The Atal Pension Yojana (APY) has crossed a cumulative enrolment of over 90 million, marking a key milestone for the government’s flagship social security programme, according to an official release. The scheme, administered by the Pension Fund Regulatory and Development Authority (PFRDA), also recorded its highest-ever yearly addition in 2025–26, with more than 13.5 million…
Edelweiss Mutual Fund has announced the launch of its second strategy under the Altiva platform, introducing an equity-focused specialised investment fund (SIF) aimed at companies beyond the top 100 by market capitalisation. The new fund offer, Altiva Equity Ex-Top 100 Long-Short Fund, will open for subscription from May 18 to June 1. The launch marks…
WhiteOak Capital Asset Management has announced a revision to the exit load structure across its mutual fund schemes, removing exit charges on fresh investments in equity and hybrid funds starting April 27. Under the revised framework, investors making new purchases in these categories will be able to redeem their units without incurring exit penalties. The…
Gold and silver prices edged lower in early trade on April 23, as easing geopolitical tensions following an extension of the US–Iran ceasefire tempered safe-haven demand, even as broader macro uncertainty kept downside limited. On the COMEX, gold futures were last seen at $4,750 per ounce, down $2.80 or 0.06%. Silver futures fell $0.301 or…
The Reserve Bank of India has issued a revised Master Direction on Prepaid Payment Instruments (PPIs), replacing the 2021 framework and introducing tighter operational, compliance and customer protection norms for wallet and card issuers. The updated rules apply to all PPI issuers and system participants, with a sharper focus on governance, transparency and interoperability. Non-bank…
India’s new labour code, which mandates that wages account for at least 50% of total compensation (CTC), is unlikely to result in a direct increase in basic pay, but could still reduce employees’ take-home salaries. Under the revised framework, companies are expected to restructure salary components rather than mechanically raise basic pay to 50% of…
The Indian government is reportedly considering measures to curb excessive billing by private hospitals, including a possible cap on trade margins for medical devices, as concerns grow over steep treatment costs and their impact on patients and insurers. CNBC Awaaz reported citing sources that the health ministry is examining a proposal to limit the margin…
Reserve Bank of India has rolled out a consolidated Digital Payments e-mandate framework, effective immediately, replacing all earlier circulars and bringing uniform rules for recurring transactions across payment systems. The framework covers cards, Unified Payments Interface (UPI) and prepaid payment instruments (PPIs), and extends to both domestic and cross-border transactions. It requires a one-time e-mandate…
Circle rate revisions are once again in focus for homebuyers and investors, as recent discussions highlight how these government-notified property values influence transaction costs more than actual market pricing. Experts say while circle rates play an important regulatory role, their impact on property prices remains indirect and largely long-term. Limited short-term impact on property prices…
India’s cryptocurrency market showed signs of maturity in the first quarter of 2026, with investors adopting structured strategies and participation widening beyond younger cohorts, according to a report by CoinSwitch. The report, based on activity across over 2.5 crore users, indicated that while global markets faced volatility due to geopolitical tensions, rising oil prices and…
