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In India, PAN is mandatory for any gold purchase transaction valued at ₹2 lakh or more, regardless of the payment method. For cash transactions, the limit is strictly capped at ₹2 lakh per day, per person, or per transaction related to a single event.
The Reserve Bank of India reduces the repo rate by 25 basis points, leading Punjab National Bank to cut its RLLR from 8.35% to 8.10%. This lowers home loan EMIs for borrowers across lenders, with the effective change aligning RLLR-linked mortgages to the central bank’s latest policy stance and influencing monthly repayment costs.
An Indian software engineer in Germany, Kaustav Banerjee, shared his experiences comparing work cultures in India and Europe. In an Instagram post titled “The difference in work culture,” he reflected on his transition from his first job in India to his current professional life in Germany.
The India Russia summit event marks a renewed bilateral partnership, with Putin’s visit expected to yield agreements across security, energy, trade, technology, and labour mobility, as both nations seek to strengthen cooperation and mutual interests.
Gold prices in India skyrocketed ₹8,999 per 10 grams over 15 days, climbing from ₹1,22,351 on Nov 18 to ₹1,31,350 on Dec 3, 2025, driven by safe-haven buying amid global uncertainties, anticipated US Fed rate cuts weakening the dollar, and surging central bank purchases. The ₹1.5 lakh milestone could arrive in 2026 with fresh catalysts, though short-term volatility looms.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) will convene from Wednesday, December 3 to 5, 2025, to discuss prominent economic issues, including the repo rate, liquidity trends, and inflation forecasts.
India is finalising a passenger-friendly reform that will allow flyers to recover up to 80% of ticket cost even if they cancel just 4 hours before departure. A small insurance component (around ₹50 per ticket) will be automatically included at no extra cost to passengers, with airlines absorbing the premium through tie-ups with insurers. Currently, cancellations within 3 hours result in total forf
India has reopened tourist visa services for Chinese nationals at its embassies and consulates worldwide, a move seen as another calibrated step toward repairing ties after years of tension along the Line of Actual Control
IBM India has announced plans to expand its operations in Coimbatore, reinforcing the city’s status as an emerging technology hub. The company will open a new facility that is expected to create around 600 jobs. This move highlights Coimbatore’s growing appeal to global IT companies, driven by its strong talent base and supportive economic ecosystem.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced on Monday that India has finalized a significant new agreement to import liquefied petroleum gas (LPG) from the United States as part of its strategy to strengthen the country’s energy security. He noted that India has been steadily expanding and diversifying its LPG supply sources.
