PF Contribution on Wages Above ₹15,000 Remains Voluntary

By BPN News Desk December 13, 2025

Business Finance

The Labour Ministry has clarified that provident fund contributions on wages exceeding ₹15,000 per month will continue to be voluntary and are not mandatory under existing or proposed labour regulations. The clarification was issued amid concerns among salaried employees that changes in labour

Business Finance

Cabinet Approves Bill to Raise Insurance FDI to 100%

By BPN News Desk December 13, 2025

The Union Cabinet has approved a bill to raise the foreign direct investment limit in the insurance sector to 100 percent, marking a significant shift in India’s policy framework for the industry. The proposal seeks to amend existing insurance laws to allow complete foreign ownership of insurance companies operating in India, subject to regulatory safeguards. […]

Business Finance

Rupee Falls to Record Low of 90.46 Against Dollar

By BPN News Desk December 11, 2025

The Indian rupee touched a new record low of 90.46 against the US dollar on Thursday, reflecting continued pressure on the currency from both global and domestic factors. The decline marks the weakest level ever recorded for the rupee. Market Factors Driving the Fall Traders attributed the depreciation to strong dollar demand from corporates, foreign […]

Business Finance

IndusInd Bank Chairman To Step Down In January

By BPN News Desk December 10, 2025

IndusInd Bank has confirmed that its chairman, Sunil Mehta, will step down when his term ends in January 2026. The announcement comes during a broader organisational overhaul at the private lender after a difficult financial year. Overhaul Triggered By Losses Earlier in 2025, the bank posted its largest quarterly loss after a major hit from […]

Finance

Government Collects ₹512 Crore TDS On Crypto In FY25

By BPN News Desk December 9, 2025

The government collected ₹511.83 crore as TDS from cryptocurrency and other virtual digital asset transactions in FY25. This marks a sharp increase from the previous year, when around ₹363 crore was collected. Officials said the rise reflects more trading activity and better reporting by exchanges. Current tax rules for crypto Profits from crypto trading are […]

Business Finance

Rupee Rises 17 Paise, Closes At ₹89.88

By BPN News Desk December 9, 2025

The rupee gained 17 paise against the US dollar on Tuesday and ended the day at ₹89.88. The currency moved up from its previous close as the dollar weakened in global markets. Dealers said better liquidity and active dollar selling by some foreign banks supported the rise. Global cues and oil prices helped Market analysts […]

Business Finance

IndusInd Bank Makes Key Leadership Appointments

By BPN News Desk December 9, 2025

IndusInd Bank has appointed Amitabh Kumar Singh as its new Chief Human Resources Officer. At the same time, its microfinance subsidiary Bharat Financial Inclusion Ltd (BFIL) has named Tapobrat Chaudhuri as Managing Director and Chief Executive Officer. Both leaders are expected to play a key role in shaping future growth. Strengthening core functions Along with […]

Business Finance

ICRA Sees Extended Pause In Interest Rates

By BPN News Desk December 6, 2025

Rating agency ICRA expects the Reserve Bank of India to keep policy interest rates unchanged for an extended period unless economic growth slows meaningfully. The outlook follows the recent move by the central bank to reduce the repo rate by 25 basis points, bringing it to 5.25 per cent. The agency noted that the rate-cut […]

Business Finance

RBI Raises FY26 GDP Growth Forecast To 7.3 Percent

By BPN News Desk December 5, 2025

The Reserve Bank of India has revised its GDP growth projection for the financial year 2025-26 to 7.3 percent. The earlier estimate was 6.8 percent. The upward revision reflects strong momentum in the economy, supported by healthy domestic demand, government spending and a stable inflation environment. Strong Economic Indicators The decision follows higher-than-expected

Business Finance

RBI Cuts Repo Rate To 5.25 Percent

By BPN News Desk December 5, 2025

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down to 5.25 percent. The decision was taken after the Monetary Policy Committee concluded its latest review. The rate cut comes at a time when inflation has eased, giving the central bank room to support growth. Why The Rate […]