8th Pay Commission for Government Employees: The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to set up the 8th Pay Commission, which will revise the salary and pension of over 1.2 crore central government employees and pensioners. Confirming the news, Union Minister Ashwini Vaishnaw said the Prime Minister has approved
Press Information Bureau (PIB) has alerted State Bank of India’s customers regarding a prevalent online scam. The Fact-Check Unit of the PIB through a social media post has shared the modus operandi the cybercriminals are using to deceive SBI customers. These fraudsters are targeting the bank’s customers by sending a message asking them to download
Hit hard by elevated property prices and state elections in some states, housing sales dipped across India’s top cities in Q4 of 2024; however, one city could still defy the trend. Was it Mumbai, Ahmedabad, Pune, Delhi-NCR, or any other city? The latest report by PropTiger.com states that housing sales in India’s 8 prime residential
Like several other industries, the insurance sector has high expectations from the upcoming Union Budget 2025–26. Insurance sector stakeholders, including middle-class taxpayers, are hopeful that FM Nirmala Sitharaman will announce some tax relief measures, like higher 80D deductions and a GST cut on health insurance, on February 1, when she presents the Modi 3.0 government’s
Fluctuations are a law of nature, affecting everything from everyday lives to larger industries like real estate. This principle has been particularly evident in the real estate sector during 2024. After the COVID-19 pandemic, as conditions began to normalize in 2022, both investors and end-users started actively buying properties. This enthusiasm extended into 2023 as
Pension guidelines: The Ministry of Defence (MoD) recently came out with a uniform procedure to simplify the process of updating names and dates of birth in Pension Payment Orders (PPOs) for retired personnel and their dependents. This comes following recommendations from a Tri-Service Committee led by the Additional Director General of Military Personnel (Policy &
The Employees’ Provident Fund Organisation (EPFO) recently announced EPFO 3.0, a game-changing upgrade that will ensure some major changes in the way the retirement fund body delivers it services to over 7 crore members. Confirming EPFO 3.0 roll out by June this year, Union Minister Mansukh Mandaviya recently said this upgraded system will improve efficiency
The recent devastating fires in Los Angeles have underscored the importance of having the right fire insurance for homeowners. As communities rebuild and recover, it’s a reminder that preparation is key when protecting one’s property. Understanding your insurance options can make all the difference with the potential for environmental factors like drought and high winds
8th Pay Commission News: Amid lots of deliberations among various stakeholders of the 8th Central Pay Commission (CPC), curiosity concerning impending pay hikes and other changes is growing among more than 1 crore central government employees and pensioners across the country. Last month, the central government announced its formation, but the appointment of its chairman
The markets are taking a breather this week with the Nifty and Sensex trading in a tight range after the big cuts earlier in February. While some brokerage houses like Nomura have given a Nifty December target of 26,000 Kotak Institutional Equities expect the Index to remain rangebound this year. They do not expect any
As plans for Tesla entring India seem to firm up, all eyes are on what it means for the Indian automotive sector. Most brokerages have maintained that in terms of direct competition there isn’t a big worry. This is because the electric vehicles offered by domestic OEMs in India like M&M and Tata Motors are
By Amriteshwar Mathur Mid and small-sized banks have faced intense selling pressure over the past few trading sessions. In fact some of these banks many of them are trading close to their 52-week lows. The above development comes at a time despite the recent measures taken by RBI to stimulate the broader economy including cutting
If you are thinking of doing SIP (Systematic Investment Plan) in mutual funds, then this question must have come to your mind – does investing on a particular date give more returns? Different research shows that the date of SIP does not have any significant effect on returns in the long run (8-10 years). Experts
