The move comes as employee costs escalate, and health insurance premiums balloon, prompting firms to redesign their benefits programs to align with the needs of a multi-generational workforce and ensure financial discipline. “Rising costs—driven by medical inflation at 11% outpacing general inflation—are compelling organizations to optimize benefit strategies without compromising employee experience. The true cost…
Bank holiday today: There are a total of 17 holidays for public and private banks in India in December 2025, according to the Reserve Bank of India’s official state-wise calendar for 2025-26. These include the weekend leaves (Second Saturday, Fourth Saturday, all Sundays) and other important regional or religious occasions. In case you have an…
The 10 mandis where the electronic National Agriculture Market (e-NAM 2.0) is currently in use will also have e-NAM 1.0 running in parallel, so that farmers receive proper handholding during the transition to the new system, they said. “The ministry opted for a phased approach to avoid any disruption to auctions, billing or payments during…
Central bank digital currencies are a far safer option than stablecoins, which pose greater risks than their purported benefits, according to Reserve Bank of India deputy governor T. Rabi Sankar. “Do stablecoins serve a purpose? It seems to me that they do not; at any rate, they do not serve a purpose that cannot be…
The International Cricket Council (ICC) and JioStar jointly on Friday refuted reports of media rights disagreement in India, stating them “incorrect”. The development came after several media reports read that Reliance Industries-controlled JioStar is pulling out of their four-year media rights deal with the ICC midway due to financial losses. “The International Cricket Council (ICC)…
Reserve Bank of India Deputy Governor T Rabi Sankar on Friday addressed concerns regarding National Payments Corporation of India’s (NPCI) rule of a 30% market share cap for unified payments interface (UPI) apps. Speaking at the 18th Mint BFSI Summit, Rabi Sankar elaborated on the RBI’s stance on NPCI’s rule and said, “The basic issue…
“The ministry of new and renewable energy (MNRE) is likely to suggest two new elements of requirement. One is the criterion of round-trip efficiency to ensure that out of the energy infused in a battery, the maximum quantum is usable by the battery or grid operator,” said one of the two people quoted earlier. Round-trip…
18th Mint BFSI Summit LIVE Updates: Securities and Exchange Board of India chief Tuhin Kanta Pandey is scheduled to deliver the keynote address at the 18th Mint BFSI Summit in Mumbai today, on 12 December 2025. The theme this year is ‘Finance’s Next Frontier’ and will bring together influential voices from across India to discuss…
The Reserve Bank of India (RBI) has withdrawn its proposal that had said that only two banks should be allowed to open current accounts for a corporate borrower, with each of the lenders holding at least 10% of the total loans given by the entire banking sector to that company. The RBI’s draft proposal on…
There is a sustained global movement towards sustainability and, in this, India is emerging as a global leader in sustainable packaging, particularly in the recycling of used food and beverage cartons. A recent study by The Energy and Resources Institute (TERI) highlights a significant jump in the national recycling rate for these cartons to 48…