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 …
Which Top 10 Mutual Funds will help you double your Wealth Over Time?
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 …
Ayushman Bharat Scheme: 6.5 Lakh Senior Citizens Enroll in Ayushman Bharat Scheme in Just 11 Days!
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 Credit Card Rules: What changes are made to late payments and Financial Charges effective from November 15th 2024?
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 …
6th Pay Commission: DA Increased to 246% for Central Government Employees in 2024
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 …
New KYC Rules 2024: RBI Implements 6 Amendments with Immediate Effect— Check Details Inside
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 …
PM Vidyalakshmi Scheme 2024: Meaning, Significance, Eligibility and How to Apply
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 …
What is PM Vishwakarma Yojana where you will get Rs. 3 Lakh loan at just 5% Interest Rate – Know How to apply
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, …
Which are the Best Short Duration Mutual Funds to Invest in 2024?
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 …
What is the Name of the Mutual Fund in Which Priyanka Gandhi Vadra Has Invested Rs. 2.25 Crore
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 …