In response to rising trade tensions, the Prime Minister’s Office (PMO) will convene a high-level meeting on August 26, 2025, to discuss measures for Indian exporters facing the upcoming 50% tariff on goods entering the United States. This tariff increase, which comes into effect starting Wednesday, marks a significant escalation, with the US government doubling existing duties on Indian imports. Sources famil

Two healthcare executives were sentenced to federal prison for orchestrating a massive medical fraud operation that bilked the U.S. government out of $127 million through a scheme involving unnecessary medical braces and illegal kickbacks. The sentencing took place in federal court in Newark, marking the conclusion of one of the more brazen cases of healthcare fraud in recent years. Eric Karlewicz, 46, of Rockland County, New York, and Nicco Romanowski, 33, of Roswell, Georgia,

In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce

Andhra Pradesh Chief Minister N Chandrababu Naidu has announced the cancellation of all tenders linked to the controversial Mumtaz Hotel project in Tirumala. The decision comes amid mounting opposition from religious groups, priests, and devotees who raised concerns over the project’s potential impact on the spiritual sanctity of the revered Tirumala region. During his statement, Naidu firmly declared that no Tirumala Tirupati Devasthanams (TTD) land would be permitted for privatisation

In a major immigration reform move, US President Donald Trump has proposed a new visa scheme that offers a 'gold card' residency permit to foreigners willing to invest $5 million in the United States. This initiative aims to attract “brilliant, hardworking, job-creating people” while generating significant government revenue to balance the federal budget. Described as “like the green car

The Central Pension Accounting Office (CPAO) has issued fresh guidelines to streamline the pension disbursement process for retirees under the National Pension System (NPS). The new instructions aim to ensure that pensioners receive their dues on time without unnecessary delays. In a memo dated March 12, 2025, the CPAO emphasized the need to follow the same procedural framework as the Old Pension Scheme (OPS) to avoid errors. The CPAO’s latest reminder follows an earlier directive issue

Post Office Savings Schemes remain one of the most trusted investment options in India, offering secure returns backed by the government. Many of these schemes not only provide financial security but also offer tax benefits under Section 80C of the Income Tax Act, 1961. Investors can claim a tax deduction of up to ₹1.5 lakh per financial year when investing in these schemes, making them an attractive option for tax planning.However, these deductions are applicable only under the old tax reg

The Indian government is working on refining the Production-Linked Incentive (PLI) scheme to increase local value addition and export-driven growth in key industries. While the scheme has successfully attracted investment across multiple sectors, officials believe that further improvements are needed to address import dependency and enhance India's global manufacturing competitiveness.Since its launch in April 2020, the PLI scheme has been instrumental in drawing substantial investments i

The Andhra Pradesh government, led by Chief Minister Chandrababu Naidu, has presented a record-breaking budget for the financial year 2025-26. With an overall outlay of ₹3.22 lakh crore, this is the first time in the state's history that the budget has surpassed the ₹3 lakh crore mark. Finance Minister Payyavula Keshav introduced the budget in the Andhra Pradesh assembly, outlining major allocations aimed at boosting welfare programs, infrastructure, agriculture, and social developmen

The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d

Former Delhi Chief Minister and AAP leader Atishi has accused the newly formed BJP government of failing to fulfill its pre-election promise of providing a Rs 2,500 monthly allowance to women in its first cabinet meeting. In a video posted on X, she criticized the BJP for allegedly deceiving the women of Delhi.In response, newly appointed Delhi Chief Minister Rekha Gupta dismissed Atishi’s remarks, stating that the new government would operate on its own terms. "It’s our gove

On Monday, Telangana Chief Minister Revanth Reddy issued directives to ensure free sand supply for houses being built under the state’s ‘Indiramma’ housing scheme, which focuses on providing homes for economically weaker sections. During a review meeting on mines and mineral development, Reddy instructed officials to supply sand at reduced rates for the general public while ensuring that beneficiaries of the housing scheme receive it free of charge.   I

The Employees' Provident Fund Organisation (EPFO) has recently issued 21,885 pension payment orders as part of its ongoing efforts to implement higher pensions under the Employees' Pension Scheme (EPS) 1995. As per Minister of State for Labour & Employment Shobha Karandlaje's written response in Lok Sabha, a total of 17.48 lakh applications were submitted by pensioners and members seeking to increase their pension by making higher contributions.   The EPF

In a shocking revelation, an illegal land grab attempt targeting property originally meant for Telugu Desam Party (TDP) leader Chandrababu Naidu has come to light in Bapatla. This land, registered 25 years ago by a loyal TDP supporter, was designated for the construction of a party office in the Bapatla constituency. Over time, the value of the land surged, now estimated at ₹1.5 crore. However, when the landowner recently approached a bank for a loan using the property as collateral, he was

The newly appointed Tirumala Tirupati Devasthanams (TTD) board, under the leadership of Chairman BR Naidu, held its first meeting on Monday at the Annamayya Bhavan in Tirumala. During this meeting, the board passed several resolutions, one of which was a strong request to the Andhra Pradesh government to cancel the allotment of 20 acres of land near Alipiri for the proposed Mumtaz Hotel. The decision comes after growing concerns that the hotel project could hurt the religious sentiments of de

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

The Indian Institute of Technology (IIT) Roorkee has released the admit card for the Graduate Aptitude Test in Engineering (GATE) 2025. Registered candidates can now download their admit cards from the official website, gate2025.iitr.ac.in. GATE 2025 is set to take place on February 1, 2, 15, and 16, 2025, and it will be conducted in computer-based test (CBT) mode across eight different zones. Results are expected to be announced on March 19, 2025. Candidates can follow a simple ste

In 2024, the rural development ministry of India put a strong emphasis on women empowerment, particularly through self-help groups (SHGs). Over 10 crore rural households were mobilized into nearly 91 lakh SHGs, with a large number of women benefiting from various rural development schemes. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been a major contributor to women's employment, with over 6.7 crore women workers provided employment in the current financial

A remarkable new attraction has been inaugurated in Kanyakumari, Tamil Nadu: a 77-meter-long, 10-meter-wide glass bridge connecting the Vivekananda Rock Memorial and the 133-feet high Thiruvalluvar statue. This bridge, touted as the first of its kind in India, offers an extraordinary experience, allowing visitors to walk above the sea while enjoying panoramic views of both monuments and the surrounding waters. The project, costing Rs 37 crore, was completed by the Tamil Nadu state g

A shocking case of fraud has come to light in Chhattisgarh's Bastar region, where a man, Virendra Joshi, allegedly opened a bank account in the name of actress Sunny Leone and has been receiving Rs 1,000 every month under the Mahtari Vandan Yojana, a government scheme aimed at providing financial assistance to married women. The fraud was discovered in Talur village, raising serious concerns about the verification process and the accountability of officials handling the scheme.