India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
India's National Pension System (NPS) has gained recognition as one of the most effective retirement savings options in the country. Finance Minister Nirmala Sitharaman, speaking at the NPS Diwas event in New Delhi, highlighted the system's high returns and flexibility, making it a preferred choice not just for government workers but for all Indians.
New Delhi, Oct 1 (SocialNews.XYZ) Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the packages, effective from October 1. "With a view to ensure that the benefits of the reservation syst ...Read More >
New Delhi, Jul 4 (PTI) In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement. "The government has decided that tax benefits as available under NPS would apply mutatis mutandis to UPS as it is an ...Read More >
Pension fund regulator PFRDA has launched the second proof of concept (POC) of 'NPS Swasthya', an initiative aimed at integrating retirement planning with healthcare funding, PTI reported.The Pension Fund Regulatory and Development Authority (PFRDA) said the National Pension System (NPS) Swasthya is a multi-partner framework designed to provide financial and health security.Under the initiative, Medi Assist Healthcare Services will act as the core technology partner, CAMS KRA will handle onboardi ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) Union Home Minister Amit Shah on Thursday hailed the socio-economic gains from the Pradhan Mantri Jan Dhan Yojana (PMJDY), crediting Prime Minister Narendra Modi for conceiving the world's largest banking initiative in history. "Exactly 11 years ago today, for the financial inclusion of the poor, women, farmers, and deprived sections, Modi ji launched the world's largest banking initiative in history, the 'Pradhan Mantri Jan Dhan Yojana'," said HM Shah on the anniversary of the scheme. He said, in a post on X, "Through #11YearsOfJanDhan, a historic effort w ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Non-government NPS subscribers can now withdraw 80 per cent of their retirement corpus as a lump sum at the time of exit, according to the Pension Fund Regulatory and Development Authority's (PFRDA) amended regulations announced on Tuesday. PFRDA's amendments to the National Pension System (NPS) make the exit rules under the non-government sector much more flexible under the Common Schemes (CS) and Multiple Scheme Framework (MSF). Earlier, subscribers could withdraw only up to 60 per cent of their corpus as a lump sum at exit, with at least 40 per cent mand ...Read More >
Guwahati: The Bharatiya Janata Party (BJP) on Tuesday released its manifesto for the 2026 Assam Assembly elections, promising a Uniform Civil Code and increasing the monthly direct bank transfer under the Orunodoi scheme to Rs 3,000 for women. Listing 31 promises, Chief Minister Himanta Biswa Sarma said that the BJP aims to make Assam the "brightest state". Following the footsteps of Uttarakhand and Gujarat, and tapping into the BJP's core agenda, the Chief Minister promised a Uniform Civil Code and action against the alleged "love jihad". The UCC, he said, will exclude areas under the Sixth ...Read More >
New Delhi: The government has approved the extension of two investment options, Life Cycle and Balanced Life Cycle, to central government employees under the National Pension System (NPS) and the Unified Pension Scheme (UPS), the finance ministry said on Friday. This is in line with the continued demand from Central Government employees for a broader range of investment options similar to those available to non-government subscribers. These options are designed to enhance flexibility in retirement planning and allow employees to manage their retirement corpus according to individual preferenc ...Read More >
New Delhi, July 4 (SocialNews.XYZ) The Finance Ministry announced on Friday that the tax benefits available under the National Pension Scheme (NPS) will apply mutatis mutandis to the Unified Pension Scheme (UPS), as it is an option under the former. The measure aims to provide further impetus to the UPS. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS, according to the Finance Ministry statement. The term mutatis mutandis means with all the necessary changes being made. The legal term clarifies t ...Read More >
New Delhi, Sep 16 (PTI) Central government employees are entitled to "assured payout on pro rata basis" on opting for voluntary retirement after completion of service of 20 years or more under the recently-notified rules, the personnel ministry said on Tuesday. The Department of Pension and Pensioners' Welfare has notified in the official gazette on September 2, the Central Civil Services (Implementation of the Unified Pension Scheme under the National Pension System) Rules, 2025 for regulating the service matters relating to benefits under the Unified Pension Scheme in respect of central gov ...Read More >
New Delhi: Choosing Between different government pension scheme can be confusing while UPS can Provide steady inflation proof income, NPS can provide much better return on your pension depending on how bonds and market performs. Government employees often wonder whether to choose the National Pension System (NPS) or the Universal Pension Scheme (UPS) for their retirement. NPS is a system where both the employee and the government contribute regularly to a retirement fund, which is then invested in the stock market and bonds. This means that the returns from NPS depend on how the market perfor ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) The Finance Ministry has introduced a one-time, one-way switch option for Central Government employees under the Unified Pension Scheme (UPS) to shift to the National Pension System (NPS). According to an official notification, this facility is available to UPS subscribers up to one year before their superannuation or three months before voluntary retirement. Employees facing dismissal, removal, or disciplinary action will not be eligible. The Department of Expenditure (DoE) in the Ministry of Finance is likely to put out operational framework for implemen ...Read More >
New Delhi [India], October 1 (ANI): The Pension Fund Regulatory and Development Authority (PFRDA) has released a detailed Consultation Paper titled "Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes", inviting stakeholders across sectors to provide feedback on proposed reforms aimed at strengthening the National Pension System (NPS). Dated September 30, 2025, the paper outlines three innovative pension scheme options under the NPS framework designed to offer subscribers greater flexibility, assurance, and predictability in their post-retire ...Read More >
The Asia Pacific Stevie Awards are considered among the region's premier business awards Financial services platform KFin Technologies Ltd has been awarded a Bronze Stevie Award at the 2025 Asia Pacific Stevie Awards in the innovation in brand renovation category, the company said in a statement on June 2. The company's submission, "KFintech's Rebranding Journey - Transforming from Fintech to Techfin," was recognized in the Awards for innovation in marketing track. "Receiving this Bronze Stevi ...Read More >
New Delhi: A total of 1.3 lakh minors have been enrolled under the NPS Vatsalya Scheme, the Union government informed the Parliament. In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said that 130 thousand minor subscribers are registered under the NPS Vatsalya Scheme from September last year till August 3. The NPS Vatsalya Yojana, also known as the National Pension System Vatsalya, is a retirement savings scheme designed for minor children in India. Also Read: New I-T Bill: No ITR filing exemptions for small taxpayers, late filers can claim refunds "NPS- ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
New Delhi: Amidst subdued response from Unified Pension Scheme (UPS), question was raised in the Lok Sabha earlier this week whether the government proposes to restore the Old Pension Scheme (OPS). Lok Sabha CPM MP from Bihar's Arrah and Utkarsh Verma Madhur, Samajwadi Party LS MP from Kheri raised the question in the lower house on August 11, seeking response from the Finance Ministry regarding the details thereof and along with the reasons for introducing UPS. The UPS pension scheme introduced by the Government is effective from 1 April 2025, as an option under the National Pension System ...Read More >
New Delhi: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said. The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification. The Public Investment Fund (PIF) and its wholly-owned subsidiaries will be named directly in the section for exemption. The second m ...Read More >
New Delhi, Aug 25 (PTI) The Finance Ministry on Monday introduced a one-time one-way switch facility from the newly introduced Unified Pension Scheme (UPS) to the National Pension System (NPS). From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees. Around 31,555 central government employees have opted for the Unified Pension Scheme (UPS) till July 20, and the last date to enrol under the scheme is September 30. In an office memorandum, the Finance Ministry ...Read More >
Mumbai, Oct 28 (SocialNews.XYZ) The Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said that it has organised a seminar on its consultation paper titled "Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes". The purpose of the event was to gather expert insights and stakeholder feedback on three proposed pension schemes under the National Pension System (NPS), designed to make retirement benefits more flexible, predictable, and assured. The seminar, which was organised at the Insurance Institute of India, here, brought ...Read More >
The Bharatiya Janata Party (BJP) on Tuesday unveiled its manifesto for the 2026 Assam Assembly elections in Guwahati, promising the implementation of a Uniform Civil Code (UCC) and a significant increase in financial aid for women under the Orunodoi scheme, raising it to Rs 3,000 per month. 31 Promises To Shape Assam's Future Chief Minister Himanta Biswa Sarma said the party has outlined 31 commitments aimed at transforming Assam into a leading state. He stressed that the vision is to make Assam self-reliant and a key contributor to nation-building. The BJP reiterated its core agenda by pro ...Read More >
Bengaluru, Apr 8 (PTI) Pension fund regulator PFRDA has launched the second "Proof of Concept (POC) of NPS Swasthya", an initiative intended to provide healthcare funding along with retirement planning. According to a statement, PFRDA said the National Pension System (NPS) Swasthya is a multi-partner initiative structured to provide comprehensive financial and health security. The Pension Fund Regulatory and Development Authority (PFRDA) serves as the regulatory authority. The Medi Assist Healthcare Services acts as the core technology partner, providing digital infrastructure whereas CAMS K ...Read More >
New Delhi: Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect October 1. RBI Cheque Clearing: The Reserve Bank of India (RBI) will transition from batch clearing to a continuous clearing method for cheque processing. The new system will be rolled out in two phases, with the first starting October 4, 2025, and the second from January 3, 2026. Railway ticketing rules: New guidelines for purchasing general tickets online via the Indian Railway Catering and Tourism Corpo ...Read More >
NEW DELHI: Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the packages, effective from October 1. "With a view to ensure that the benefits of the reservation system reach the common end ...Read More >
Shimla (Himachal Pradesh) [India], April 2 (ANI): The Himachal Pradesh Assembly speaker, Kuldeep Singh Pathania, highlighting Himachal Pradesh's proactive stance on strengthening the anti-defection framework in line with Supreme Court observations and the Tenth Schedule of the Constitution, said the state has emerged as a frontrunner in introducing progressive legislative measures to curb political defections. Addressing the media at the conclusion of the budget session, Pathania said the recently passed amendment bill denying pension benefits to disqualified MLAs was part of a broader effort ...Read More >
Panaji: The Pension Fund Regulatory and Development Authority (PFRDA) launched the National Pension System (NPS) for Goa's driver community in collaboration with GoaMiles and HDFC Pension Fund. This initiative aims to extend pension coverage to nearly 5,000 drivers associated with the GoaMiles platform, marking a first-of-its-kind model in India.The initiative offers drivers structured retirement planning, with GoaMiles contributing to each driver's NPS account. During the event, 50 permanent retirement account numbers (PRANs) were distributed to drivers, symbolising the scheme's rollout.Trans ...Read More >
New Delhi: The Pension Fund Regulatory and Development Authority of India has come out with a discussion paper proposing a dual valuation approach for the securities held in scheme portfolios of National Pension System (NPS) and Atal Pension Yojana (APY). The framework aims to present pension wealth accumulation more clearly to subscribers while ensuring long-term financial stability and economic relevance, the regulator said in the discussion paper titled 'Alignment of Valuation Guidelines with ...Read More >
Hyderabad: The All India Retired Railwaymen's Federation (AIRRF) staged protest at Rail Nilayam in Secunderabad here on Wednesday demanding the government to fulfill their demands. The pensioners belonging to Central government, especially the railway staff urged the government to engage in constructive dialogue and to address their long-pending grievances with urgency and fairness for the dignity and security of the retired workforce. The protestors put forwarded some of their demands as to repeal the validation Bill passed in the Parliament, to include pension revision within the terms of ...Read More >
Guwahati (Assam) [India], March 31 (ANI): The Bharatiya Janata Party (BJP) on Tuesday released its manifesto for the 2026 Assam Assembly elections, promising a Uniform Civil Code and increasing the monthly direct bank transfer under the Orunodoi scheme to Rs 3,000 for women. Listing 31 promises, Chief Minister Himanta Biswa Sarma said that the BJP aims to make Assam the "brightest state". Also Read | Bihar BJP President Sanjay Saraogi Slams Opposition Over Illegal Bangladeshi Settlers, Calls Infiltration a National Security Issue. Following the footsteps of Uttarakhand and Gujarat, and tapp ...Read More >
New Delhi, Dec 17 (PTI) Pension regulator PFRDA has revamped the exit and withdrawal rules, allowing non-government subscribers of National Pension System (NPS) to withdraw up to 80 per cent of the fund accumulated at the time of exit. The withdrawal limit earlier was up to 60 per cent of the accumulated pension wealth, and the remaining was expected to be utilised for buying an annuity, providing for a monthly or any other periodical pension. Besides, the regulator has also raised the exit age to 85 years from 70 years earlier. According to the Pension Fund Regulatory and Development Autho ...Read More >
New Delhi, March 31 (SocialNews.XYZ) As India approaches the new fiscal year FY27, the country's direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force -- replacing the six-decade-old 1961 legislation and introducing changes in compliance, terminology and taxation. Major reform under the new framework is the replacement of the 'Financial Year' (FY) and 'Assessment Year' (AY) with a single 'tax year', which could simplify the filing process and improve clarity for taxpayers. Moreover, the timelines for filing income tax returns h ...Read More >