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Cash is still king! Total currency in circulation at Rs 38.1 lakh crore; grows 2.4%

Digital payments are rising, but cash usage in India remains strong. Reserve Bank of India data shows currency in circulation is up. This increase is attributed to rural demand and good crop prices. Cash accounts for a significant portion of…

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BluSmart collapse sparks EV sell-off: Lenders race to recover dues by offloading 1500-2000 vehicles

Following BluSmart’s operational halt due to funding issues and misconduct allegations, lenders are reclaiming and offloading 1500-2000 EVs. Evera has already acquired 300 cars and seeks more, while Everest Fleet considers deals. Lenders aim to sell or lease EVs, with…

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Women hold 17% C-suite roles, 1 in 3 junior positions: Survey

Though women represent nearly half of the enrolled university students, they hold just one in three entry-level roles and 24% of manager-level positions, the survey of 77 domestic companies said.

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Govt approves 187 startups for I-T exemption benefits

The government has approved 187 startups for income tax exemption under Section 80-IAC, bringing the total to over 3,700 since the scheme’s inception. Startups incorporated before April 1, 2030, are now eligible to apply for the tax benefit. DPIIT’s revised…

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Blue-collar wages grow 5-6% annually as industries focus on skilled talent: Report

Sectors such as automotive, metals and mining and chemicals are seeing steady salary increases of about 6 per cent, driven by investments in automation and production capacity.

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Even if Apple moves manufacturing to US, India will not lose much: Global Trade Research Initiative

If Apple CEO Tim Cook decides to move manufacturing unit from India to US, it will be Apple which will lose more than India says a report by Global Trade Research Initiative founder Ajay Srivastava.

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  • DA hike in Bihar: Samrat Choudhary govt announces DA, DR hike for employees, pensioners— Check new rates, effective date

    The Bihar government has approved a Dearness Allowance increase for state employees and pensioners, raising it by 5 percentage points for the 6th Central Pay Commission and by 9 points for the 5th, effective January 1, 2026. This is a key financial decision by Chief Minister Samrat Choudhary.

  • Social Security raise in 2027? New forecasts signal a higher COLA than earlier expected

    New inflation data suggests a possible 4.2% increase in Social Security COLA for 2027, up from 3.2%. Rising costs of essentials have led to revised projections by analysts and advocacy groups, highlighting a significant loss in purchasing power for beneficiaries since 2016.

  • Locked EPFO account? Here's why it happened and how you can recover it

    See an “EPF account locked” message when you try to log into your employee provident fund. This can happen due to multiple reasons. Here's what steps EPFO members can take to resolve the issue and access their account…

  • Why is the EPFO launching a new website? Here's all you need to know about E-PRAAPTI portal

    The EPFO is all set to launch a new web portal soon, known as the E-PRAAPTI, to help members recover their old and inoperative employee provident fund accounts. Here's all you need to know…

  • I asked ChatGPT how to build fintech startup in 5 years on ₹10 LPA job: AI didn't sugarcoat anything

    A Bengaluru tech professional sought a realistic startup plan from ChatGPT. The advice emphasised using a stable job as financial capital, maintaining low fixed expenses and focusing on genuine problems over trendy ideas. 

  • Income-tax rules: Capital gains taxation on digital, paper, physical and inherited gold for Indians and NRIs, explained

    Income-tax rules: Here's how capital gains generated from digital, paper (which includes gold ETFs, gold mutual funds and sovereign gold bonds) physical and inherited gold are taxed for residents and NRIs.

  • ITR filing 2026: Sold property at a loss? Here’s how you can claim income tax relief this year

    Property sales can sometimes result in capital losses due to various reasons. Taxpayers are allowed to set off such losses against capital gains. Both short-term and long-term losses can be carried forward for up to eight years. Full details here.

  • Canara Bank hikes MCLR rate by 5 bps — Here's a look at how this impacts your auto, home and personal loan repayments

    Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' repayments for car loans, home loans and personal loans.

  • PPF extension vs phased withdrawals: What should investors choose after account maturity?

    After a PPF account matures, investors can withdraw the corpus, extend it for five years, or make phased withdrawals. Choices depend on financial goals and liquidity needs. Details here.

  • 8th Pay Commission latest updates: 5 key developments on meetings, fitment factor and salary revision

    8th Pay Commission consultations are gaining pace, with stakeholder meetings, regional visits, and an extension of the memorandum deadline, as central government employees and pensioners await updates on salary and pension revisions. 

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