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Prime Minister Narendra Modi on Saturday highlighted India’s startup growth and a Rs 1 lakh crore Innovation Fund. He said, "Bring your dreams, we will ensure there is no shortage of resources." The Startup India campaign helped create 2.5 lakh registered startups, which gave jobs to many people across the country.
The Karnataka government hiked pollution testing fees for vehicles starting August 15. Two-wheelers now pay Rs 80, while diesel vehicles cost Rs 200. The state said the rise covers higher operating costs like rent and electricity. Association president Yogesh said, "It is a long-pending revision" for all testing centre owners.
India-focused offshore equity funds and ETFs delivered returns up to 32.7% in Q1FY27, outperforming the MSCI India USD Index which fell by 12%. Taishin India led the list with a 32.7% return. Other top performers included Aditya BSL India, SBI Resurgent India, AsahiLife Neuberger, and Wasatch Emerging India Investor funds.
Many people assume a good salary is enough to get a credit card, but banks look at much more. A weak credit history, missed EMIs, or too many recent applications often lead to rejection. Simple errors like incorrect PAN details or incomplete KYC documents can also derail your approval process.
The Centre on Friday floated a fresh tender for a new six-lane bridge over the Teesta at Sevoke. This Rs 844 crore project aims to ease traffic pressure on the colonial-era Coronation Bridge. Darjeeling MP Raju Bista said, "I am so happy that the work will begin soon."
The Central Board of Direct Taxes launched a one-time scheme on 16 August for small taxpayers to declare undisclosed foreign assets until 31 December 2026. "The aggregate value of the undisclosed asset located outside India must not exceed ₹1 crore," said the notification. Paying 60% of the value ensures legal immunity.
A ₹5 lakh savings corpus can be the starting point of a well-thought-out investment journey. Sarvjeet Singh Virk said, “An investor’s approach to ₹5 lakh should evolve with age, financial goals and risk capacity.” You should use a mix of equities, gold, and fixed deposits based on your specific life stage.
Fenway Sports Group on Saturday announced that a consortium led by Amit Bhatia, including Jeff Bezos, bought a minority stake in Liverpool Football Club. FSG will keep majority control of the club. FSG president Mike Gordon said, "Their experience and perspective will complement the strong foundation already in place."
Tata Pension Management leads the NPS equity scheme with 15.46% returns since inception. Tata also got the top spot for one-year and three-year periods at 13.84% and 17.89%. Many other managers showed strong results across different timeframes. Experts said, "returns can vary substantially across pension fund managers depending on the investment."
A Reddit user’s resignation triggered a tense talk after they accepted a new job without telling their manager. The manager questioned why the employee kept the search private. When the company offered a late counteroffer, the manager said they could just hire someone else for less pay instead.
The Reserve Bank of India proposed a new three-month moving average method for calculating MCLR. These draft directions, set to take effect from April 1, 2027, aim to bring transparency to loan pricing. Banks must also ensure the reset period for floating-rate loans does not exceed three months for all borrowers.
India Inc welcomed Prime Minister Narendra Modi’s 80th Independence Day address on Saturday. Industry leaders said they look forward to working with the government to boost investment and manufacturing. Chandrajit Banerjee said, "His call for Atmanirbhar Bharat reflects our growing confidence to build a self-reliant, future-ready nation," supporting the vision.