India’s space sector has secured a record $150 million in funding this financial year, with projections to surpass $200 million. This was driven by policy reforms and commercial prospects, highlights growing investor confidence.
US inflation cooled more than expected in November. Most Americans still feel no relief from high prices for essentials, with energy costs rising.
A major staffing shortage is plaguing the Central Board of Indirect Taxes and Customs audit teams. While audit completion rates have improved, a gap persists. The Comptroller and Auditor General recommends increasing manpower to ensure effective taxpayer compliance under the GST Act.
GST audit gaps: CAG flags manpower crunch in CBIC audit wings; calls for staffing boost Read More »
India and Oman have signed a Comprehensive Economic Partnership Agreement (CEPA), set to boost bilateral trade and strengthen economic ties. This pact will grant Indian exporters duty-free access to 98% of their goods in Oman, while India will remove tariffs on 77% of Omani imports, excluding sensitive sectors.
India signs F TA with Oman, 98% exports to be duty-free Read More »
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.
