Description: MCA (Ministry of Corporate Affairs) has authorized NSDL for setting up an electronic platform to facilitate shareholders to cast votes in electronic form.

Category:

Tag: CDSL, Demat, e-Voting, Electronic system, MCA, NSDL, Postal Ballot, Proxy, Record date, Votes

Description: On Saturday IIFL Finance said that “It’s home loan subsidiary has tied up with ICICI Bank to provide affordable housing and MSME loans.”

Category:

Tag: Affordable House, Housing Loan, ICICI Bank, IIFL Home, MSME

Description: The scheme provides social security to Small and Marginal Farmers in the old age when they have no means of livelihood and minimal.

Category:

Tag: NPS, Pension

Description: Kisan Vikas Patra is a small saving certificate scheme introduced by the Indian post office in 1988. The main object of the scheme is to encourage people to long term financial discipline.

Category:

Tag: Indian Post, Investment, Kisan Vikas Patra, KVP Certificates, Loans, Money Laundering, TDS

Description: The Centre Government had earlier this year extended the deadline for linking Aadhaar with ration cards until September 30.

Category:

Tag: Aadhaar Card, Bank Account, One Nation, Passbook, Ration Card

Description: SEBI said in a circular on Thursday that “Mutual Fund orders will soon get the NAV of the day when funds reach the asset managers and not of the day of application.”

Category:

Tag: Money Market, Mutual Funds, NAV, SEBI, Equity, Forex Market, Equity, AMC

Description: From 18th September the country’s largest public-sector lender SBI will make an OTP-based cash withdrawal facility operational round the clock at its ATMs for transactions of Rs 10,000 and above.

Category:

Tag: ADWM, ATM, Deposits, Digital Banking, NFS, SBI

Description: A top official of the bank said that “The largest private sector lender HDFC Bank is planning to more than double the strength of its banking correspondents (BCs) to 25,000 by the fiscal-end.”

Category:

Tag: Banking Facility, Common Services Centres, Fiscal, Fixed Deposit, HDFC, Private Sector Lender

Description: Overdraft facility is one of the numerous facilities of Pradhan Mantri Jan Dhan Yojana with the nominal rate of interest, that provided by the bank to its account holders.

Category:

Tag: Affordable Price, Debit Card, Insurance, Overdraft facility, Pension, PMJDY, RuPay

Description: A PAN (Permanent Account Number) card is a 10-character alphanumeric identifier, issued by the Income Tax Department. It is necessary for filling ITR.

Category:

Tag: Form 49A, NSDL, PAN Application Form, Surrender of PAN

Description: On 7th September 2020 India’s largest public sector bank, the State Bank of India (SBI) launched an SBI Mutual Fund investment plan called ‘SBI Magnum Children’s Benefit Fund – Investment Plan’.

Category:

Tag: ETFs, REITs, InvITs, Investment, Money Market, Mutual Funds, SBI Magnum Children's Benefit Fund

Description: Kerala police have arrested the owner of the Kerala based Non Banking Financial Company against which over 200 cases have been filed by depositors as well as investors alleging a fraud of around Rs 2000 crore.

Category:

Tag: Deposit, Gold Loan, Kerala Based NBFC, NBFC, Popular Finance

Description: UMANG (Unified Mobile Application for New-age Governance) is all in one app that was launched by the Narender Modi government.

Category:

Tag: Ayushman Bharat, Crop Insurance, Digi Seva, Digilocker, e-Dhara Land Records, e-Governance, e-Raktkosh, ePathshala, EPF, NPS, PayGov, Pharma Sahi Daam, PMJDY, Tax Payment, UAN, Umang App

Description: Compounding or compound interest plays an important role in the investment of an individual investor.

Category:

Tag: Compounding Interest, Investment, Portfolio

Description: Amazon has launched the latest feature with an option that allows customers to deal in digital gold. The name of the feature is “Gold Vault”.

Category:

Tag: Amazon, Digital Gold, Gold Vault, GooglePay, Investment, MobiKwik, Paytm, PhonePe, SafeGold

Description: Janani Suraksha Yojana (JSY) is a safe motherhood scheme under the National Rural Health Mission (NRHM). And it is implemented to reduce maternal and neonatal mortality by promoting institutional delivery among poor pregnant women.

Category:

Tag: Accredited Social Health Activist, Empowered Action Group, High performing States, Janani Suraksha Yojana, Low Performing States, National Rural Health Mission

Description: PM Narender Modi launched the ‘Transparent Taxation’ platform which aimed to improve tax compliance, reduce the scope for corruption by officially, faceless assessment and ease of filing returns.

Category:

Tag: Form 26AS, Hotel Bills, Insurance, ITR, Medical Insurance, Property Tax, School Fees, Transparent Taxation

Description: e-Kuber is the Core Banking Solution of the Central bank (RBI). The word e-Kuber take from the Lord Kuber (the Lord of wealth in Hindu Mythology), and technology partner for RBI for launching e-Kuber is Polaris Ltd.

Category:

Tag: Central Bank, Commercial Bank, Core Banking Solution, e-Kuber System, Electronic Banking, Gold Bonds, GST, INFINET, PSLC, Rural Banks, WMA

Description: On Thursday 6th August 2020 the RBI introduces an optional Automated Sweep-In and Sweep-Out (ASISO) facility in the digital platform e-Kuber system to help banks manage liquidity in the situation of COVID-19.

Category:

Tag: ASISO Facility, Cash Reserve Ratio, e-Kuber System, Liquidity Adjustment Facility, Marginal Standing Facility, RBI, Reverse Repo Bids

Description: Most people are confused about to opt ULIP or Traditional Plan, and confused that which one is best among both.

Category:

Tag: Traditional Insurance Plans, ULIP, SIP, Investment

Description: On Monday 27th July 2020, Finance Minister Nirmala Sitharaman said that “banks have sanctioned Rs. 89,810 crores to about 1.1 crores Kisan Credit Card (KCC) holders to help farmers meet finances for Kharif sowing and allied activities.”

Category:

Tag: Animal Husbandry, Atma Nirbhar Bharat, Concessional Credit, Credit Limit, Dairy Farmers, Fishermen, Kharif, Kisan Credit Cards, Relief Package

Description: India’s largest public-sector lender SBI (State Bank of India) has launched a dedicated website for pension account holders, known as ‘SBI Pension Seva’.

Category:

Tag: Jeevan Pramaan Facility, Life Certificate Status, Pension Slip, Pensioners, SBI, SBI Pension Seva, Senior Citizen Savings Scheme

Description: Indian Bank has drop down its rate of interest on gold loans offered to farmers to 7%. The name of this gold loan scheme is ‘Bumper Agri Jewel’ which is for the short term.

Category:

Tag: Agricultural Jewel Loans, Bumper Agri Jewel, Gold Loan, Indian Bank, Rate of Interest

Description: The IRDA (Insurance Regulatory and Development Authority of India) is to urge insurance companies to create products that are affordable or easy to understand for people.

Category:

Tag: Arogya Sanjeevani Policy, IRDA, IVF, NCB, Standard Health Insurance Plan

Description: On Thursday 23rd July 2020 the finance ministry has requested think tank Niti Aayog to work on a five years asset monetization road map as the Centre continues efforts to meet its funding needs.

Category:

Tag: FICCI, Ministry of Finance, Monetization plan, NIP, Niti Aayog

Description: India’s growth rate may plunge to -6% to -9% during the current financial year due to COVID-19 pandemic and may bounce back next fiscal if correct policies were worked out.

Category:

Tag: Agricultural Products, Bilateral Trade, Domestic Retailers, Financial Package, Fiscal Policy, Growth Rate, Labour Potential, Production Capacity

Description: The NPCI (National Payments Corporation of India) has launched a new AutoPay feature of UPI (Unified Payments Interface) in India to allow recurring online payments.

Category:

Tag: AutoPay, NPCI, Person-to-Merchant, SIP, UPI

Description: Corona Kavach is an individual and a family insurance policy that was launched on July 10, 2020, and offered by both general and health insurers.

Category:

Tag: Corona Kavach, COVID-19, IRDA, MSME, SME

Description: The limit of personal loans in Credit cards is higher than the cash limit on the Credit card. When an individual avail a personal loan on the credit card then bank block its cash withdrawal limit on the credit card.

Category:

Tag: Credit Card, Personal Loan, Processing Fee, Rate of Interest, Repayment of loans, Unsecured Loan

Description: Form 26AS is an auto-generated financial statement that includes taxation-related information, including details of high-value transactions.

Category:

Tag: Credit Cards, Form 26AS, Investment, ITR, Mutual Funds, Shares, Statement of Financial Transaction, TCS, TDS

Description: The government has notified amendments in EPF scheme rules related to the withdrawal of funds from EPF accounts to deal with COVID-19-related financial needs of people.

Category:

Tag: COVID-19, e-SEWA, EPF, EPFO, UAN

Description: In view of this, a Maternity Benefits Programme launched called Pradhan Mantri Matru Vandana Yojana (PMMVY). The scheme is applicable for the first living child of the family for fulfilling the specific maternal and child health conditions.

Category:

Tag: AWC, BCG, DPT, Hepatitis-B, Janani Suraksha Yojana, LMP, MCP card, Ministry of Women and Child Development, National Food Security Act 2013, OPV, PMMVY, PSUs

Description: On Sunday 12th July, 2020 the Income Tax Department has facilitated a new functionally for banks and as well post offices to ascertain the applicability rates of TDS on cash withdrawal of above Rs. 20 lakh in case of persons who have not filed their income tax return and that of above Rs 1 crore in case of a filer of ITR.

Category:

Tag: TDS, Cash Transactions, ITR, Post Offices, Rate of TDS, Cash Withdrawals, TDS Deduction, Income Tax Act

Description: Clearing members are the members of the Clearing houses those who clears and settles deals via Clearing houses or Clearing corporation.

Category:

Tag: Nsdl, clearing Corporations

Description: Five largest state-run banks in India (State Bank of India, Bank of Baroda, Punjab National bank, Bank of India and Canara Bank) have a minimum of ? 7.9 trillion of loans under the moratorium.

Category:

Tag: Moratorium on loan, Pandemic of COVID-19, Public Sector Banks, Repayment of loans

Description: Like American Express, Visa, and Discover., MasterCard is one of the largest payment gateway networks in the global payment industry.

Category:

Tag: Online Payment, Payment Gateway

Description: A visa card is the leading brand of digital-payment cards worldwide. It is an important processing network and its cards are accepted by businesses worldwide in many countries and territories.

Category:

Tag: Credit Card, Debit Card, Gift Card, Visa Card, Visa Prepaid Card

Description: To enjoy smooth cash withdrawal, international, regional, and local banks across the country introduced RuPay debit and credit cards.

Category:

Tag: Credit Card, Debit Card, E-commerce, MasterCard, Payment Gateway Card, Electronic Payments, RuPay Card, Visa Card

Description: Treasury Bill (T-Bill) is the short-term debt securities or government loans with a maturity of less than a year available at zero coupons rate.

Category:

Tag: Debt Securities, Dematerialized Form, Government Loans, Investment, Money Market, NBFC, Negotiable Instruments, Promissory Note, Subsidiary General Ledger, Treasury Bill

Description: Largest mortgage lender HDFC at its meeting held on Friday 19th June 2020 said its committee of directors has approved raising up to Rs.14,000 crore through equity shares, compulsorily convertible debentures or non-convertible debentures along with warrants, and foreign currency convertible bonds, etc.

Category:

Tag: Equity Shares, HDFC

Description: The EPFO (Employee Provident Fund Organisation) allot a 12 digit account number to every employer and employee who has contributed to EPF. And this account number called UAN or Universal Account Number.

Category:

Tag: EPF, EPFO, ESIC, PF, Universal Account Number

Description: The Employees’ Provident Fund (EPF) is a savings scheme introduced under the Employees’ Provident Fund and Miscellaneous Act, 1952. EPFO works under the direct jurisdiction of the government and is administered by the Ministry of Labour and Employment.

Category:

Tag: Employees' Provident Fund, Insurance Scheme

Description: On Friday 12th May 2020 was held a GST Council meeting under the chairmanship of India Finance Minister Nirmala Sitharaman. The members of the GST Council discussed issues over video conference.

Category:

Tag: GST, GST Council, GSTR-3B returns, Taxpayer

Description: Absolute return is the return that the Mutual Fund houses have given over a specified period. No matter about type of return (returns/gains/losses) that the Mutual Fund provides the absolute return without comparing to any benchmark Index.

Category:

Tag: Absolute Return, Investment, Mutual Funds, Relative Return, Stock Market

Description: On Monday 8th June 2020 Central Government has allows the feature of file Nil GST monthly return Form GSTR 3B via SMS for small businessmen. The main object of the central government to launch this feature to make tax compliance easier for the assessment.

Category:

Tag: ARN, GST, GST Portal, GST Return, GSTR-3B

Description: Over the past few years, the payments ecosystem in India has evolved with a wide range of options such as bank accounts, mobile phones, cards, etc. To provide further fillip to the digitization of payment systems, it is necessary to give impetus to acceptance infrastructure across the country.

Category:

Tag: Acceptance Development Fund, Acquisition, Card Issuing Bank, Digitization of payment systems, Payments Infrastructure Development Fund, Point-of-Sales Devices

Description: Relative returns refer to returns as compared to the market index of the country. The relative return is the difference between the absolute return and the Market Index return. The main object of the Mutual Fund to produce a return that beats the benchmark.

Category:

Tag: Absolute Return, Bull and Bear Market, Mutual Funds, Relative Return

Description: According to the minutes of the Monetary Policy Committee (MPC) released by the central government on Friday 5th May 2020.

Category:

Tag: Atma Nirbhar Bharat Abhiyan, Investment, Key Policy Rate, Monetary Policy, Revive the economy, Monetary Policy Committee,

Description: There are two ways to get the returns in percentage of mutual funds performance in the current market 1) Trailing returns and 2) Rolling returns

Category:

Tag: Annualized Rate of Return, Investment, Mutual Funds, SIP, Trailing Returns, Rolling Returns

Description: The Union Cabinet launched Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Scheme (PM SVANIDHI) on 1st June, 2020. This special micro-credit facility scheme will provide affordable loans to street vendors and they can revive their businesses or livelihood without any further delay due to lockdown by the pandemic of COVID-19.

Category:

Tag: Micro Finance Institutions, NBFCs, Small Finance Banks

Description: An Annualized return is the amount of money that has earned for the investor per annum. An annualized return gives a clearer picture when comparing various mutual funds that have traded over different periods of time.

Category:

Tag: Annualized Rate of Return, Mutual Funds, Investment

Description: Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan and a system under which the employees of a company are generally given the right to acquire the shares of the company for which they are working.

Category:

Tag: ESOP, Shares, Capital Appreciation

Description: Private sector lender Yes Bank has acquired a 24.19% stake in Dish TV India’s largest Direct-To-Home (DTH) company in terms of subscribers, by the invocation of 44.53 crores pledged shares. The Dish TV shares each had a nominal value of one rupee.

Category:

Tag: Yes Bank, Dish TV, Acquisition of Shares, Pledges, Stake in Shares

Description: India’s economy grew at 3.1% in the Q4 ending March 31, 2020, as economic activities were impacted due to the outbreak of the Corona-virus pandemic.

Category:

Tag: COVID-19, GDP Growth, Gross Value Added

Description: ULIP (Unit Linked Insurance Plan) is a type of insurance policy that offers the policyholder to pays an annual or monthly premium.

Category:

Tag: Ulip, Investment, Mutual Fund, Bonds, Shares

Description: National Pension Scheme (NPS) was launched in January 2004 for government employees (except for armed forces) which is a central government sponsored pension scheme.

Category:

Tag: Investment, NPS, Pension Fund, PRAN

Description: Net Asset Value (NAV) refers to the price at which an investor buys the units of a mutual fund scheme. It represents the market value per share for a particular mutual fund.

Category:

Tag: Mutual Funds, Net Asset Value, Open Ended Funds, Working Capital, Equity Shares, Investment, Market Value

Description: Equity Linked Savings Scheme (ELSS) is a kind of mutual fund scheme that helps in saving taxes under Section 80C of the Income Tax Act and invest equity related instruments to generate high returns.

Category:

Tag: ELSS, Mutual Funds, SIP, Large-Cap, Small-Cap, LTCG

Description: Expense Ratio includes sales & marketing/advertising expenses, administrative expenses, transaction costs, investment management fees, registrar fees, custodian fees, audit fees, etc. of the fund.

Category:

Tag: Mutual Funds, Expense Ratio, Assets Management Company

Description: Exchange-traded funds are one of the most important and valuable products created for individual investors in recent years.

Category:

Tag: Bonds, Dividend, Exchange Traded Funds, Industry, Market Securities, Mutual Funds, Shares, Stocks

Description: On Friday 22nd May 2020, the RBI Governor Shaktikanta Das announced several monetary to revive the economy due to the pandemic of COVID-19.

Category:

Tag: GDP, Repo Rate

Description: Unlike in open-ended funds, investors can’t buy the units of a closed-ended fund after its NFO (New Fund Offer) period is over.

Category:

Tag: Open-Ended Fund, Closed-Ended Fund

Description: Mutual Funds option is a very good and smart Investment option in modern life. And Mutual Funds must be registered under SEBI before it can collect funds from the public.

Category:

Tag: Mutual Funds, Open Ended Funds, Systematic Investment Plan, Investment

Description: A SIP is known as “Systematic Investment Plan”. It is a mode of investment that allows an investor to invest in Mutual Funds systematically and regularly in their favourite Mutual Fund scheme.

Category:

Tag: SIP, Mutual Fund

Description: A SIP is known as “Systematic Investment Plan”. It is a mode of investment that allows an investor to invest in Mutual Funds systematically and regularly in their favourite Mutual Fund scheme. Under SIP investors save more with a small amount of money while benefiting from the long- term.

Category:

Tag: Market Capitalization, Mutual Funds, Systematic Investment Plan

Description: On Sunday, 17th May, 2020, Finance Minister Nirmala Sitharaman announced the 5th tranche of “Atma Nirbhar Bharat Abhiyan” (“Self-reliant India Campaign”).

Category:

Tag: DIKSHA, Direct Benefit Transfers, e-Pathshala, Ease of Doing Business, Insolvency and Bankruptcy Code

Description: On Saturday 16th May 2020 the Union Finance Minister Nirmala Sitharaman’s announced the 4th tranche of Atma Nirbhar Bharat Abhiyan.

Category:

Tag: ISRO, MRO

Description: On Friday Finance Minister Nirmala Sitharaman released the third tranche of the Rs 20 lakh crore economic package, focusing on agriculture, fisheries, and allied activities.

Category:

Tag: Atma Nirbhar Bharat, Micro Food Enterprises, Minimum Support Price, MSMEs

Description: NABARD stands for “National bank of Agriculture and Rural Development”. It is a non -bank statutory financial organization. It was set up on 12 July 1982 under an Act of Parliament as a central or apex institution for financing agriculture and rural sector (small scale industries, cottage, and village industries, handicrafts, etc.) with the paid-up capital of Rs. 100 crores.

Category:

Tag: NABARD, Non-Credit Cooperative Societies., RRBs, State Cooperative Agriculture

Description: On Thursday The Finance Minister Nirmala Sitharaman announces the second tranche of India’s Rs 20 lakh crore COVID-19 relief package, with a focus on migrant workers, farmers, and urban poor. Where on Wednesday’s announcements focused on small businesses, non-bank lenders, and the power sector.

Category:

Tag: Credit-Linked Subsidy Scheme, Crop Loans, Kisan Credit Cards, Moratorium on loan, MUDRA-Shishu Loans

Description: Addressing a press conference to unveil the plan that was outlined by the Prime Minister yesterday called it “Aatma Nirbhar Bharat Abhiyan”. And announced Rs. 20 Lakh Crore which is around 10% of GDP in FY 20. The PM had announced the Aatma Nirbhar Bharat Abhiyan package that will focus on Make in India.

Category:

Tag: MSME, Aatma Nirbhar Bharat Abhiyan, Demand, Demography, Economy

Description: The Micro Small & Medium Enterprises (MSMEs) are defined in India under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. It was established to promote, facilitate, and develop the businesses of the micro, small and medium enterprises.

Category:

Tag: MSME, Registration Process of MSME, Benefits of MSME, Capital Investment, Incentive Programs

Description: In the modern era and age, it is essential to maintain financial stability which has become quite difficult for everyone. Traditional life insurance plans provide multiple benefits to the policy-holders like a fixed income return in case of death or maturity of the term, tax benefits, and risk cover.

Category:

Tag: Traditional Plans, Term Life Insurance Plan, Endowment Plans, Money-Back Policies, Whole Life Insurance

Description: On Sunday former RBI Governor Duvvuri Subbarao introduce the economic stimulus announced by the Centre on March 26 on account of lockdown to include the spread of COVID-19, is “not sufficient”.

Category:

Tag: Financial package, Finance sector

Description: NSDL CAS is a single account statement that consisting of all investment details of investors in the securities market and other transactions in a Mutual Funds. It helps investors to track their Mutual Fund performance. CAS also has been including insurance policies held in the e-insurance account

Category:

Tag: NSDL, CDSL, SIP, KARVY, CAMS

Description: As per the MD Dinesh Khara on Tuesday “India’s Largest public sector lender SBI has decided to extend the Reserve Bank of India approved moratorium to the cash-stopped NBFC to help them tide over the crisis.”

Category:

Tag: Moratorium on loan, NBFC

Description: On Thursday 7th May 2020, SBI India’s largest public-sector lender announced a 0.15% reduction in its lending charges across all tenors.

Category:

Tag: Retail Term Deposits, SBI Wecare Deposits

Description: India’s 2nd largest public sector lender Punjab National Bank conducts a live webinar on Wednesday 6th May 2020. The title of the webinar was ‘Mega MSME Outreach’.

Category:

Tag: PMGKP, PMJDY

Description: As per the statements of Ministry of Finance “Around 39 crore poor people have received financial assistance of ? 34,800 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP).”

Category:

Tag: PMGKP, PMJDY

Description: Depository Participants (DP): An investor enjoy services of NSDL through the Depository Participant (DP) of NSDL. Banks, financial institutions, brokers, custodians, and any other intermediary are some examples of NSDL which are appointed as per SEBI (Depository Participant) Regulations 2018.

Category:

Tag: NSDL, DP, Demat Account

Description: According to the provisions of the Depositories Act, there are various services are provided by NSDL to brokers, banks, investors, stock exchanges, and security issuers participants.

Category:

Tag: NSDL, Demat Account

Description: Bankers want government guarantee to Micro, Small & Medium Enterprises (MSMEs) for all incremental loans, and also on up to 20% of new asset purchases from NBL (Non- Banking Lenders). Solid negotiations are going on with the govt on these issues, with bankers loath to budge on their demands and the government undecided on how much it can offer as a guarantee.

Category:

Tag: MSMEs, NBFC

Description: On Monday 27th of April 2020 through a notification Govt. of India has established the International Financial Services Central Authority and headquarter will be established in Gandhinagar, Gujarat

Category:

Tag: Capital Market, Financial Institution, IFSC, IFSCA, Insurance, IRDA, Ministry of Finance, Pension, PFRDA, RBI, SEBI

Description: The Reserve Bank of India on Monday 27th of April 2020 has announced a ? 50,000 crore special liquidity facility for Mutual Funds among heightened volatility in Capital Markets in reaction to COVID-19.

Category:

Tag: Capital Market, Franklin Templeton

Description: The Labour and Employment Ministry issued a notification in a news circular on the 17th of April 2020 against the backdrop of the COVID-19 pandemic outbreak which has significantly impacted economic activity

Category:

Tag: Banking Sectors, Indian Banks Association, Nationalized Banks, Public Utility Services