Microfinance sector under stress as portfolio at risk doubles despite lending caps

Microfinance sector faces rising asset quality concerns despite capping borrowers to a maximum of three lenders. Portfolio at Risk (PaR) in the 31–180 day bucket rose significantly across banks and NBFC-MFIs. Consequently, the sector's loan book contracted, funding slowed, and NBFC-MFIs continue to dominate the microfinance market.

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'Will read Epstein accomplices names…': Marjorie Taylor Greene reveals plans to release client list

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Diwali cheer comes early for Indian middle class as Sitharaman announces GST 2.0

Diwali arrives early for the Indian middle class. The GST Council reduces tax slabs to 5% and 18%. Food, essentials, and durables become cheaper. Families save money on various products. Personal care items and smaller cars also see tax cuts. Health insurance becomes exempt from GST. The new rates are effective from September 22, 2025.

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ChatGPT is getting parental controls, announces OpenAI. What is it? What will be usage?

ChatGPT is set to get a new feature - parental controls, said the chatbot creator OpenAI. Parents will also receive notifications from ChatGPT.

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CBDT extends I-T exemption window for sovereign wealth, pension funds till 2030

The CBDT has extended income tax exemptions for sovereign wealth and pension funds investing in India's infrastructure until March 31, 2030. This move, formalized after an earlier announcement, aims to attract long-term global capital by exempting these funds from taxes on dividends, interest, and capital gains.

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AI is replacing jobs on Earth - Sam Altman, Jeff Bezos, and Elon Musk say the future of work is in Space

Future space careers​: Artificial Intelligence is reshaping the job market. A study shows AI impacts entry-level jobs. Tech billionaires like Sam Altman, Elon Musk, and Jeff Bezos envision space careers. Altman sees Gen Alpha exploring the solar system. Musk aims for Mars missions by 2028. Bezos imagines millions living and working in space. Space tourism and planet colonization are future industries.

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Government forms central teams to asses flood damages in Himachal Pradesh, Jammu & Kashmir, Punjab and Uttarakhand

In response to the devastating impact of heavy rainfall, floods, and landslides, the government has formed Inter-Ministerial Central Teams for Himachal Pradesh, Uttarakhand, Punjab, and Jammu and Kashmir to evaluate the damage and relief efforts.

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