Planning your finances is crucial to ensuring a pleasant future. Annuity plans and fixed deposits are two well-liked financial vehicles that have drawn a lot of attention because of their stability and potential for rewards. These financial instruments make excellent pension plans in India and may play a key role in creating a solid retirement strategy. What is an annuity plan? An annuity plan is a contract between an individual and an insurance company. In this plan, the individual pays a lum

The Reserve Bank of India (RBI) has given the green light to Pradeep Natarajan's appointment as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender confirmed. In a regulatory filing on Thursday, IDFC FIRST Bank announced, RBI...has accorded its approval to appoint Pradeep Natarajan as Whole Time Director, designated as Executive Director of the bank for a period of three years. The bank stated that it will now proceed with the necessary procedures to finalize Natar

Today, Finance Minister Nirmala Sitharaman addressed the Confederation of Indian Industry (CII) Annual Business Summit, emphasizing India's journey towards becoming a developed economy by 2047. In her opening plenary address, she highlighted the crucial role of businesses in shaping this future. The Finance Minister's remarks come in response to recent skepticism from former Reserve Bank of India governor Raghuram Rajan about Indias focus on high-profile manufacturing sectors like semico

The Kisan Credit Card (KCC) is an innovative initiative by the Government of India to support farmers by providing timely access to credit. Introduced in 1998, the KCC aims to meet the financial needs of farmers for crop production, post-harvest expenses, and other agricultural activities. Why Do Farmers Need Kisan Credit Cards? Farmers face numerous financial challenges, from buying seeds and fertilizers to managing irrigation and labor costs. The KCC offers a convenient and affordable credit l

The United Nations has raised India's economic growth prediction for 2024, forecasting a 6.9% expansion driven by robust public investment and strong private consumption. The World Economic Situation and Prospects report released on Thursday states, India's economy is expected to grow by 6.9% in 2024 and 6.6% in 2025, primarily due to solid public investment and resilient private consumption. Despite weak external demand impacting merchandise exports, exports of pharmaceuticals and chemi

Forbes recently unveiled its 30 Under 30 Asia list, celebrating 300 young entrepreneurs, leaders, and innovators across the Asia-Pacific in various fields. Among them are several Indian entrepreneurs making waves in consumer technology. Raghav Arora and Akshit Bansal, founders of the EV charging startup Statiq, were recognized for their nationwide network of charging stations for electric vehicles. The duo, part of the 'Industry, Manufacturing and Energy' category, have secured $27.5 mil

Reports indicate that Walmart, the well-known American retail giant, is undergoing significant changes in its corporate structure. The company is purportedly downsizing hundreds of corporate positions and encouraging many remote workers to consider relocating to office locations. This move comes as Walmart aims to consolidate its operations and centralize its workforce. According to a recent Wall Street Journal article, Walmart is not only reducing its corporate workforce but also urging employe

India's Central Bank, the Reserve Bank of India (RBI), is likely to keep interest rates steady due to stable inflation and concerns about food prices. Consumer prices increased by 4.83% in April, matching economists' predictions. The RBI has held its benchmark interest rate at 6.5% for more than a year and is not expected to lower it until the end of 2024. Economists from Citigroup suggest that the RBI might consider a neutral stance by August, based on favorable inflation data. Rising f

In a move to combat cyber crimes and financial frauds, the Department of Telecommunications (DoT) has instructed major telecom companies like Reliance Jio, Bharti Airtel, and Vodafone Idea to block 28,200 mobile handsets allegedly involved in such activities. This coordinated action aims to tackle the misuse of telecom resources by criminals. A joint effort involving the DoT, the Ministry of Home Affairs (MHA), and State Police has been initiated to address the misuse of telecom resources. The p