Significant changes have been introduced to the Public Provident Fund (PPF) scheme, starting in October 2024. These modifications directly impact Non-Resident Indians (NRIs) and accounts opened in the name of minors. The changes aim to simplify the management of PPF accounts and bring uniformity across different types of account holders. Both current and prospective investors should be aware of these amendments as they will affect long-term savings strategies.

On Day 3 of the opening Test against New Zealand, India showcased a determined fight back, ending the day at 231 for 3, largely thanks to the efforts of Sarfaraz Khan and Virat Kohli, both of whom scored half-centuries. This comes after a challenging first innings for India, where they were bowled out for just 46 runs. New Zealand resumed the day on 180 for 3, ultimately posting a formidable total of 402, led by Rachin Ravindra's impressive century (134 runs). The Kiwis establis

Byju Raveendran, the founder of the beleaguered edtech company Byju's, announced on Thursday his willingness to repay all outstanding debts to lenders, contingent upon their cooperation. During a lengthy media call lasting two and a half hours, Raveendran highlighted the critical nature of the ongoing insolvency proceedings, which were triggered after the BCCI sought to recover ₹158.9 crore in dues from the company. "If they are willing to work with me, I am willing to gi

In a challenging start to the first Test against New Zealand, the Indian cricket team faced a dismal defeat, getting bundled out for a mere 46 runs—marking their third lowest score in Test history. After the first Test was washed out due to rain, the second day saw India’s batting lineup crumble under overcast conditions, much to the dismay of captain Rohit Sharma. Reflecting on the disastrous decision to bat first, Rohit admitted in the post-Day 2 press conference that

In a recent press conference ahead of the first Test against New Zealand in Bengaluru, India’s Test and ODI captain Rohit Sharma shared concerning news about pacer Mohammed Shami's rehabilitation. Addressing questions from the media, Rohit indicated that Shami is unlikely to travel with the team for the five-match Border-Gavaskar Test series in Australia due to fitness issues. Shami has been sidelined from cricket since the 2023 ODI World Cup, and despite previous optimism

Ahead of India's three-match Test series against New Zealand, former wicketkeeper-batter Parthiv Patel expressed strong confidence in the Rohit Sharma-led side's ability to triumph over any opponent in the longest format of the game. Since New Zealand defeated India in the 2021 World Test Championship final, India has rebounded impressively, reaching another final in 2023 and currently holding the top rank in Test cricket. The team is also coming off a dominant 2-0 series win over Ban

In a stunning display of skill and determination, India's wicket-keeper batter Sanju Samson achieved a monumental milestone by scoring his maiden T20I century in the third and final T20I match against Bangladesh on Saturday. Samson reached the three-digit mark in the second-fastest time for an Indian, maintaining an aggressive approach throughout his innings. As he approached his hundred, Samson refused to slow down, hitting big shots even while

In a surprising turn of events, Gadwal Vijayalakshmi, the GHMC Mayor, has found herself in a precarious situation following a new rule enforced by GHMC Commissioner Amrapali Kata. The recent regulation bans the use of high-decibel speaker systems and DJ music in Hyderabad, putting an end to a long-standing tradition of loud celebrations during festivals and public gatherings. Just days after this ban was instituted, Mayor Vijayalaks

In a concerning incident in Tamil Nadu's Tiruvallur district, the 12578 Mysore-Darbhanga Express collided with a stationary goods rake at Kavaraipettai around 8:50 PM. The collision resulted in at least two coaches of the passenger train catching fire and derailing. Immediate Response: Emergency rescue teams and ambulances have been swiftly dispatched to the scene to assist passengers and assess the situation. Fortunately, there have been no reports of casualtie

The past week was significant in shaping India's economic narrative, marked by the death of industrialist Ratan Tata and shifts in monetary policy. Ratan Tata's Passing and Noel Tata's Appointment: India mourned the loss of Ratan Tata, the revered former chairman of Tata Sons, who passed away at 86. In a board meeting, Noel Tata was appointed as the new Chairman of Tata Trusts, a pivotal moment in the continuity of the Tata legacy. Noel, wh

India's benchmark equity indices closed lower for a second consecutive week on Friday, as market sentiment was dampened by losses in major stocks such as Titan Co. and Tata Steel Ltd. On Friday, the Nifty index slipped by 0.10%, or 24.15 points, finishing at 24,974.3, while the Sensex declined by 0.22%, or 176.01 points, closing at 81,435.40. The decline was attributed to the performance of banking stocks and Tata Consultancy Services Ltd., which contributed significantly to the

In a shocking turn of events, the Pakistan cricket team scored a formidable 556 runs in their first innings during the Multan Test, only to suffer a crushing defeat by an innings and 47 runs against England. The visitors responded with a staggering 823/7 before declaring, marking a record-breaking innings in Test cricket history. This defeat made Pakistan the first team ever to lose a Test match by an innings after scoring over 500 runs in the first innings. The match was characteri

In a significant administrative decision, the central government has denied GHMC Commissioner Amrapali Kata's request to remain in the Telangana cadre. A 2010-batch IAS officer, Amrapali was originally assigned to the Andhra Pradesh cadre during the bifurcation of the state. The Ministry has now directed her to report to the Andhra cadre, dismissing her plea to be recognized as a Telangana-native officer. The decision is rooted in the recommendations of the Khandekar Committee,

The Haryana election results are generating significant buzz nationwide, particularly with the notable victory of Olympian and former wrestler Vinesh Phogat in the Julana assembly segment. Running as a Congress candidate, Phogat triumphed over BJP's Captain Yogesh Bairagi, a former Army officer, and Kavita Dalal from the Aam Aadmi Party, also a wrestler, securing her win by a remarkable margin of over 6,000 votes. Despite Phogat's standout performance, the broader picture in

India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday. The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15,

Maldives President Mohamed Muizzu's state visit to India represents a pivotal moment in the relationship between the two nations, particularly following recent diplomatic tensions caused by derogatory remarks made by Maldivian ministers about Prime Minister Narendra Modi. During his visit, President Muizzu proposed a Rs 3,000 crore currency swap deal aimed at bolstering the Maldives' foreign exchange reserves amid ongoing economic challenges. Foreign Secretary Vikram Misri b

Income Tax Return (ITR) filing is a critical component of financial compliance for individuals, especially for Non-Resident Indians (NRIs). This process involves reporting income, disclosing taxes paid, and claiming any potential refunds from the Indian tax department. For NRIs, understanding and complying with India's ITR filing requirements can be complex, given varied income sources and intricate tax laws. They often face the challenge of potential double taxation, necessitat

In a touching gesture, Indian cricket star Virat Kohli gifted a signed bat to Bangladesh's Shakib Al Hasan following the second Test match in Kanpur, which also marked Shakib's final appearance on Indian soil. This moment was particularly poignant as Shakib announced his retirement ahead of the match, and uncertainties loom regarding his participation in future Test matches due to ongoing political tensions in Bangladesh. After India's comprehensive victory over Banglade

The Kerala health department announced on Friday the emergence of another Mpox case in the state, prompting officials to encourage anyone exhibiting symptoms to seek immediate medical care. This follows the report of India’s first confirmed case of the new Clade 1b strain earlier in the week. State Health Minister Veena George stated that a high-level evaluation meeting was convened to assess the ongoing situation. The contact list of the confirmed patient has been compiled, a

The Tata Group is making significant strides into the semiconductor industry, as Chairman N Chandrasekaran announced plans to establish new manufacturing facilities in various locations across India, including Assam and Ozhur in Kerala. Chandrasekaran emphasized the group’s commitment to building a robust semiconductor ecosystem in the country. The main facility, a semiconductor fabrication plant (Fab), is under construction in Dholera, Gujarat. This state-of-the-art facility