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The wage subsidy program incentivizes almost 33 lakh to create jobs in the formal sector - (A)

The union government wage subsidy program created almost 33 lakhs of new jobs in the formal sector last year, including almost 11.5 lakhs of workers in the July-September quarter of the current fiscal year (FY22). Of the nearly 33 lakh recipients, at least 28.8 lakh are new employees, the remaining 4.18 lakh are workers who …

MSMEs associations welcome the starts of a technology update program - (A)

The associations of micro, small and medium-sized enterprises welcomed the introduction of the special program of capital grants linked to credit for the service sector. The technology update program was launched on November 19 by the Minister of Union for MSMEs, Narayan Rane. “The program will help meet the technology needs of service sector companies …

Center approves PMAY (urban) construction of 3.61 Lakh Homes in 17 states - (A)

The center approved the construction of 3.61 lakh homes in 17 states and union territories under Pradhan mantri Awas Yojana (Urban), bringing the total number of sanctioned homes under the program to 1.14 crore, said the Ministry of Housing and urban development on November 24. A total of 3.61 lakhs of homes have been approved …

Are fintech competitor or partner to banks - (A)

The banking sector is one of the most stable foundations of the Indian economy. It’s an interesting time now, with major developments impacting earnings, portfolio engagement, and opening up of new opportunities. Today’s customers want more personalization, relevance, and value engagement than ever before. Digital native fintechs are ready to seduce you with their innovative …

MSP policy has not helped most farmers - (A)

Shortly after the Prime Minister announced that the three controversial agricultural laws would be repealed in the winter session of Parliament, Samyukt Kisan Morcha, a coalition of 40 agricultural unions, called for the minimum subsidy price for all agricultural products to become a legal right for all farmers. This would ensure that each farmer is …

Why existing liquidity may be a good idea in the face of likely rising interest rates

If inflation is forecast to be around 5.3% for the rest of the year, investors cannot ignore real rates: the nominal rate minus inflation. In the case of a one-year time deposit with a deposit of around 5%, the real interest rate is negative. After-tax performance looks worse. While long-term bond rates may be a …

Mortgage of a decreased person_the joint debetor or the legal heir must reimburse the bannk

In the past 18 months, the COVID-19 pandemic has ruined the finances of many. A difficult situation in which the relatives of deceased relatives found themselves was when they discovered mortgage loans that the deceased was paying. If a borrower dies without having fully paid the loan, the obligation falls on the co-borrower or legal …

How can you reduce your Home Loan EMI burden - (A)

Choose a shorter repayment term. As mentioned earlier, a shorter loan term guarantees a faster full loan repayment; which leads to lower interest charges. You must understand that a higher interest payment does not necessarily mean a higher effective interest rate. What increases as the loan term increases is only the absolute interest payment, which …

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