The Government e Marketplace (GeM), India’s premier online procurement platform for public sector buyers, has achieved a notable milestone in the financial year 2024–25. It successfully enabled the insurance of over 1.3 crore individuals, in addition to facilitating the hiring of 1 million manpower resources. This feat underscores GeM’s evolution from a procurement portal to …
The Union Budget 2025 brought a wave of changes to the automotive sector—particularly in the luxury segment. One of the most impactful reforms is the reduction in customs duty on cars priced above $40,000 (approximately ₹35 lakh). This move directly affects premium carmakers like Audi, whose high-end models are now expected to become more affordable in …
The Government of India introduced the Unified Pension Scheme (UPS) as a middle path between the traditional Old Pension Scheme (OPS) and the National Pension System (NPS). While the promise of a guaranteed pension—equivalent to 50% of the last 12 months’ average basic pay—is central to UPS, the response so far has been lukewarm. As …
The Reserve Bank of India (RBI) has opened a window for premature redemption of the Sovereign Gold Bond (SGB) 2017–18 Series III. As per the latest circular, bondholders will have the opportunity to encash their holdings on April 16, 2025, marking a significant financial event for those who invested in this series. The bonds, originally …
In a landmark decision that brings clarity to thousands of homeowners involved in redevelopment projects, the Income Tax Appellate Tribunal (ITAT) has ruled that a flat received in exchange for an old one should not be taxed as ‘Income from Other Sources’. This interpretation falls under Section 56(2)(x) of the Income Tax Act and marks …
Over the past 10 years, surgery costs in India have witnessed an unprecedented rise, increasing by 250% to 300%, according to a recent analysis by Policybazaar. This surge has left a significant section of the population financially vulnerable when faced with medical emergencies. Whether it’s advanced surgeries or routine procedures, almost every treatment has seen …
The Indian energy sector may soon witness a significant transformation with the possible launch of electricity derivative contracts. Leading stock exchanges, the Multi Commodity Exchange (MCX) and the National Stock Exchange (NSE), have submitted proposals to the Securities and Exchange Board of India (SEBI), seeking regulatory approval to begin trading in such instruments. This development …
The Securities and Exchange Board of India (SEBI) is reviewing its mutual fund regulations, including the scheme categorisation framework and restrictions on asset management company (AMC) activities. As per reports, this is to simplify compliance and reduce regulatory burden across the mutual fund industry. Focus on Clause 24(b) One of the major areas under review …
Global accounting giant PricewaterhouseCoopers (PwC) is pulling out of more than a dozen countries as it faces growing pressure from scandals, regulatory fines, and internal conflicts. The move marks a significant shift in PwC’s global strategy as it aims to rebuild trust and tighten control over its operations. Scaling Back to Avoid Risk According to the Financial …
On April 16, 2025, as of 11:55 AM, the BSE Sensex was down 0.01% at 76,723.66, while the Nifty 50 was up 0.02% at 23,333.40. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng INDUSINDBK 747 779.95 733 779.7 5.95 AXISBANK 1,122.70 1,159.90 1,112.60 1,156.20 3.9 TRENT 4,922.00 5,008.50 …
