Gold prices in India have been declining since last week as rising U.S. inflation strengthened the dollar index and fueled speculation about a potential shift in the Federal Reserve’s approach to monetary policy. Gold Rate Today in Chennai (November 19, 2024) On November 19, today the gold rate in Chennai is ₹75,661 per 10 grams, …
Gold prices in India saw a slight dip on Thursday. The price of 24-carat gold is ₹7,701.3 per gram, marking a decrease of ₹10.0, while 22-carat gold is priced at ₹7,061.3 per gram, also down by ₹10.0. Gold Rate Today in Chennai (November 14, 2024) On November 14, today the gold rate in Chennai is …
FAR Overview Through the ‘Fully Accessible Route’ (FAR), the Reserve Bank enables non-residents to invest in specified Government of India dated securities. Eligible investors can invest in specified Government securities without being subject to any investment ceilings. Expansion of Investment Options The Reserve Bank of India (RBI) has broadened the range of specified government securities …
The recent government decision to reduce the National Savings Scheme (NSS) interest rate to zero has created concerns among investors, especially retirees. Effective October 1, 2024, all funds held in NSS accounts will cease to earn interest, impacting thousands who had planned their finances around this scheme. This blog explores the financial implications of the …
The Employees’ Provident Fund Organisation (EPFO) celebrates its Foundation Day on November 1 each year. The year 2024 marks EPFO’s 72nd Foundation Day. This government organisation operates under the Ministry of Labour & Employment, and its Central Board of Trustees was formed by the Central Government through the Employees’ Provident Funds and Miscellaneous Provisions Act …
Diwali, the vibrant “Festival of Lights,” celebrates light over darkness and ushers in new beginnings. This year, the five-day celebration began on October 29 with Dhanteras and concludes on November 3 with Bhai Dooj. Due to its cultural significance, banks across India observe holidays on different days, affecting banking services in various states. Here’s the …
Former President A.P.J. Abdul Kalam once said, “Learning gives creativity, creativity leads to thinking, thinking provides knowledge, and knowledge makes you great.” His insight underscores that formal education opens doors, but our use of these opportunities defines our success. National Education Day, celebrated on November 11, emphasises education’s role across all areas of life—including personal …
This Children’s Day, why not focus on something that could impact your child’s future? Managing finances isn’t just a skill; it’s a powerful tool that empowers children to navigate life’s financial challenges. Yet, it’s rarely taught in schools. By encouraging habits like budgeting, saving, and investing, you empower your child with lifelong financial wisdom. Let’s …
Prime Minister Narendra Modi on October 29 launched a new health coverage initiative for all senior citizens aged 70 and above, regardless of income, under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). Recently approved by the Union Cabinet, this program aims to provide essential health benefits to approximately 6 crore senior citizens …
In today’s world, personal finance is crucial for individuals of all age groups. However, when we examine two influential generations, Generation Z (Gen Z) and Millennials, we observe stark differences in their approaches to managing money. Shaped by the unique experiences of their times, these generations differ in financial habits, investment strategies, and overall outlook …
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