Economies.
India lifts mandatory provident fund wage ceiling to ₹25,000
The Indian government's first revision in 12 years raises the monthly limit from ₹15,000, bringing 5.1 million more workers under mandatory coverage.
India's $20B Chip Support Attracts Global Tech Firms
New Delhi commits over $20 billion in government support for domestic semiconductor production and electronics, attracting major global tech firms.
Bangladesh Bank credit bypasses climate-vulnerable regions
Lending remains concentrated in Dhaka and Chattogram, with only small portions reaching districts most exposed to climate risks, according to Bangladesh Bank data.
India's 8th Pay Commission: Employee groups demand 7% raises
Employee groups propose annual raises up to 7%, potentially adding millions of rupees to civil servants' earnings over a decade, far exceeding the current 3% rate.
India's 8th Pay Commission Nears May 2027 Report Deadline
The three-member panel, established in November 2025, concluded its Mumbai stakeholder meetings on 23 October, with final recommendations on central government salaries and pensions due in six months.
Kerala government lifts dearness allowance by 2%
The increase takes the allowance to 37% of basic pay for state employees and pensioners, effective 1 January 2026, with payments starting in November.
India's EPFO Offers ₹15,000 Incentive for First-Time Workers
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) aims to formalise employment, offering up to ₹15,000 to eligible new entrants to the Employees’ Provident Fund system.
Keralam Hikes State Dearness Allowance to 37% for Employees
The two-percentage-point increase for Keralam's government staff and pensioners will see revised payments begin in November 2026, with arrears due from January 1, 2026.
India Weighs 3% Federal Pay Hike, Arrears for Employees
India's federal government is considering a 3-percentage-point increase in Dearness Allowance, potentially raising monthly salaries and providing retrospective arrears from 1 July 2026 if approved by Diwali.
Bangladesh Secures US$3.3 Billion Energy Funding, Taps ITFC for Fuel
The emergency package includes US$3.1 billion for oil and gas imports this fiscal year, with the International Islamic Trade Finance Corp playing a key role, alongside US$200 million from the Asian Development Bank for grid repairs.
Indian Bank Deposits Hit ₹28.96 Trillion by End-September
Public deposits with India's scheduled banks rose by over ₹780,000 crore in the last two weeks of September, the Reserve Bank of India reported. This brought the total to ₹28.96 trillion.
Telangana Approves Two Dearness Allowance Hikes for State Staff
The move includes 3.64% and 2.73% revisions, with payments for employees and pensioners scheduled to be disbursed on 1 November.
RBI: India NBFC Credit Growth Accelerates to 15.8% in August
Non-banking financial company lending accelerated across key sectors, with retail loans rising 22.0% and agriculture credit up 17.4% year-on-year.
Telangana Approves ₹2,500 Crore Annual DA for State Workers
The state cabinet confirmed the release of two Dearness Allowance instalments for employees and pensioners, adding to its recurring expenditure.
India's EPFO Campaign Offers Provident Fund Coverage to Past Workers
The Employees’ Enrolment Campaign 2026, active until October 31, allows businesses to regularise provident fund benefits for staff previously outside the formal system.
RBI Publishes Advisory Report on State Government WMA Limits
India's central bank today released findings from a committee reviewing financial accommodation facilities and Ways and Means Advances (WMA) limits for state governments.
India Inc profits slide, FPIs pull out amid West Asia conflict
Foreign portfolio investors withdrew ₹60,847 crore from India in H1 FY27, as rising oil prices and a lack of AI investment opportunities impacted corporate earnings.
Delhi ITAT reverses ₹34.8 lakh 'unexplained cash' tax decision
India's Income Tax Appellate Tribunal ruled that a cash balance was not unexplained when linked to commission income already declared, overturning a prior assessment for a Delhi taxpayer.
India: Central Staff Demand Insurance Hike, 8th Pay Commission
Central government employee groups in India are demanding updated insurance coverage and revised contributions under the CGEGIS scheme, citing decades of unchanged benefits, with a Group C cover of ₹1.5 lakh.
India's 8th Pay Commission Hears Pensioner Demands for OPS Restoration
India's Chennai GPO Pensioners Forum urged the 8th Pay Commission to restore the Old Pension Scheme and increase pension benefits. The Commission, formed in November 2025, will finalise its recommendations by May-June 2027, impacting millions of government retirees.