From an employee’s perspective, some of the most notable changes relate to withdrawals and access to savings. (AI image) Employees’ Provident Funds Scheme, 2026: The Ministry of Labour and Employment has notified the Employees’ Provident Funds Scheme, 2026. This has been notified by the government under the Code on Social Security, 2020. It replaces the…
File photo: PM Modi with Japanese PM Takaichi India and Japan are set to sign an agreement to strengthen liquefied natural gas (LNG) supply security amid ongoing global supply chain disruptions, with the pact expected to be concluded during Thursday’s annual summit between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi.The two countries…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Wednesday said he is not involved in managing his personal finances, a day after financial disclosures revealed he reported more than $1.4 billion in income from his family’s cryptocurrency ventures.Speaking to reporters at Joint Base Andrews before departing for North Dakota,…
Benchmark equity indices rebounded on Wednesday after two consecutive sessions of losses Benchmark equity indices rebounded on Wednesday after two consecutive sessions of losses, supported by positive global market trends and a decline in crude oil prices.The BSE Sensex climbed 443.97 points, or 0.58 per cent, to close at 76,922.64 after rising as much as…
NEW DELHI: The Union Cabinet on Wednesday approved two major highway infrastructure projects worth a combined Rs 14,114.81 crore, including a Rs 6,969.67 crore tunnel project in Delhi aimed at easing congestion and a Rs 7,145.14 crore greenfield highway corridor in Uttar Pradesh.Announcing the decisions, Union minister Ashwini Vaishnaw said the Cabinet Committee on Economic…
It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the…
The policy will remain in force until March 31, 2030 The Delhi government on Wednesday officially notified the Delhi Electric Vehicles Policy 2026, setting in motion an ambitious roadmap to accelerate electric vehicle (EV) adoption, improve air quality and strengthen the capital’s electric mobility ecosystem.According to the notification, the policy comes into effect from July…
Bharat Petroleum Corporation Ltd (BPCL) is preparing to invest about Rs 5,000 crore to almost double its LPG storage capacity to 340 thousand metric tonnes (TMT) from around 200 TMT, according to three OMC executives. Similar expansion plans by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) are still being worked out. State-run…
Both commercial LPG and ATF are deregulated fuels and their prices are revised on the first of every month in line with international benchmark rates. NEW DELHI: State-run oil marketing companies on Wednesday cut the price of commercial LPG cylinders by Rs 183.5 and aviation turbine fuel (ATF) by Rs 5 per litre, as global…
Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP…