Understanding interest rates and their effect on investments is like navigating a ship through an unpredictable storm. Can you see what’s on the horizon and steer yourself away from danger? This article is here to help you do that. We’ll help you unravel the complexities of investment interest rates – even if you’re a beginner.
Gold imports may have fallen due to higher prices, however a look at the Reserve Bank- RBI of India’s annual report indicates that their gold holdings had risen in the financial year ending 31 March 2023. Imports dropped 24.2% to 35 tonnes, while their total holdings were 794.63 metric tonnes compared to 760.42 metric tonnes
Mutual fund investing may seem complicated to inexperienced investors due to a lot of confusion. However, the first step in your investment journey is to fully grasp how mutual funds operate. With few alternative investment options, Systematic Investment Plan (SIP) gives you the freedom to invest as little as Rs. 500 in a mutual fund.
According to economists at Bank of Baroda, India’s central bank RBI may reduce/cut its lending rate twice in the second half of this year (FY24) after raising interest rates by 250 basis points in the last financial year (FY23). As a result, the repo rate will fall to 6%, from 6.5% currently. The economists at
In what has been a tough period for the global economy, India has been one of few success stories in recent months. But a recent State of the Indian Economy report issued by the Reserve Bank of India (RBI) has revealed the positive growth seen in the last quarter of the 2022/23 fiscal year has
A Delhi consumer forum has ordered the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him a bill even after his card expired and blacklisting him for non-payment of charges. Monika A Srivastava, the president of the New Delhi District Consumer Disputes Redressal Forum, as
Life insurance is an invaluable resource when protecting your family and your property. Not only does life insurance provide financial protection should the unexpected occur, but it also allows you to invest in long-term goals and secure a comfortable future for yourself and those you love. Let’s explore the different types of life insurance available
LocalCircles surveyed people who said they find it difficult to spend the biggest denomination of cash, despite many reports that petrol pumps, jewellery stores, and even e-commerce delivery people are being flooded with 2000 notes. According to the central bank of India, this note will cease to be circulated, but it will remain legal tender
Unified Payments Interface (UPI) support for RuPay credit cards was launched by Google Pay on Tuesday in association with the National Payments Corporation of India (NPCI). RuPay credit cards can now be linked to Google Pay so that users can make payments at all merchants that accept RuPay credit cards, both online and offline. This
Last week, the Reserve Bank of India (RBI) announced that it would withdraw ₹2000 notes from circulation. Apart from the 2016 demonetisation, the RBI has provided ample time for citizens to exchange their notes. Social media platforms and messaging applications are generating a lot of misinformation about the withdrawal of the notes. In this article,
