LIC Jeevan Pragati Plan: Today we are going to tell you about a very wonderful scheme of LIC, where you can collect a fund of Rs 28 lakh by saving Rs 200. The name of this scheme of LIC is Jeevan Pragati Plan.
LIC Jeevan Pragati Plan: Today, there is a lot of turmoil in global politics. This is having a direct impact on the stock market. In such a situation, investing in the stock market and mutual funds is very risky. Apart from this, the pace of inflation is also increasing rapidly.
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If you have savings and you want to invest it in a place where there is no risk of market risks, then we are going to tell you about a very great scheme of LIC, where you can save Rs 200 and collect a big fund of Rs 28 lakh. The name of this scheme of LIC is Jeevan Pragati Plan. Many people in the country are investing in this scheme. In this episode, let us know about LIC’s Jeevan Pragati Plan in detail –
People between the ages of 12 and 45 can invest
You get many great benefits by investing in LIC’s Jeevan Pragati Plan.
Investment can be made in Jeevan Pragati Plan at a minimum age of 12 years.
The maximum age has been fixed at 45 years.
By investing in this scheme, you get lifetime security along with good returns.
In this scheme, the risk cover of investors increases every five years.
How can you collect Rs 28 lakh?
If we look at the calculation, if after opening your account in this scheme, you save Rs 200 daily and invest Rs 6,000 every month in this scheme, then in a year you will deposit Rs 72,000.
In this scheme you will have to deposit Rs 72 thousand every year for 20 years.
In this case, you will be able to deposit a total of Rs 14,40,000.
If we add all the benefits of Jeevan Pragati Plan then this amount will be Rs 28 lakh.
Payment of Premium
The minimum term of LIC Jeevan Pragati Plan is 12 years and maximum 20 years.
In this scheme you can pay the premium on quarterly, half-yearly and yearly basis.
Indian stock market fell more than 1 per cent on Monday amid mixed global and local cues, including strong US employment data suggesting fewer rate cuts in 2025.
Among other factors that led to the market tumbling were rising crude oil prices, weakening rupee and massive foreign capital outflows which dragged the market, resulting in a loss of around Rs 12 lakh crore for investors.
Heavy selling was seen in realty PSU banks, metal, auto and pharma sectors. Realty sector ended in red with a decline of more than 6 per cent.
Sensex ended at 76,330.01, down by 1,048.90 points, or 1.36 per cent, and Nifty settled at 23,085.95, down by 345.55 points or 1.47 per cent.
According to experts, the global markets witnessed a significant sell-off, prompting a similar response in domestic markets due to strong US payroll data suggesting fewer rate cuts in 2025. This has strengthened the dollar, driven up bond yields, and made emerging markets less attractive.
IANS
Rupak De of LKP Securities said, “Bears remained at the helm as the Nifty continued to breach crucial levels. The index slipped below its previous swing low on the daily chart, indicating increasing bearishness.”
“However, it held the 23,000 mark, which remains a key level to watch. If the Nifty sustains above 23,000 over the next few days, it could signal a potential recovery. Conversely, a decisive fall below this level might trigger a deeper correction,” he added.
Nifty Bank ended at 48,041.25, down by 692.90 points, or 1.42 per cent. The Nifty Midcap 100 index closed at 52,390.4 after dropping 2,195.35 points, or 4.02 per cent, while the Nifty Smallcap 100 index closed at 16,922.10 after declining 723.45 points, or 4.10 per cent.
In the Sensex pack, Zomato, Power Grid, Tata Steel, NTPC, Tata Motors, Tech Mahindra, M&M, Asian Paints, Sun Pharma, Tech Mahindra, L&T, SBI, Bajaj Finance, HDFC Bank and ICICI Bank were the top losers. Whereas, Axis Bank, TCS, IndusInd Bank and Hindustan Unilever Limited were among the top gainers.
The FIIs remained net seller on sixth consecutive day, as they sold equities worth Rs 2,254.68 crore on January 10, on the other hand domestic institutional bought equities worth Rs 3,961.92 crore on the same day.
India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday.
The ASEAN region and especially India, are among the greatest beneficiaries of production shifts spurred by geopolitics, such as trade tensions between the US and China.
“We project 6.4 per cent CAGR in India’s total trade through 2033, to $1.8 trillion annually, roughly in line with its high GDP growth,” according to the report by Boston Consulting Group (BCG).
As the world increasingly pivots toward resilient and diversified supply chains, India’s ‘China+1’ strategy, backed by its large domestic market, skilled workforce, and forward-looking policies, positions it as a preferred global manufacturing hub.
“Strengthening partnerships with the US, EU, and emerging regions like Africa and ASEAN will be pivotal for India to capitalise on this momentum and drive inclusive, sustainable growth in global trade,” said Nishant Gupta, Managing Director Partner, BCG India.
IANS
India is emerging as the other big Global South trade story as it pursues favourable relations with most of the world’s major economies.
Among the drivers will be India’s growing popularity as a production base for companies seeking to diversify supply chains concentrated in China, hefty government incentives for manufacturing, a huge low-cost workforce, and rapidly improving infrastructure, said the report.
The analysis by BCG’s Center for Geopolitics estimates that global trade is set to top $29 trillion by 2033, but the routes these goods will travel is changing at a remarkable pace. The Global South, which accounts for around 30 per cent of global trade, is likely to see several major shifts over the coming decade.
Geopolitical rivalries, alliances, and aspirations are rewiring the global economy — and will continue to do so in the years ahead, accelerated by the imposition of tariffs by the US on foreign imports, the report mentioned.
Without a broad increase in tariffs, world trade in goods will keep growing at an average of 2.9 per cent annually for the next eight years, but the routes goods travel will change markedly as North America reduces its dependence on China and China builds up its links with the Global South, which is cementing its power in the global trade map.
“Trade lanes were already shifting from historical patterns and looming US tariffs will accelerate this. Navigating these new dynamics will be critical for any global business,” said Aparna Bharadwaj, managing director and partner at BCG, global leader of the Global Advantage practice.
In terms of product categories imported by the US, the greatest impact would be on imported auto parts and automotive vehicles, which would primarily affect trade with Mexico, the EU, and Japan.
Consumer electronics, electrical machinery, and fashion goods would be most affected by higher tariffs on Chinese goods.
“We estimate that a 60 per cent tariff rate would add $61 billion to cost of importing consumer electronics products from China into the US,” said the report.
If you live in India , it is necessary to pay tax. Whether you earn from business or job, if you have tax liability, you have to pay it. Paying tax not only increases national revenue, but many benefits are also provided to taxpayers by the government.
At the same time, there is a provision of financial penalty, penalty, interest recovery and even legal action for tax evasion or non-payment. Taxpayers in India get the option to choose between two income tax regimes. Old tax regime and new tax regime. Each system has its own rules and tax slabs, so that a person can choose the best option according to his financial circumstances. Let us know what action can be taken against you if you do not pay tax.
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This action can be taken for not paying tax
Penalty for late filing (Section 234F): Failure to file income tax returns by the due date attracts a penalty. If your total income is more than ₹5 lakh, the penalty is ₹5,000. For income up to ₹5 lakh, the penalty is ₹1,000. Section 234A Interest is charged at the rate of 1% per month for delay in filing returns.
Notice from Income Tax Department (Section 156): The Income Tax Department can issue demand notices under Section 156, requiring payment of dues within a specified time limit. Ignoring these notices can lead to legal action.
Penalties for tax evasion (Sections 270A, 276CC): Tax evasion, whether intentional or unintentional, attracts severe penalties. Misrepresentation of income attracts a penalty ranging from 50% to 200% of the underreported tax under Section 270A.
Property Seizure: In case of repeated non-compliance of income tax notices, the income tax department can seize assets such as property and vehicles to recover the outstanding amount.
Financial reputation and travel ban: Not paying taxes can negatively impact your credit score and make it difficult to obtain loans or credit in the future. In severe cases, the Ministry of Foreign Affairs may revoke passport issuance, restricting international travel.
Trial and Imprisonment: In significant cases of tax evasion, a court trial is possible, which can result in imprisonment for anywhere from three months to seven years, along with hefty fines.
The credit metrics of rated Indian corporates are expected to improve in the next financial year (April 2025-March 2026) driven by wider EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins, despite high capex intensity, according to the latest Fitch report.
Fitch in its report ‘India Corporates Credit Trends: January 2025’ said improving leverage will help most corporates maintain adequate rating headroom.
“We expect India’s steady GDP growth outlook, the banking sector’s improved financial health and likely interest-rate cuts in 2025 to support overall credit access for corporates in FY26,” the report states.
There is a widespread expectation that the Reserve Bank of India would cut interest rates in 2025 after it eased liquidity by lowering the cash reserve ratio (CRR) by 50 basis points in its policy review meeting last month.
Fitch also expects India’s GDP growth of 6.5 per cent and robust infrastructure spending “to underpin healthy demand for cement, electricity, petroleum products, steel, and engineering and construction (E&C) companies during FY26.
IANS
Sales will decline in low-single digits for the oil and gas production and oil marketing companies (OMCs) as lower prices counterbalance a low-to-mid single-digit volume growth, the report states.
Fitch expects aggregate sales growth for Fitch-rated corporates to remain limited to 1-2 per cent in FY26 (FY25 forecast: 1.5 per cent), mainly reflecting the impact of lower prices on oil and gas upstream, and refining and marketing companies, while other sectors will see varying growth.
It expects only mid-single-digit sales growth for IT service companies, as customers in key overseas markets limit discretionary spending in light of slow economic growth prospects.
Auto suppliers’ sales growth will moderate to mid-single digits amid slower volume growth in the domestic market and lower exports.
Demand recovery in the travel and tourism industry will continue, albeit at a moderate pace. Global oversupply will continue to weigh on prices for chemical companies.
Revenue growth for telecom companies will be supported by tariff increases while that for the pharmaceutical sector will remain aided by its non-discretionary nature and favourable sector trends, Fitch added.
However, downside risks could materialise if energy prices rise significantly given ongoing geopolitical risks, a sustained downward pressure on the Indian rupee or adverse trade protectionist measures dampening exports, the report added.
Paytm: During the grand Mahakumbh fair going on in Prayagraj, Paytm has launched a new soundbox and QR code system to make digital payments easier. Paytm has said that it has launched ‘Grand Mahakumbh QR’ during the Mahakumbh, which will facilitate traders and devotees in making payments. Now apart from UPI and UPI Lite, payments can also be made through credit card and RuPay card.
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Paytm has provided soundboxes and card machines at the Maha Kumbh Mela, which can be used to pay for parking, food and other facilities. Also, devotees can now link their RuPay credit card to the Paytm app and make payments directly through the phone.
All the companies are participating in Maha Kumbh with great enthusiasm
A company spokesperson said, “Mahakumbh is a wonderful event that brings together millions of people connected by faith and devotion. The support we have received from the merchants and people of the city for adopting digital payments inspires us to be a part of this event.”
Along with Paytm, other startups and tech platforms are also trying to benefit from their participation in this Maha Kumbh Mela event. At the same time, innovations related to travel and spiritual apps are trying to provide a better experience to the devotees.
Beginning of Maha Kumbha
The Maha Kumbh Mela in Prayagraj has started today. The first bath of the Maha Kumbh was taken on January 13 on Paush Purnima. People from the country and abroad reached the Triveni Sangam for the royal bath. More than 450 million people are expected to attend this 45-day long Maha Yojna.
Indian stock market opens higher, HCLTech shares tank 9 pcIANS
The domestic benchmark indices opened higher on Tuesday as HCLTech’s stock tanked 9 per cent in early trade after posting Q3 results that left brokerages unimpressed.
Brokerage firm Nuvama has downgraded HCLTech to “hold” from its earlier rating of “buy”.
NSE Nifty 50 and BSE Sensex opened higher. As of 9:16 a.m., the Nifty 50 was 113.60 points or 0.49 per cent higher at 23,199.55, and the Sensex was 370.21 points or 0.49 per cent higher at 76,700.22.
According to market experts, the constant refrain from many saner voices that the broader market is overpriced and may correct sharply is now playing out.
Reversion to mean valuations are happening in large caps, too. Strengthening dollar, 10-year US bond yields rising to above 4.7 per cent, uncertainty regarding Donald Trump’s actions after January 20 — all have combined to cause this market correction, they noted.
The Nifty tumbled 1.5 per cent on Monday, falling for the fourth straight day and for the sixth session in seven.
Market is a bit oversold and this favours a bounce back in the near-termIANS
“Technically speaking, the 22,830-23,000 area is notable support from here, with some near-term time cycles coming together in the January 17-23 window,” said Akshay Chinchalkar, Head of Research at Axis Securities.
It appears that the market is a bit oversold and this favours a bounce back in the near-term.
“But that trend, if it plays out, is unlikely to sustain. There is more pain likely in mid and small caps. The sensible option for retail investors is to buy beaten down quality large-caps and wait patiently,” said experts.
The foreign institutional investors (FIIs) sold equities worth Rs 4,892.84 crore on January 13 and on the other hand, domestic institutional investors bought equities worth Rs 8,066 crore on the same day.
“Given the prevailing volatility, traders are advised to exercise caution, implement strict stop-loss measures, and avoid carrying long positions overnight to manage risk effectively,” said Hardik Matalia from Choice Broking.
9th January 2025: On December 14, 2024, Lectrix, the e-mobility arm of the SAR Group, wrote history by achieving a monumental feat: delivering 114,985 meals in just 8 hours using a fleet of Lectrix electric vehicles, including their latest scooter model, NDuro. This groundbreaking initiative, titled “1 Lakh Meals on Lectrix Wheels,” was not just about numbers—it was a testament to the power of sustainable action to solve pressing global challenges.
In collaboration with social purpose organizations including Navodyam (an SDMC Trust initiative), the Robin Hood Army, and The Akshay Patra Foundation, Lectrix showcased how technology and sustainability can work together to solve real-world social problems. This event earned a prestigious place in the Asia Book of Records and India Book of Records for the most meals delivered via electric vehicles in 8 hours.
From 10 AM to 6 PM, the capital city witnessed an extraordinary operation powered by Lectrix’s vehicles. Speaking about the initiative, Pritesh Talwar, President of EV Business, Lectrix, shared: “At Lectrix, we believe innovation should not only drive progress but also serve humanity and the planet. This initiative was about more than breaking records; it was about demonstrating how green technology can create meaningful change. By delivering over 1 Lakh meals using electric vehicles, we proved that sustainability isn’t just a goal—it’s the future. We tested how, in the future, we could roll out EVs in a pandemic or emergency scenario and reach more than a lakh people in just a few hours in a sustainable way. We invite the world to join us in embracing this vision for a greener and more equitable tomorrow.”
The operation began at Akshay Patra’s four kitchens, where thousands of meals were prepared and dispatched to 11 strategically identified hubs across Delhi. From these hubs, hundreds of Lectrix scooters, including NDuro, our recently launched electric scooter and e-loaders, sprang into action, delivering nutritious meals to 106 communities across the city. With NDuro’s 42 litres of boot space, the electric scooter was able to carry a substantial load of meals while maintaining an impressive speed and range. Nduro’s ample storage capacity proved crucial to the success of this initiative. Additionally, 500 volunteers, including Lectrix team members and the Robin Hood Army’s Robins, executed this massive operation seamlessly.
Lectrix’s initiative goes beyond numbers. It is a bold statement of the company’s vision to lead the electric mobility industry by example. By seamlessly blending cutting-edge technology with social purpose, Lectrix has redefined what’s possible in the E2W space. Through this initiative, Lectrix has firmly positioned itself as not just a player in the EV market but as a leader that can drive real change.
The campaign served as a call to action for industries, governments, and communities to embrace sustainable solutions that address pressing global challenges. Lectrix’s successful operation is proof that sustainable, electric mobility can be a key player in solving not just urban challenges but also global crises.
US H1B Visa Fees For Indians: H-1B visa is a special type of work visa that allows foreign professionals to work in the US. There are various types of fees for this, most of which usually falls on the shoulders of the employer (company). Indians have a significant share in the H-1B visa category.
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Skilled foreign workers, including Indians, need H-1B visas to work in specialty occupations in the US, which are sponsored by the company. This visa attracts a hefty fee which varies depending on the type of petition being filed and the status of the employer (company). Indians account for a significant share of the visa holders.
According to a report by HT, tech companies from India have secured a fifth of all H-1B visas issued by the US. The report quoted PTI as saying that out of a total of 1.3 lakh H-1B visas in the period April-September 2024, 24,766 were issued to companies of Indian origin. After all, how much fee is charged for H-1B visa, let’s know-
Fees for H-1B visa
According to a report , the H-1B visa application fee includes registration fee, filing fee, employer surcharge, premium processing fee (which is optional).
Registration fee: To be a part of the H-1B lottery, applicants have to pay a registration fee of $10. This fee has remained the same since 2024. This fee is usually paid in March each year.
Filing fee: Companies are required to pay a base filing fee of $460 for all H-1B petitions. In addition, an anti-fraud fee of $500 is mandatory for all initial and employer change petitions to prevent fraud and abuse in the H-1B visa program.
Employer surcharge: Companies that have more than 50 employees, half of whom have H-1B or L-1 visas, are required to pay a $4,000 fee under the Consolidated Appropriations Act of 2026. This surcharge will be effective until September 30, 2025.
Employers who want to hire foreign workers quickly have to pay this fee too
Premium Processing Fee (Optional): For time-sensitive industries, there is also a premium processing fee, which is optional. Employers who are in a hurry to hire a foreign worker can choose to have their H-1B applications processed in just 15 calendar days by paying a premium processing fee of $2,805.
Who pays what?
The majority of the financial burden of the H-1B visa application process usually falls on the employer’s shoulders. The additional $4,000 fee paid by the employer is also entirely borne by the employer. However, there are specific rules through which fees related to visa stamping and interview can be passed on to employees.
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9th January 2025 Bangalore | Hosur, India SNAM Abrasives Pvt. Ltd., an industry leader in the manufacturing of silicon carbide grains (SiC) with over four decades of expertise, is proud to announce the launch of its latest innovation: SNAM High Purity Silicon Carbide (HP SiC), with up to 4N SiC purity (99.99%). Designed to meet the stringent requirements of cutting-edge applications, this new product underscores SNAM Abrasives’ commitment to delivering excellence and staying ahead in the ever-evolving industrial landscape.
High purity silicon carbide offers significant advantages for industries requiring superior material properties, including increased thermal conductivity, electrical performance, and mechanical strength. Its potential applications span a wide range of industries, including semiconductors, renewable energy, aerospace, EVs and advanced ceramics. With this new product, SNAM Abrasives positions itself as a trusted supplier for industries demanding the highest quality materials for innovative solutions.
With over 40 years of expertise in silicon carbide production, SNAM Abrasives has been a trusted name in the abrasive and refractory sectors. This new offering marks a significant milestone in the company’s journey toward innovation and customer-centric solutions. By leveraging advanced manufacturing processes and state-of-the-art R&D facilities, SNAM ensures that its high purity silicon carbide meets the exacting standards required by modern industries.
Speaking about the new product launch, Mr. D. Muralidhar, Director at SNAM Group of Companies, shared: “At SNAM Abrasives, innovation is at the heart of everything we do. The launch of our high purity silicon carbide product line is a testament to our unwavering commitment to providing our customers with the best possible materials for their needs. With its exceptional properties and diverse applications, we believe this product will play a pivotal role in advancing technologies across multiple industries.”
SNAM’s high purity silicon carbide 4N HP-SiC, SNAM Amala® is now available for global supply. SNAM’s 5N high purity SiC will be available soon as trials for 5N are in the final stages. The company invites inquiries from potential partners and customers seeking high-performance materials to enhance their product offerings.
