Tax-Efficient Pension Product by ICICI Prudential
ICICI Prudential Life Insurance, one of the leading private life insurers in India, has launched a new retirement savings product, ICICI Pru Gold Pension Savings. This product is designed to help customers build a tax-efficient retirement corpus and enjoy a regular income for life after retirement. What is ICICI Pru Gold Pension Savings? ICICI Pru […]
MSME Loans: RBI’s KFS Move Applauded for Transparency
The Reserve Bank of India (RBI) has announced a new measure to increase the transparency and fairness of lending practices for retail and MSME borrowers. The RBI has mandated that all regulated entities, such as banks and NBFCs, provide a Key Fact Statement (KFS) to their customers before signing a loan agreement. The KFS is […]
Offline E-Rupee Transactions Coming Soon: RBI
The Reserve Bank of India (RBI) has announced that it will introduce offline functionality for e-rupee transactions, which will enable users to make payments in areas with poor or limited internet connectivity. The e-rupee is the digital version of the Indian currency, which is officially known as Central Bank Digital Currency (CBDC). The RBI launched […]
SEBI Bans 10 Entities for Share Rigging on TV Show
SEBI, the market regulator of India, has taken strict action against 10 entities, including market experts, research analysts, and guests appearing on Zee Business, a popular business news channel. The regulator has accused them of indulging in fraudulent and unfair activities by ‘influencing innocent investors’ through their stock recommendations on the channel. How did they […]
Cabinet Approves ₹6,000 Cr Fishery Scheme, Infra Fund Extension
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a new fishery scheme and extended the Fisheries Infrastructure Development Fund (FIDF) for another three years up to 2025-26 on Thursday. The decisions are aimed at formalising the unorganised fisheries sector, facilitating institutional finance to micro and small enterprises, promoting aquaculture insurance and enhancing export […]
Finance Bill, Appropriation Bills Returned by Rajya Sabha
Rajya Sabha returns Finance Bill, appropriation bills after discussion The Parliament on Thursday gave its nod to the Modi government’s interim Budget with Rajya Sabha returning the Finance Bill 2024 and related appropriation bills after discussion. The Finance Minister Nirmala Sitharaman assured that the government will honour the fiscal deficit glide path given in 2021 […]
RBI: Paytm App Stable, Banks May Partner After Checks
The Reserve Bank of India (RBI) has clarified that the recent directives issued against Paytm Payments Bank Limited (PPBL) will not affect the functionality or operations of the Paytm app. The RBI Deputy Governor Swaminathan J said that the action is against PPBL, not against the Paytm app, in a press briefing following the Monetary […]
CII: White Paper Confirms India’s Economic Growth
The White Paper on the Indian Economy, tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha on Thursday, has reaffirmed the robust growth momentum of the Indian economy, according to the Confederation of Indian Industry (CII). The industry body said that the document highlighted the NDA government’s efforts in overcoming the challenges inherited from […]
Centre’s White Paper Highlights Economic Progress
The Union government, led by Narendra Modi, presented the White Paper on the Indian Economy in the Lok Sabha on Thursday, comparing the economic performance under the UPA and NDA governments. The document highlighted the NDA’s efforts in overcoming challenges inherited from the UPA’s policy paralysis, steering India towards sustainable growth through tough decisions. It […]
Rajasthan Budget: PM-KISAN Now ₹8,000, Wheat MSP Up
The Rajasthan government presented its farmer-focused Budget on Thursday, February 8, 2024. The Budget included several announcements to benefit the farmers of the state, such as increasing the amount under the PM-KISAN scheme and raising the minimum support price (MSP) for wheat. PM-KISAN Amount Increased to ₹8,000 in Rajasthan Budget The PM-KISAN scheme is a […]