US Social Security alarm: Trump administration may force 39 states for repayment to foster kids — Check reasons

NEW DELHI: The US administration for children and families (ACF) under the department of health and human services wrote to the governors of 39 states, calling on them to safeguard Social Security benefits meant for children in foster care. In letters sent on Thursday, the ACF flagged concerns alleging that state child welfare agencies are…

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Cyient arm to acquire over 65% stake in US-based power semiconductor co Kinetic Technologies for $93 million

HYDERABAD: Cyient Semiconductors, a wholly owned subsidiary of Cyient Ltd, is acquiring over 65% stake in San Jose headquartered power semiconductor player Kinetic Technologies for a total cash consideration of up to $93 million (approx. Rs 846 crore). The transaction, which is subject to customer closing conditions, is expected to be completed by April 30,…

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NPS exit overhaul: PFRDA allows 80% corpus withdrawal for private subscribers; raises exit age to 85

India’s pension regulator has relaxed exit and withdrawal norms under the National Pension System (NPS), giving non-government subscribers greater flexibility over their retirement savings and extending the investment horizon to age 85, PTI reported.Under the revised rules, non-government NPS subscribers will now be allowed to withdraw up to 80% of their accumulated pension wealth at…

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New Insurance Bill 2025: ‘Sabka Bima Sabki Raksha Bill’ cleared by Parliament; opens sector to 100% FDI

NEW DELHI: The Parliament on Wednesday cleared the new insurance bill that allows 100% FDI. The “Sabka Bima Sabki Raksha Bill” was passed in Rajya Sabha, a day after getting Lok Sabha’s nod. This comes despite several Rajya Sabha opposition members’ demands that it’s referred to a Parliamentary committee fir further scrutiny. The members also…

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