Non-Resident Indian (NRI) deposits have seen a significant surge, with inflows reaching $12 billion in April-October FY25, almost double the amount deposited during the same period last year ¹. This growth is attributed to the three main NRI deposit schemes: Foreign Currency Non-Resident (FCNR) deposits, Non-Resident External (NRE) deposits, and Non-Resident Ordinary (NRO) deposits.  

Fixed Deposit Changes Starting January 1, 2025, new rules will make Fixed Deposits (FDs) more flexible, especially for emergencies. One of the key updates allows depositors to withdraw the full principal amount of their FD in case of critical illness, before the maturity date, but without earning interest. Other changes include easier nomination processes, quicker maturity notifications, and improved withdrawal options in emergencies. These rules will also affect Non-B

Former Indian Prime Minister Manmohan Singh passed away on Thursday at the age of 92. Singh was admitted to the All India Institute of Medical Sciences (AIIMS) in New Delhi after his health deteriorated, and despite efforts to revive him, he was declared dead at 9:51 p.m.   Singh served as India's 14th Prime Minister from 2004 to 2014 and was a renowned economist who played a pivotal role i

In a globalized world, transferring money internationally has become a necessity, whether you’re supporting family, paying for services, or managing student expenses abroad. Let’s explore the most affordable and reliable methods to send money internationally. Cost-Effective Ways to Send Money Abroad 1. Peer-to-Peer Payment Platforms Peer-to-peer (P2P) platforms like PayPal, Venmo, and Wise connect senders and receivers

India’s startup ecosystem has become a powerhouse of innovation, shaping industries and driving transformative change across various sectors. With entrepreneurship deeply rooted in India’s economy and culture, the tech industry alone is expected to grow by 3.8% in FY24, surpassing $250 billion, according to NASSCOM. From Artificial Intelligence to quick commerce, startups are not just capturing investors’ interest but also laying the groundwork for groundbreaking a

6 Financially Smart Ways to Start 2025 As 2025 approaches, it's the perfect time to reassess your financial situation and make adjustments to help you achieve your goals. A little planning now can set the stage for a successful year. Here are six detailed steps to guide you: Revisit Your Budget: Start by thoroughly reviewing your current budget. Take stock of your income sources and all expenses, including fixed c

SEBI Bars YouTuber Ravindra Balu Bharti and Associates from Securities Market Until 2025 The Securities and Exchange Board of India (SEBI) has barred YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute Pvt Ltd, from accessing the securities market until 4 April 2025. SEBI has also ordered them to disgorge ₹9.50 crore, along with 6% simple annual interest, for unlawful gains earn

In a swift move following Chrystia Freeland’s resignation as Canada’s Finance Minister, Prime Minister Justin Trudeau appointed long-time ally Dominic LeBlanc to the pivotal role. The 57-year-old LeBlanc, who previously served as Public Safety Minister, now faces the daunting task of managing Canada’s finances amidst a growing Can$62 billion deficit—far exceeding initial projections. The Canadian economy is also grappling with various challenges, including the looming

RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

The Andhra Pradesh Finance Minister, Payyavula Keshav, presented a Budget of Rs 2,94,427 crore for the financial year 2024-25, marking a 5.40% increase from the previous year. The budget allocation includes Rs 2,35,916 crore for revenue expenditure and Rs 32,712 crore for capital expenditure. The estimated revenue deficit is around Rs 34,743 crore, with a fiscal deficit of approximately Rs 68,742 crore, accounting for 4.19% and 2.12% of the Gross State Domestic Product (GSDP) respectively.

Bitcoin surged past $73,000 on Tuesday, approaching its all-time peak as investors eagerly anticipated the upcoming U.S. presidential election. According to Coin Metrics, Bitcoin’s value recently climbed by 3.8%, settling around $72,333.10. Earlier, it spiked to $73,601.59, its highest point since March 14—the same day it reached its record price. This rise triggered significant short liquidations, totaling over $113 million in the last 24 hours, as reported by

The mutual fund industry in India reported net outflows of ₹71,114.08 crore for September 2024, as per the latest data from the Association of Mutual Funds in India (AMFI). This decline follows a staggering 42.8% drop in August, where cumulative inflows into mutual funds were recorded at ₹1.08 lakh crore. Equity mutual funds saw a decline in inflows by 9.9% in September, totaling ₹34,419.26 crore, down from ₹38,239.16 crore in August. The net assets under management (AUM) of

In a decisive move to safeguard citizens' sensitive information, the Indian government has blocked several websites found to be exposing personal identifiable information, including Aadhaar and PAN Card details. This action follows a report from the Indian Computer Emergency Response Team (CERT-In), part of the Ministry of Electronics and Information Technology, which identified significant security flaws on these sites. The official statement highlighted the government's co

Chief Minister N. Chandrababu Naidu has demonstrated exceptional administrative skill by securing Rs 2,500 crore in dues from Telangana, a crucial recovery for Andhra Pradesh. This amount, related to foreign loans taken during the united Andhra Pradesh era, was due from Telangana as its share of the loan repayments. Following the bifurcation in 2014, Andhra Pradesh had been covering both states' loan responsibilities. Despite previous administrations under K. Chandrasekhar Rao a

Economic development is a multidimensional process that involves improving living standards, reducing poverty, and enhancing overall well-being through sustainable economic growth. Several factors contribute to economic development, including technological advancements, infrastructure investments, and human capital development. Let's examine each of these factors

Personal finance is an essential aspect of managing one's financial well-being and achieving financial goals. Let's cover key topics within personal finance, including budgeting, saving, investing, retirement planning, and managing personal debt: Budgeting: Budgeting involves creating a f

Corporate finance encompasses a wide range of topics related to managing financial resources, making investment decisions, and optimizing capital structure for corporations. Let's delve into key areas within corporate finance, including capital structure, financial management, mergers and acquisitions (M&A), and corporate governance:

International trade plays a significant role in the global economy, influencing economic growth, employment, and market dynamics. Let's explore key topics related to international trade, including trade agreements, tariffs, trade deficits, and their impact on domestic and global economies: Trade Agr

Fiscal policy refers to the government's use of spending and taxation to influence the economy. It plays a crucial role in economic stability, growth, and distribution of resources. Here's a discussion on government spending, taxation, budget deficits, and their impact on economic stability: Gov