December 12, 2025

Labour Ministry: PF Contributions Over ₹15,000 Wage Are Voluntary, No Take-Home Pay Cut

The Union Labour Ministry clarified that PF contributions beyond ₹15,000 wage limit are voluntary under new social security codes. It assured no reduction in take-home pay. Pension groups demand higher pensions for low earners.

December 12, 2025

ATO's $500,000 Outsourcing Cut Target Criticized as 'Woefully Inadequate'

The Australian Taxation Office aims to cut outsourcing by just $500,000 this year. Critics call this tiny reduction disappointing amid government calls to bring more work in-house and reduce contractor use.

December 12, 2025

Rupee Hits Record Low of 90.41 Against US Dollar on Trade Deal Concerns

The Indian rupee fell to an all-time low of 90.41 against the US dollar on December 12, 2025. Weak investor sentiment due to delays in the India-US trade deal and foreign fund outflows put pressure on the currency. Despite global factors, experts expect the rupee to stay weak for now.

December 12, 2025

IndiGo Appoints Aviation Expert Captain John Illson for Flight Disruption Review

IndiGo's board approved Captain John Illson of Chief Aviation Advisors LLC to conduct an independent review of recent flight disruptions. The expert will analyze causes and suggest improvements, delivering a detailed report soon.

December 12, 2025

Mercedes-Benz India to Raise Car Prices Up to 2% From January Due to Rupee Weakness

Mercedes-Benz India will increase vehicle prices by up to 2% starting January. The rise is due to the weakening rupee against the euro and higher costs. Despite strong local production, price changes are needed to manage inflation and supply chain pressures.