COMMISSION CHANGES
Pakistan's Punjab govt questions Hafiz Saeed-linked party's participation in NA by-poll
Pakistan's Punjab government expressed concerns about the involvement of Hafiz Saeed's political party in elections. The PML-N government criticized the PMML for contesting elections despite being declared a banned group. While the election saw PML-N's candidate secure a significant victory, PMML alleged rigging and violations. Additionally, members of the Punjab government previously associated with PMML have raised eyebrows. The situation highlights ongoing tensions between political entities and the state.
Who is Diana Taylor? At 84, billionaire and former New York City mayor Michael Bloomberg marries partner in intimate ceremony after 26 years together
Michael Bloomberg and Diana Taylor, who have been together for more than 25 years, recently got married. They exchanged vows at a private ceremony in New York City attended by their family members. Bloomberg's children were present during this occasion, and a lunch followed the wedding ceremony. Taylor, a business executive, has been a strong supporter of Bloomberg throughout his political career.
LIC expects limited impact from IRDAI's proposed commission cuts, cites lower expense ratio
Life Insurance Corporation of India is bracing for new changes set forth by the Insurance Regulatory and Development Authority of India. As it approaches an ownership transition, LIC is cutting its ties with IDBI Bank. The company is focused on fostering a varied distribution network while its executives express optimism about the effects of the reforms, which concentrate on reducing commissions and increasing policy affordability for consumers.
NCW chief Vijaya Rahatkar calls for mindset change, says laws alone cannot ensure women's safety
NCW Chairperson Vijaya Rahatkar has called for a fundamental shift in society's attitude towards women, saying they are expected to shoulder multiple responsibilities but continue to face discrimination and violence. She said laws have helped deter offences but cannot bring lasting change, flagging domestic violence, workplace harassment and rising cybercrimes.
NBFCs eye rate hikes, higher fees to offset insurance income hit
Non-bank lenders and housing finance companies are expected to raise lending rates in response to proposed regulatory changes. This adjustment aims to offset potential income losses from caps on insurance distribution. Companies such as Bajaj Housing Finance and Home First Finance are considering changing their product mix and increasing fees. The Insurance Regulatory and Development Authority of India has proposed stringent commission cuts on credit-linked insurance products.
Gas prices in the US are nearly half of Europe's: Why are American drivers paying so much less?
American motorists are currently paying much less for fuel compared to drivers in the European Union. The average petrol price in the EU is almost double that of the US, highlighting significant market differences. Higher taxation in Europe contributes to this price discrepancy, making it important for consumers to understand. Diesel costs also reflect a noticeable difference, though the gap is smaller than for petrol.
EU charges TikTok over harmful algorithmic 'rabbit hole' effects
EU tech regulators charged social media platform TikTok on Friday with breaching the bloc's online content rules due to the so-called "rabbit hole" effect of its recommender system, which attracts users' attention to a constant stream of
INDIA bloc aims to spread anarchy, bring Bangladesh-like regime change: Union Minister Sukanta Majumdar
Union Minister Sukanta Majumdar accused the INDIA bloc of attempting to undermine constitutional provisions regarding electoral rolls. He stated that allegations of irregularities in the Special Intensive Revision are unsubstantiated and misleading. Majumdar emphasised the historical context of numerous such revisions occurring under Congress rule. He highlighted that significant voter name deletions include shifts, duplicates, and deceased individuals.
Women must feel safe using cabs for worry-free career, NCW chief says: Report
The National Commission for Women has recommended strict safety measures for women using app-based cabs. These include driver background checks and emergency response systems to improve safety during rides. The growing presence of women in various sectors highlights the need for these guidelines. Rahatkar emphasises that safety concerns should not hinder women's professional growth in the workforce.
ECI restores DEC-level oversight of IT wing after 2 ECs raise concerns
The Election Commission of India issued a new work allocation order restoring oversight of the IT division. This change followed objections from two Election Commissioners regarding a prior order issued by senior Deputy Election Commissioner Maneesh Garg. Both Sukhbir Singh Sandhu and Vivek Joshi wrote to cabinet secretary TV Somanathan concerning Garg's unapproved directive.
Life Insurance Corp of India reports higher premium income in H1, net profit rises around 22%
Life Insurance Corporation of India reported a 21.52% increase in net profit for the first half of FY27. Total premium income rose by 11.64%, reaching Rs 2,74,269 crore during this period. Individual new business premium income increased by 14.86%, while renewal premium income grew by 4.68%. LIC sold approximately 70.97 lakh individual policies, reflecting a minor decrease from last year.
INDIA bloc intensifies protests against ECI-SIR, holds protests at Bengaluru
The INDIA bloc parties held a protest in Bengaluru against the Election Commission's Special Intensive Revision of electoral rolls. Chief Minister DK Shivakumar and other leaders demanded the resignation of Chief Election Commissioner Gyanesh Kumar. They alleged a lack of transparency in the electoral rolls revision process and expressed the need for justice for voters. District and block-level protests are planned to expand their campaign across Karnataka.
Election Commission announces Special Summary Revision of electoral rolls for multiple states
The Election Commission has launched the annual Special Summary Revision for multiple states and union territories. This initiative aims to enroll eligible citizens as of October 1, 2026, and prospective electors by January 1, 2027. Key dates for qualifying electors include April 1, July 1, and October 1 in 2027. Draft electoral rolls will be published on November 30, while the final version will be available by January 21, 2027.
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: FT
Softbank had agreed to buy ABB's robotics business in October last year, as CEO Masayoshi Son sought to establish SoftBank as a core player in the development of artificial intelligence.
How to link Aadhaar with Voter ID: Steps to apply online, through mobile app and check status. Is it mandatory?
Eligible voters can conveniently link their Aadhaar card to their Voter ID either online or via a mobile application. By filling out Form 6B, which includes essential information such as your Aadhaar and EPIC numbers, voters can then track their application status through the ECI portal. It's important to note that linking Aadhaar is voluntary; failure to do so will not affect one's voter registration status.
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: Report
China has informed Japanese investor SoftBank that it will block the $5.4 billion acquisition of ABB's robotics segment. This decision is driven by concerns about data transfer overseas for artificial intelligence training. SoftBank had hoped for approval after reaching an agreement last October. ABB's robotics business significantly relies on the Chinese market, contributing about 30% of its total operations.
Sindhu flags concerns over BWF's 25-second shot clock, says system set to be reviewed
P V Sindhu has highlighted her concerns about the Badminton World Federation's new shot clock regulation. She stated that players are still adapting after multiple tournaments, facing inconsistencies in umpire enforcement. At a recent event, the rigid application of the rules led to controversy and frustration among players and fans. Sindhu has communicated these challenges to BWF officials and expects a review of the policy.
8th Pay Commission news: Notified a year ago, 5 biggest 8th CPC developments since November 3, 2025
8th Pay Commission latest news: On November 3, 2025, the government announced the 8th Pay Commission’s Terms of Reference. The Commission is tasked with submitting its report within an 18-month deadline ending on May 3, 2027. An 18-question questionnaire was launched to gather inputs from stakeholders about various employment issues. Additionally, stakeholder consultations began in April 2026, with meetings held in multiple cities. Recommendations will influence future pay and pension adjustments for central government employees.
Explained: Why Sebi wants mutual fund investors to switch to direct plans
Sebi has directed mutual fund houses to make direct plans the default option on digital platforms. This change will take effect from November 1, when investors will see direct plans pre-selected for investment. Direct plans have lower expense ratios compared to regular plans, benefiting long-term investors through compounded returns. These changes aim to reduce conflicts of interest associated with higher commission payments in regular plans.
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