Chief Economic Advisor V Anantha Nageswaran has emphasised the need for long-term savings to ensure financial security as India’s elderly population expands in the coming decades. Speaking at the ‘NPS Diwas Conference on Inclusive Pensions, Innovative Solutions: Strengthening Retirement Security in India,’ he said as quoted ANI, “We have enormous responsibility towards the population at…
The US manufacturing sector contracted for the seventh consecutive month in September, although the pace of decline eased slightly as production and demand showed marginal improvement.The Institute for Supply Management’s (ISM) manufacturing index rose to 49.1 in September from 48.7 in August. The figure remained below the 50-point mark that separates expansion from contraction, AFP…
Switzerland’s State Secretary for Economic Affairs Helene Budliger (Photo- PTI) Switzerland’s State Secretary for Economic Affairs Helene Budliger on Wednesday said that the free trade agreement between India and the European Free Trade Association (EFTA) is set to bring transformative changes in two-way economic ties and could not have come at a better time. The…
US stocks drifted on Wednesday as fresh signs of weakness in the job market stoked caution among investors. The S&P 500 fell 0.3% in early trading, though it remained near last week’s record high. The Dow Jones Industrial Average declined 51 points, or 0.1%, while the Nasdaq composite dropped 0.4%, AP reported.Treasury yields fell sharply…
Gold rate today: Gold prices surged by Rs 1,100 on Wednesday to cross the Rs 1.21 lakh per 10 grams mark in the national capital, tracking firm global cues amid the US government shutdown after Congress failed to approve fresh federal funding.According to the All India Sarafa Association, 99.9 per cent purity gold jumped to…
The Union Cabinet on Wednesday approved the widening of the 85.675 km Kaliabor-Numaligarh section of NH-715 in Assam into a four-lane highway at a total capital cost of Rs 6,957 crore, according to an official statement. The project will be executed on engineering, procurement, and construction (EPC) mode.The upgrade aims to improve connectivity across Assam…
The Union Cabinet on Wednesday approved a 6.59 per cent increase in the minimum support price (MSP) for wheat, raising it by Rs 160 per quintal to Rs 2,585 for the 2026-27 marketing year. The decision was taken in a meeting chaired by Prime Minister Narendra Modi.Last year, wheat MSP was fixed at Rs 2,425…
India’s goods and services tax (GST) revenues rose 9.1% year-on-year to Rs 1.89 lakh crore in September, Reuters reported citing government data.In August, Gross GST collections had stood at Rs 1.86 lakh crore, reflecting a 6.5% rise from Rs 1.75 lakh crore in the same month last year. Net collections for August were Rs 1.67…
India’s richest people: Mukesh Ambani and Gautam Adani Mukesh Ambani and his family have beaten Gautam Adani to become India’s richest, according to the latest M3M Hurun India Rich List 2025. With a wealth of Rs 9.55 lakh crore, Ambani has reclaimed the top spot, while Adani family stands second with a wealth of Rs…
The government implements biannual revisions of DA and DR. DA, DR hike cheer! The Cabinet is likely to approve a 3% hike in Dearness Allowance (DA) and Dearness Relief (DR) for working and retired central government employees on Wednesday, sources told TOI. As the festival of Diwali nears, employees and pensioners of the Central Government…
