New Delhi, June 18: The Government of India has officially ratified an annual interest rate of 8.25% on Employees’ Provident Fund (EPF) deposits for FY2025-26, paving the way for the interest amount to be credited to the accounts of more than 7 crore EPF subscribers across the country. The approval follows…
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Commercial Energy Storage in India Projected to Expand More Than 30 Times by 2032
New Delhi, June 18: India’s commercial energy storage sector is poised for exponential growth, with deployments projected to increase by more than 30 times by 2032, signaling a major shift in the country’s energy infrastructure landscape. The rapid scale-up is being driven by the accelerating integration of renewable energy sources such…
Continue ReadingIndia’s CAD Seen Rising to 2.2 pc of GDP in FY27 Amid Elevated Crude Oil Prices
New Delhi, June 18: India’s current account deficit (CAD) is projected to widen to around 2.2% of GDP in FY27, driven primarily by sustained high global crude oil prices and increased import-related pressures, according to recent macroeconomic assessments. Analysts say the outlook reflects continued vulnerability to global energy price fluctuations, as…
Continue ReadingMadagascar and Zanzibar Announce New National Shark and Ray Protections at Our Ocean Conference
MOMBASA, KENYA, June 18: At a side event this evening at the Our Ocean Conference, the governments of Madagascar and Zanzibar announced sweeping new national protections for sharks and rays, marking the latest milestone in a decade of conservation progress across East Africa. Sharks and rays are experiencing one of the…
Continue ReadingMonsoon Rains Ease India’s Peak Power Demand as Cooling Load Drops
New Delhi, June 18: India’s peak electricity demand has eased in recent days as the onset of monsoon rains across several regions has reduced the use of cooling appliances, particularly air conditioners, officials and industry data indicated. The moderation in demand comes after a period of high summer consumption, when…
Continue ReadingPayful partners with BPC to launch Hong Kong card programme
June 18: Payful, a Chinese cross-border payments company with a subsidiary in Hong Kong, has launched a cloud-native Visa charge card programme for corporate and merchant clients powered by BPC’s next-generation SmartVista platform. The new programme enables Payful to provide businesses with a secure, efficient, and flexible way to manage corporate…
Continue ReadingFIA President Ben Sulayem says Macau conference can help shape future of motorsport, mobility
Three-day event will welcome over 450 senior FIA delegates from 149 countries Dubai, UAE, June 18: H.E. Mohammed Ben Sulayem, President of the FIA, says the Federation’s Extraordinary General Assembly and Annual Conference in Macau next week has an important part to play in guiding the future of motorsport and…
Continue ReadingGovernment Allocates INR 18,907 Crore for 26,474 km Rural Road Network in FY27
New Delhi, June 18: The Government of India has earmarked ₹18,907 crore for the construction of 26,474 kilometres of rural roads during the financial year 2026–27, aimed at improving connectivity and strengthening rural infrastructure across the country. Pic Credit: Pexel The allocation is expected to support continued expansion of all-weather…
Continue ReadingKharif Sowing in India Crosses 84 Lakh Hectares, Early Monsoon Progress Supports Agriculture
New Delhi, June 18: The total area sown under India’s ongoing kharif season has crossed 84 lakh hectares so far, indicating steady progress in early sowing operations across key agricultural regions of the country. Pic Credit: Pexel According to preliminary agricultural data, sowing activity has picked up momentum with the…
Continue ReadingIndia’s Digital Fraud Rate Nearly Double the Global Average: TransUnion
New Delhi, June 17 (UDN): India is witnessing an alarming rise in digital fraud, with the rate of suspected online fraud attempts reported to be nearly twice the global average, according to a recent report by TransUnion. The findings have raised concerns over the growing sophistication of cybercriminals and the…
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