Representative image (AI) A recent World Bank study has found that Pakistan’s General Sales Tax (GST) is a major contributor to rising poverty levels, while targeted cash transfer schemes such as the Benazir Income Support Programme (BISP) are helping reduce inequality.Titled “The Effects of Taxes and Transfers on Inequality and Poverty in Pakistan,” the report…
The jute industry is pinning its hopes on the upcoming Expert Committee on Jute (ECJ) meeting, scheduled for June 3 in Kolkata, as it grapples with high raw jute prices, delayed crop arrivals, and tight supply conditions.The ECJ, under the Ministry of Textiles, will review the raw jute and mesta supply-demand situation for 2024–25 and…
India’s semiconductor design Global Capability Centers (GCCs) experienced a nearly 15% year-on-year decline in job openings during the financial year 2024-25, largely due to ongoing geopolitical uncertainties and global supply chain disruptions, according to a report by talent solutions provider Careernet.The report highlights that open positions in the sector peaked in May 2024 at 3,760…
The primary market is set to witness heightened activity next week as four main-board initial public offerings (IPOs), including those from Schloss Bangalore Ltd and Aegis Vopak Terminals, are scheduled to hit Dalal Street, collectively aiming to raise over Rs 6,600 crore.Alongside Schloss Bangalore and Aegis Vopak Terminals, IPOs of Prostar Info Systems and Scoda…
National Securities Depository Ltd (NSDL), which is preparing for its initial public offering (IPO), reported a 4.77 per cent increase in consolidated net profit to Rs 83.3 crore for the quarter ended March 2025.The depository had posted a net profit of Rs 79.5 crore in the same period a year ago.Total income during the January–March…
The overall market value of six out of India’s ten most valued companies fell by a staggering Rs 78,166.08 crore last week, as weak sentiment continued to weigh down equity markets.Reliance Industries saw the sharpest erosion in value, reflecting the downturn in benchmark indices.The BSE Sensex dropped by 609.51 points or 0.74%, while the Nifty…
Indian equities, over the upcoming week, are expected to be driven by a combination of domestic macroeconomic data, global cues, and foreign investor activity, analysts said.Equity benchmarks ended the previous week on a muted note, weighed down by ongoing global uncertainties. The BSE Sensex fell 609.51 points or 0.74%, while the NSE Nifty declined 166.65…
Tripura government has been working to develop an infrastructure to support AI and 5G network in the state. CM Manik Saha said that AI reduces operational complexity by using smart algorithms to perform a variety of tasks, leading to faster performance, greater efficiency, and lower costs.Simultaneously, 5G technology transfers information quickly. He also said that…
Are you a central government employee looking to secure financial stability after your retirement but fear NPS is too risky? There is a major decision awaiting for you. On April 1, 2025, the central government rolled out a new pension scheme for its workers, called the Unified Pension Scheme or UPS which offers to provide…
Foreign portfolio inventors, this week, reversed May’s overall net inflows, withdrawing Rs 4,84.32 crore between May 19 and May 23. The FPIs turned net sellers in Indian equities, as the total investment now stands at Rs 13, 835 crore, down from the Rs 18,620 crore registered over the previous week, the data from National Securities…