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EPFO Adopts Unified Pension Scheme, Enhances Digital Infrastructure At 112th EC Meeting

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) The 112th meeting of the Executive Committee (EC) of the Central Board of Trustees, Employees’ Provident Fund Organisation (EPFO), was held at the EPFO Head Office in New Delhi on February 25, 2025. Ms. Sumita Dawra, Secretary of the Ministry of Labour and Employment, chaired the meeting, which was attended...

India’s Bioeconomy Surges to USD 130 Bn; CSIR-IMTECH’s Microbial Research To Drive Biotech Innovation

AIMPWAFebruary 27, 2025

Chandigarh, Feb 27 (KNN) Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, conducted an inspection of the Microbe Repository and other facilities at the CSIR-Institute of Microbial Technology (CSIR-IMTECH) while receiving updates on the institute’s ongoing projects. During his review, Dr. Singh emphasised the critical role of microbial technology as...

Quality Standards and Policy Support Propel India’s Toy Industry: Report

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) India’s toy industry is on a robust growth trajectory, with the potential to capture a larger share of the global toy market, which is projected to reach USD 179.4 billion by 2032, according to a report by Punjab National Bank (PNB). The industry is undergoing a transformation driven by skill...

Investment Summits in States Attract Billions in Commitments

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) India’s states are setting new benchmarks in investment commitments, with Madhya Pradesh concluding its two-day Global Investors’ Summit on Tuesday, securing pledges worth Rs 26.61 lakh crore—twice the size of the state’s GDP. This follows Odisha’s Utkarsh Odisha Conclave in late January, which attracted commitments of Rs 12.89 lakh crore,...

KVIC Act To Be Amended To Modernize & Digitize Khadi Supply Chain

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) The government is set to amend the Khadi and Village Industries Commission (KVIC) Act to enhance the marketability of khadi, connect with younger consumers, and promote exports of desi fabric. The proposed changes aim to revamp the khadi supply chain, digitise operations, and position khadi as an eco-friendly, sustainable fashion...

Australia-India Trade Deal Saves Exporters $2 Billion in Tariffs

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) Exporters from Australia saved approximately USD 2 billion in tariffs by December 2024 due to concessions under the Economic Cooperation and Trade Agreement (ECTA) with India, according to an official statement. The ECTA, which took effect on December 29, 2022, has significantly reduced trade barriers. Currently, over 85 per cent...

Supreme Court Strengthens Safeguards Against Arbitrary Arrests Under GST and Customs Acts

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) In a landmark ruling, the Supreme Court has held that the rights of accused persons under the Code of Criminal Procedure (now Bharatiya Nagarik Suraksha Sanhita) apply equally to arrests made under the Goods and Services Tax (GST) Act and the Customs Act. The Court emphasised that arresting authorities must...

India Prepares for Impact of EU’s Carbon Border Adjustment Mechanism

AIMPWAFebruary 27, 2025

New Delhi, Feb 27 (KNN) India’s export sector, particularly in steel, aluminium, and other high-emission industries, is set to face challenges due to the European Union’s Carbon Border Adjustment Mechanism (CBAM), warned Thomas Kerr, Lead Climate Change Specialist at the World Bank. Speaking at PRAKRITI 2025, an international conference on carbon markets, Kerr emphasised the...

Tata Capital Board to meet on Tuesday to consider rights issue proposal

AIMPWAFebruary 27, 2025

The Board of Directors of Tata Capital Ltd (TCL) will be meeting on Tuesday to consider a proposal for raising funds by way of issue of equity shares on a rights basis amid plans for an initial public offering (IPO). This comes even as TCL and its parent – Tata Sons Pvt Ltd – are...

RBI raises ceiling on small value loans for UCBs, ups home loan limit

AIMPWAFebruary 27, 2025

The Reserve Bank of India seems to have done urban cooperative banks (UCBs) a good turn by raising the ceiling of small value loans. This may ensure that these banks are able to meet the prudential norm, whereby their loan book should comprise at least 75 per cent priority sector loans by the March-end 2026...

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Banks see cracks in the economy as consumers blink at inflation, tariffs

AIMPWAMarch 14, 2025

Banks are seeing lower credit-card spending, while delinquencies are rising. Source link

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

AIMPWAMarch 14, 2025

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply from 11.65% to 10.66% and sends a positive signal to India’s trading partners like the US, Central Board of Indirect Taxes and Customs (CBIC) Chairperson Sanjay Kumar Agarwal said in a post-budget interview. The comments...

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

AIMPWAMarch 14, 2025

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post-budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh...

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

AIMPWAMarch 14, 2025

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry. A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies, not the entire sector. “The duty abolition will only...

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Latest Posts

EPFO Adopts Unified Pension Scheme, Enhances Digital Infrastructure At 112th EC Meeting

India’s Bioeconomy Surges to USD 130 Bn; CSIR-IMTECH’s Microbial Research To Drive Biotech Innovation

Quality Standards and Policy Support Propel India’s Toy Industry: Report

Investment Summits in States Attract Billions in Commitments

KVIC Act To Be Amended To Modernize & Digitize Khadi Supply Chain

Australia-India Trade Deal Saves Exporters $2 Billion in Tariffs

Supreme Court Strengthens Safeguards Against Arbitrary Arrests Under GST and Customs Acts

India Prepares for Impact of EU’s Carbon Border Adjustment Mechanism

Tata Capital Board to meet on Tuesday to consider rights issue proposal

RBI raises ceiling on small value loans for UCBs, ups home loan limit

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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