In a major move, the Reserve Bank of India (RBI) has announced that children aged 10 years and above can now independently open and operate their own savings and term deposit accounts. This decision, made public on April 21, 2025, aims to teach financial responsibility from an early age. RBI: Minors Can Now Operate Accounts …
The BharatNet project is a flagship initiative by the Government of India, aimed at digitally empowering rural India by providing high-speed broadband connectivity to all Gram Panchayats (GPs). Recognised as one of the largest rural telecom projects globally, BharatNet is bridging the digital divide between urban and rural communities and laying the foundation for inclusive …
The Ministry of Home Affairs (MHA) has issued a high-priority alert warning citizens and authorities about a surge in fake ₹500 currency notes circulating in the market. This calls for a check in your wallet, whether you are carrying a counterfeited or fake ₹500 note. According per news reports, alerts have been issued to key …
Launched by Union Finance Minister Nirmala Sitharaman, the PM Internship Scheme aims to provide young individuals aged 21-24 years from low-income households with 12-month internship opportunities in the top 500 companies in India. Over the next 5 years, the PM Internship Scheme (PMIS) aims to offer 1 crore internships at leading companies. Round 2 of …
The Pradhan Mantri Jan Dhan Yojana (PMJDY) continues to redefine financial inclusion in India. As of April 2025, Jan Dhan deposits have touched a record ₹2.63 lakh crore, showing strong progress in expanding access to banking for all. A Record Rise in Deposits According to recent government data, Jan Dhan account deposits reached ₹2,63,145 crore …
The Government of India has introduced key revisions to the Domestic Gas Allocation Policy, aimed at improving the reliability and affordability of natural gas supply to the Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) segments. These steps are aligned with India’s broader goals of promoting clean energy usage, enhancing air quality, and …
Starting May 1, India will introduce a new GPS-based toll collection method. This is a major change to how tolls are collected on national highways. The National Highways Authority of India (NHAI) is replacing the current FASTag system to make highway travel faster, easier, and more transparent. Read more on: MoRTH Denies FASTag Replacement Rumours; …
The government of India has raised the drawback duties on gold and silver articles. As per a notification issued by the Finance Ministry, drawback duties on gold articles have risen from ₹335.50 to ₹405.40 per gram. Meanwhile, those on silver items have increased to ₹4950.03 per kilogram, up from ₹4468.10. What Is a Duty Drawback? …
The Reserve Bank of India (RBI), in its April 2025 policy meeting, reduced the repo rate by 25 basis points (bps), bringing it down to 6.00%. This marks the second rate cut of the year, totalling 50 bps so far in 2025. The RBI has also changed its policy stance from ‘neutral’ to ‘accommodative’, signalling …
The Indian Rupee continued its upward momentum on April 17, 2025, strengthening for the fourth consecutive session. It opened 19 paise (0.22%) higher at ₹85.49 against the US Dollar, compared to the previous close of ₹85.68. Over the past four trading days, the rupee has appreciated by nearly ₹1.2, significantly reducing its monthly decline to …
