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Last week, when inaugurating a new aircraft factory in western India, Prime Minister Narendra Modi resorted to a slogan he coined just months after taking office in 2014: “Make in India.” This time, however, he added: “Do it for the world.” This is not the first time Modi has pointed out that India needs to …
Federal Bank credit card holders now benefit from a group credit protection facility that offers life insurance for a credit limit of up to a maximum of Rs 3 lakh. The Federal Bank has partnered with Ageas Federal Life Insurance to make this offer available to its credit card users. In a statement, the Federal …
Pension fund body EPFO voted on Monday to allow the deduction of accruals in the Employees’ Retirement Plan 1995 (EPS-95) for subscribers with less than six months of service remaining. Currently, members of the workers’ provident fund (EPFO) with less than six months seniority in the company only have the right to withdraw the balances …
Wealth creation. A comfortable life in retirement. Expensive vacations. A good life. As tempting as these prospects are, many employees find it hard to imagine having it all. Take the case of this gentleman, Ron, whom I recently met in my investor education class. Ron has a good mix of stocks, sticks to mutual funds, …
Investors’ bane today is inflation as it kills nominal returns. This adds to problems given rising inflation and subdued returns across asset classes. This is a global phenomenon, with inflation in some countries at multi-year highs. But inflation should decline in six months. You may wonder how this happened? Let’s look at it from a …
As of February 1, 2022, international investment funds will be able to reinvest in shares of companies listed abroad to the extent of the redemptions and therefore sales of foreign shares that have suffered these systems. These foreign investment limits came into effect on February 1, 2022, and since the limits were not raised, most …
For talented students in India, various scholarship packages are available in undergraduate, postgraduate, and master’s programs at foreign universities. This allows students to access amazing educational opportunities. However, the competition for these scholarships is fierce and you must start the process at least a year in advance to qualify. Scholarships can be 100% or even …
Credit growth in India hit a three-year high and is expected to rise further as economic activity gains traction, but much slower deposit growth could prompt banks to seek funding and raise interest rates. deposit quickly, analysts and bankers said. Deposit growth has taken a hit as high inflation led to lower savings and depositors …