ACCOUNTANT GENERAL
"No accountability...By now heads should have rolled": PDP chief Mehbooba Mufti on killing of four Army personnel in Doda encounter
Mehbooba Mufti called for the DGP’s removal after a firefight in Doda resulted in the deaths of Captain Thapa, Sepoy Ajay, and two others. Mufti accused the DGP of political interference and blackmailing maulwi. General Dwivedi and ADG PI-Indian Army conveyed their condolences. White Knight Corps reported the firefight in Desa Forest. Rajnath Singh briefed.
Tesla's share of US electric car market falls below 50%
Tesla's dominance in the U.S. electric vehicle market slipped below 50% in Q2 as sales surged to a record. Tesla's market share dropped to 49.7% from 59.3% a year earlier, losing ground to GM, Ford, Hyundai, and Kia. Overall U.S. EV sales rose 11.3% year-over-year, with over 330,000 electric vehicles sold in Q2, accounting for 8% of new car sales.
Commercial vehicle sales volumes may degrow by 3-6% in FY25: CARE Ratings
Commercial Vehicle (CV) sales volumes are projected to decline by 3-6% in FY25, driven by weak demand in MHCV and LCV segments and high dealer inventory levels. However, a rebound is expected in the second half of the fiscal year due to post-election infrastructure projects and replacement demand. Despite challenges, recovery is anticipated with GDP growth and potential interest rate cuts supporting the industry.
Budget 2024 may propel a key element of the Modi govt's Panchamrit goals
The Indian government has been prioritizing sustainability through clean energy for over half a decade to ensure economic growth. The Green Hydrogen economy, an integral part of the development factors, is a key focus in the country's energy sector. The Modi 3.0 budget could introduce new financial incentives, subsidies, and infrastructure investments to bolster this nascent industry.
Samsung workers begin three-day general strike over pay
Samsung Electronics is the world's largest memory chip maker and accounts for a significant chunk of global output of the high-end chips.
Hathras Stampede: Six arrested in incident so far, says Aligarh IG
Aligarh Inspector General (IG) Shalabh Mathur confirmed the arrest of six individuals connected to the Hathras incident. The arrested individuals, comprising four men and two women, were all members of the organising committee and served as 'Sevadars' during the event.
- Go To Page 1
Central govt employees: General Provident Fund (GPF), other provident funds' interest rates announced for July-September 2024
Central govt employees' salary: The Ministry of Finance has announced the interest rates of the General Provident Fund (GPF), Contributory Provident Fund (CPF) and other similar provident fund schemes for the July-September quarter of 2024. Will investors get interest on GPF if the contribution exceeds Rs 5 lakh? GPF latest interest rates and all other latest rules explained.
Budget 2024: A look at how India’s inflation panned out within a year before Sitharaman’s key announcements
Budget 2024 India Inflation Rate | Finance Minister Nirmala Sitharaman is set to unveil Budget 2024 amid a focus on India's inflation, a pivotal concern. With inflation easing to a 12-month low of 4.75% in May, the RBI aims for a sustainable 4% target. The budget will navigate challenges like food prices and global uncertainties, shaping economic policies for stability and growth.
Beneficiaries of special assistance schemes to get money in account by 5th of every month: Ajit Pawar
Ajit Pawar ensures timely financial aid distribution for marginalized and economically weaker sections in Maharashtra, emphasizing accurate funds provision for special assistance schemes under the Eknath Shinde government.
India's entry into JPMorgan Bond Index set to benefit real estate & manufacturing: Abhishek Banerjee
Analyzing India's economic shifts from surplus to GDP growth projections, Abhishek Banerjee says the focus lies on potential impacts on export sectors and bond markets, indicating promising growth opportunities in the economy. While India's increased production and exports are positive, the shift necessitates careful sector allocation in the near term to manage potential impacts on export-oriented industries.
US made made it clear to India that it seeks accountability: American official on Pannun case
A senior official from the Biden administration stated on Wednesday that the US has continuously urged India for updates regarding the investigation into the alleged foiled plot to assassinate Khalistani leader Gurpatwant Singh Pannun. Deputy Secretary of State Kurt Campbell emphasized that the US has directly raised the issue at the highest levels of the Indian government and emphasized the importance of accountability in the case.
Hunt on for mule bank accounts; Tata Digital pause on funding
The government is working with the central bank to catch mule accounts in India’s banking system and prevent fraud. This and more in today’s ETtech Morning Dispatch.
This bank revises savings account interest rates; now earn up to 7.75% interest rate
Unity Small Finance Bank Limited (Unity Bank) has raised the interest rate slabs on savings accounts, according to the bank press release dated June 24, 2024. The bank offers highest interest rate of 7.75% on savings account.
Subodh Kumar Singh removed as NTA chief, Pradeep Singh Kharola takes over amid NEET, NET paper leak row
NTA Director General Subodh Kumar Singh was removed from his position on Saturday and placed on "compulsory wait" in the Department of Personnel and Training (DoPT). Pradeep Singh Kharola has been assigned the additional charge of NTA DG.
General Catalyst-Venture Highway deal; Sebi clears Ola Electric IPO
Silicon Valley investor General Catalyst has acquired Indian early stage fund Venture Highway. More on this in today’s ETtech Top 5.
X banned over 2 lakh accounts for policy violations in India in May
Elon Musk-run X Corp has banned 2,29,925 accounts in India between April 26 and May 25, mostly for promoting child sexual exploitation and non-consensual nudity.
Anger in country over NEET exam will 'reverberate inside Parliament': Congress slams govt
Congress president Mallikarjun Kharge said that in the last 10 years, the Modi government has ruined the future of crores of youth through paper leaks and rigging. "Grace Marks was not the only problem in NEET exam. There has been rigging, papers have been leaked, corruption has taken place. The future of 24 lakh students appearing in the NEET examination is at stake due to the actions of the Modi government," the Congress president said.
SIP SIP Stop: Account closures at new high with tighter regulation
The SIP stoppage ratio reached a record high of 0.88 in May 2024, as per AMFI data, indicating closures surpass new additions.
CCI proposes amendments to general rules, seeks stakeholder feedback
The Competition Commission of India (CCI) has proposed amendments to the General Regulations, 2009, following recent changes to the Competition Act. The changes, based on the Competition (Amendment) Act, 2023, aim to align the general regulations with the latest framework. The changes include the appointment of independent agencies to oversee the implementation of orders, maintaining confidentiality and avoiding conflicts of interest.
CBIC starts electronic disbursal of duty drawback to exporter's bank accounts via PFMS
CBIC introduces electronic disbursement of duty drawback amounts to exporters' bank accounts via PFMS platform, enhancing transparency, efficiency, and global trade facilitation standards.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
Anticipating INDIA bloc victory, women rush to open India Post accounts to get Rs 8,500 per month
Bengaluru's General Post Office is crowded with women, mainly from minority communities, rushing to open India Post Payment Bank accounts. They believe they'll receive Rs 8,500 monthly if the INDIA bloc wins the election. The Chief Post Master clarified it's a rumor, but the rush persists, with hundreds of accounts opened daily.
SBI asks staff to seek nod for opening demat accounts with other brokerages
SBI has more than 230,000 employees spread across 22,500 branches in the country. The SBI group is also the biggest asset manager in India's mutual fund industry, with assets under management (AUM) exceeding the pooled funds run by either the ICICI Group or the HDFC Group.
Rs 91 lakh penalty on YES Bank for wrongly levying non-maintenance of minimum balance charges: Is your bank charging the same?
Minimum balance negative in savings bank account: RBI has imposed a penalty of Rs 91 lakh on YES Bank for not complying with the master directions on customer service in banks. One of the reason was levying charges on savings bank account having insufficient or zero balance. Has your bank done the same too?
Need an alternative to electoral bond scheme, black money's impact on polls to rise, says Home Minister Amit Shah
Home Minister Amit Shah expressed concerns that the scrapping of the electoral bond scheme by the Supreme Court could lead to an increase in the influence of black money during the ongoing Lok Sabha elections. He said that an alternative should be debated in Parliament. The debate should involve all stakeholders including political parties, Shah said. He emphasised the need for collective deliberation to decide on a new solution following the court's judgment that the scheme violated constitutional rights.
INDIA govt to scrap Agnipath scheme, send Rs 8,500 to women's accounts each month: Rahul Gandhi
The scheme, announced by the Narendra Modi government in 2022, envisages recruiting young soldiers, called 'Agniveers' after appointment, on a contractual basis for four years and retiring 75 per cent of them without certain benefits enjoyed by those who were not employed under this programme.
This big bank now offers interest rate up to 8% on savings account, 8.55% on fixed deposits
DCB Bank has revised its savings account and fixed deposit (for amount below Rs 2 crore) interest rates. The new rates are effective from May 22, 2024, according to the DCB Bank website.
Latest General Provident Fund rules: Will interest amount be paid if the GPF contribution exceeds Rs 5 lakh? Govt clarifies
General Provident Fund rules: All government employees can open a GPF account and pay a portion of their salaries to the GPF. When they retire, employees receive the entire money accrued in their GPF account over their service tenure.
Bank account was frozen after protests against Adani port, reveals Kerala's Latin church
Vizhinjam, a coastal hamlet in the state capital, had witnessed strong protests against the seaport, which also resulted in violence in November 2022. In a pastoral letter read during Sunday Mass, the Latin church said it was facing a funds crunch due to the freezing of its bank accounts by the authorities.
Load More
