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To simplify the process for claiming EPF benefits after the demise of a member, the Employees’ Provident Fund Organization (EPFO) has come up with a new rule. The field officers of EPFO were facing difficulties regarding the updation or rectification of Aadhaar details after the demise of its members. Hence, EPFO made a decision to […]
Muthoot FinCorp, on 21st May, 2024, announced its highest-ever loan disbursements in FY24 at Rs. 61,703.26 crore, which marked an 18.6 percent increase. Asset under management (AUM) of Rs 33,359.30 crore and a consolidated net profit of Rs 1,047.98 crore were reported by the company, which reflected a significant 62 percent rise. The company recorded […]
The premier wealth management platform Upstox has announced its entry into the insurance distribution sector. Upstox has partnered with HDFC life and featured the term insurance plans of the insurance company on the Upstox platform. Upstox aims to revolutionize the Indian insurance industry by offering its customers a simplified, transparent and customized experience of purchasing […]
Employees’ Provident Fund Organization (EPFO) is a social security organization which comes under the Ministry of Labour and Employment, Government of India. Many individuals think that the Orphan Pension under EPS 95 is provided till 18 years of age. However, EPFO has clarified through its Official X (formerly twitter) handle that the Orphan Pension under […]
The third Global AI Summit will be hosted by the Saudi Data and Artificial Intelligence Authority in September, 2024. The summit will be held from 10th to 12th September, 2024 at the King Abdulaziz International Conference Center in Riyadh. The summit will bring together international ministers, CEOs of major tech companies, organization heads, and AI […]
President of Iran Ebrahmin Raisi and his Foreign Minister Hossein Amir-Abdollahian were killed in a helicopter crash that took place on 19th May, 2024, in the East Azerbaijan Province. President Raisi had been at the Azerbaijani border for the inauguration of the Qiz-Qalasi Dam. He had been in office since 2021 and pledged Iran’s steadfast […]
The Department of Telecommunications (DoT) will soon run a pilot program in response to the telecom regulator’s financial recommendations on operators implementing the caller’s name display service on cell phones, an official from the government stated. The feasibility of implementing CNAP (Calling Name Presentation) on the network layer or physical layer will be studied by […]
The 9th Edition of 30 Under 30 Asia list by Forbes has been unveiled. This list highlights young entrepreneurs and leaders under 30 from Asia-Pacific region across ten categories. These categories are art, entertainment, sports, finance and venture capital, marketing and advertising, retail and e-commerce, enterprise technology, industry, manufacturing and energy, healthcare and science, social […]
Treasury bills are short-term debt instruments that the Government of India (GOI) issues to meet its borrowing requirements for short-term. On 17th May, 2024, The Reserve Bank of India (RBI) revised the calendar for the auction of GOI’s t-bills. Reserve Bank of India has announced the auction of GOI’s treasury bills as per the following […]
SBI has announced an increase in its fixed deposit interest rates for retail deposits (up to Rs 2 crore) Here are the latest SBI fixed deposit interest rates.(Rates in % p.a) Tenor : 7 days to 45 days Revised Rates for Public – 3.50 % p.a | Revised Rates for Senior Citizen- 4.00 % p.a […]