Here's a rundown of 11 significant news stories to keep you in the know:

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Onion price surge sparks political battle ahead of assembly and Lok Sabha elections

In an attempt to curb exports and maintain sufficient availability of onions in the domestic market, the government this weekend imposed a $800 per metric tonne minimum export price. However, the rising prices of the kitchen staple have turned political in the lead-up to the 2024 Lok Sabha election and Madhya Pradesh assembly election this year.

In an interview with ANI, a buyer in Mumbai complained that the prices of onions have increased "so high." While the rate used to be ₹80 per kg, it may soon become over ₹150, he said and urged the government to decrease prices.

NPS new rule: 'Penny drop' verification now mandatory for fund withdrawal

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new 'penny drop' verification process to make it easier for subscribers of the National Pension System (NPS) to access their funds. This move is aimed at ensuring the smooth and timely transfer of money.

Well, it's a way for Central Recordkeeping Agencies (CRAs) to check the status of your savings bank account. They confirm that your bank account's name matches the name in your Permanent Retirement Account Number (PRAN) or the documents you've submitted. This new rule applies to NPS, Atal Pension Yojana (APY), and NPS Lite for various situations, including withdrawals, modifications to your bank account details, and more.

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