RBI’s new auto-debit rule, pension norms: 9 changes that will set in from October 1

India From pension rules to the new automatic debit guidelines and some banks stop using checkbooks, a series of changes will take effect starting Friday. Most changes will have a direct impact on people’s daily lives. As the deadline for the Reserve Bank of India (RBI) to extend the implementation of the standards is comingContinue reading “RBI’s new auto-debit rule, pension norms: 9 changes that will set in from October 1”

India’s quest for a road to Central Asia

Geo Politics Central Asia may want India to act as a counterbalance to China. It is said that China has so far pledged US$100 million to improve Afghanistan’s connectivity. In a speech at the Shanghai Cooperation Organization (SCO) meeting on September 17, Narendra Mo Prime Minister Di talked about how Central Asia has historically servedContinue reading “India’s quest for a road to Central Asia”

Tata Sons wins bid for Air India, official announcement awaited

Business The long wait is finally over. According to Bloomberg News, Tata Sons won the bid for Air India. Later that day, the top bureaucrat in charge of the government’s divestment plan said that no final decision had yet been made. The political license will be divided into two levels. At one level is theContinue reading “Tata Sons wins bid for Air India, official announcement awaited”

Under the EV Policy, Maharashtra receives a ₹2,823 Cr investment for a vehicle manufacturing facility

India Under the EV Policy, Maharashtra receives a $2,823 million investment for a vehicle manufacturing facility. “The ₹2,800 crore investment will create 1,250 job opportunities and contribute to climate action,” said Shri Aaditya Thackeray, Hon’ble Minister for Environment, Tourism, and Protocol, Government of Maharashtra.

States’ fears over GST regime have come true: Tamil Nadu Finance Minister

Tamil Nadu Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Wednesday said the States’ fears of losing autonomy with the Goods and Services Tax regime have come true.“One thing that is very clear to me is the fears of loss of autonomy have been fully realised. The States have now very little independence in anyContinue reading “States’ fears over GST regime have come true: Tamil Nadu Finance Minister”

Due to a chip shortage, Opel has decided to close its German plant until 2022.

Business Opel, a subsidiary of Stellantis (STLA.MI), announced on Thursday that it will close one of its German plants until at least the end of the year due to chip shortages. Production at the Eisenach plant, which produces internal combustion engine and hybrid electric vehicles, is expected to resume in 2022, though an Opel spokespersonContinue reading “Due to a chip shortage, Opel has decided to close its German plant until 2022.”

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