[ad_1] The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday permitted banks to independently set up pension funds to manage the government’s flagship National Pension System (NPS), a move aimed at enhancing competition and safeguarding subscriber interests, PTI reported.The PFRDA board “has approved, in principle, a framework to permit Scheduled Commercial Banks (SCBs) to…
[ad_1] The Reserve Bank of India has flagged emerging structural pressures in the insurance sector, warning that premium growth is increasingly being driven by high-cost, distribution-led strategies rather than improvements in operating efficiency, even as the sector remains stable in the near term, according to its latest Financial Stability Report.“While posing no near-term systemic risks,…
[ad_1] The National Financial Reporting Authority (NFRA) on Thursday said it has rolled out its second Audit Practice Toolkit to support small and medium audit practitioners across the country, as part of its broader effort to improve the quality of auditing practices, PTI reported.The toolkit, titled ‘Risk & Response Memorandum: ROMM (Risk of Material Misstatement)…
[ad_1] Global investment opportunities are set to widen meaningfully in 2026 as easing monetary policy, a weakening US dollar and profit growth outside the United States reshape capital flows, according to Franklin Templeton report.The asset manager report titled ‘Global Investment Outlook 2026 and Beyond’ said that lobal markets are entering a phase where returns are…
[ad_1] The Reserve Bank of India on Thursday said that 98.41% of the Rs 2,000 banknotes that were in circulation at the time of their withdrawal announcement have been returned to the banking system, PTI reported.“The total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business…
[ad_1] Passenger vehicle (PV) wholesales in India rose to a record 45.5 lakh units in calendar year 2025, marking a growth of nearly 6 per cent, as policy tailwinds in the second half helped the industry overcome a sluggish start, according to industry estimates, PTI reported.The industry surpassed its previous peak of 43.05 lakh units…
[ad_1] Vodafone Idea on Thursday said it has received a GST penalty order of about Rs 638 crore from the Office of the Additional Commissioner, Central Goods and Services Tax, Ahmedabad, and that it will challenge the order through legal action, PTI reported.In a statutory filing, the debt-laden telecom operator said it does not agree…
[ad_1] The rupee slipped 10 paise to close at 89.98 against the US dollar on Thursday, marking a weak start to the first trading session of 2026, as sustained foreign fund outflows and a subdued domestic equity market weighed on investor sentiment, PTI reported.Forex traders said the USD/INR pair moved in a narrow range during…
[ad_1] Bulgaria on Thursday adopted the euro as its official currency, becoming the 21st country to join the eurozone, a long-anticipated milestone that comes almost 20 years after the Balkan nation entered the European Union, but one that has exposed deep political and public divisions.At midnight, Bulgaria formally gave up the lev, which had been…
[ad_1] The gross Goods and Services Tax collections for December 2025 were at Rs 1.75 lakh crore, marking a 6.1 per cent increase from the previous year. The April-December period of 2025-26 saw massive growth in GST collections, with total collections reaching Rs 16.5 lakh crore, up 8.6 per cent from Rs 15.2 lakh crore…