December 17, 2025

Karnataka High Court Cuts Interest on Delayed Leave Encashment for NWKRTC Retirees to 6%

The Karnataka High Court has ordered NWKRTC to pay 6% interest on delayed leave encashment to retired employees. The decision comes as public transport corporations face financial losses due to pandemic impact and government policies.

December 17, 2025

Rajya Sabha Approves 100% FDI in Insurance Through Sabka Bima Sabki Raksha Bill

Rajya Sabha passed the Sabka Bima Sabki Raksha Bill, allowing 100% FDI in insurance. The Repealing and Amending Bill that removes 71 old laws was also cleared. Finance Minister Nirmala Sitharaman said the move will boost foreign investment and lower premiums.

December 17, 2025

EU to Decide on Using €210bn Frozen Russian Assets to Fund Ukraine

EU leaders meet Thursday to decide if they will use €210bn Russian frozen assets to fund Ukraine. The plan includes a €90bn loan, repayable if Russia pays reparations. Belgium opposes, fearing legal risks. Ukraine urgently needs funds to avoid bankruptcy amid stalled US aid and economic pressure.

December 17, 2025

UAE Overhauls Corporate Tax, VAT, and Company Laws to Boost Business Ease

UAE introduces fresh rules on corporate tax, VAT, and company laws to simplify business, clear tax confusion, and allow flexible company setups. Key changes include clearer tax credit use, simpler VAT claims, and new non-profit company options.

December 17, 2025

Yubi Launches First Digital Mortgage Platform in UAE, Simplifying Home Loans

Yubi Group has introduced Yubi Mortgage, a tech-driven platform that connects buyers to 25+ lenders in the UAE. It offers one digital application, AI-powered processing, and real-time tracking to streamline home loans.