CONTRIBUTIONS
BNSS launches community service initiative for petty theft and nuisance offenses
India's new Bharatiya Nyaya Sanhita (BNS) has replaced the IPC, introducing community service as a penalty for minor crimes like theft under Rs 5,000. This marks a shift towards rehabilitative justice, offering offenders alternatives to fines or jail time. Despite its positive intent, the implementation faces challenges due to unclear monitoring guidelines. Experts emphasize the need for structured frameworks and specific tasks to ensure uniform application and effective community contribution, highlighting the reform's potential in blending justice with social welfare.
RIL, M&M contribute nearly 3,000 points to the 10K rally of Sensex
Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time.
These 3 smallcap mutual funds contributed 61% to total inflows in six months
Around three smallcap mutual funds have contributed 61% to the total inflows in the last six months (December 2023 to May 2024), according to a report by ICICI Direct Research.
MHA extends validity of FCRA registered NGOs with pending renewal application
The Union Home Ministry has extended the validity of FCRA registered NGOs with pending renewal applications until September 30. This notification impacts entities dealing with the Foreign Contribution (Regulation) Act, particularly those facing expiration of the five years validity period. Renewal guidelines are crucial for maintaining eligibility to receive and utilize foreign contributions.
EPS withdrawal rules changed; lakhs of EPF subscribes to benefit; check if you stand to benefit
The government has changed the Employees’ Pension Scheme (EPS) of 1995 to enable members with fewer than six months of employment to receive a withdrawal benefit. Additionally, the government amended Table D to ensure that withdrawal benefits are paid fairly; this change would benefit over 23 lakh members.
T20 World Cup 2024: Rohit Sharma believes Rahul Dravid 'deserved the trophy' for his contribution to Indian Cricket
As India successfully ended their ICC trophy drought, Men in Blue skipper Rohit Sharma said that departing head coach Rahul Dravid deserved the T20 World Cup 2024 trophy more than anyone in the team.
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New NPS contribution rule: PFRDA reduces timeline of contributions made from July 1; three important things to know
New NPS rules: The new NPS contribution timeline allowing for same-day investment will come into force on July 1, 2024, as per a circular issued by PFRDA on June 28, 2024.
Sebi permits up to 100% aggregate NRI corpus contribution for FPIs based out of GIFT IFSC
Sebi allows up to 100% NRI, OCI, and RI contribution in FPIs at IFSC to boost Indian investment. Declarations and PAN card submissions are required, with provisions for contributors lacking PAN or taxable income. Existing FPIs must submit declarations within six months for renewal review.
Sebi issues guidelines for contribution to LPCC's core settlement guarantee fund
LPCC is an entity established to undertake the activity of clearing and settlement of repo transactions. A well-functioning repo market contributes to the development of the debt securities market by way of boosting liquidity.
Karnataka contributes 22% to global R&D, says IT Minister Priyank Kharge
Karnataka IT Minister Priyank Kharge on Wednesday said the state is at the forefront of innovation, contributing 22 per cent to global R&D, and is leading in areas such as technology services. The state government is striving to make not just Karnataka but India a skilled nation, research and manufacturing destination, innovation capital and biotech and startup hub, he said.
New Zealand will increase its military contribution to N. Korea sanctions monitoring
New Zealand will enhance its contribution to North Korea sanctions monitoring based in Japan, Prime Minister Christopher Luxon announced on Tuesday. The government will deploy New Zealand Defence Force ships for the first time and increase aircraft deployments until September 2026. This decision underscores New Zealand's commitment to collective security in the Indo-Pacific region. Despite facing challenges like high attrition rates and aging equipment, New Zealand aims to boost military spending, with a new Defence Capability Report set for approval later this year, according to Defence Minister Judith Collins.
Small Indian-American community making grand contributions in the US: Report
The report "Indiaspora Impact Report: Small Community, Big Contributions," conducted by Boston Consulting Group, is the first volume in a series to look at the impact of the Indian diaspora, with a special focus on public service, business, culture and innovation in the United States.
"AAP contributed in downsizing BJP in Lok Sabha," Party leaders say in post-election analysis meeting
"We were moving forward with two objectives. Our first objective was to bring down the Modi government and our second objective was to get the maximum number of seats for the AAP. Today, the seats that the BJP has lost, you people have laid the foundation for them in Ramlila Maidan with your struggle," Rajya Sabha MP Sandeep Pathak said in the meeting that was also attended by the party's volunteers.
Govt to focus on increasing contribution of renewables in India's energy matrix: Pralhad Joshi
Senior BJP leader Pralhad Joshi, the Union Minister for New and Renewable Energy, emphasized the government's commitment to increasing clean energy contribution in India's energy mix.
Govt to focus on increasing contribution of renewables in India's energy matrix: Pralhad Joshi
Senior BJP leader Pralhad Joshi, newly appointed as Union Minister for New and Renewable Energy, expressed commitment to further boost clean energy in India. He highlighted the sector's significant progress under Prime Minister Narendra Modi's leadership, with India ranking fourth globally in renewable energy capacity. Joshi also emphasised the importance of working towards energy security and mentioned plans to review and enhance the sector's performance within 125 days.
Human-caused global warming hits record high, scientists report
Climate experts gathered in Bonn to prepare for COP29 in Baku, emphasizing the urgent need for global cooperation in mitigating climate change impacts, highlighted by the Climate Change Tracker's new data dashboard. The report reveals that human-induced warming has reached 1.19°C, with an unprecedented rate of 0.26°C per decade due to high greenhouse gas emissions.
MHA grants SRK's NGO, Meer Foundation, FCRA licence
Shah Rukh Khan's NGO, Meer Foundation, granted FCRA licence by MHA for 5 years to support acid attack survivors.
Coal India's contribution to govt exchequer drops 2.2 per cent to Rs 9,560 crore in April-May
Coal India Ltd's contribution to the government's exchequer decreased by 2.2% to Rs 9,560.28 crore in April-May of the current fiscal year, down from Rs 9,777.64 crore in the previous year. Total levies paid to the government in May rose to Rs 4,763.20 crore. State governments receive revenue from coal production through royalties, GST, and other levies, with Jharkhand and Odisha receiving the highest amounts.
Pema Khandu: Music and sports lover who brought BJP to power in bordering Arunachal
Pema Khandu, a sports enthusiast and music enthusiast, has become a prominent leader in Arunachal Pradesh, particularly after a 2016 constitutional crisis that led to president's rule. Khandu was a strategist who brought the Bharatiya Janata Party (BJP) to power for the first time in the northeastern state bordering China. He joined the Congress in 2000 and held various positions before winning a by-election uncontested from his father's constituency Mukto.
Equity mutual funds continue to witness the maximum share from all states
In April 2024, India saw a 37.29% annual surge in average assets under management (AAUM) to Rs 57.01 lakh crore, with equity-oriented schemes dominating. Maharashtra led in AAUM contribution, followed by New Delhi and Karnataka. No state witnessed a sequential decline in AAUM.
Sebi amends rule to facilitate ease of doing biz for cos planning IPOs
Companies promoted by entrepreneurs often have several rounds of funding prior to listing their equity shares on the stock exchanges. In such situations, the promoters' holding may fall short of the minimum promoter contribution i.e., 20 per cent of the post-offer equity share capital.
NPS partial withdrawal rules 2024: 7 instances when you can apply for partial withdrawal from NPS corpus
NPS partial withdrawal rules: NPS is a market-linked defined contribution scheme that helps you save for retirement. The scheme is simple, voluntary, portable and flexible. An NPS member can withdraw partial withdrawals from their retirement funds to meet certain requirements without compromising their monthly stipend upon retirement.
Rajiv left numerous legacies like 1991 manifesto which talked about liberalisation: Jairam Ramesh
Rajiv Gandhi, India's PM from 1984 to 1989, was assassinated by LTTE cadres during an election campaign in Sriperumbudur, Tamil Nadu, in 1991. His impactful legacy includes the 1991 manifesto guiding economic policy changes.
It's open season on international students across the world; and countries have billions at stake
Countries are reevaluating visa programs and education exports as student numbers surge, impacting housing costs, public services, and financial contributions. The debate involves higher-education providers, employers, tuition fees, migration policies, funding models, the role of the Office for Students, and government language affecting international student perceptions.
You could lose section 80C tax benefit on EPF contribution; here's why
Section 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Employees Provident Fund (EPF) contribution. However, not many are aware that if the EPF trust does not meet certain specified conditions, then both the employer and employee contribution will be taxable in the hands of an individual.
India leader in Green Energy Affordability, says MNRE Secretary
India's Renewable Energy Secretary Bhupinder Singh Bhalla underscored India's leadership in renewable energy affordability at the World Hydrogen Summit 2024 in Rotterdam. Bhalla emphasized India's efficient grid infrastructure for integrating renewable energy and assured the global industry of India's capability to scale production with adequate market demand and support. He highlighted that 43% of India's current installed electricity capacity comes from non-fossil fuels, with expectations to reach 50% by 2030, reflecting India's robust renewable energy strategy.
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.
Mutual fund SIPs cross Rs 20,000 crore milestone, doubling in less than 2 years
The monthly SIP contribution has doubled from Rs 10,000 crore in September 2022 to Rs 20,000 crore in about one-and-a-half years. The number of MF SIP accounts stood at the highest ever at 8.70 crore in April 2024 versus to 8.39 crore in March 2024.
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