Cover Financial News

Also read | Step-by-step: Setting up trusts for specially-abled children He began to seriously consider financial planning after the covid-19 outbreak, when many doctors with private practices suddenly found themselves without income due to clinic closures. “We never imagined doctors could face such a situation. I realised it was time to plan our finances systematically, so I approached Suresh Sadagopan and his team at Ladder7 Wealth Planners," Das recalls.

Fauna of India Checklist Portal" on the occasion of the 109th Foundation Day of the Zoological Survey of India (ZSI) in Kolkata on Sunday, Union Environment Minister Bhupender Yadav said the first comprehensive document on the faunal species in India will position the country as a global leader in biodiversity documentation.

Mint above and four in line with their five-year average trend. In the month prior, 10 indicators were better or in line with the trend. These are the findings of the latest Mint macro tracker, which provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.

He has not graduated college yet, but this 21-year-old has already become the toast of his university and hometown for his brand, shiny new car! Sayooj S Chandran, a final-year undergraduate student, became a celebrity of sorts at St Pius X College in Rajapuram, a remote hill village in Kasaragod when he revealed he had splurged a whopping Rs 10 lakh on a new car. These were the earns he made by tutoring IAS exam hopefuls online.

capital markets regulator Sebi to float an initial public offering (IPO). The Gujarat-based company's initial share sale is entirely an offer for sale (OFS) of 73.82 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP). Those selling shares under the OFS are Mahendra Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.

The Ministry of Health & Family Welfare has issued fresh guidelines for the issuance of CGHS Card to serving government employees and pensioners, according to an Office Memorandum (OM) issued on June 27. The revised guidelines have been issued in view of technological changes and changes in payment methods of contribution for the Central Government Health Scheme (CGHS), the OM further said.

Union Commerce and Industry Minister Piyush Goyal, expressing concerns over the extension of the Interest Equalisation Scheme (IES) for only two months and exclusively for MSMEs. Federation of Indian Export Organisations (FIEO) president Ashwani Kumar highlighted that the scheme has so far benefitted not only MSMEs but also merchant exporters and large manufacturing companies at a lower rate of two per cent for 410 tariff lines, covering labour-intensive products. The current scheme, valid till June, provides pre and post-shipment rupee export credit, offers a two per cent interest equalisation rate for manufacturers and merchant exporters dealing with specified 410 export items, and a higher rate of three per cent for MSME manufacturers exporting under any of these items.

Indian Railways achieved another milestone on Friday with the successful trial run of High-Speed CRS on the famed Chenab Bridge, the world’s highest railway bridge, in Jammu and Kashmir. This trial run marks a significant step towards commencing rail operations on the Reasi-Baramulla route in Kashmir. Earlier, after conducting its first trial run this week, the Ministry of Railways had said: «After an extensive inspection of the newly constructed Chenab Bridge by senior officers from Railway Board, Northern Railway, and Konkan Railway, a trial run was conducted on a 46-km-long electrified line section between Sangaldan in Ramban district and Reasi at a speed of 40 kmph.» The trial, starting at 12.35 pm from Sangaldan and reaching Reasi at 2.05 pm, covered nine tunnels spanning 40.787 km, including the longest tunnel T-44 stretching 11.13 km. This marks the inaugural full train crossing on the iconic bridge between Dugga and Bakkal stations over the Chenab river, the highest arch railway bridge globally, the ministry said.

self-assessment conducted by the Indian government, it has come to light that a vast majority of the country's public health facilities are falling short of essential standards mandated by the government. This comprehensive evaluation covered over two lakh healthcare facilities, encompassing district hospitals, sub-district hospitals, community health centers, primary health centers, and Ayushman Arogya Mandirs. Detailed Assessment of Public Health Facilities According to data published on the Indian Public Health Standards (IPHS) dashboard, only approximately 20% of the assessed facilities achieved a score of 80% or higher, meeting the required benchmarks for infrastructure, human resources, drugs, diagnostics, and equipment. This indicates a significant shortfall in meeting basic healthcare standards across the majority of public health facilities in India.

T20 World Cup final on Saturday, rain is expected to play a significant role in the outcome. Both teams have faced long title droughts, with India last winning a major trophy in 2013 and South Africa's only ICC win in 1998.

₹25,000 crore) for the rights to broadcast International Cricket Council (ICC) events in India between 2023 and 2027. It has since followed a strategy of broadcasting marquee events such as the 2023 World Cup and the ongoing T20 World Cup free online, relying on advertisement revenues. Disney+Hotstar did execute a deal for around $1.4 billion with Zee Entertainment Enterprises Ltd, which was to take over the TV broadcasting rights.

MUMBAI : Foreign investors in India’s equity markets have shed their pre-election jitters and remain on a bullish streak ahead of the Union budget, assured of political and economic continuity with Narendra Modi returning as Prime Minister for a third successive term. Nirmala Sitharaman, in her second successive term as India’s finance minister, will present the federal budget for 2024-25 next month. Foreign institutional investors, or FIIs, have turnedbullish ahead of the budget not just in the cash segment of Indian equities but also on the derivatives segment.

Hubble Space Telescope has recently observed a notable reduction in Neptune's cloud cover, as reported by Yahoo News. The 11-year solar cycle, in which solar activity is influenced by the magnetic fields of the Sun, is connected to this shift in Neptune's atmosphere. Neptune's cloud cover is linked to solar activity rather than its long seasons, according to data gathered over three decades by NASA's Hubble Space Telescope, the W. M. Keck Observatory in Hawaii, and the Lick Observatory in California, as reported by NASA. Even though Neptune receives a mere 0.1% of Earth's sunlight, its cloud patterns are influenced by the sun's cycle. At the moment, Neptune has very little cloud cover, except a few clouds over its southern pole.

GAIL (India) Ltd on Friday said it has advanced the target to achieve net zero carbon emission by five years to 2035 as it takes multi-prolonged approach to reaching the goal. The company was previously targeting net zero carbon emissions by 2040. «GAIL Board accorded approval to advance its net zero target for Scope-I and 2 emissions by five years, from the year 2040 to year 2035,» the company said in a statement. Scope 1 covers emissions from sources that an organisation owns or controls directly — for example from burning fuel in factories or even in its fleet of vehicles.

FATF rating obtained by India will enable domestic companies to access overseas investments without going through elaborate background checks and enhanced due diligence process, highly placed sources said. The global crime watchdog, FATF on Friday adopted mutual evaluation report on India and placed the country in «regular follow-up» category. The Financial Action Task Force (FATF) hailed India for achieving high level of technical compliance. It said the country's efforts towards anti-money laundering (AML) and countering of terror financing (CFT) are achieving good results.

7th Central Pay Commission: Since the implementation of 7th Pay Commission, the Central Government Health Services (CGHS) has seen multiple changes, including revision in subscription rates, rules for entitlement of wards and limit of treatment. In April this year, one more change was announced – the Centre asked all CGHS beneficiaries to link their CGHS ID with Ayushman Bharat Health Account (ABHA) ID. But now, the decision has been put on hold until further notice.

Fixed deposits (FDs) offer safety of the principal amount along with guaranteed returns. One of the key benefits of FDs is that you can choose the terms based on your funds’ requirements and make use of the money as and when you wish. Also, you can avail the funds with interest and reinvest as and when you get the chance to lock-in your money for a higher interest rate.

IFFCO-Tokio General Insurance Company, a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan’s Tokio Marine Group, has launched a new policy for Directors and Key Management Personnel (KMPs) which can be bought on individual basis. It covers defense costs, litigation expenses and compensation that Directors & KMPs may have to face because of allegations levied against them while performing their directorial, managerial & supervisory role.

Public sector bank Punjab National Bank has enhanced the insurance coverage and other benefits for all serving personnel of the Indian Army under its flagship scheme – “PNB Rakshak Plus”.

NEW DELHI : As India's insurance regulator seeks to insure every citizen by 2047, the life insurance industry wants the government to add more incentives to increase penetration in the Union Budget 2024-25. The industry believes that the incentives would not only make insurance affordable, but would also facilitate long-term funds for investing in key areas of the economy. “India’s infrastructure sector is poised for a significant growth and requires a huge investment to support that growth.

What does retirement mean to you? It’s a question without a simple answer. Retirement isn’t solely about reaching a certain age or dealing with illness; it can be an escape from the daily routine whenever you choose.