- PhonePe to launch UPI payments on feature phones using GSPay technology. - Recorded net profit of ₹197 crore, excluding ESOP costs. - Preparing for IPO, with plans to list on Indian exchanges.
The Jammu and Kashmir government has approved a 2% hike in Dearness Allowance (DA) for employees under the 7th Pay Commission, raising the rate to 55% of basic pay. The move comes ahead of the expected final DA revision later this year as the current pay panel approaches the end of its term.
The PM-Kisan scheme is set to roll out its 20th installment in June 2025, continuing direct income support to over 9.8 crore farmers. Beneficiaries must complete e-KYC and verify eligibility to receive the ₹2,000 payout under this flagship government program.
A new survey reveals that nearly half of Indian HNIs are saving less than 20% of their income—despite sky-high aspirations. From mounting loans to poor financial planning, India’s wealthy are more fragile than they seem.
PM Surya Ghar: Muft Bijli Yojana has delivered Rs 1,619 crore in annual power savings within just one year. Backed by over 6.8 lakh rooftop installations, the scheme offers eightfold returns on government subsidy.
Over 2,200 government employees were found to have illegally availed benefits under Maharashtra’s ‘Majhi Ladki Bahin’ scheme, meant for economically weaker women. The revelation has triggered a wave of scrutiny, prompting the state to tighten verification and ensure only eligible beneficiaries receive aid.
Among the key proposals, the DFS has asked the RBI to exempt borrowers seeking loans below ₹2 lakh from certain provisions in the draft norms. The ministry noted that such an exemption would help maintain the efficiency of small-ticket disbursals, particularly for those who rely on gold loans for urgent or short-term needs.
IRCTC's AI assistant AskDISHA 2.0 simplifies train ticket booking, refund tracking, and cancellations with voice command capabilities and multilingual support.
The EPFO has revised its rules to ensure PF transfer claims aren't rejected due to overlapping job dates. The move is set to ease delays faced by employees during job transitions.
The UAN not only plays a vital role in managing one's PF but is also linked to the ability to update account details.
New Pension Rules 2025: The government has revised pension rules, affecting former government employees now in PSUs. Those dismissed for misconduct may lose their accrued pension benefits, a move aimed at enhancing accountability.
The central government has sanctioned an 8.25% interest rate on Employees' Provident Fund deposits for the fiscal year 2024-25, consistent with the prior year. This decision, endorsed by the EPFO's Central Board of Trustees and requiring Finance Ministry approval, affects the EPF accounts' monthly interest calculations.
Delhi government revises document list for free medical tests, addressing Aadhaar authentication issues.
Aadhaar cardholders can update their details for free via the myAadhaar portal before 14 June 2025, avoiding the post-deadline fee of Rs 50.
The Ministry of Agriculture is conducting a saturation drive for the PM-KISAN scheme to ensure all eligible farmers receive benefits by May 31, 2025.
The Department of Telecommunications adopts the Financial Fraud Risk Indicator to tackle fraud in digital payments, affecting over 200 billion transactions in India amid rising cybercrime.
The Directorate General of Foreign Trade has implemented changes to India's import policy for precious metals, limiting access to gold, silver, and platinum to authorised entities, and adjusting HS codes for better regulation.
Taneja also serves as director of Tesla’s Indian subsidiary, Tesla India Motors and Energy Private Limited, appointed in 2021.
8th Pay Commission salary, pension hike: The commission will evaluate adjustments to salaries and pensions, focusing on crucial topics such as the fitment factor and minimum wage standards.
According to Additional Chief Secretary (Cabinet Secretariat) S Siddharth, employees and pensioners under the 7th Pay Commission will now receive DA and DR at 55%, following a 2 percentage point increase
The PIB Fact Check debunks a fraudulent website's claims of a government scheme allowing citizens to earn Rs 10,000 per day, clarifying that no such project exists and urging caution against sharing personal information.