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Daily Archives: May 13, 2026

What Is the New 1% Cess Rule? Here’s What It Means for Workers

What Is the New 1% Cess Rule? Here’s What It Means for Workers

The Central Government has notified the 1% construction welfare cess to strengthen the benefits for construction worker across the country. This will be effective from May 1, 2026 and this move comes under the new labor codes which are notified by Ministry of Labour and Employment. Key Points About 1% Construction Welfare Cess The newly …

Prashant Pise Appointed India’s Ambassador to Oman

Prashant Pise Appointed India’s Ambassador to Oman

India has appointed senior diplomat Prashant Pise as Ambassador to the Sultanate of Oman. Prashant is an Indian Foreign Service (IFS) officer and currently serves as the Additional Secretary in the Ministry of External Affairs. Prashant Pise India’s Next Ambassador to Oman The Ministry of External Affairs (MEA) has announced the appointment of the Prashant …

India's PSBs Achieve Record Profit for Fourth Consecutive Year

India’s PSBs Achieve Record Profit for Fourth Consecutive Year

The public sector banks of India have achieved their strongest financial performance ever and reported a combined net profit of Rs 1.98 lakh crore in FY 2025-26. The Union Finance Ministry has announced that this marks the 4th consecutive year of profitability of public sector banks and showcases the strong growth by the Indian Public …

India Launches $1.5 Billion Bharat Maritime Insurance Pool for Shipping Sector

India Launches $1.5 Billion Bharat Maritime Insurance Pool for Shipping Sector

To strengthen the India’s shipping and trade ecosystem by launching the $1.5 billion Bharat Maritime Insurance Pool (BMI Pool). This initiative aims to reduce dependence on the foreign insurers and ensure the uninterrupted insurance coverage for the vessels. Key Highlights of Bharat Maritime Insurance Pool The newly launched Bharat Maritime Insurance Pool is designed to …