In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently available under the National Pension System (NPS) to the newly introduced UPS. A government release said, “In a bid to provide further impetus to the UPS, the Government has decided that tax benefits as…
The Trump administration is keen to strike deals as it dangles an extension to trading partners. But it’s also issuing threats to some of them. Source link
The IT integration of recently amalgamated Regional Rural Banks (RRBs) under the ‘One State One RRB’ framework is likely to be completed by September 30, Nabard Chairman Shaji KV said on Monday.Speaking at a CII event, Shaji said the RRB amalgamation exercise, which took effect on May 1, aimed at enhancing scale efficiency and cost…
The health secretary has used peer pressure to persuade food makers to nix synthetic dyes. The candy industry is holding out, arguing American consumers like bright sweets. Source link
The Reserve Bank of India has maintained the interest rate on its Floating Rate Savings Bonds (FRSBs) at 8.05% for the July–December 2025 period, offering one of the highest government-backed returns currently available in the fixed-income market.While this rate remains unchanged from the January–June 2025 period, it places FRSBs well ahead of most bank fixed…
A tanker is headed to South Korea with a first shipment of liquefied natural gas from Canada, which hopes to reduce its export reliance on its neighbor. Source link
This is an AI-generated image, used for representational purposes. The Indian government is drafting a fresh strategy to promote domestically-flagged ships, after its current Rs 1,624 crore scheme launched in FY22 has fallen short of its objectives. The scheme, which aimed to raise India’s share of EXIM cargo carried by Indian ships, has not had…
The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals. Source link
French tech giant Capgemini on Monday announced its acquisition of business process services (BPS) provider WNS for $3.3 billion in cash, a strategic move aimed at creating a global leader in AI-powered business operations. As per the news agency AFP, the deal, unanimously approved by both companies’ boards, values WNS at $76.50 per share, a…
As the primary recipients of the H1-B programme, Indian nationals were particularly impacted by visa rejections. (AI image) NEW DELHI: If you are an H-1B visa applicant or aspirant, it’s important to be prepared for longer wait times, higher denial rates, and ‘novel issues’. Immigration experts suggest that H-1B visa applicants to the United States…
