Silver prices surged to an all-time high of Rs 2.05 lakh per kg in Delhi, driven by robust domestic and international demand. The white metal has seen a significant jump of 127.40% this year. Gold also edged higher, nearing record levels amid geopolitical tensions and expectations of US Federal Reserve rate cuts.
India’s pension regulator has significantly relaxed exit and withdrawal norms for National Pension System (NPS) non-government subscribers, allowing them to withdraw up to 80% of their pension wealth. The investment horizon has also been extended to age 85 for all categories, offering greater flexibility in retirement planning.
The government has simplified the visa process for Indian companies to bring in foreign technical experts for production-related activities. A new online module allows digital generation of sponsorship letters for the e-Production Investment Business Visa (e-B-4 Visa), significantly reducing processing time and easing business operations for both PLI and non-PLI firms.
The US administration for children and families has urged 39 states to stop using Social Security benefits meant for foster children to offset care costs. These earned benefits belong to the youth, not government agencies. Federal authorities are working to reform practices where benefit collection continues, aiming to preserve these funds for children’s futures.
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India’s aviation fuel sales dipped over 4% in early December, primarily due to IndiGo’s extensive flight cancellations caused by new pilot rules and staff shortages. While jet fuel demand faltered, diesel, petrol, and LPG consumption saw significant year-on-year growth, indicating a mixed trend in the country’s fuel market.
NPS retirement withdrawal rules have been significantly revised, allowing non-government subscribers to withdraw up to 80% of their corpus as a lump sum. The mandatory annuity purchase requirement has been reduced to a minimum of 20%, offering greater flexibility in managing post-retirement income.
Kraft Heinz has named Steve Cahillane as its new CEO starting January 1, 2026. He will lead the Global Taste Elevation Co. after the company splits into two entities next year. This division aims to improve efficiency. Cahillane brings extensive experience in brand building and managing similar corporate structures. The current CEO will move to
