Gold and silver prices witnessed a sharp rally on Friday (July 3), supported by strong global cues, fresh buying by traders, and growing expectations that interest rate hikes in the US may slow down in the coming months. On the Multi Commodity Exchange (MCX), gold futures for August delivery jumped by ₹1,952, or 1.34%, to…
Axis Mutual Fund has launched the Axis Nifty50 Equal Weight Index Fund, an index fund that allocates the same weight to each of the 50 stocks in the Nifty 50 index instead of weighting them by market capitalisation. The new fund offer (NFO) opened on July 3 and will close on July 17. The minimum…
GIFT City-based Artha Bharat Investment Managers IFSC LLP has launched the Artha Bharat FinMet Physical Gold Fund, marking the introduction of a physical commodity investment fund from GIFT City after recent regulatory changes by the International Financial Services Centres Authority (IFSCA). The launch follows an IFSCA notification that brought commodity trading under the definition of…
The Eighth Central Pay Commission (8CPC) has extended the deadline for submission of requisite data through its Data Collection Portal till July 31, according to an official communication issued by the Commission. The extension was granted after several Ministries, Departments and Union Territories informed the Commission that they were unable to complete the data submission…
Indian outbound travel is undergoing a shift as travellers explore emerging destinations, take longer international trips and opt for broader travel insurance coverage amid rising global disruptions and growing digital adoption. New data released by TATA AIG General Insurance Company, Asego and Policybazaar points to changing travel behaviour across age groups, with travellers placing greater…
The Government of India’s Eighth Central Pay Commission (8th CPC) will visit Bhubaneswar, Odisha, on July 6 and 7, as part of its nationwide consultations with stakeholders on salary, pension and service-related reforms for central government employees and pensioners. In an official notice issued by the Ministry of Finance, the Commission invited central government organisations,…
The Pension Fund Regulatory and Development Authority (PFRDA) is preparing to launch a new retirement-linked healthcare product that combines pension savings with health insurance coverage, a move aimed at helping Indians manage rising medical expenses after retirement. PFRDA chairman S Ramann said the proposed scheme, called NPS Swasthya, is expected to be rolled out within…
The Centre’s newly notified EPF Scheme 2026 could reshape how provident fund contributions work for higher-salaried employees. Under the new framework, mandatory EPF contributions will effectively remain capped at ₹1,800 per month each from employer and employee, calculated as 12% of the current statutory wage ceiling of ₹15,000. Any contribution beyond that amount will now…
In a landmark ruling that could directly impact how compensation is calculated in motor accident cases, the Supreme Court has laid down fresh guidelines on the use of Income Tax Returns (ITRs) to determine the income of accident victims. The verdict, delivered by a bench of Justices Sanjay Karol and N Kotiswar Singh, aims to…
Maharashtra has introduced a bill to amend the Maharashtra Protection of Interest of Depositors (MPID) Act, bringing cryptocurrency-related frauds under the law’s ambit and enabling authorities to attach and recover crypto assets linked to financial crimes, according to an IANS report. The proposed amendment seeks to classify virtual digital assets (VDAs), including cryptocurrencies, as recoverable…
