MFNews, Author at MFNews

28 Feb

GDP: In Q3 India’s GDP grows at 6.2%, FY25 forecast revised to 6.5%

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Real GDP has been estimated to grow by 6.5% in FY 2024-25. New Delhi: India’s real gross domestic product (GDP) growth for the third quarter (Q3) of financial year 2024-25 (FY25) was 6.2%. The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), released these Statistics on Friday. Real GDP has been estimated to grow by 6.5% in FY 2024-25. Nominal GDP is expected to witness a growth rate of 9.9% in FY 2024-25. Both the growth rates are revised upward from their respective First Advance Estimates. This growth has been contributed by double-digit growth rates in ‘Manufacturing’ sector (12.3%),…

28 Feb

वित्तीय वर्ष 2024-25 के लिए ईपीएफ पर मिलेगा 8.25% की दर से ब्याज

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ईडीएलआई योजना में प्रमुख संशोधनों को अनुमति; इससे सदस्यों के परिवार को अधिक वित्तीय सुरक्षा और सहायता मिलेगी नई दिल्ली: वित्तीय वर्ष 2024-25 के लिए सीबीटी ने सदस्यों के खातों में ईपीएफ संचय पर 8.25% वार्षिक ब्याज दर जमा करने की सिफारिश की है। केंद्र सरकार द्वारा ब्याज दर को आधिकारिक रूप से अधिसूचित करने के बाद बाद ईपीएफओ ग्राहकों के खातों में ब्याज दर जमा करेगा। ये फैसला केंद्रीय श्रम एवं रोजगार तथा युवा कार्यक्रम एवं खेल मंत्री डॉ. मनसुख मांडविया ने आज नई दिल्ली में कर्मचारी भविष्य निधि (ईपीएफ) के केंद्रीय न्यासी बोर्ड (सीबीटी), की 237 वीं बैठक…

28 Feb

Results for the prestigious Reliance Foundation Postgraduate Scholarships 2024-25 announced

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Nurturing aspirations and celebrating excellence, 100 postgraduate scholars from select future-ready courses have been selected The scholars will get a grant of up to Rs. 6 lakhs along with comprehensive capacity-building throughout their academic journey Mumbai: Reliance Foundation has announced results of the prestigious Reliance Foundation Postgraduate Scholarships 2024-25. In-line with organisation’s commitment to nurturing India’s brightest minds in science and technology, the results are declared on National Science Day. Reliance Foundation offers postgraduate scholarships to 100 exceptional first-year students in India pursuing select degrees in Engineering, Technology, Energy, and Life Sciences. These scholarships provide financial assistance, mentorship, networking opportunities,…

28 Feb

Strand Life Sciences Launches Portal to Help Doctors with Rare Disease Diagnosis

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Offers Discounted Testing for Low-Income Patients Bengaluru: On the occasion of Rare Disease Day, Strand Life Sciences, a Reliance Industries subsidiary and leading genomics company, today launched the StrandOmics Portal to improve diagnosis of rare diseases. This new online portal gives clinicians quick and easy access to information on genetic variants, giving them a comprehensive view for each case. This means faster and more accurate diagnosis for patients. In addition to the portal, Strand Life Sciences will offer rare disease genetic testing at a reduced cost for patients from economically disadvantaged backgrounds, making these crucial tests more accessible. The StrandOmics…

28 Feb

The new BMW 3 Series Long Wheelbase launched in India.

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Most Powerful Petrol engine in its segment, with the iconic BMW B48 engine pushing out 258 hp and 400 Nm of Torque Gurugram. The new BMW 3 Series Long Wheelbase was launched in India today. Locally produced at BMW Group Plant Chennai, the car is available in the petrol variant at all BMW India dealerships. The diesel variant will be launched later. Mr. Vikram Pawah, President, BMW Group India said, “The new BMW 3 Series Long Wheelbase has set new standards in its segment with an elongated design, enhanced space, luxurious comfort and dynamic performance. Impressive in every way, it…

28 Feb

MOU: Renewal of the Bilateral Swap Arrangement between Japan and India

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Both authorities can swap their local currencies in exchange for the US Dollar New Delhi: Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2025). The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the second Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars. Japan and India believe that the BSA,…

28 Feb

National Stock Exchange of India (NSE) and Government of Goa Join

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Hands to Launch ‘Student Skilling Program’ in BFSI Sector Goa: The National Stock Exchange of India (NSE) and the Government of Goa have joined forces to launch the ‘Student Skilling Program’ aiming to equip the youth of Goa with industry relevant skills in Banking, Financial Services, and Insurance (BFSI) sector. A Memorandum of Understanding (MoU) has been signed between the two entities, marking a significant step towards empowering young individuals with industry-relevant skills and enhancing their employability in the BFSI sector. Goa is the 5th state after Uttarakhand, Meghalaya, Chhattisgarh and Assam to partner with NSE on skilling youth. The…

27 Feb

PUNJAB’s NEW EXCISE POLICY 2025-26 GENERATE EXCISE REVENUE OF RS. 11020 CRORES, CABINET APPROVES

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NEW POLICY AIMS TO GENERATE EXCISE REVENUE OF RS. 11020 CRORES WITH AN INCREASE OF 8.61% AS COMPARED TO LAST YEAR Chandigarh: The Punjab Cabinet led by the Chief Minister Bhagwant Singh Mann gave nod to the Excise policy 2025-26 which aims to collect excise revenue of Rs. 11020 crores during the financial year 2025-26, projecting an increase of Rs. 874.05 crores (8.61%) over the previous financial year’s targets. A decision to this effect was taken by the Council of Ministers in a meeting held under the chairmanship of the Chief Minister here at his official residence today. Disclosing this…

27 Feb

EPFO: Rationalization of Validations and Partial Withdrawals through simplified processes

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EPFO reaffirmed its commitment to digital transformation and faster claim settlements and pension disbursements New Delhi: With the goal of providing ease of living for its members, EPFO is working on a plan for simplification of claim processing, including rationalization of validations for partial withdrawals. EC was also provided an update on the progress. A technical committee has recommended simplification of validations in Form 31 for advance withdrawals. EC decided that the reduction in unnecessary validations and the implementation of simplified partial withdrawals should be carried out in parallel with ongoing IT reforms. It was emphasized that these measures would significantly enhance…

27 Feb

Anant Ambani’s Vantara Wins Prestigious National ‘Prani Mitra’ Award for Excellence in Animal Welfare

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Vantara’s state-of-the-art Elephant Care Centre, which provides a chain-free, secure, and enriching environment for over 240 rescued elephants Jamnagar (Gujarat): Anant Ambani’s Vantara has been conferred with the prestigious ‘Prani Mitra’ National Award, India’s highest honour in animal welfare, by the Government of India under the 'Corporate' category. The award recognizes the exceptional contributions of Radhe Krishna Temple Elephant Welfare Trust (RKTEWT), an organization under Vantara dedicated to the rescue, treatment, and lifelong care of elephants. At the core of this recognition is Vantara’s state-of-the-art Elephant Care Centre, which provides a chain-free, secure, and enriching environment for over 240 rescued…