
India's power shortage has surged this summer due to El Nino's effects on hydropower generation. Deficient monsoon rainfall has exacerbated the situation, leading to increased strain on the country's energy system. As demand rises, the government faces challenges in ensuring a stable power supply, highlighting the urgent need for sustainable energy solutions.
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"When it comes to power shortages, it’s all about keeping the lights on!"
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Starting October 1, 2026, buying property from NRIs simplifies as buyers can use their PAN instead of needing a separate TAN for TDS. This change streamlines tax reporting and payment, making it easier for resident individuals and HUFs to invest in immovable property. The new Form 141 will facilitate this process, enhancing the overall experience for property buyers.
Bank unions are striking from Sept 28-30, demanding a five-day work week and pension reforms. This action coincides with the crucial half-yearly closing on Sept 30, impacting provisioning and treasury operations. Banks will remain open on Sept 27 to mitigate disruptions caused by the strike.
IRDAI's new reforms aim to claw back commissions on mis-sold insurance policies. This initiative links salespersons to their policies and enhances consumer transparency by making mis-selling records public, empowering buyers with crucial information.
Corporate NPS is crucial for India's retirement savings, yet only 5-6% of eligible employees participate. To enhance participation, changing the default settings could be key. This shift could unlock tax benefits and improve long-term returns, making retirement planning more accessible for private-sector workers.