In response to the RBI’s 50-basis point (bp) cut in the repo rate in 2025, major banks in India have announced reductions in their lending and deposit interest rates. This move is aimed at promoting economic growth and easing financial costs for consumers. HDFC Bank and SBI Revise Deposit Rates HDFC Bank, the largest …
Maharashtra government has reduced the monthly stipend for 8 lakh women beneficiaries under its flagship Mukhya Mantri Majhi Ladki Bahin Yojana. The reduction comes after it was found that these women were also receiving financial assistance under the Namo Shetkari Mahasanman Nidhi (NSMN) scheme. This move is aimed at streamlining welfare distribution and improving the …
UPI has already transformed the way over 450 million Indians make payments. India is now aiming to bring 200–300 million more users onto its flagship Unified Payments Interface (UPI) platform. This move will significantly boost the adoption of digital payments in the country. This will also position UPI as a global standard for real-time payments. …
The PM Internship Scheme is an exciting initiative by the Indian government aimed at empowering youth with practical experience in the professional world. With a strong focus on skill development, this scheme provides internship opportunities across the top 500 companies in India. It is designed to bridge the gap between academic education and workplace readiness, …
On April 11, 2025, the Reserve Bank of India (RBI) announced that it has decided to implement an Open Market Operation (OMO) purchase auction of Government of India securities on a review of current and evolving liquidity conditions. The schedule OMO of worth ₹40,000 crore is to be held on April 17, 2025. RBI further …
The commerce and industry ministry is set to allocate a significant portion of the second ₹10,000 crore Fund of Funds Scheme (FFS) for startups in cutting-edge sectors such as new-age technology, artificial intelligence (AI), and machine building, a senior official confirmed. Focus on High-Tech and Emerging Sectors “We are going to dedicate a lot of …
If you are a young professional and recently graduated, then you have an exciting opportunity to do an internship in one of the top 500 companies. You can do this with the Central Government-backed PM Internship scheme, which was announced in the Union Budget 2024-25 to provide one crore youth with internship opportunities. PM Internship …
In an unexpected move, a three-month pause on reciprocal tariffs has been announced, sending waves across global markets. The only exception? This pause does not apply to China, which continues to face steep duties. The decision marks a shift from the tough tariff approach that had defined the trade policy in recent months. China Still Faces …
Debates over 5-day banking workweek have reemerged among bank employees amidst rapid digital transformation. They demand weekly offs like other banks’ employees worldwide. However, this shift has multiple pros and cons, and they must be carefully evaluated. Advantages of a 5-Day Banking Workweek Employee Well-being A 5-day workweek for bank employees can enhance their well-being. …
You can heave a sigh of relief as your home loan interest rates are expected to fall. In FY 26’s first MPC meeting, the RBI decided to cut its repo rate by 25-basis points. This will bring the repo rate down to 6% and ease your monthly home loan EMIs. What is Repo Rate? The …
