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Did you know the Richest state of India by GDP 2022; then Check your state Rank..
The Asian continent is known to have the largest population in the world. India is the second most populous country in the world and ranks seventh by area size. India is known for its democracy. It is a multilingual and multi-ethnic society bound by national peace and progress. With about 28 states and 8 Union…
IMF called India’s Direct benefit transfer scheme a ‘logistical Marvel’
What did IMF say – IMF senior appreciated India for its Direct benefit transfer scheme. Mauro was addressing a news conference during the 2022 annual meeting of the IMF and the World Bank Group in Washington. He said according to the sheer size of the country, India’s case is quite impressive. He also stated that…
Prime Minister Narendra Modi launches 75 digital banking units..
Inauguration of 75 digital banking units – In the union budget speech for 2022-23, Nirmala Sitharaman mentioned that the government would set up 75 DBUs in 75 districts. This was to pay tribute to the 75 years of independence of our country. Prime Minister Narendra Modi dedicated 75 digital banking units to the nation, taking…
RBI to launch its digital rupee on Pilot basis; Know how is it different from cryptocurrency..
Concept of Central Bank Digital Currency (CBDC) e-rupee – RBI released a concept note on the digital rupee (e-rupee) on 7th October 2022. The Government of India had also announced the launch of a CBDC in its 2022 Union Budget. E-rupee is a digital version of the Indian rupee. The RBI has announced its issue…
Follow these tips to save taxes and grow your financial Fitness ..
Income Tax – If you are a salaried individual or an entrepreneur or you make a rental income or earn from your investments you have to pay taxes to the government. The Income Tax Act came into effect in 1961. Everything related to the collection, recovery, and administration of income tax comes under the section…
Combo fin products are on the way…
Launch of Combo fin products – Launch of Combo services such as savings accounts with insurance or an insurance product with new pension scheme benefits etc. has paved its way in its final launch. An inter-regulatory technical group (IRTG) on fintech announced the standard operating procedure for an inter-operable regulatory sandbox for hybrid products and…
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