AMUL gave benefit of GST Reduction to Public

Amul has reduced prices of more than 700 product like butter, ghee, cheese, ice cream, paneer, bakery  items, chocolates, frozen snacks etc. The new rates are applicable from September 22, 2025. The price revision is due to recent reduction in GST rates.

Amul Butter (100g) has been reduced from Rs 62 to Rs 58, while the 500g pack now costs Rs 285 instead of Rs 305. 

Amul Ghee prices have been slashed , 1-litre ghee was of 650 which is reduced to Rs 610 and the 5-litre tin down by Rs 200 to Rs 3,075.

Amul Taaza Toned Milk (1L UHT) dropping from Rs 77 to Rs 75 and Amul Gold (1L UHT) from Rs 83 to Rs 80.

Date - 23/09/25 Information from Sources.

Nvidia to Invest in Open AI

चिपमेकर Nvidia ने AI कंपनी OpenAI में बड़ा निवेश करेगी. OpenAI में कंपनी 100 अरब डॉलर (लगभग 8820 अरब रुपये) का निवेश करेगी, जिसकी मदद से नए डेटा सेंटर और दूसरे आर्टिफिशियल इंटेलिजेंस इन्फ्रास्ट्रक्चर तैयार किए जाएंगे. AI की बढ़ती डिमांड को देखते हुए दोनों कंपनियों ने ये फैसला किया है. 

Information was got on this Monday.

Date - 23/09/25 Data from Sources.

EPFO IS IN PLAN TO INCREASE SALARY LIMIT TO ₹21000/-

Government can increase the salary limit for the retirement savings scheme of the Employees Provident Fund Organization (EPFO). The present limit is Rs 15,000. It is being considered to increase limit to Rs 21,000. Where total number of employees is more then 20, the employee and the employer have to contribute their respective shares to the retirement savings scheme of PF. According to the news of The Economic Times, a committee will also be formed to decide on the salary limit in near future.

12% of the basic salary of the employee goes to EPFO. Company / employer also puts the same amount in there PF account. However, out of 12 % of the company portion, 8.33 %  goes to the employee’s pension scheme and 3.67 % to the EPF.

So far changes in salary limit has been incorporated for 8 times. When the scheme was started in 1952, basis salary limit was Rs.500. After that in 1962 it was increased to Rs 1,000 then to Rs 1,600 in 1976, Rs 2,500 in 1985, Rs 3,500 in 1990, Rs 5,000 in 1994, Rs 6,500 in 2001 and Rs 15,000 in 2014. If this time the limit will be increased to Rs 21,000, then 75 lakh more employees will come under EPFO .Presently there are more than 6.8 crore employees registered under EPFO.

Date : 7/1/23 Information from Source.

Annapurna Finance on same path of Bandhan Bank

Bhubaneswar-based company Annapurna Finance has applied for the universal bank licence and set itself on the same path that Bandhan Bank took eight years ago.Reserve Bank of India (RBI) said Annapurna Finance is the only entity who had applied for a universal bank licence in last month ie. December through the on-tap licensing route.If it makes the cut then company will become second microfinance institution to receive a universal bank licence after Bandhan Bank in 2015. This, after Sachin Bansal-backed Chaitanya India Fin Credit fell short in 2022.The journey of Annapurna Finance began in 1990 as a society by the name of People’s Forum. Promoted by Gobinda Chandhra Pattnaik, the forum began operations in the Khurda district of Odisha with an aim to help self-help groups and promote socioeconomic development of surrounding area.

Broadly company is engaged in microfinance lending to women borrowers under self-help groups, joint-liability groups, individual loans, housing loans and MSME loans.Annapurna Finance has strong capitalisation, long track record of the promoters in the microfinance industry and diversified resource profile lend comfort as far as the ability of the company to repay loans is concerned, says credit rating agency CareEdge. In fact, CareEdge has reaffirmed its ‘CARE A’ rating on the company’s Rs 1,312 crore long-term facility and ‘Stable Outlook’, according to a press release dated December 28.

Date :7/1/23  Information from Sources

4 PSU BANKS TO BE PRIVATIZED TILL YEAR END

Recently PMO had also written letter to the Ministry of Finance for acceleration the process of privatization.In order to raise funds and improve the financial health of the state-owned banks,the government aimed to keep stakes in only five PSU banks, and privatize the rest of them.

Indian government has drawn a list of four PSU banks namely, Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank , which directly or indirectly holds majority stakes and wants to dis-invest equity.

The story of bank mergers and acquisitions is quite old. In recent years, the Indian banking system has seen many mergers and acquisitions. In March 2020, the Union Cabinet had approved the merger of 10 public sector banks into four, paving the way for the largest consolidation among state-owned lenders. 

1) Punjab National Bank took over the Oriental bank of Commerce and the United Bank.
2) Canara Bank took over Syndicate Bank.
3) Union Bank of India took over Andhra Bank and Corporation Bank. 
4) Indian Bank was to be merged with Allahabad Bank.
5) Bank of Baroda got merged with Vijaya Bank and Dena Bank. - 2018
6) State Bank Of India got merged with five associate banks and Bhartiya Mahila Bank. -2017

Date : 16/9/2020 Information: By Sources

SBI ANNOUNCED CUT IN MCLR ON 7TH MAY 2020

State Bank Of India ( SBI ) countries largest lender announce reduction in Margin Cost of fund based Lending Rate (MCLR ) on 7th May 2020. MCLR will be reduced by 15 basis points. One year MCLR will come down to 7.25% from 7.40 % which is effective from 10th May 2020.

With the cut in MCLR Emi of Home loan will be cheaper. MCLR is totally based on bank own cost of fund. If MCLR is linked to home loan it will not bring down your EMI's immediately as MCLR based loan typically have one year resting clause.

SBI has also cut interest rate on retail term deposits by 20 basic points for tenure upto 3 years, effective from 12th May 2020. This is the third cut in FD rate in two months. For senior citizen it has introduced " SBI Wecar Deposit "Under this 30 basic point premium will be paid on retail senior citizen deposits. This scheme is in effect till 30 Sep 2020.

Date :7/5/20  Information from Sources

J. CREW FILES FOR BANKRUPTCY PROTECTION ON MONDAY 4TH MAY 2020

J. CREW Group filed for bankruptcy protection on 4th May 2020 during period of COVID - 19.It is New York based retail cloth chain. It is known for Preppy Clothing. Apparels were worn by Michelle Obama at time of Obama when President of USA. 

Bankruptcy was filed in Virginia Federal Court with approximate $2 billion total debt.

J. Crew has about 13000 employees before April 2020. It is the first High - Profile retailer to seek protection since the spread of corona virus spread across the world. 

Date : 5/5/20  Information from Sources

RBI MAY EXTEND MORATORIUM PERIOD BY ANOTHER 3 MONTHS

By declaring 3.0 lock-down till May 17 by Government of India, Certain relaxation are given on category bases of Red , Orange and Green Zone. Moratorium period is near to end hence RBI is thinking on extending another 3 months period.

The repayment of the loan will be started once moratorium period ends after 3 months. If  RBI consider proposal and give second moratorium period for 3 months it will help people and industries impacted by present situation of Covid-19 in lock-down.

Suggestion for the same came from many PSU and Private sector bank.

Date :5/5/20 Information from Sources.  

THE CKP CO.- OP. BANK LICENCE CANCELLED BY RBI

The CKP Co-Operative Bank's Licence was cancelled by RBI in ongoing lock-down. Depositors are entitled upto Rs 5 lakh post liquidation.

Presently there are approximately 1.25 lakhs Account holders and Approximately 0.11 lakhs Depositors and Investors. The total Net worth is around Rs 230 Cr. Total cumulative amount under Fixed deposit is around Rs 480 Cr.

In 2014 after first Stroke bank Board has tried to improve the financial condition. On March 31,2020 RBI extended permit for another 2 months. But due to some issue on 2nd May 2020 RBI cancelled the Licence.

Date : 3/5/20  Information by Sources. 

CRUDE OIL PRICE AT 1999 LOWS WITH CHANGING MARKET TREND

Oil prices reduced again on Wednesday with Brent falling to the lowest price since 1999. Brent crude ,which fell 24% in the previous session, touched $15.98 per barrel, its lowest since June 1999.

Oil prices have slumped by around 80% this year Covid-19 pandemic which spread across the world. It has killed nearly 180,000 people. routing financial markets and leading to potentially the worst economic meltdown since 1930s slowdown.

The viral outbreak has dropped fuel demand nearly to 30% worldwide and energy companies in the United States, the world's biggest producer, are scrambling to find storage for excess oil.

Date: 22/4/20 Information by Sources.

INDIA IS 17TH COUNTRY WHICH HAS MORE THEN 20000 COVID-19 PATIENTS & 600+ DEATH

India became 17th nation to cross 20,000 Covid-19 patients mark on 21/4/20.Death toll crosses 600+.

Gujarat emerged as 2nd Covid Hot sport after Maharashtra, Crosses 2000 mark in number of cases and overtook Delhi To claim 2 most infected state in India.

With continuously increasing no of cases,  Ahmedabad is leading in the state with more than 1300 cases.

Date: 22/4/20 Information by Sources

HDFC LTD CUTS INTEREST RATE BY 15 BASIC POINTS

HDFC LTD on Tuesday slashed its lending rate by 15 basis points.This move comes after a few market lenders, including the country's biggest lender SBI has reduced their lending rate.

"HDFC  reduces its  Retail Prime Lending Rate (RPLR) on housing loans, on which its  Adjustable  Rate Home Loans (ARHL) are bench marked, by 15 basis points (bps), with effect from April 22, 2020," the company said in a statement.

New  rates will now range between 8.05-8.85 per cent. The RBI last month cut the policy rate by 75 basis points to spur growth amid the COVID-19 crisis.

Date: 21/4/20  Information by : Sources

CORONAVIRUS IMPACT : SALARY CUT AIR ASIA INDIA / SOURCES

Air Asia India has declared salary cut of its pilot and all other employees.

Sources confirmed that air lines had implemented salary cut of 13 % for Captain and 7% for First Officers.As per Governments direction company has suspended all flights till May 03.

Employees earning Rs 50000 / month or less have escaped the salary cut. Similarly all other companies in aviation industries are thinking for similar steps to conserve cash flow. Apart from laying off expat pilots, airlines have either cut pays or have sent employees on leave without pay.

Date:21/4/20  By:Sources

CORONAVIRUS IMPACT: INFOSYS SUSPENDED PROMOTION & SALARY HIKE

Countries 2nd largest IT firm Infosys has suspended promotion and salary Hike in view of the ongoing Covid-19 pandemic that has claimed over 500 lives in Pan India.The firm said that it will honor all new job offers.

Infosys has reported 6.3% rise in Net Profit in Q4 to Rs 4335 crore for March 2020.

Infosys CEO and MD Salil Parekh said our team has achieved around 93 % remote working and ensuring consistent service delivery to their clients in present situation. 

Infosys COO Pravin Rao said the impact caused by Covid-19 since last few weeks of March has led to significant displacement in the operating modal while severely testing future business continuity plan of companies. 

Date: 21/4/20.