Banks have always been a fundamental guardian of our finances and assets from time immemorial. There is always a sense of security in depositing your money, however much it is, in a savings account. The kind of facilities that a privatized and nationalized bank renders is what drives people in hordes to them. However, in
Finance Minister Mr. Piyush Goyal presented the interim Union 2019 budget on 1st February 2019 at Lok Sabha, which was one of the most anticipated and talked about event of the year. As the elections are around the corner, the government is under the pressure to support the majority of the population in the country
A new app in the UPI payment genre has been launched by Bengaluru startup called “KhaaliJeb or “empty pockets” is available on Android for free download from Google Play. The banking partner for KhaaliJeb app is Kotak Mahindra Bank and it has been approved by NPCI like any other UPI app of the country. As
A new law that had been proposed to provide a 10 percent job and education quota for general class people that are economically backward have been given the thumbs up by both houses of parliament with a thumping majority. Though some opposition members had asked that the bill should be sent for closer scrutiny to
The financial year-end is around the corner and it is about time you start your tax saving investment. For those who’ve not yet planned their tax savings, here’s an tax saving investment scheme from the SBI (State Bank of India). The SBI’s tax saving investment scheme is actually a fixed deposit scheme, which is known
The 2019 election sessions are going to be intense, as an estimated number of 900 million voters will decide who will hold the next parliament in India. Ever since Independence, this is going to be the first ever election that would challenge the political and economic culture of the nation. If the present government driven
With time, the risk exposure of bank accounts has witnessed dramatic changes. The average number of unauthorized transaction has increased, triggering a hefty loss in the financial sector. In fact, such a growth in fraudulent activities represents how challenging it can be to detect and prevent these transactions- not to mention that net banking, credit
We are in the middle of an unparalleled digital revolution. The WTO (World Trade Organization) introduced the World Trade Report of this year just a few weeks ago, the report evaluates the contributions of digital technologies in revolutionizing global commerce and also the challenges and prospects created by it. The report also includes Blockchain as
A photo taken by RBI central bank of India. The central government, under the supervision of Prime Minister Narendra Modi, had signed a deal with the RBI or Reserve Bank of India a few years back. This step was taken by the Indian government to allow the Central Bank of India an institutional independence and
After the high-value currency was banned India still facing problems, negative impacts of demonetization. Image Source: Pixabay.com One fine evening 2 years ago on November 8th, 2016, India was shocked to hear the news of demonetization announced by PM Narendra Modi. The high-value cash was banned from the midnight of the announced date to cease
