INDIA -CHINA-After a long gap of nearly five years, direct passenger flights between India and China are set to resume, with services expected to start as early as next month. The suspension, which began during the COVID-19 pandemic, had severely impacted travel, trade, and cultural exchanges between the two countries. Sources indicate that a formal announcement about the resumption is likely to be made during the upcoming Shanghai Cooperation Organisation (SCO) summit in China at the end of...

Union Cabinet approves the Employment Linked Incentive (ELI) Scheme aimed at supporting job creation, improving employability, and strengthening social security across sectors, with a specific focus on manufacturing. The scheme, which was announced as part of the Union Budget 2024-25, aims to incentivise the generation of over 35 million jobs between August 2025 to July 2027, with a spending of ₹99,446 crore.

India’s fair trade regulator Competition Commission of India (CCI) has launched a formal investigation against India’s biggest paints firm, Asian Paints, for alleged abuse of its dominant position in the organised decorative paints market, following a complaint by Aditya Birla group’s Grasim Industries’ Birla Opus Paints division.

The Centre on Tuesday permits cab aggregators such as Ola, Uber, and Rapido to charge up to twice the base fare as a surge price during peak hours, up from the previous cap of 1.5 times.  During non-peak hours, the fare must be at least 50 per cent of the base rate.

In a setback to Apple’s India expansion plans, Foxconn Technology Group has been sending hundreds of its Chinese engineers and technicians back home from its iPhone factories in India, it is learnt.  This is likely to affect the Cupertino major’s production plans of iPhone 17,  expected to be unveiled in mid-September.

The Indian government is considering setting up three additional strategic oil reserves, in Bikaner (Rajasthan), Mangalore (Karnataka) and Bina (Madhya Pradesh), to increase its emergency stockpile and enhance energy security. As the world’s third-largest importer and consumer of oil, India overwhelmingly relies on overseas sources for over 80% of its crude requirements. To reduce supply shocks from geopolitical tensions across the world, India continues to diversify its crude import...

Secretary (Posts), Ms. Vandita Kaul led the Indian delegation at the Pan African Postal Union (PAPU) General Assembly in Arusha, Tanzania, as an observer to strengthen South - South Postal Cooperation sharing India's expertise in postal technology, digital address codes, citizen centric service delivery and more.  She interacted with Secretary PAPU and DDG UPU on the occasion to discuss on building a more equitable and inclusive global postal sector Cooperation

Credit rating agency ICRA has reaffirmed India’s GDP growth projection at 6.2% for the fiscal year 2026, backed by positive domestic factors such as a steady monsoon and controlled oil prices. Why It’s Important: Strong monsoons boost agriculture and rural demand. Low oil prices reduce import costs and inflation. These trends can sustain economic momentum even if the global market faces uncertainty. However, ICRA has also cautioned that global...

Mysore Sales International Ltd (MSIL) is revamping its ₹500 cr chit-fund operations via a new mobile app, aiming for ₹10,000 cr annual volume. The initiative includes micro-chits, a digital agent network, and financial inclusion tools for underserved communities. Formalizing informal savings benefits unbanked citizens and introduces new fintech competition in the chit segment.

RBI Rate Cut: ఆర్బీఐ గత కొంత కాలంగా కీలక వడ్డీ రేట్లను తగ్గిస్తూ వస్తున్న సంగతి తెలిసిందే. వరుస సమీక్షల్లో 25 బేసిస్ పాయింట్ల మేర వడ్డీ రేట్లు తగ్గించింది. ఇప్పుడు జూన్ 6న కూడా రిజర్వ్ బ్యాంక్.. మరోసారి వడ్డీ రేట్లను తగ్గించనున్నట్లు తెలుస్తోంది. అయితే ఈసారి ఇంకా ఎక్కువే తగ్గించొచ్చన్న అంచనాలు ఉన్నాయి. ఇది హోం లోన్ వడ్డీ రేట్లను మరింత కిందికి చేర్చుతుందని చెప్పొచ్చు.

Upgrading to PAN 2.0 is now quick and simple! With Aadhaar-linked features and enhanced digital access, PAN 2.0 brings more security and convenience to your financial life. Follow these easy steps to update your PAN and enjoy the new benefits. The Union Cabinet approved the PAN 2.0 Project to make PAN the “single source of truth and data consistency.” With PAN already linked to Aadhaar. More On News: The Cabinet Committee on Economic Affairs (CCEA) has approved the...

From EMIs to Easy Repayment: Common Loan Mistakes Indians Make — and How to Avoid Them With increasing financial aspirations and easier access to credit, more Indians are turning to loans to fund everything from education and medical emergencies to home purchases. While taking a loan can be a smart financial move, the real challenge often lies in managing repayments. Missed EMIs, poor planning, and reactive decision-making can turn good credit into growing debt. Here are five common...