Category: Local Tools

India’s government plans to replace the Income Tax Act, 1961 with a new bill in Budget 2025, cutting nearly half the current law’s chapters and words for clarit

India’s UPI hits record October transactions with 25.47 billion payments, a 23% surge from last year, driven by festive shopping and routine expenses.

Jio Platforms Ltd. jumps to No. 2 in market cap debut after securing a 21.3% premium valuation at ₹12.5 lakh crore on the Bombay Stock Exchange.

Employer adoption is crucial for the success of collective defined contribution (CDC) pension plans, experts say, as interest grows but inertia persists.

Over 14,000 sign petition demanding civil service pensions be managed in-house, citing delays and outsourcing issues since 2025.

Millions face insufficient retirement income, with roughly 15 million people unlikely to achieve a sufficient retirement income period.

Pension surpluses present complex governance challenges for trustees as funding improves and market risks remain uncertain.

Government to issue new pension guidance to help trustees make informed decisions about fiduciary duty.

Experts warn AI pension advice may lead to costly errors, with risks like misinformation and irreversible financial mistakes growing as automation spreads.

Latin tech hubs in São Paulo, Mexico City and Santiago stay resilient, venture funding grew from 2016 to a $4.6 billion peak in 2019 despite COVID-19.