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IndiaTV Business: Google News Feed: Digest for March 29, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

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Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
World's largest cryptocurrency exchange, Binance, has been sued by the United States Commodity Futures Trading Commission (CFTC) along with its founder and CEO, Changpeng Zhao, over several federal law violations. The Federal regulator has brought a slew of allegations, including illegal operations in the U.S., and improper application of 'Know Your Customer' (KYC) guidelines. Zhao has called the civil complaint from CFTC as 'disappointing and unexpected'. Binance was banned in the United States in 2019 over regulatory issues. 

Gold observes fall in its price after a constant weekend

Tuesday 28 March 2023 04:45 AM UTC+00
Prices fall for both pure gold and standard gold across the country. 
Employees' Provident Fund Organisation (EPFO) on Tuesday fixed an 8.15% rate of interest on employees' provident fund (EPF) deposits for the fiscal year 2022-23. Earlier in March 2022, the EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5%  in 2020-21. According to reports, this was the lowest since 1977-78, when the EPF interest rate stood at 8%
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
World's largest cryptocurrency exchange, Binance, has been sued by the United States Commodity Futures Trading Commission (CFTC) along with its founder and CEO, Changpeng Zhao, over several federal law violations. The Federal regulator has brought a slew of allegations, including illegal operations in the U.S., and improper application of 'Know Your Customer' (KYC) guidelines. Zhao has called the civil complaint from CFTC as 'disappointing and unexpected'. Binance was banned in the United States in 2019 over regulatory issues. 

Gold observes fall in its price after a constant weekend

Tuesday 28 March 2023 04:45 AM UTC+00
Prices fall for both pure gold and standard gold across the country. 
Employees' Provident Fund Organisation (EPFO) on Tuesday fixed an 8.15% rate of interest on employees' provident fund (EPF) deposits for the fiscal year 2022-23. Earlier in March 2022, the EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5%  in 2020-21. According to reports, this was the lowest since 1977-78, when the EPF interest rate stood at 8%
Disney Layoff News: According to a letter sent by Disney CEO Bob Iger to employees of Walt Disney Co, the company will start notifying the first group of affected employees about the upcoming layoffs in the next four days. The job cuts, aimed at reducing costs and streamlining the business, will impact several major divisions including Disney Entertainment, Disney Parks, Experiences and Products, and corporate. The first round of layoffs, totaling 7,000 employees, began on Monday. A larger round of job cuts, affecting several thousand more employees, will take place in April. The final round is expected to start before the summer.

Date for linking PAN-Aadhaar extended: Check new date

Tuesday 28 March 2023 10:14 AM UTC+00
PAN-Aadhaar Linking: In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to June 30, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions, the Income Tax department informed on Tuesday. 
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
World's largest cryptocurrency exchange, Binance, has been sued by the United States Commodity Futures Trading Commission (CFTC) along with its founder and CEO, Changpeng Zhao, over several federal law violations. The Federal regulator has brought a slew of allegations, including illegal operations in the U.S., and improper application of 'Know Your Customer' (KYC) guidelines. Zhao has called the civil complaint from CFTC as 'disappointing and unexpected'. Binance was banned in the United States in 2019 over regulatory issues. 

Gold observes fall in its price after a constant weekend

Tuesday 28 March 2023 04:45 AM UTC+00
Prices fall for both pure gold and standard gold across the country. 
Employees' Provident Fund Organisation (EPFO) on Tuesday fixed an 8.15% rate of interest on employees' provident fund (EPF) deposits for the fiscal year 2022-23. Earlier in March 2022, the EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5%  in 2020-21. According to reports, this was the lowest since 1977-78, when the EPF interest rate stood at 8%
Disney Layoff News: According to a letter sent by Disney CEO Bob Iger to employees of Walt Disney Co, the company will start notifying the first group of affected employees about the upcoming layoffs in the next four days. The job cuts, aimed at reducing costs and streamlining the business, will impact several major divisions including Disney Entertainment, Disney Parks, Experiences and Products, and corporate. The first round of layoffs, totaling 7,000 employees, began on Monday. A larger round of job cuts, affecting several thousand more employees, will take place in April. The final round is expected to start before the summer.

Date for linking PAN-Aadhaar extended: Check new date

Tuesday 28 March 2023 10:14 AM UTC+00
PAN-Aadhaar Linking: In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to June 30, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions, the Income Tax department informed on Tuesday. 
Medicine price hike news: Starting in April, consumers in India will face higher prices for essential medicines, including painkillers, anti-infectives, cardiac drugs, and antibiotics. Government has allowed drug companies to increase prices in line with the change in the annual Wholesale Price Index (WPI). The National Pharmaceutical Pricing Authority (NPPA), the drug prices regulator, revealed that the annual change in WPI, as notified by the government, was 12.12% in 2022. 
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
World's largest cryptocurrency exchange, Binance, has been sued by the United States Commodity Futures Trading Commission (CFTC) along with its founder and CEO, Changpeng Zhao, over several federal law violations. The Federal regulator has brought a slew of allegations, including illegal operations in the U.S., and improper application of 'Know Your Customer' (KYC) guidelines. Zhao has called the civil complaint from CFTC as 'disappointing and unexpected'. Binance was banned in the United States in 2019 over regulatory issues. 

Gold observes fall in its price after a constant weekend

Tuesday 28 March 2023 04:45 AM UTC+00
Prices fall for both pure gold and standard gold across the country. 
Employees' Provident Fund Organisation (EPFO) on Tuesday fixed an 8.15% rate of interest on employees' provident fund (EPF) deposits for the fiscal year 2022-23. Earlier in March 2022, the EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5%  in 2020-21. According to reports, this was the lowest since 1977-78, when the EPF interest rate stood at 8%
Disney Layoff News: According to a letter sent by Disney CEO Bob Iger to employees of Walt Disney Co, the company will start notifying the first group of affected employees about the upcoming layoffs in the next four days. The job cuts, aimed at reducing costs and streamlining the business, will impact several major divisions including Disney Entertainment, Disney Parks, Experiences and Products, and corporate. The first round of layoffs, totaling 7,000 employees, began on Monday. A larger round of job cuts, affecting several thousand more employees, will take place in April. The final round is expected to start before the summer.

Date for linking PAN-Aadhaar extended: Check new date

Tuesday 28 March 2023 10:14 AM UTC+00
PAN-Aadhaar Linking: In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to June 30, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions, the Income Tax department informed on Tuesday. 
Medicine price hike news: Starting in April, consumers in India will face higher prices for essential medicines, including painkillers, anti-infectives, cardiac drugs, and antibiotics. Government has allowed drug companies to increase prices in line with the change in the annual Wholesale Price Index (WPI). The National Pharmaceutical Pricing Authority (NPPA), the drug prices regulator, revealed that the annual change in WPI, as notified by the government, was 12.12% in 2022. 

India to continue wheat export ban until THIS time: FCI

Tuesday 28 March 2023 02:18 PM UTC+00
India on Tuesday clarified that it will not resume the export of wheat until it feels the country is comfortable with domestic supplies. Food Corporation of India chief Ashok K Meena asserted that wheat production will not be affected due to recent rains and added the country is confident of achieving the output target.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
World's largest cryptocurrency exchange, Binance, has been sued by the United States Commodity Futures Trading Commission (CFTC) along with its founder and CEO, Changpeng Zhao, over several federal law violations. The Federal regulator has brought a slew of allegations, including illegal operations in the U.S., and improper application of 'Know Your Customer' (KYC) guidelines. Zhao has called the civil complaint from CFTC as 'disappointing and unexpected'. Binance was banned in the United States in 2019 over regulatory issues. 

Gold observes fall in its price after a constant weekend

Tuesday 28 March 2023 04:45 AM UTC+00
Prices fall for both pure gold and standard gold across the country. 
Employees' Provident Fund Organisation (EPFO) on Tuesday fixed an 8.15% rate of interest on employees' provident fund (EPF) deposits for the fiscal year 2022-23. Earlier in March 2022, the EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5%  in 2020-21. According to reports, this was the lowest since 1977-78, when the EPF interest rate stood at 8%
Disney Layoff News: According to a letter sent by Disney CEO Bob Iger to employees of Walt Disney Co, the company will start notifying the first group of affected employees about the upcoming layoffs in the next four days. The job cuts, aimed at reducing costs and streamlining the business, will impact several major divisions including Disney Entertainment, Disney Parks, Experiences and Products, and corporate. The first round of layoffs, totaling 7,000 employees, began on Monday. A larger round of job cuts, affecting several thousand more employees, will take place in April. The final round is expected to start before the summer.

Date for linking PAN-Aadhaar extended: Check new date

Tuesday 28 March 2023 10:14 AM UTC+00
PAN-Aadhaar Linking: In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to June 30, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions, the Income Tax department informed on Tuesday. 
Medicine price hike news: Starting in April, consumers in India will face higher prices for essential medicines, including painkillers, anti-infectives, cardiac drugs, and antibiotics. Government has allowed drug companies to increase prices in line with the change in the annual Wholesale Price Index (WPI). The National Pharmaceutical Pricing Authority (NPPA), the drug prices regulator, revealed that the annual change in WPI, as notified by the government, was 12.12% in 2022. 

India to continue wheat export ban until THIS time: FCI

Tuesday 28 March 2023 02:18 PM UTC+00
India on Tuesday clarified that it will not resume the export of wheat until it feels the country is comfortable with domestic supplies. Food Corporation of India chief Ashok K Meena asserted that wheat production will not be affected due to recent rains and added the country is confident of achieving the output target.
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