RBI says UPI will remain free, no charges will apply: IPO loan limit increased to ₹25 lakh; loans against shares can now be availed up to ₹1 crore.
Posted inBusiness

RBI says UPI will remain free, no charges will apply: IPO loan limit increased to ₹25 lakh; loans against shares can now be availed up to ₹1 crore.

The Reserve Bank of India (RBI) announced several major decisions on Wednesday (October 1st) that will make it easier and cheaper for companies and individuals to obtain bank loans. It also addressed concerns about UPI charges. RBI Governor Sanjay Malhotra announced all the decisions after the Monetary Policy Committee (MPC) meeting. Major decisions taken by the RBI MPC: 1. Acquisition…
Loans won’t get cheaper as inflation declines: RBI keeps repo rate at 5.5%; raises GDP growth forecast from 6.5% to 6.8%
Posted inBusiness

Loans won’t get cheaper as inflation declines: RBI keeps repo rate at 5.5%; raises GDP growth forecast from 6.5% to 6.8%

The Reserve Bank of India (RBI) has kept the repo rate unchanged for the second consecutive time. It has been kept unchanged at 5.5%. This means that loans will not become more expensive and your EMIs will not increase. Previously, the rate was unchanged in the August meeting. The country's GDP growth forecast was raised from 6.5% to 6.8%. This…
Sonam Wangchuk’s wife wrote a letter to the President, saying, “As a tribal, he should understand the sentiments of the people of Ladakh and demand her husband’s release.”
Posted inNational

Sonam Wangchuk’s wife wrote a letter to the President, saying, “As a tribal, he should understand the sentiments of the people of Ladakh and demand her husband’s release.”

Gitanjali Angmo, wife of Ladakhi environmental activist Sonam Wangchuk, wrote a letter to President Draupadi Murmu on Wednesday. She appealed to the President to understand the sentiments of the people of Ladakh, as he is a tribal. Angmo also sent this letter to PM Narendra Modi and Home Minister Amit Shah. In the letter, Angmo demanded the unconditional release of…
CJI’s mother says she will not attend RSS event: decision made due to unnecessary controversy; was chief guest in Amravati on October 5th
Posted inNational

CJI’s mother says she will not attend RSS event: decision made due to unnecessary controversy; was chief guest in Amravati on October 5th

Kamal Gavai, mother of Chief Justice of India (CJI) B.R. Gavai, will not attend the RSS centenary celebrations in Amravati, Maharashtra, on October 5th. She has been named the chief guest. In an open letter, 84-year-old Kamal Gavai wrote, "After the news of her being invited as the chief guest, unnecessary controversy and accusations began to surface, which led to…
Modi said, “Infiltrators are challenging us, we must remain vigilant.” The Sangh has a roadmap to prevent demographic change; a postage stamp and coin were released.
Posted inNational

Modi said, “Infiltrators are challenging us, we must remain vigilant.” The Sangh has a roadmap to prevent demographic change; a postage stamp and coin were released.

PM Modi said on Wednesday at the centenary celebrations of the Rashtriya Swayamsevak Sangh (RSS), "The volunteers of the RSS have never shown bitterness. Whether there were bans or conspiracies, the mantra of all has been that whatever is good, whatever is less good, everything is ours." On this occasion, he also released a commemorative postage stamp and coin depicting…
Dearness allowance for central government employees increased by 3%: 4.9 million employees and 6.8 million pensioners benefit; effective July 1, 3 months’ arrears will be paid.
Posted inBusiness

Dearness allowance for central government employees increased by 3%: 4.9 million employees and 6.8 million pensioners benefit; effective July 1, 3 months’ arrears will be paid.

The central government has increased the dearness allowance of central employees by 3% ahead of Diwali and Dussehra. This increase will take effect from July 1st. Employees will receive three months' arrears. This decision was taken in a cabinet meeting chaired by PM Modi on Wednesday. The dearness allowance will now increase from 55% to 58%. This will benefit 4.92…
CM Mann invites industrialists to invest in Punjab: In Delhi, he said the state is a preferred investment destination due to its industry-friendly policies.
Posted inNational

CM Mann invites industrialists to invest in Punjab: In Delhi, he said the state is a preferred investment destination due to its industry-friendly policies.

Punjab Chief Minister Bhagwant Singh Mann, while inviting industrialists in Delhi today to become active partners in the country's socio-economic development, said that the state of Punjab has now emerged as a preferred destination worldwide due to its industry-friendly policies and favorable business environment. Speaking to industrialists here today, the Chief Minister said that industrialists are the backbone of the…
Claim: RCB could be sold for ₹17,000 crore: Adar Poonawalla is bidding; if sold, it would be the biggest deal in IPL history.
Posted inSports

Claim: RCB could be sold for ₹17,000 crore: Adar Poonawalla is bidding; if sold, it would be the biggest deal in IPL history.

The 2025 IPL champions, Royal Challengers Bangalore (RCB), could be sold for around ₹17,000 crore. According to media reports, Adar Poonawalla, CEO of vaccine manufacturer Serum Institute, is bidding to buy the franchise. His X post has fueled these speculations. On Wednesday, Adar Poonawalla wrote on the social media platform X, "RCB is a great team at the right valuation."…
900,000 US government employees face salary crisis: Trump fails to pass funding bill; 60 votes needed, but only 55.
Posted inInternational

900,000 US government employees face salary crisis: Trump fails to pass funding bill; 60 votes needed, but only 55.

A shutdown has come into effect in the United States today. President Donald Trump failed to get the funding bill passed by the Senate. This has stalled many non-essential government functions, forcing nearly 900,000 government employees to be sent on leave without pay. Voting on the bill took place late Tuesday night. The bill received 55 votes in favor and…