Business Rule Changes: Begining of the month of May, many business and trade-related rules changed. Perhaps no one could have imagined that this would happen. Right at the beginning of May, the government changed the rules for foreign investment as well as investment in LIC policies. Similarly, the prices of gold and silver dropped in one stroke. However, the price of the OnePlus phone has increased quite significantly in one leap. Let’s learn more details.
1. The government has given the green light for 100% foreign direct investment (FDI) in the insurance sector
The automatic route now facilitates foreign investment, although the limit for LIC will stay at 20%. On Saturday (May 2), the central government approved the full foreign investment in the insurance industry. This means foreign investors can now take complete ownership of Indian insurance firms through the automatic route, but the investment cap for LIC remains at 20%.
2. Rohit Jain has been appointed as the new Deputy Governor of the RBI
The Appointments Committee of the Cabinet (ACC) has selected Rohit Jain to serve as the new Deputy Governor of RBI. His term will last for three years, starting from May 3 or later. Jain will take over from the current Deputy Governor, T. Rabi Shankar, whose term concludes today.
Previously, Rohit Jain held the position of Executive Director (ED) at RBI since December 2020, where he was responsible for the Department of Supervision (Risk, Analytics, and Vulnerability Assessment).
3. This week saw a drop in gold and silver prices
Gold prices decreased by Rs 1,216, bringing the cost to Rs 1,50,263 per 10 grams. Last week, on April 25th, it was priced at Rs 1,51,479. Silver also saw a decline, falling from Rs 2,43,720 per kg to Rs 2,40,331, a reduction of Rs 3,389.
4. The price of the OnePlus 15 flagship smartphone has increased
OnePlus has raised the price of its flagship device, the OnePlus 15. The variant with 12GB RAM and 256GB storage will now be Rs 5,000 more expensive, while the 16GB RAM and 512GB storage model will see a price hike of Rs 6,000.
This price adjustment comes just about six months after the phone’s launch. The new pricing is now reflected on the company’s official website, Amazon, and in physical stores. The OnePlus 15 is notable for being the first smartphone in India to incorporate the DetailMax Image Engine, enhancing photo quality.
OnePlus 15 new price
The price of both variants of the OnePlus 15 has been increased. The 12GB RAM and 256GB storage variant, which was previously available for Rs 72,999, has now risen to Rs 77,999. The 16GB RAM and 512GB storage variant has seen its price increase from Rs 79,999 to Rs 85,999. This means both variants have been directly impacted by approximately Rs 5,000 to Rs 6,000. The OnePlus 15R has also received a price hike. It’s worth noting that its price was also increased in December 2025. The phone’s price was initially raised by Rs 2,500, and now it’s been hiked again. The 12GB + 256GB variant, which was priced at Rs 47,999 at launch, was initially priced at Rs 50,499, and now its new price is Rs 52,999.
5. PPF Investment
If you’re planning to start investing in your child’s name, consider investing in the Public Provident Fund (PPF) scheme. This scheme currently offers an annual interest rate of 7.1%. You can easily create a fund worth lakhs for your child by opening a PPF account in his or her name. However, there are some rules. We’ll explain those rules to you. To keep a PPF account active, it’s necessary to deposit at least Rs 500 each financial year. The maximum investment limit is Rs1.5 lakh. Failure to deposit this minimum amount renders your PPF account inactive.
You can deposit money into PPF at any time of the year, but if you want to earn higher interest, it’s best to make a lump sum investment between April 1st and April 5th. Furthermore, depositing money before the 5th of every month is considered a good idea, as interest is earned on the minimum amount deposited between the 5th and the end of the month.
