[ad_1] NEW DELHI: The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs).It said, “At 42.9 per cent of GDP (at current market prices) in June 2024, India’s household debt…
[ad_1] BEIJING: China’s manufacturing activity expanded in December for the third month in a row, official data showed Tuesday, as leaders fight to reverse a slowdown in the world’s number two economy.The country has struggled to climb out of a slump fuelled by a property market crisis, weak consumption and soaring government debt.China’s Purchasing Managers’…
[ad_1] MUMBAI: India’s financial sector is entering 2025 on a strong footing, buoyed by robust earnings, low impaired assets, and strong capital buffers, RBI governor Sanjay Malhotra said. In his first communication as governor in RBI’s financial stability report, Malhotra said that India’s financial system remained resilient despite uncertainties from geopolitical conflicts, market volatility, and…
[ad_1] Cocoa futures surged on renewed supply fears as concerns over crops in West Africa persist, resuming a rally that has made the chocolate ingredient one of the hottest commodities of the year. The most-active cocoa contract in New York climbed as much as 14% – the biggest intraday jump since May. Futures partly offset…
[ad_1] MUMBAI: RBI has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and prevent frauds.All banks that are direct members…
[ad_1] NEW DELHI: Adani group on Monday announced its complete exit from the FMCG joint venture Adani Wilmar, selling its entire stake to Singapore-based partner Wilmar International and through the open market, with total proceeds expected to surpass $2 billion.Adani Enterprises Ltd, which owned a 43.94% stake in Adani Wilmar Ltd, has announced plans to…
[ad_1] Aravind Srinivas, who established Perplexity AI (valued at $9 billion), has become involved in the US immigration policy discussion. H-1B visa row: The ongoing dispute regarding Indian immigrants and H-1B visas within US President-elect Donald Trump‘s circle lacks factual basis, according to Perplexity AI founder Aravind Srinivas. The IIT alumnus, currently on an H-1B…
[ad_1] The NPS Vatsalya, a version of NPS, is a financial savings solution tailored for children. (AI image) NPS Vatsalya Account Opening: Parents can now establish long-term financial security plans for their children, including provisions for their retirement years, with the NPS Vatsalya. Earlier this year, the Modi 3.0 government introduced NPS Vatsalya, a pension…
[ad_1] Indian Railways currently serves approximately 10 million beneficiaries through 129 hospitals and 586 health units. (AI image) Indian Railways is currently in discussions with with online pharmacy services to enable doorstep delivery of medicines from its network of hospitals, according to officials. RailTel Corporation of India Limited plans to seek tenders in January 2025…
[ad_1] Scammers are exploiting the interest surrounding the government’s new PAN 2.0 initiative by sending fraudulent emails to mislead people. (AI image) PAN 2.0 fraud alert! Have you received an email for downloading your e-PAN Card? Be cautious of suspicious emails claiming to help you download e-PAN cards! Fraudsters continuously devise new methods to deceive…
