The Karnataka Cabinet, on April 11, cleared the much-awaited Karnataka Platform-based Gig Workers (Social Security and Welfare) Bill, 2024, which is now expected to be introduced as an Ordinance. If passed, this would make Karnataka the second State in the country to introduce legislation for the welfare of platform-based gig workers after Rajasthan. Why legislation? Reports … Read more
The Finance Ministry has recently modified the Direct Tax Vivad Se Vishwas Scheme, 2024 to address issues faced by taxpayers and provide relief. A circular issued by the ministry stated that the changes were made to remove difficulties that had hindered taxpayers from applying for the scheme earlier. The government has released crucial clarifications in … Read more
The mutual fund industry in 2024 saw robust asset growth, substantial inflows, and a rising trend of choosing Systematic Investment Plans (SIPs) for investment. Amid a thriving market and escalating investor trust, mutual funds continue to be a favored option for long-term wealth accumulation. In 2024, the assets under management (AUM) of the mutual fund industry … Read more
Bangladesh Prime Minister Sheikh Hasina. File. | Photo Credit: AP Hasina involved in forced disappearances, says Bangladesh inquiry commission In a new turn of events, the Commission of Inquiry on Enforced Disappearance set up by the interim government of Bangladesh filed a report on Saturday (December 14, 2024) stating that it found the “involvement of … Read more
India’s D. Gukesh reacts after beating title-holder China’s Ding Liren in the 14th and last game of the FIDE World Chess Championship 2024, in Singapore, on December 12, 2024. | Photo Credit: PTI Gukesh is youngest world chess champion History was made on the small island of Sentosa in Singapore on Thursday (December 12, 2024), … Read more
A view of India Gate covered in a layer of smog in New Delhi. File photo | Photo Credit: ANI The air quality in the national capital improved on Saturday (October 26, 2024) morning due to favourable winds even though the Air Quality Index (AQI) remained in the ‘poor’ category. Also read: Air pollution 8 … Read more
Smoke rises from the southern Lebanese village of Kfar Kila, amid ongoing cross-border hostilities between Hezbollah and Israeli forces, as pictured from Marjayoun, near the border with Israel, on September 20, 2024. | Photo Credit: Reuters Sri Lanka to choose President in crucial contest on September 21 Over 17 million Sri Lankans will have a … Read more
DA hike: The Centre is anticipated to make an announcement regarding the second hike in Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners from July 2024 in September. It is estimated that the government led by Prime Minister Narendra Modi might sanction a 3% increase in DA and DR during this phase. … Read more
Nippon India Mutual Fund has revised its subscription limits for Nippon India Small Cap Fund, effective from Friday, i.e., August 16, 2024. Among the new changes, the daily investment limit for new Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) will shift from Rs 50,000 per day per PAN to Rs 50,000 per transaction … Read more
Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more