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Pension fund EPFO said on Wednesday that it added 14.12 lakh subscribers in February 2022, up 14% from the 12.37 lakh subscribers in the same month a year ago. “Preliminary EPFO payroll data released today shows that EPFO added 14.12 lakh net subscribers in February 2022,” the Department of Labor said in a statement. Data …
Rising oil prices due to the war in Ukraine have pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to improve growth potential, a senior IMF official said. The country’s economy is expected to grow 8.2% in 2022-23, down 0.8 percentage points, said Anne-Marie Gulde-Wolf, acting director of the …
Tata Steel Ltd has projected a CAPEX of Rs 12 billion for 2022-2023, which could rise after the company conducts a mid-year review of its growth plans, management told reporters and journalists during a conference call. Of the planned investments, approximately Rs 8,500-9,000 crore would go to projects in India, while the rest would go …
A guide to financial independence Financial freedom is generally thought of as “a state in which an individual or household has sufficient assets to support themselves without relying on income from any form of employment.” But as Robert Kiyosaki says, “Financial freedom is available to those who learn it and work for it.” If you …
Global search engine giant Google has revealed that hackers are increasingly targeting compromised cloud accounts to mine cryptocurrencies. The disclosure is part of a new report from Google’s internal cybersecurity action team. Google’s cybersecurity team, which detects and offers advice on how to tackle cyber threats, released a report entitled “Threat Horizon” which sheds light …
As the Parliament of India prepares for the introduction of cryptocurrency law in the upcoming winter session, existing individual cryptocurrency holders have started to panic to sell their holdings. The price of Bitcoin has fallen by almost 18% in rupee terms. The price of the USD Tether (USD) also fell 17%. Why is this panic …
Tata Mutual Fund (MF) has applied for a Global Semiconductor Fund (FoF) with the Securities and Exchange Board of India (SEBI). The fund will hold shares in several publicly traded exchange-traded funds (ETFs), which in turn invest in foreign-listed semiconductor chip companies. The ETFs are iShares Semiconductor ETF, iShares MSCI Global Semiconductors UCITS ETF, VanEck …
The Reserve Bank of India (RBI) accepted 21 out of 33 recommendations from an internal working group on the ownership policies and corporate structure of private sector banks on November 26. For non-bank financial corporations (NBFCs) seeking conversion to a universal bank, the sponsor company’s minimum experience requirement, including an NBFC in the conversion process, …