Mahila Samriddhi Yojana is a financial assistance initiative designed to empower women in Delhi by supporting their economic well-being. In the lead-up to her oath-taking ceremony last week, Chief Minister-designate Rekha Gupta announced that eligible women in Delhi will receive ₹2,500 under the scheme by March 8. The scheme is expected to benefit a large …
The central bank, the Reserve Bank of India (RBI) has announced the schedule for the premature redemption of Sovereign Gold Bonds (SGBs) for the period from April 2025 to September 2025. Investors who have held their SGBs for at least 5 years from the issue date are eligible to redeem them before maturity. Premature Redemption …
Angel One Asset Management Company has introduced its first-ever new fund offer (NFO) with the Angel One Nifty Total Market Index Fund, currently open for subscription until February 21, 2025. This open-ended scheme aims to replicate and track the Nifty Total Market Index, allowing investors to participate in India’s growth story without the complexities of …
Rekha Gupta, Delhi’s 4th female Chief Minister, assumed office as the 9th CM of the national capital on Thursday. With the new government in power, attention has turned to ₹2,500 per month of financial aid to women in Delhi. Objective of Mahila Samriddhi Yojana The main objective of the ₹2500 Mahila Samriddhi Yojana is to …
The financial year 2025-26 brings double good news for salaried individuals. Finance Minister Nirmala Sitharaman has announced generous income tax cuts, boosting disposable income for many taxpayers. Additionally, annual increments and performance bonuses typically disbursed around this time further contribute to higher earnings. For home loan borrowers, this extra cash presents a valuable opportunity to …
In today’s world of digital payments and impulsive shopping, managing money wisely is more important than ever. One effective way to do this is through Kakeibo (pronounced kah-keh-bo), a Japanese budgeting technique that has been around for over 100 years. What is Kakeibo? Kakeibo, which means “household finance ledger,” was introduced in 1904 by Hani …
The Unified Pension Scheme (UPS), effective from April 1, 2025, allows central government employees to switch from the NPS for assured pension payouts. It includes increased government contributions and new benefits. Central Govt Employees Can Switch to Unified Pension Scheme The Unified Pension Scheme (UPS) will be available to central government employees who are currently …
The government has finally ended the wait on the much-awaited 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme. As per news reports, PM Kisan 19th Instalment is set to be released in the last week of February 2025. The news reports further stated that PM Narendra Modi is scheduled to visit …
The government is working on a new feature that will allow Employees’ Provident Fund (EPF) subscribers to withdraw their funds using the Unified Payments Interface (UPI). This move aims to make fund transfers faster and more convenient for members. EPF to Be Linked with UPI Soon The Employees’ Provident Fund Organisation (EPFO) has developed a …
The Indian Rupee (INR) has depreciated by approximately 3.5% against the US Dollar over the past 6 months. While this may raise concerns about inflation and higher import costs, it presents an advantage for Indian investors holding US-focused mutual funds and stocks. When the rupee weakens, the value of US-denominated assets rises in rupee terms. …
