The Centre last year announced the Unified Pension Scheme (UPS), assuring a guaranteed pension for central government employees covered under the National Pension System (NPS). It, however, clarified that the NPS will remain available for those who do not want to switch to the UPS. Amidst continuous demands from various labour organisations and other stakeholders
Indian consumers allocated 29% of their spending to discretionary expenses in 2023, with online gaming emerging as a slightly more significant category than dining out and ordering in, according to an Indian Express report based on a study by Perfios and PwC India. The report, which analysed banking data from over 30 lakh tech-savvy borrowers
7th Pay Commission News: The dearness allowance revision announcement for central government employees is due next month. The hike, however, in dearness allowance and dearness relief will be implemented retrospectively from January. DA and DR are revised twice a year (January and July) by the Centre for the employees currently serving across central government departments
The BPTP Group has unveiled its latest luxury residential project, BPTP Amstoria Verti-Greens, in Sector 102, Gurugram, along the Dwarka Expressway. Located next to the upscale Amstoria Township and involving an investment of Rs 3,000 crore, the project will be developed in three phases. The company has announced the initiation of the first phase following
Leading public sector lender Punjab National Bank (PNB) has announced a revision in its interest rates across various loan products, effective February 10, 2025. The revised rates apply to a wide range of products, including home loans, car loans, education and personal loans, ensuring that customers continue to receive diverse financing options. The bank in
The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and health insurance companies to provide customers with the facility of premium payments through blocked amounts in the bank account. Under the facility called “Bima Applications Supported by Blocked Amount (Bima—ASBA),” policyholders can ‘block’ the premium amount in their bank accounts. The blocked
In a significant move, UPI platform Google Pay has introduced a convenience fee for electricity, gas bill payments which will charge customers who have till now been using the platform for free when doing low-value transactions, a report by Economic Times said. The charges will apply to debit and credit card payments with the fee
The government is working on enabling the processing of Employees’ Provident Fund (EPF) claims by subscribers on United Payment Interface (UPI) platforms, for smooth transfer of funds. According to an official source, the EPFO has prepared a blueprint to implement the plan, and is in discussions with the National Payment Corporation of India (NPCI) to
The Indian real estate sector continues to be a crucial pillar of economic growth. While the 2025 Union Budget didn’t introduce major overhauls, the reforms announced are set to provide much-needed support to the industry. With a strong emphasis on infrastructure development, tax relief measures, and investment-friendly reforms, the industry is set to benefit across
Using a credit card for large purchases is common. But paying off big bills later can be stressful. In such cases, converting your credit card balance into EMIs is a good option. Credit cards make shopping easy. With just a swipe, you can complete transactions instantly. Most banks offer credit cards with minimal paperwork. Plus
Cryptocurrency exchange Bybit announced that one of its Ethereum cold wallets was compromised. An attacker managed to transfer approximately $1.5 billion worth of assets to an unidentified address, triggering widespread concern in the crypto community. Bybit confirms breach Bybit CEO Ben Zhou confirmed the security breach on Friday, stating that only one ether wallet was
Stocks tumbled on Friday following weaker-than-expected economic reports, signalling potential adverse effects of President Donald Trump’s policies on US business activity. The S&P 500 and Dow Jones Industrial Average both fell by 1.7%, their steepest one-day declines since December 18, 2023. Meanwhile, the Nasdaq composite dropped by 2.2%. Business activity nears stall speed A report
The process to modernise Semi-Conductor Laboratory (SCL), country’s first chip fabrication unit, has finally started. The company has invited bids to improve the existing 180 nanometre (nm) fabrication line at an estimated cost of around Rs 4,000 crore, officials said.The augmentation and enhancement of the existing 8 inch fab, which uses 180 nm technology node
