sessions of net selling, providing a much-needed boost to the market sentiment. FII and DII Trading Activity In contrast, Domestic
Shares of food and grocery delivery company Zomato rose 1.83% on Tuesday, reaching an intra-day high of Rs 278 on the NSE, as the company opened its Qualified Institutional Placement (QIP). The firm has set a floor price of Rs 265.91 per share, with an indicative price of Rs 252.62 per share. The indicative price
Shares of Vodafone Idea (VIL) rallied over 14% in Tuesday’s trade, hitting a high of Rs 8 per share, after the Union Cabinet approved waiving bank guarantees (BG) required for telecom operators to secure spectrum purchases up to 2022. The announcement also gave a modest boost to Bharti Airtel, which saw its shares rise by
In case of treatment in an emergency at a non-empaneled hospital or when expenses are incurred at an empaneled hospital, the beneficiary must submit a Medical Reimbursement Claim (MRC) to get reimbursed, according to rules framed by the government for the Central Government Health Scheme (CGHS). Submission of reimbursement claim Serving employees are required to
The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of
After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in
