In a significant move to enhance retirement benefits for government employees, the Union Cabinet on Saturday approved the Unified Pension Scheme (UPS). This new scheme is set to benefit approximately 23 lakh government employees and will serve as an alternative to the existing National Pension System (NPS). Background The decision comes after a thorough review…

Odisha Chief Minister Mohan Majhi has unveiled the Subhadra scheme, a significant initiative under the BJP government. The scheme promises ₹50,000 to one crore women aged 21 to 60 over the next five years, with a total budget allocation of ₹55,825 crore. The funds will be disbursed in annual installments of ₹10,000, divided into two…

On August 21, 2024, GAIL (India) Limited and US-based Petron Scientech Inc signed a Memorandum of Understanding (MoU) to explore the development of a 500 Kilo Tonne per Annum (KTA) bio-ethylene plant in India. This initiative will involve a 50:50 joint venture, where both companies will conduct feasibility studies to evaluate the technical and financial…

Former Swedish tennis player Peter Lundgren, who also coached Roger Federer early in the Swiss player’s career, has passed away at the age of 59. One of the best has unfortunately left us far too soon. Swedish tennis player Lundgren was part of the wave of Swedish tennis players in the 1980s that followed in…

Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with collateral-free options and tenure extending up to 5 years. TPSSL collaboration with ICICI…

Manila ranked first with a 26 per cent annual rise during the quarter. Mumbai and Delhi are at the second and third positions, respectively, among 44 cities globally in annual price rise of prime residential properties during the June quarter, Knight Frank said in a report. The annual price growth across the 44 cities globally…

Goldman Sachs has revised India’s GDP growth forecasts for 2024 and 2025, anticipating slower expansion due to reduced government expenditure and other economic factors. The bank now projects a growth rate of 6.7% for 2024 and 6.4% for 2025, down by 20 basis points each from previous estimates. This adjustment follows a significant 35% contraction…

Uttar Pradesh, a key state in northern India, is home to several major rivers that are vital for its agriculture, culture, and economy. These rivers, flowing from the Himalayas and other regions, support millions of people with water resources and have deep religious and historical significance. This article explores the top five biggest rivers of…

The Reserve Bank of India (RBI) has updated its e-mandate framework to include the auto-replenishment of balances in FASTag and the National Common Mobility Card (NCMC). Under the new rules, these auto-replenishment transactions, which occur when balances fall below a customer-defined threshold, will no longer require a pre-debit notification. This change aims to streamline recurring…