Mutual Funds and small SIPs: Investing in mutual funds is often viewed as a more secure option compared to the stock market due to its diversified nature and professional management. Systematic Investment Plans (SIPs) serve as popular investment tools within the realm of mutual funds, aiding individuals in attaining financial objectives at various junctures of their … Read more
The National Payments Corporation of India (NPCI) has yet again added a new feature to the Unified Payments Interface (UPI) platform. The new feature, UPI Circle-Delegate Payments, will help primary holders of UPI accounts to delegate transaction rights to secondary users. The main goal is to create a common platform that simplifies and enhances transactions … Read more
Digital payments platform PhonePe has recently launched a new feature called ‘pre-approved term life insurance’ on its platform. According to a statement released by PhonePe, this innovative feature aims to enhance the accessibility of insurance coverage for millions of individuals in India. PhonePe’s new initiative is aimed at revolutionising financial inclusion in India. The step … Read more
Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch has informed that the capital markets regulator is working in tandem with mutual fund houses to bring down the minimum investment requirement under the systematic investment plans (SIPs). Madhabi Puri said that she asked some of the mutual fund houses whether an SIP of … Read more
Crime rate and consumption of intoxicants such as alcohol and tobacco products have declined in states where more Jan Dhan accounts have been opened, the country’s largest bank has said in a research report. “This could be because of Jan Dhan-Aadhaar-mobile (JAM) trinity, which has helped in better channelising of government subsidies and helped in … Read more
Finance minister Nirmala Sitharaman said public sector banks were in better position now, as she urged all banks embrace digitisation to ensure government schemes reached the poor. Speaking at the centenary celebrations of Tamilnad Mercantile Bank, Sitharaman said Rs 1,500 was given out in three installments to the needy directly in their bank accounts during … Read more
Pradhan Mantri Jan Dhan Yojana (PMJDY) has produced both transformational and directional change in financial inclusion, finance minister Nirmala Sitharaman said on the seventh anniversary of the scheme on Saturday. “The journey of PMJDY-led interventions undertaken over a short span of seven years have in effect produced both transformational as well as directional change,” she … Read more
An alumnus of IIM-Kolkata, Shilpa Kumar has spent more than three decades with the ICICI Bank group, and has held board positions in several organisations. Rise of Civic Tech in India’s urban governance! The coronavirus pandemic has redefined digital ecosystems in every sphere of life. With people turning to embrace technology like never before, we … Read more
NEW DELHI: Amid the on-going row over digital taxation, Finance Minister Nirmala Sitharaman on Saturday said that a consensus-based solution on the issue should be simple and inclusive based on a robust economic impact assessment. The minister was speaking at the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting held at Riyadh (Saudi … Read more