The central bank’s income from foreign exchange reserves deployment in FY25 appears higher than the previous year, influenced by sustained elevated US treasury yields throughout several months, based on recent RBI data quoted by the Economic Times.This income, stemming from interest earnings on foreign assets, could contribute to an increase in the central bank’s dividend…
Elon Musk gave out $1 million checks on Sunday to two Wisconsin voters, declaring them spokespeople for his political group, ahead of a Wisconsin Supreme Court election that the tech billionaire cast as critical to President Donald Trump’s agenda and “the future of civilization.” Taking the stage in Green Bay wearing a yellow foam cheesehead…
Gratuity payment calculations are governed by specific guidelines outlined in the Payment of Gratuity Act. (AI image) Salaried employees quite often have gratuity as a component of their CTC (cost to company). The Payment of Gratuity Rules, 1972, stipulates that staff members become entitled to gratuity after completing five years of uninterrupted service with an…
NEW DELHI: As an average of more than five lakh people die or get injured in road accidents every year and corresponding number of compensation claims get filed before tribunals, Supreme Court has ordered cutting down of delay in payment of recompense money to the kin or injured through direct bank transfer (DBT) method. In…
BENGALURU: The nominee in an insurance policy needs to share insurance benefits with the insured person’s legal heirs if they raise a claim, Dharwad bench of Karnataka HC ruled. Amended section 39 of Insurance Act governing nominations is not intended to override provisions of laws relating to succession like Hindu Succession Act-1956, Justice Anant Ramanath…
CHANDIGARH: Settling a 64-year-old dispute that includes a 20-year legal battle over a piece of land in a Hisar village being used by a power discom, Punjab and Haryana HC has directed the authorities to pay land usage charges since 1961 and compensate the owners upon acquiring the land.HC ruled that compensation should be granted…