India's FY24 fiscal deficit at 5.6% of GDP lower than estimated 5.8%
Jun 01, 2024, at 04:30 am
New Delhi: India's fiscal deficit for FY24 was Rs 16.54 lakh crore, below the budgetary target of Rs 17.86 lakh crore, reaching 95.3 percent of the target, according to data from the Comptroller General of Accounts released on Friday.
India's foreign exchange reserves shoot by $4.549 bn to a record $648.7 bn
May 25, 2024, at 02:57 am
New Delhi: India's foreign exchange reserves surged by $4.549 billion to a record high of $648.7 billion for the week ending May 17, according to the Reserve Bank's announcement on Friday.
Centre plans to borrow Rs 7.5 lakh cr to bridge revenue gap and bolster growth
Mar 28, 2024, at 02:31 am
New Delhi: The government is planning to borrow Rs 7.5 lakh crore through market borrowing between April and September 2024-25 to bridge the revenue gap and stimulate economic growth, the finance ministry said on Wednesday.
Persistently high food prices hindering drop in inflation to 4%: RBI Bulletin
Mar 20, 2024, at 04:22 am
New Delhi: Food price pressures are hindering a more rapid decline in retail inflation towards the Reserve Bank's target of 4 percent, according to an article in the central bank's March Bulletin.
Direct tax collection surges 20% to Rs 18.90 trillion till March 17q
Mar 20, 2024, at 03:19 am
New Delhi: The income tax department reported a growth of 19.88 percent in net direct tax collection, which has surpassed Rs 18.90 trillion as of March 17.
Centre releases Rs 72,961.21 cr as additional installment of tax devolution to states
Dec 23, 2023, at 05:59 am
New Delhi: The Centre has authorised the release of an additional installment of tax devolution amounting to Rs 72,961.21 crore to the states, the Ministry of Finance said on Friday.
RBI allows digital payment firms Razorpay and Cashfree Payments to function as payment aggregators
Dec 20, 2023, at 04:56 am
Mumbai: Digital payment firms Razorpay and Cashfree Payments have obtained the final approval from the Reserve Bank of India (RBI) to function as payment aggregators, allowing them to onboard new merchants following a nearly one-year regulatory ban, media reports said.
Borrowing for consumer durables on the rise; EMI cards remain popular medium of credit: Survey
Dec 20, 2023, at 04:51 am
Mumbai: The trend in borrowing, in the last three years, has shifted from running the household to buying consumer durable such as smartphones and home appliances, according to a study.
RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report
Dec 06, 2023, at 07:42 am
Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.
Shriram Capital seeks RBI nod for Asset Reconstruction Company license
Nov 08, 2023, at 08:19 pm
Mumbai: Shriram Capital has applied for an Asset Reconstruction Company (ARC) license from the Reserve Bank of India (RBI), Moneycontrol reported.
Centre approves early release of Rs 72,961 cr in tax devolution to states due to festive season
Nov 08, 2023, at 06:00 am
New Delhi: In view of the approaching festive season, the Union Government has granted approval for the disbursement of Rs 72,961.21 crore in tax devolution to State Governments for November 2023, the Ministry of Finance said on Tuesday.
'4.56% Govt Security 2023’ to be fully repaid on Nov 29
Nov 08, 2023, at 05:48 am
New Delhi: The '4.56% Government Securities 2023' will be fully repaid on November 29, 2023, without any additional interest after this date, the Ministry of Finance said in a communique on Tuesday.
Centre's Apr-Sept fiscal deficit widens to Rs 7.02 lakh cr
Nov 01, 2023, at 03:05 am
New Delhi: The fiscal deficit increased to Rs 7.02 lakh crore in April-September, up from Rs 6.43 lakh crore in April-August, according to data released on October 31.
RBI revises rules for classification and operation of investment by banks
Sep 13, 2023, at 04:57 am
Mumbai: The Reserve Bank of India (RBI) said on Tuesday that it has amended the existing norms for the classification, valuation, and operation of investment portfolios of commercial banks based on the feedback it received from a discussion paper.
Bengaluru: FCBD to meet under G20 Presidency
Dec 13, 2022, at 01:08 am
Bengaluru/UNI: The first G20 Finance and Central Bank Deputies (FCBD) meeting under the G20 Presidency will be held in Bengaluru during Dec.13-15, an official statement said on Sunday.
Term Plan Adjustments: What does it mean and how does it work?
May 17, 2021, at 05:52 pm
In the grand scheme of events, most of you would have prioritized leading a comfortable life and ensuring that your family is safeguarded in case of any unforeseen event. One of the first steps needed to achieve this goal is financial planning. To ensure stable and steady growth of your wealth, financial experts advise you to invest in various financial assets. One such asset that not only provides you with an enhanced return but also provides financial security to your family, in case of your untimely death, is term insurance. Read ahead to know more about offline andonline term insurance plans and the importance of term plan adjustments.
Things to Keep in Mind While Choosing the Right Lender for Two Wheeler Finance
Dec 25, 2020, at 08:41 pm
Digitisation of financial services has drastically changed the way lenders work with and perceive customers. Those days when a high wall existed between lenders and customers, and applying for a loan involved a lot of paperwork and hassle, is now over. Today, lenders act as facilitators and as solution providers while engaging with customers, to build a good relationship. You, the customer, is indeed the king, and you can make a choice from a variety of lenders for your two wheeler finance. If you are availing a credit line to finance it, you are inadvertently entering a long-term agreement with your lender and you want to be sure you do not get any unpleasant surprises later on. So here are some tips to help you choose the right lender for financing your two wheeler.
Financial assistance provided to aspiring rural entrepreneurs under B2V3 initiative
Oct 29, 2020, at 10:34 pm
Srinagar: With the aim to promote self-employment and entrepreneurship among the rural population and to mitigate the burgeoning rural unemployment, the Deputy Commissioner Rajouri, Mohammad Nazir Sheikh Tuesday handed over 21 sanction letters involving a loan assistance of Rs 1.84 crore to the young rural entrepreneurs under the B2V3 self–employment program.
FAQ Session: Answering 6 Most Commonly Asked Questions Regarding Term Insurance
Jul 01, 2020, at 09:13 pm
When you’re looking to invest in life insurance, you may find yourself a little overwhelmed. There are lots of terms that you may want explained and questions you may want to ask. Most term insurance plans are more affordable and offer peace of mind while still allowing for flexibility. Here are some answers that can help you with your insurance decision.
Paperless Trading 101: Learn How to Operate a Demat Account in 5 Simple Steps
Jun 20, 2020, at 01:20 pm
The Digital Era has brought innovations in everything from academic knowledge to financial trading. One of those changes is in how we handle trading across borders through paperless avenues.
Is It Okay to Have Multiple Life Insurance Policies?
May 25, 2020, at 01:30 pm
Life insurance is an essential part of financial planning and can provide a level of security that allows you the peace of mind to know that your family will be taken care of if you are no longer around.
Need funds urgently? A pre-approved personal loan may be the answer
May 21, 2020, at 01:09 pm
During these uncertain times, managing all your financial obligations may seem like a burden. And while the obvious solution may seem like dipping into your savings, it may not be the best option. A pre-approved personal loan may be the better answer to finding the money you need.
Covid-19 and your investment strategy post pandemic
Apr 18, 2020, at 11:24 pm
I had shared my below mentioned thoughts on 25th July, 2019 but never wanted to become true....unfortunately, it is a reality within 9 months. Let us go through the old message of my past post once, before we proceed: "I personally sense that we are going to face hard times ahead, a sort of slow down & recession....Cut down all your expenses drastically.Survive only on basic mode. Postpone or drop all your WANTS and spend only on UTMOST NEEDS. Outing, Movies, Shopping, Dining / Drinking, Bday/Anniversary Parties, Get-together meets - ALL these can wait. Stay light, stay tight... Survival should be your utmost priority now."
Global economy to contract 1.5 pct in 2020 amid COVID-19 outbreak: IIF
Mar 24, 2020, at 05:35 pm
Washington/Xinhua/UNI: The global economy is expected to contract 1.5 percent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday.
Not Sure if You Are Good with Managing Finances? Here is Why You Need a Financial Advisor
Nov 21, 2019, at 09:16 pm
Creating a balance between what you earn and what you invest is not as easy as it may sound. Many people think they are good at managing their investment decisions. However, they often end up over-spending on things they do not need and fall into a debt they can’t easily pay.
What arethe Effective Ways to Reduce Home Loan EMI?
Oct 24, 2019, at 01:19 pm
The housing credit sector in India is rising at a compound annual growth rate (CAGR) of 18%. The key reason behind this growth is the easy availability of affordable homes all across the country with schemes like the Pradhan Mantri Awas Yojana (PMAY).
In the Market for a New Place to Call Your Home? Here Are 5 Crucial Mistakes to Avoid
Jul 24, 2019, at 01:54 pm
When it's time to upgrade or downsize to a new home, it can be one of the most exciting times when you and your family get to start this new chapter of your life. However, while exciting, it can also be very stressful, especially when there's so much to think about, and the chances of making a mistake can be high. However, if you're aware of what the common mistakes are, you can actively avoid them, overall ensuring you're giving yourself the very best experience possible. Today, we're going to explore five of the most common mistakes that can be made, detailing everything you need to know to give yourself the best experience!
ITDC profits increase threefold to Rs 43.93 crore in FY 2018-19
May 31, 2019, at 08:13 pm
New Delhi, May 31 (IBNS): India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the tourism ministry, posted a significant performance for the financial year 2018-19.
Himadri Speciality Chemical Limited announces quarterly and yearly audited results
May 30, 2019, at 03:27 pm
Kolkata, May 30 (IBNS): Himadri Speciality Chemical Ltd., the largest vertically integrated Speciality Carbon Company has declared its Audited Results for the quarter and full year ended 31st March 2019.
A Few Factors You should Consider at the Time of Transferring Home Loan
May 25, 2019, at 12:15 pm
A home loan is a long-term commitment, as its repayment spans decades. Therefore, to make sure the task on hand is as convenient as possible, it’s important to keep a track of interest rates that competitors are offering all through the tenor, as you can apply for a home loan balance transfer if need be and make the loan more affordable even once you begin repayment.