31 C 
Indias CAFE III fuel-efficiency norms will take effect from April 1, 2027, tightening fleet-average targets for automakers until March 2032. The rules offer incentives for electric vehicles, hybrids, flex-fuel cars and fuel-saving technologies. But will they make cars cheaper to run or push up showroom prices? Heres how the new standards could affect vehicle costs and what buyers should consider before purchasing their next car.
No other connectivity issues: India on West Asia air traffic amid attacks in Saudi
The Ministry of External Affairs reports disruptions in Saudi Arabia following recent attacks on civilian infrastructure. Three Saudi citizens were killed and others injured as a result of the violence at King Khalid International Airport. Despite the incidents, air traffic across West Asia continues to operate normally. The Indian Embassy in Riyadh has advised nationals to remain vigilant and follow local guidelines.
DA news: The Telangana government has approved release of two dearness allowance and dearness relief installments for state employees and pensioners across cadres. Here's all we know about the development
Tk 60,000 crore annually needed for 5-8 years to rebuild banking sector: governor
Bangladesh Bank Governor Md Mostaqur Rahman on Saturday said the banking sector would need Tk 60,000 crore annually from the national budget for the next five to eight years to help it recover from massive
Neighbour claiming your property? Your sale deeds boundary details could be crucial
In a significant legal clash in Bangalore, Mr. Thimmadasappa defended his land rights against K.M. Venkatamuniyappa's unfounded claim that he owned the land through a rectification deed. The Court decisively ruled that ownership cannot be established without valid documentation, reinforcing the notion that meticulous property records are essential to prevent disputes.
Tax on Dividend income of shares: How can investors minimise money loss? Expert explains
Dividend income is taxable, and tax may be deducted at source above a specified threshold. Investors can consider growth-oriented investments, where returns are taxed as capital gains when sold, and should avoid borrowing to invest for tax benefits.
GAIL launches Season 2 of Wah Kya Energy Hai campaign with new anthem
GAIL (India) has launched the second season of its consumer awareness campaign called Wah Kya Energy Hai. The campaign includes four short films and a new anthem promoting cleaner energy options. These films feature the Mishra family navigating everyday situations while highlighting the benefits of compressed natural gas and other cleaner fuels. The newly released anthem showcases GAIL's energy infrastructure and initiatives in compressed biogas.
ET Alpha Wealth Summit 2.0: Radhika Gupta says financial products must solve real investor needs
Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, says financial products should address specific investor needs rather than follow market trends. At ET Alpha Wealth Summit 2.0, she discussed how SIFs can offer investment flexibility, while stressing the importance of understanding their risks, taxation and role in portfolios.
Sunil Bharti Mittal is prowling for big kill on his African safari
Airtel Moneys London listing has put a roughly $7 billion valuation on Sunil Bharti Mittals African fintech bet, highlighting how far the business has moved beyond basic mobile wallets. With more than 54 million customers and growing revenues, the next challenge is to deepen usage across payments, remittances, credit, savings and insurance, turning Airtel Africas telecom reach into a broader financial-services platform.
8th Pay Commission: IRTSA seeks fitment factor of 4.38, 5% annual increment for railway supervisors
The 8th Pay Commission has received a proposal from IRTSA for graded fitment factors ranging from 2.92 to 4.38 across pay levels. Railway technical supervisors also want a 5% annual increment and changes to minimum-pay calculations. Read on to know more.
Around seven stocks may soon get demoted to the midcap segment from current largecap status by the Association of Mutual Funds in India (AMFI) in its Semi-Annual rejig in H1 CY27, according to a prediction by Nuvama Institutional Equities.
UPI MDR: Will UPI Apps start charging platform fee on UPI payments? Know here
Consumers will not pay extra for UPI transactions when a new merchant discount rate takes effect on October 15. Merchants will pay a 0.4% fee on qualifying payments above 2,000, capped at 300, and cannot pass the charge on to customers.
About 13% of Policybazaar customers pay health insurance premiums in monthly or quarterly instalments, with an average annual premium of 17,500. Here's how the model works and what customers should know before opting for it.
Seven stocks, including Godrej Consumer Products, Tata Consumer Products and Indus Towers, could lose largecap status in AMFIs H1 CY27 categorisation rejig as the market-cap thresholds are expected to rise.
81% of Indian marketers prioritise reach, only 17% attention quality: Report
A recent report indicates that 81% of marketers in India prioritize reach in media planning. Despite this, only 17% consider attention quality as important for their decisions. Measurement of attention remains a significant challenge, with 92% of marketers highlighting the lack of standardization. The report emphasizes the need for attention metrics to complement reach in advertising strategies.
Centre Denies Requesting Land Acquisition from States for 3 High-speed Rail Corridors
Reddy said he discussed the proposed HyderabadChennai, HyderabadBengaluru and HyderabadPune High-Speed Rail corridors with Railways Minister Ashwini Vaishnaw
Quant Small Cap Fund exited ICICI Bank and five other stocks in September while trimming its holdings in six stocks, including Zydus Wellness. The fund also added six new stocks to its portfolio and increased its stake in 10 others, according to its monthly portfolio disclosure.
When do you need a tax residency certificate to claim lower tax rate under DTAA for Tax Year 2026
For Indians earning income from overseas, securing a tax residency certificate is essential to avail benefits under the Double Taxation Avoidance Agreement (DTAA). To acquire this certificate, taxpayers must complete Form 42 online via the income tax e-filing portal. This form necessitates accurate details and supporting documents to confirm residency status.
Unused funds on an Indian travellers forex card can be converted into rupees through the issuers refund or encashment process. The complete process explained.
JioBlackRock Mutual Fund sees a more attractive risk-reward equation in equities after the recent market correction but cautions that a sustained recovery remains uncertain. In debt, it favours target maturity funds for investors with defined horizons, while recommending cash and money market funds for those with near-term liquidity needs.
Asian countries, including India, must accelerate transition to renewable energy
Activists and officials in Bangkok urge rapid, equitable shift to renewables, call for accountability from developed nations ahead of COP31
Credit card overlimit facility: Eligibility, charges and 6 factors to consider before opting in
Understand the credit card overlimit facility, RBI consent rules, overlimit fees, interest costs and credit score impact. Check six important things to analyse before opting in, including transaction approval, repayment obligations and ways to avoid unnecessary credit card debt.
Net office leasing down 20% in Jan-Sep across top 8 cities on supply constraints: Cushman
Net leasing stood at 46 million sq ft in the year-ago period
Elon Musk criticized India's regulatory environment while seeking approval for his satellite internet service, Starlink. His comments drew reactions on X questioning his political spending in the US, particularly his support for Donald Trump. Users pointed to significant contributions Musk made during the 2024 election cycle, raising issues of hypocrisy. Indian officials emphasized that companies must meet regulatory and security requirements before entering the market.
For giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends notice; ITAT Bangalore rules TDR sale attracts capital gains tax
Tata Motors raises Iveco takeover offer price to 14.40 euro per share
Tata Motors Ltd has raised its takeover offer for Iveco Group NV by 0.30 euro per share. The revised price now stands at 14.40 euro per share, after initial delays in the authorization process. Shares will be tendered in a voluntary offer occurring from September to October 2026. The company has stated that this revised offer will not be increased further.
Can stock market losses offset mutual fund gains? What is tax-loss harvesting strategy, how it works
Investors can sell loss-making stocks to offset eligible capital gains from other assets. Here's whether you can lower your tax liability from mutual fund gains by using stock losses.
Home loan rates October 2026: Compare rates starting from 7% across 12 public sector banks
Home loan rates start at 7% at select public sector banks in October 2026. Compare rates across 12 public sector banks, including SBI, Bank of Baroda and PNB, and understand the factors that can affect your final borrowing cost before applying.
Systematic Investment Plans (SIPs) are meant to help investors ride out market volatility, but the prolonged weakness in equities has pushed returns into the red. Here is how investors should approach their mutual fund SIPs, as reported by ET Bureau.
Customers Urged to Complete Re-KYC for Uninterrupted Banking at Tripura Gramin Bank
Agartala, October 10, 2026: Tripura Gramin Bank (TGB) successfully organised a Re-KYC camp at its Kamalghat branch on Friday, October 9, to facilitate customers in updating their Know Your Customer (KYC) details and ensure uninterrupted access to banking services. The camp witnessed enthusiastic participation from customers and was attended by senior officials of the Reserve... The post Customers Urged to Complete Re-KYC for Uninterrupted Banking at Tripura Gramin Banks Camp first appeared on Northeast Today .
Ericsson India MD Nitin Bansal on AI-Native Networks, 6G and India's Manufacturing Push
Explained: How mutual fund SIPs harness the power of compounding to build wealth
Compounding can help mutual fund investors build long-term wealth by generating returns on accumulated gains. Through regular SIP investments, even small contributions can grow significantly over time. An example of a Rs 10,000 monthly SIP over 20 years shows how starting early, staying consistent and remaining invested can boost wealth creation.
How AI can cut factory costs and boost output | Tata Communications Praveen Arora
The biggest misconception about no-cost EMI is that the bank doesn't charge any interest. In a no-cost EMI, the seller readjusts the interest amount so that the sum of all the EMIs adds up to the price you would pay upfront. However, interest still exists, and interest attracts GST. So, among A, B, and C, who would end up saving the most? Find out here.
Marriage does not automatically merge credit scores, but your spouses credit history can affect a joint home loan application. Find out how lenders assess both applicants credit scores, repayment records and existing debts, and how couples can improve their loan eligibility.
FD rate up to 8.25% for senior citizens investing for five years; know the list of banks
Currently, multiple banks are offering attractive fixed deposit interest rates that go up to 8.25% specifically for senior citizens. Suryoday Small Finance Bank stands out, boasting the highest rate for five-year deposits. While many banks propose rates hovering between 5.75% and 7.77%.
NRIs can legally own and rent out property in India while they are living abroad. Here's who can help to manage the house, how to receive rent, pay tax and remit money abroad.
D-Street breaks 8-week losing run, outlook stays cautious though
After an eight-week slump, Indian equities experienced a robust rebound, highlighted by a notable rise in the BSE Sensex. This recovery was buoyed by declining crude oil prices, which eased from their recent peaks. While foreign portfolio investors remained in a selling mood, local institutional investors stepped in with strong buying activity.
As rising property prices make down payments harder to afford, some young Indian homebuyers may rely on financial help from parents. Here's whether the money is tax-free, can it invite scrutiny and documents required to avoid trouble.
RBI opens special dollar window for three state-run oil firms
The Reserve Bank of India has opened a special facility for three state-run oil marketing companies. This facility is designed to meet their full daily dollar requirements. The arrangement will continue until further notice based on the market conditions. Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation are the companies benefiting from this initiative. The RBI is providing US dollars through designated banks to ensure smooth operations.
Personal loan rates October 2026: Check EMI and processing fees across 22 lenders
Personal loan interest rates in October 2026 range from 8.90% to 30.50% across 22 lenders. Compare personal loan EMIs, interest rates and processing fees for a 5 lakh, five-year loan before choosing a lender and assessing your repayment capacity.
8th Pay Commission: Rs 18,000 to Rs 69,000 minimum pay? What pensioners body hasproposed
The 8th Pay Commission recently held meetings in Bengaluru with several pensioners' organizations for discussions. Recommendations included raising the minimum basic pay to Rs 69,000 and pension to Rs 34,470. Suggestions also proposed merging existing pay scales and updating the Aykroyd formula to meet modern needs. Moreover, the annual increment rate was recommended to increase from 3% to 6% for better employee motivation.
On October 10, 2026, banking services will be suspended due to the second Saturday of the month coinciding with Mahalaya Amavasye celebrated in Karnataka and West Bengal. Following the Reserve Bank of Indias directives, banks close on the second and fourth Saturdays. With various festivals and holidays marked in October, it's essential for customers to plan their banking transactions wisely ahead of this date.
The 8th Pay Commission may revise central government salaries based on an approved fitment factor. Compare illustrative basic pay calculations at 3.25 and 3.833, understand union proposals and check when the final salary revision recommendations are expected. Read on to know more.
India's government has introduced the Samudra Manthan policy to enhance energy security through increased oil exploration. BP's CEO Meg O'Neill highlighted India's attractive conditions for foreign investment and exploration. This policy involves significant funding to support the development of discovered resources. BP is actively exploring current opportunities, aiming for growth and development in its portfolio. The company intends to remain independent while adapting to evolving global energy landscapes.
UIDAI allows Aadhaar holders to report a family members death through an online facility. The process requires specific documents and identity verification. Heres how to submit a request, what details you need, and what family members should know.
Airtel ARPU will cross Rs 300 very soon, need to upgrade customers, says CEO Shashwat Sharma
Bharti Airtel plans to raise its average revenue per user through an increase in postpaid subscriptions. The company aims to grow postpaid customers from 8% to around 20% over the long term. Recent tariff hikes and the introduction of new service packages are strategies to encourage upgrades. Airtel also expresses confidence in its future data centre expansion efforts.
'There's talk of one party, but three have got Satcom licences': Jyotiraditya Scindia
Communications Minister Jyotiraditya Scindia highlighted India's technology-agnostic policy towards satellite communications during a recent event. He noted that several companies, including Reliance Jio, OneWeb, and Starlink, received the necessary licenses. While SpaceX's Elon Musk called for quicker licensing for Starlink, the government emphasized its fair authorization framework. The final decision regarding spectrum pricing is forthcoming, which will impact when operators can launch services.
National Formulary of India lists drugs not approved by CDSCO, DCGI seeks explanation from IPC
The National Formulary of India released its latest edition amidst concerns regarding unapproved drugs included in it. The Drug Controller General of India has communicated with the Indian Pharmacopoeia Commission regarding this discrepancy. Several drugs listed in NFI 2026 have not received approval from the Central Drugs Standard Control Organisation. Stakeholders have also raised complaints about the unavailability of the online version of NFI 2026.
Trai has released a draft audit manual for digital rights management-based systems seeking industry feedback. The manual outlines procedures for audits of IPTV-based distribution systems, including subscriber management and encryption. Monthly reconciliation of data between subscriber management and DRM systems is required, with specific thresholds for discrepancies listed. Stakeholders have until October 30 to provide their comments on the draft.
Health ministry proposes curbs on prescription drug ads by retailers, wholesalers and distributors
The union health ministry has proposed extending advertising restrictions on prescription drugs to retailers and distributors. This change will bar them from advertising certain medicines without prior government approval. The amendment affects drugs covered under Schedules H, H1, and X, which require medical oversight. The existing regulations already apply to pharmaceutical manufacturers. The recommendation for this amendment comes from the Drugs Technical Advisory Board.
With aluminum prices soaring, Coca-Cola's bottlers and retailers in India have escalated the price of Diet Coke dramatically. The cost of a 330 ml can shot up to 70 from its previous price of 50. This adjustment stems from the rising demand for the sugar-free option, which has doubled within a year, leading to varying prices among retailers, despite the MRP still reading 50.
Railways plans to step up cleanliness checks on 11 long-distance trains
Railway authorities are implementing a plan to enhance monitoring of cleanliness on long-distance trains. Eleven specific trains have been identified for staff to take time-stamped photos at various points. On-board housekeeping staff will also receive training to handle small repairs during journeys. Zonal railway officers will conduct weekly reviews of passenger complaints and their resolution. The focus will be on ensuring adequate manpower and maintenance for improved cleanliness.
Coal ministry says fuel supply to power plants up in October
Coal supplies to Indian power plants increased by 9% in October compared to September levels. The daily depletion of coal stocks at power plants has significantly declined during the same period. Supplies to the power sector rose around 36% from earlier September lows, indicating an upward trend. Meanwhile, the coal ministry is monitoring the situation closely to manage critical stock levels at various plants.
Elon Musk has made a public appeal for Starlink to be approved for operation in India. He argues that lack of internet access denies children educational opportunities and hinders small businesses. The Indian government has stated that all satellite licensees are at a similar regulatory stage. Starlink has faced delays in securing a license since 2022 due to various concerns.
Expecting to receive a festive bonus this Diwali 2026? With mixed returns across mutual funds and gold, and bank FDs offering predictable interest, where should you put your extra money? Experts explain what to consider based on your financial goals and risk appetite.
Apply same rules on satcom players intending to use spectrum being used by mobile players: Airtel
Bharti Airtel's Rahul Vatts stated that satcom players using mobile spectrum should follow telecom regulations. Currently, telecom operators acquire spectrum through auctions, while satcom players do not. The Telecommunications Act, 2023 allows administrative allocation of spectrum for satcom. Vatts emphasized compliance with existing legal precedents regarding spectrum allocation methods. This assertion aligns with the Supreme Court's directive on ensuring spectrum auctions for commercial use.
The Finance Ministry has announced the General Provident Fund (GPF) interest rate for the October-December 2026 quarter. What does the latest notification mean for eligible government employees, and what should subscribers know about their retirement savings?
Revised rates to take effect from October 11; 2435 months and 15 months digital fixed deposits to earn 7.5%.
LIC outpaced private insurers in individual life insurance premium growth in September 2026, but private players grew faster in total new business premiums. HDFC Life and ICICI Prudential Life stood out. What do these trends mean for policy buyers?
The CBDT has revised Income Tax Form 161 through a notification dated 8 October. The amendment updates the rules governing applications for penalty waiver. What does the revised form mean for taxpayers, and what conditions should they meet?
TRAI invites comments on draft DRM audit manual for IPTV services
TRAI has released a draft audit manual for DRM-based IPTV systems and is seeking stakeholder comments by October 30. The draft outlines procedures for auditing digital addressable systems, addressing gaps from an earlier manual. It specifies data reconciliation requirements between subscriber management and DRM systems to maintain accuracy. Monthly audits will be required for all IPTV operators as part of compliance measures.
The Future of 6G, Agentic AI, and On-Device Processing
As public confusion mounted over potential fees on general consumer shopping and peer-to-peer transfers, the government issued key clarifications regarding the framework of the UPI Merchant Discount Rate.
RBI raises average CRR maintenance requirement for banks
The Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mid-October, specifically the fortnight starting October 16, 2026. Banks will be required to maintain this increased percentage without the previous operational flexibility. The move aims to reduce the current surplus liquidity within the banking system.
The 57th GST Council has recommended changes to simplify GST registration cancellation, including automatic processing of applications and system-based cancellation for certain defaults. What do business owners need to know about the application process and other key deadlines?
On October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individuals to apply for a waiver of penalty related to misreported income. Taxpayers must meet specific statutory conditions when applying for this relief through the amended form. The application process requires timely tax payments and cannot involve pending appeals.
Starting October 11, 2026, Shriram Finance Limited is set to increase interest rates on fixed deposits, enhancing returns for all depositors regardless of tenure. Senior citizens and women will benefit from even higher rates, and those renewing matured deposits can expect additional interest perks. Investors should carefully review the terms and conditions prior to making investments in fixed deposits.
The small-cap mutual fund category has outperformed the mid-cap category in 2026 so far, but does the trend hold over longer periods? While category averages reveal a changing picture across three- and five-year horizons, individual schemes show a wide divergence in performance.
Beyond cricket! Investors game for sports next big bet
Investors in India's sports industry are diversifying their focus beyond cricket to include women's sports and emerging leagues. Companies like Capri Sports and JKC Sports are betting on developing sustainable sporting properties outside cricket. Streaming is also changing the landscape by allowing sports to engage audiences without traditional television dependence. As interest in women's sports grows, corporate investment is expected to rise in various disciplines.
The high court has said Section 125 CrPC aims to prevent destitution. It upholds the Family Courts finding that the wife left the matrimonial home without sufficient reason.
Of the 13 trains cancelled by North Western Railway, most are from Haryana
Thirteen Delhi-bound trains have been cancelled by North Western Railway for October 10 due to potential protests. These cancellations primarily affect trains originating from Haryana. The Cockroach Janata Party is leading the protests at Jantar Mantar, urging the resignation of Chief Election Commissioner Gyanesh Kumar. Allegations have been made that the government is restricting transport to curb participation in the demonstrations.
Shopping this Navratri? BOBCARD offers discounts on Swiggy, AJIO, jewellery and groceries
Tesla expands NCR footprint with new Noida experience centre after Delhi and Gurugram
Tesla has launched its third Experience Center in the National Capital Region, located in Noida's Sector 98. This facility allows local residents to view Tesla models, test drive vehicles, and place orders. The center will showcase the Model Y Premium Rear-Wheel Drive and the Model Y L with significant storage capacity. Financing options for both models include down payments and monthly EMIs based on a seven-year tenor.
Axis Mutual Fund has entered the specialised investment fund category with Accelerate SIF, focusing on risk-adjusted returns and disciplined portfolio management. Nandik Mallik will lead the initiative, with equity and hybrid product launches planned soon.
8th Pay Commission: When can government employees expect salary hikes? Check report timeline
The 8th Pay Commission report is expected by May 2027 under its 18-month mandate. Know the expected salary hike timeline, government approval process, fitment factor demands and whether central government employees may receive arrears from January 2026.
De Beers to open 100 Forevermark stores in India by 2030
Currently, the company has 10 Forevermark brand stores in India, six of which are company-owned and the remaining four are on a franchise model
Premiumisation core growth engine for alcobev: ISWAI report
Premiumisation is driving growth in Indias alcoholic beverages market, with the premium segment expanding at a 10.2% CAGR between 2022 and 2025 versus 1.4% for regular products, according to ISWAI. The industrys economic value reached Rs 6.2 lakh crore in 2025, while the body called for more consistent regulation, rationalised taxation and modernised distribution to unlock further growth.
Ageas Federal launches multi-currency life insurance plan at GIFT City
Ageas Federal Life Insurance has launched its first GIFT City product, a multi-currency ULIP that lets customers invest in US dollars, euros or pounds while receiving life cover. The Aurum Advantage Plan is open to customers of any nationality, including NRIs, OCIs and PIOs, with a minimum investment of $3,000, 3,000 or 3,000.
A 5 lakh emergency fund needs a balance of quick withdrawals, capital safety and returns. Compare savings accounts, bank fixed deposits and liquid mutual funds, understand their risks and withdrawal timelines, and explore how to allocate emergency savings based on income stability.
Indian Railways is planning a major expansion of high-speed rail connectivity, with seven proposed corridors expected to slash journey times between some of the country's biggest cities. The proposed routes include Delhi-Varanasi, Mumbai-Pune and Chennai-Bengaluru, with travel times projected to fall to less than four hours, 48 minutes and around 73 minutes, respectively. Announced in the Union Budget 2026-27, the corridors are intended to improve passenger mobility, connect economic centres and support regional development.
Senior citizens often invest in Senior Citizens Savings Scheme and SBI fixed deposits for income. SCSS offers an 8.2% interest per annum with quarterly payouts, beneficial for regular cash flow. In contrast, SBI's senior citizen fixed deposit provides a lower rate of 7.05% with less frequent interest payouts. An investment of Rs 7 lakh in SCSS yields higher returns compared to the SBI fixed deposit.
Coal supplies to power plants grow 36 pc from September low
Daily coal supplies to the power sector have increased by around 36 percent from the September low. Stock depletion has slowed sharply, falling from 0.243 MT per day in September to 0.116 MT in October. Rail loading has strengthened, with averages exceeding 465 rakes daily in October. The Coal Ministry clarified that critical stock levels are early-warning signs, not immediate risks of shortages.
The rise of artificial intelligence is transforming how we analyze data and derive investment insights, yet human judgment plays an irreplaceable role in decision-making processes. Experts caution that merely processing data doesnt assure favorable investment results. Investors should evaluate which insights resonate with their financial goals and risk levels. Financial advisors must embrace technology while safeguarding skills in communication and accountability, particularly during market fluctuations.
Prozeal Green Energy to handover 100 MW RE project to European IPP in Rs 460-cr deal
Prozeal Green Energy has completed a framework agreement for a solar project in Gujarat. Valued at around Rs 460 crore, this 100-megawatt project awaits essential approvals before activation. Anticipated to launch by 2027, it is set to tackle the growing energy needs as Prozeal Green Energy emphasises its dedication to renewable energy innovations in the commercial industry.
First credit card at 18: How to build a good credit score and avoid debt traps
Getting your first credit card at 18 can help build a credit history, but careless spending can lead to debt. Experts explain repayment habits, credit utilisation, secured cards and ways to protect your credit score.
Nokia India Head Vibha Mehra on 6G, AI and India's Telecom Future
Swastika Infra gets over Rs 600 crore order from Maharashtra power distribution company
Swastika Infra Ltd has received a significant order worth over Rs 600 crore from MSEDCL. This order focuses on developing distribution infrastructure and strengthening existing systems in Maharashtra. The scope of work includes constructing substations, HT/LT lines, and distribution transformers. Completion of the project is scheduled for 24 months from the date of the award. This initiative reflects the company's commitment to improving electrical distribution networks in the region.
A teacher was approved for working till 62 years age however, she was denied gratuity payment on the ground that the retirement age was 60 so she should have exercised the gratuity option at 60 and not 62 years age.
CEA Nageswaran pitches for MSME-specific approach to NPA classification norms
V Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He highlighted that existing norms do not consider diverse cash flow cycles and working capital requirements. The Chief Economic Advisor pointed out that a uniform global framework is unsuitable for Indias business practices. Additionally, he suggested reducing compliance costs for MSMEs to improve their operational efficiency.
