As per news reports, Maharashtra plans to review the Mukhyamantri Majhi Ladki Bahin Yojana, a popular government welfare scheme, to ensure that only eligible beneficiaries continue to receive benefits. Eligible women receive a financial benefit of ₹1,500 per month, which is directly deposited into their Aadhaar-linked bank accounts. The scheme targets women in the age …
The RBI (Reserve Bank of India) will declare its decision on the interest rate today at 10 AM. The announcement follows a 3-day meeting of the Monetary Policy Committee (MPC), chaired by Governor Shaktikanta Das. Economists foresee that the central bank will maintain the repo rate at 6.5%, unchanged since February 2023. Some adjustments to …
Central banks across the globe purchased 60 tonnes of gold in October 2024, according to the World Gold Council (WGC). The Reserve Bank of India (RBI) led the buying spree, adding 27 tonnes to its reserves. India’s Gold Reserves Hit 882 Tonnes With the October addition, India’s gold reserves now stand at 882 tonnes, of …
Under the PM Vidya Lakshmi Scheme, the government has introduced a mission-mode mechanism to extend education loans to students. This initiative targets those who gain admission to the top 860 Quality Higher Educational Institutions in India. This move aims to assist over 22 lakh students annually, ensuring that no deserving student is left behind due …
Originally introduced in 2022, the framework for facilitating small-value digital payments in offline mode allowed for offline transactions with an upper limit of ₹500 per transaction. It also set a total limit of ₹2,000 for a payment instrument at any time. However, recognising the growing adoption of UPI and the need to foster greater financial …
Launched on March 31, 2023 as part of the ‘Azadi ka Amrit Mahotsav’ celebrations, the Mahila Samman Savings Certificate Scheme (MSSC) aims to foster financial independence among women and minor girls. With over 43 lakh accounts opened as of October 2024, the scheme underscores the Government of India’s commitment to financial inclusion and women empowerment. …
The NITI Aayog has pointed out that India has had limited success in benefiting from the “China plus one” strategy, with countries in Southeast Asia, including Malaysia, Thailand, Vietnam, and Cambodia, reaping more benefits as businesses shift away from China. Global Protectionism and Trade Challenges NITI Aayog highlighted a growing trend of protectionism among major …
The weakening of the Indian rupee (INR) against the US dollar (USD) is affecting different industries in varying ways. While some sectors face challenges, software exporters are optimistic about gaining from this trend, especially since a significant portion of their revenue comes from overseas contracts, mainly in North America. Boost for IT Companies The recent …
The Subhadra Yojana, launched by the Government of Odisha, aims to empower women by providing financial assistance, raising awareness about their rights, and improving their health and education. Under this scheme, eligible women are granted ₹50,000 over 5 years to promote self-reliance and enhance their overall quality of life. This blog will guide you through …
The Employees’ Provident Fund Organisation (EPFO) has recently introduced a major change in its claim settlement process. The new rules provide exemptions for specific categories of employees from linking their Universal Account Number (UAN) with Aadhaar. This change aims to simplify the claims process for those facing difficulties in obtaining an Aadhaar number, especially for …
