News and Updates

NPS Big Update!

NPS Big Update! Retired Central Government Employees To Get 50% Assured Pension!

Finance and Economy, News and Updates, Pension / By / June 14, 2024

In March 2023, the government formed a committee chaired by Finance Secretary T V Somanathan to explore measures to strengthen NPS benefits without returning to the non-contributory and economically unsustainable Old Pension System (OPS). The committee was formed after some states dropped the NPS favourable of the OPS. According to news sources, the central government …

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Mutual Fund AUM Touches ₹ 60 Lakh Crore In May!

Mutual Fund AUM Touches ₹ 60 Lakh Crore In May!

Business, Finance and Economy, Mutual Funds, News and Updates / By / June 12, 2024

– Equity Fund Equity funds are a part of investment funds that are specifically intended to invest in stocks or equities laid out by the company.  Talking about the amount of Equity inflows, a total of Rs.19,000 crore in April 2024 were generated as compared to Rs.35,000 crore in May 2024 while the sectorial/thematic funds …

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Who is Roaring Kitty

All You Need to Know About the Roaring Kitty!

Finance and Economy, News and Updates, Stocks Market / By / June 11, 2024

– Intro Roaring Kitty, actual named as Keith Gill, is a financial specialist or best to be called as an analyst was a  popular online figure in almost all of the social medias. He was widely renowned in 2020 and 2021 for his role in the GameStop short squeeze. Let us understand deeply about him …

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Biggest Single Day Fall in 4 Years in Nifty 50 What Beholds Next

Biggest Single Day Fall in 4 Years in Nifty 50? What Beholds Next?

Finance and Economy, News and Updates, Stocks Market / By / June 5, 2024

The Nifty 50 markets closed during the vote counting, following which the earlier escalation of counting’s made it visibly hard for BJP to cross the majority mark. Even though it was somewhat obvious that the BJP led NDA alliance would escalate BJP towards victory, the investors might have been left surprised and confused at the …

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RBI Retrieves 100 tonnes of Gold from UK originated from India. How did it happen?

RBI Retrieves 100 tonnes of Gold from UK originated from India. How did it happen?

Business, Finance and Economy, Gold, News and Updates / By / June 3, 2024

According to the reports, India tends to bring in 100 metric tonnes of its gold reserves from UK out of its original holding of 822.10 metric tonnes from the Bank of England by June 2024. As we know many countries such as Italy, Germany or USA do keep their monetary or Gold reserves abroad for …

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What is DHFL Scam What was Dheeraj Wadhawan arrested for

What is DHFL Scam? What was Dheeraj Wadhawan arrested for?

Business, Finance and Economy, Financial Scams, News and Updates / By / May 17, 2024

On The Tuesday of 14th May 2024, Dheeraj Wadhawan,  an influential figure in the financial sector was arrested by the Central Bureau of Investigation (CBI) in the concern devoted to Dewan Housing Finance Corporation Ltd (DHFL) which involved scam of  a whooping Rs 34,000 crore. After being taken into prison in Mumbai on Tuesday night, …

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AMFI MAY 2024 Mutual Fund Investment Report

AMFI MAY 2024 Mutual Fund Investment Report

Financial Scams, Mutual Funds, News and Updates / By / May 15, 2024

The Association Of Mutual Funds India has released their monthly infographics of AMFI for the month May 2024. AMFI is an association of registered asset management companies of SEBI or registered Mutual funds under the Indian market. Let’s have a look at the numbers presented. MONTHLY SIP CONTRIBUTION The SIP contribution for the month of …

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Top UPI Market Share in India

Top UPI Market Share in India

Business, Finance and Economy, News and Updates / By / May 13, 2024

UPI (Unified Payments Interface) launched on 11th of April 2016 has been like a boon to the lives of many. Whether it be outgrowth of the Indian economy, ease of expenditure and hassle free way of transaction of money, UPI stands tall supporting 300 million Indian active users nationwide carry out their financial deeds tension …

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