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Daily Archives: June 23, 2025

Nitish Kumar Announces 3X Hike in Social Security Pensions Ahead of Bihar Polls

Nitish Kumar Announces 3X Hike in Social Security Pensions Ahead of Bihar Polls

In a significant pre-election welfare move, Bihar Chief Minister Nitish Kumar on Saturday announced a threefold increase in social security pensions, raising the monthly amount from ₹400 to ₹1,100 for the elderly, widows, and disabled beneficiaries. With Assembly elections due in October–November 2025, this is the first such hike since Nitish came to power in …

India Post Payments Bank Wins Digital Payments Award 2024–25

India Post Payments Bank Wins Digital Payments Award 2024–25

India Post Payments Bank (IPPB), a 100% government-owned payments bank under the Department of Posts, has been conferred the prestigious Digital Payments Award 2024–25 by the Department of Financial Services (DFS), Ministry of Finance. This award celebrates IPPB’s exemplary performance in expanding digital financial services and promoting inclusive banking across the country, especially in underserved …

Bharti Space to Invest ₹313 Cr in Eutelsat’s Satellite Expansion

Bharti Space to Invest ₹313 Cr in Eutelsat’s Satellite Expansion

Bharti Enterprises’ space arm, Bharti Space Ltd, has committed an investment of ₹313 crore (approximately €31.4 million) in French satellite operator Eutelsat as part of the latter’s ambitious €1.35 billion capital raising initiative. The funds are earmarked for expanding satellite constellations and repaying debt, positioning Eutelsat as a major player in global space-based communications. With …

RBI’s New Project Finance Norms Offer Relief to NBFCs REC & PFC Poised for Growth

RBI’s New Project Finance Norms Offer Relief to NBFCs: REC & PFC Poised for Growth

In a landmark regulatory move, the Reserve Bank of India (RBI) has released its final guidelines for project finance lending, introducing a more lenient framework for provisioning norms and offering relief to key non-banking financial companies (NBFCs) like PFC and REC. These norms, applicable from October 1, 2025, are expected to enable smoother transitions for …

Boudh District Connected to Rail Network for First Time, Thanks to New Line

Boudh District Connected to Rail Network for First Time, Thanks to New Line

On June 20, 2025, Prime Minister Narendra Modi inaugurated, dedicated, and laid the foundation stone for multiple railway infrastructure projects worth over ₹2,750 crore in Odisha. These projects aim to enhance regional connectivity, improve logistics efficiency, and fulfill long-standing aspirations of people in underconnected districts like Boudh. The launch also included new train services, signifying …

NPCI Launches NACH 3.0 to Enable Faster Salary, EMI, and SIP

NPCI Launches NACH 3.0 to Enable Faster Salary, EMI, and SIP

Starting July 2025, the National Payments Corporation of India (NPCI) will roll out NACH 3.0, a major overhaul to the National Automated Clearing House (NACH) system. The update promises faster salary credits, more efficient EMI and SIP processing, advanced security protocols, and improved customer and bank interface. Integrated into everyday banking for recurring transactions, NACH …

Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar

Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar

Gold has officially become the second-largest global reserve asset, surpassing the euro, as revealed by a recent European Central Bank (ECB) report. Central banks across the world have ramped up their gold holdings in response to persistent geopolitical tensions, inflation fears, and concerns over the reliability of dominant currencies — notably after Russia’s invasion of …

Govt to Set Up Centre of Excellence to Tackle Human-Wildlife Conflict

Govt to Set Up Centre of Excellence to Tackle Human-Wildlife Conflict

In a significant step toward sustainable coexistence between humans and wildlife, Union Minister for Environment, Forest and Climate Change Bhupendra Yadav has announced the establishment of a Centre of Excellence (CoE) for human-wildlife conflict management. This centre, to be set up at WII–SACON, will leverage advanced technologies including AI, and promote public awareness and rapid …

“Woman! Life! Freedom!” The Pulse of Iran’s 2022 Uprising Captured in Powerful New Book

“Woman! Life! Freedom!”: The Pulse of Iran’s 2022 Uprising Captured in Powerful New Book

Chowra Makaremi’s upcoming book, “Woman! Life! Freedom!”, scheduled for paperback release offers a powerful and intimate chronicle of the 2022 revolutionary uprising in Iran. Drawing from her family history, field research, and deep anthropological insight, Makaremi reconstructs a moment when resistance, emotion, and fire engulfed Iranian streets under the rallying cry: “Zan! Zendegi! Azadi!” (Woman! …

Jasprit Bumrah Becomes First Asian to Claim 150 Test Wickets in SENA Countries

Jasprit Bumrah Becomes First Asian to Claim 150 Test Wickets in SENA Countries

India’s pace sensation Jasprit Bumrah has etched his name in cricket history by becoming the first Asian bowler to take 150 Test wickets in SENA countries (South Africa, England, New Zealand, and Australia). The milestone came during the ongoing Test against England at Headingley, where Bumrah bagged a five-wicket haul to further cement his stature …