EPFO introduces new rules for partial withdrawals, allowing members to withdraw up to 75% of their provident fund corpus with a minimum balance of 25%. The move aims to provide financial support for immediate needs without sacrificing long-term retirement savings. The rules also include increased time for availing premature settlements, simplification of withdrawal process, and collaboration with India Post for doorstep services. These measures are expected to improve financial flexibility while ensuring sustainability of retirement savings. Category: Business Title: EPFO Eases Rules for Provident Fund Withdrawals, Including 75% Partial Withdrawal and Simplified Process
In a major move that aligns with the government's "Viksit Bharat" vision, Google has announced a $15 billion investment to set up its first AI hub in India located in Visakhapatnam, Andhra Pradesh. The tech giant has partnered with the Adani Group to build a cutting-edge campus that combines advanced AI infrastructure, renewable energy solutions, and an expanded fibre-optic network. This investment marks Google's largest AI hub outside the United States and is expected to drive growth and innovation in the country's digital economy. Prime Minister Narendra Modi has hailed this announcement as a powerful step towards democratizing technology and securing India's place as a global technology leader.
Google CEO Sundar Pichai and Indian Prime Minister Narendra Modi discuss the tech company's investment in India's digital economy, including plans for a new AI hub in Visakhapatnam. This hub will provide access to cutting-edge AI technology and support industries such as healthcare, education, agriculture, and logistics. It will also connect with Google's global network of AI centers in 12 countries.
During a visit to Chennai, Union Minister Nitin Gadkari announced plans for India to become a leader in the production of alternative and biofuels. He also highlighted the country's growth in the automobile industry, job creation, and improved road infrastructure. Plans for several new highway projects in Puducherry were also announced, showcasing progress and development in the region.
Stocks were headed for a tough day on Tuesday before Fed Chair Jerome Powell's comments turned the tide. After falling about 1%, major indexes rallied in the afternoon when Powell hinted at the possibility of future rate cuts. Investors welcomed the news with relief as it stopped the downward trend and prevented what would have been the second down day in three sessions.
Prime Minister Modi will visit Ayodhya on November 25 to take part in the official completion ceremony of the iconic Ram Temple, where he will be hoisting a 21-foot flag atop the temple. This coincides with the auspicious date of Ram Vivah Panchami in the Hindu calendar. The temple holds great significance not just for India, but for the world as PM Modi envisions it as a symbol of unity and harmony among all communities. The five-day ceremony will be led by scholars and Vedic priests and is expected to be a historic moment for Ayodhya as it opens its doors to global visitors.
India's retail inflation has hit an 8-year low in September at just 1.54%, largely due to a significant decline in food prices. This is a relief for consumers as the cost of living has decreased, and it is below the RBI's tolerance range of 2-6%, which is mandated to be maintained for more than three consecutive quarters. This indicates a positive trend in the Indian economy and could potentially impact RBI's monetary policy decisions.
With the seedings finalized for the BMIC 2025, the stage is set for an epic battle between eight South Korean and four Japanese teams against eight Indian squads in the highly anticipated BGMI International Cup. Representing Korea are experienced teams such as Dplus and Nongshim Redforce, while Japan's four teams will compete in India for the first time. This year's tournament will also determine two direct slots to the PMGC 2025, building up excitement for the ultimate showdown. With TalkEsport as the top destination for esports news and coverage, this is a competition not to be missed.
The National Medical Commission (NMC) has granted permission to ESIC Medical College, Indore to start the MBBS course with 50 seats from the academic session 2025-26. This significant achievement is the result of relentless hard work, excellent coordination, and dedication of the college's institutional team. The college administration is confident that the commencement of the MBBS course will enhance access to high-quality medical education and healthcare in Indore, benefiting students, insured persons, and the general public. The college has already completed extensive preparations to meet world-class standards, including establishing new hostels, recruiting faculty, and setting up modern facilities like smart classrooms, digital libraries, and fully equipped laboratories. With this approval, the college is set to contribute to the improvement of India's unique cardiovascular risk profile.
Following the successful launch of the Windsor EV and the subsequent pre-booking offer of free fast charging for one year, JSW MG Motor has made changes to the initial terms and conditions. The original promise of providing unlimited free charging for a year has now been reduced to a cap of 1,000 units of electricity per car. This move has been met with criticism and disappointment from early adopters of the vehicle.