Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
8th Pay Commission News: Ever since the Modi government announced its decision to set up the 8th Pay Commission, there have been all sorts of speculations among central government employees and pensioners about possible salary and pension hikes, the dates when the panel’s recommendations would be implemented, and other measures that the commission might recommend
Tax saving is one of the key factors when it comes to savings and investments for middle-class taxpayers and senior citizens. As regards senior citizens, they aim for financial security by investing their money primarily in non-market-linked products, which give them a sense of safety in times of volatile stock markets. Another key aspect of
Lenders frequently require certain loan applicants to provide loan guarantors. This condition is typically imposed when there are uncertainties regarding the repayment ability of the primary borrowers and co-borrowers. Additional circumstances that may prompt lenders to request loan guarantors include insufficient credit scores of the primary applicants, a precarious employment situation, loan amounts that surpass
CGHS services revamp for government employees: Ahead of the Union Budget 2025, the Staff Side of the National Council Joint Consultative Machinery (NC JCM), representing millions of central government staff, has urged Finance Minister Nirmala Sitharaman to implement the recommendations of the Parliamentary Standing Committee on Petitions regarding Central Government Health Scheme (CGHS) facilities. The
In a bid to free up working capital and ease the burden of businesses, tax experts have urged the government to relax the provisions of submitting a pre-deposit amount in case any business wishes to get a stay on income tax demand. Experts say the pre-deposit amount, which sometimes is to the tune of hundreds
With the Reserve Bank maintaining the interest rate regime at an elevated level, banks continue to offer attractive rates on fixed deposits to attract new customers. Over the past two years, all banks, including small finance banks, have been raising their FD rates to secure more deposits amidst the high repo rate environment. Compared to
EPFO News: The Employees’ Provident Fund Organisation (EPFO) has initiated some game-changing reforms to benefit over 7 crore members. The retirement fund body has simplified the joint declaration process, implemented a Centralised Pension Payment System (CPPS), taken action on policies related to higher pensions for members, enabled online member profile updates, and made easy PF
By Neeraj Agarwala I plan to sell some family gold as prices are high now. It was purchased by my grandfather and there are no bills. Do I have to pay any tax on the sale amount? —D R Rao The sale of gold jewellery is subject to tax under the head ‘capital gains’. Since
Avenue Supermarts, best known for its DMart chain of stores, is accelerating store additions as competition intensifies within grocery retail. The value retailer added as many as 28 stores in the March quarter (Q4) of FY25, its latest business update said, the highest in four years. The latest addition will also see the value retailer
AWL Agri Business, formerly Adani Wilmar, recorded a 7% year-on-year volume growth in the fourth quarter (Q4) of fiscal 2025, it said in a business update on Friday. The company saw a 36% year-on-year revenue growth, with stronger performance in rural towns compared to urban markets. This growth, particularly in the foods category, was driven
It started as a hole-in-the-wall outlet selling namkeen and mithai in Bikaner, Rajasthan, way back in 1937. Today, Haldiram’s is the undisputed bhujia king that marquee global investors are rushing to grab a bite of. It is tough to put a single face behind its grand success story, though. “Every member of the family is
Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The S&P 500 was down 4.8% in
