The Reserve Bank of India (RBI) will announce its December 2024 Monetary Policy this week, and there is much speculation about possible changes to the repo rate and other measures. Experts think the RBI will likely keep the interest rate unchanged and may lower its growth forecast due to weak GDP numbers from the second …
Mutual funds offer a highly effective way to grow wealth over the long term. With expert fund management and diversification, they serve as an accessible option for individuals looking to build substantial wealth. The Indian mutual fund industry is experiencing impressive growth, with assets under management (AUM) more than doubling in five years, rising from …
The Ayushman Bharat Scheme, or Pradhan Mantri Jan Arogya Yojana (PMJAY) has achieved a significant milestone within just 11 days of its recent expansion to include individuals aged 70 and above. Over 6.5 lakh senior citizens have enrolled and received Ayushman cards, reflecting the scheme’s growing impact on healthcare accessibility. Prime Minister Narendra Modi recently …
ICICI Bank has announced significant updates to its credit card policies, including changes to finance charges, late fees, and fees for fuel, utility, and education transactions. These updates, effective November 15, 2024, aim to encourage timely payments and promote financial discipline among cardholders. Detailed information on these changes is available on the bank’s website. In …
The recent hike in Dearness Allowance (DA) for certain central government employees under the 6th Pay Commission has sparked considerable interest, as it raises DA from 239% to 246% of the basic salary. This adjustment, effective from July 1, 2024, per the Office Memorandum from the Department of Expenditure, Ministry of Finance, aims to support …
On November 6th, 2024, the RBI (Reserve Bank of India) announced amendments to its Master Directions on KYC (Know Your Customer) guidelines with immediate effect. The Central Government made this announcement through a circular on November 6th to enhance security, promote transparency, and improve risk management in the financial sector. The amendment to the Master …
The Union Cabinet, led by Prime Minister Narendra Modi, recently approved the PM Vidyalaxmi Scheme on 6th November 2024, a new Central Sector initiative focused on making higher education accessible to all deserving students. This program offers collateral-free, guarantor-free loans, providing vital financial support to ensure that capable students are not held back by financial …
In order to uplift, the traditional artisans and craftsmen across India, the Indian Government has recently launched the Pradhan Mantri Vishwakarma Yojana (PMVY). This scheme provides a loan facility of up to ₹3 lakh at a low interest rate of 5%, aimed at supporting the Vishwakarma community that includes skilled workers such as carpenters, blacksmiths, …
Nowadays, short-duration mutual funds are in great demand because they are favored by investors who are seeking lower risk and stable returns within a short time period. Short-duration mutual funds invest in assets like Treasury bills (T–bills), Commercial papers, Certificates of Deposit, Corporate bonds, and Government Securities (G-Secs) to ensure they have enough liquidity. Security Exchange …
Priyanka Gandhi Vadra is a renowned name that needs no introduction. She comes from the well-known Nehru-Gandhi family and is a prominent political face in India. She was brought into the headlines because of the financial investment she made in one mutual fund. At the same time, others prefer to diversify their investment portfolio and seek to park their …
