India's Department of Expenditure may raise the EPF wage ceiling from Rs 15,000 to Rs 25,000, expanding coverage and potentially increasing EPS pensions by up to 67% for eligible employees, though in-hand salaries may decrease.
New research from George Mason University's Mercatus Center warns that delaying Social Security reform could negatively impact the bond market and the broader U.S. economy. With the Old-Age and Survivors Insurance trust fund projected to deplete in Q4 2032, inaction may lead to increased borrowing, higher interest rates, and a potential fiscal crisis.
The Jharkhand High Court raised a 55-year-old divorced woman's alimony from Rs 10 lakh to Rs 40 lakh, citing her medical needs, inflation, and the husband's railway retirement benefits.
Russian President Vladimir Putin has signed a law ratifying a treaty for closer allied cooperation with South Ossetia. Signed on May 9, 2026, the treaty aims to harmonize laws, boost investment, and unify infrastructure and systems between the two nations.
