Manking Personal Finance Easy
Image for display purposes only | Photo credit: Reuters The Union Cabinet on Wednesday (October 16, 2024) approved an additional tranche of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners to offset the price hike. The decision comes days before Deepavali. The emoluments will come into effect on July 1…
Nitin Gadkari said the ministry is constructing several highways and expressways, which will help reduce logistics costs in India. File | Photo credit: PTI Nitin Gadkari, Union Minister for Road Transport and Highways, said on Thursday (Oct 17, 2024) that India’s logistics costs will fall to single digits within the next two years. Speaking at…
The proposal requires asset managers (AMCs) to allocate funds within 30 days of the close of the NFO, with a possible extension of 30 days upon approval by the committee. The market regulator’s aim is to increase transparency and protect investors’ interests by reducing the idle time of funds and ensuring alignment with established asset…
Launched in 1976, the EDLI program was to provide insurance benefits to members of the EPFO and ensure that the members’ families would receive financial support in the event of the member’s death. Photo: Facebook/socialepfo The Center has decided to extend the benefits of the Employees’ Deposit Linked Insurance (EDLI) Scheme to all subscribers of…
In changing financial scenarios, mobile wallets are a new addition. You can link your credit card to a mobile wallet so you don’t have to carry a physical card with you every time you make a purchase. What is a mobile wallet? A mobile wallet is a digital version of your physical wallet that makes…
Photo for representational purposes. | Photo credit: B. Jothi Ramalingam India’s private sector manufacturing activity rebounded in October, breaking a three-month streak of slowdowns after hitting an eight-month low in September, according to the survey-based HSBC India Manufacturing Purchasing Managers’ Index (PMI), which rose to 57.5 from 56.5 in the previous month. A reading above…
With the movement towards digitalization of financial transactions, credit cards are evolving every day. One of those developments is a credit card for Near Field Communication that aims to make payments easy, fast and secure. What is NFC? Near-field communication, or NFC, is a short-range wireless technology that allows the exchange of data from a…
According to a report by Goldman Sachs, India will need to create around 10 million jobs annually to maintain 6.5% gross value added growth between FY25 and FY30, compared to an average of 8.5 million between FY00 and FY23. To achieve this, the investment bank highlighted three key policy directions, including encouraging the development of…
Do you love traveling to different countries but are tired of paying high foreign currency exchange rates? Well, now you don’t have to lose your precious money due to exchange rates and say hello to a travel credit card! You normally have to pay a small amount of exchange fees for transactions, but many lenders…
A logo of the Reserve Bank of India (RBI) | Photo credit: Reuters The Ministry of Finance has invited applications for the post of Deputy Governor of the RBI in place of Michael Debabrata Patra, whose extended tenure ends on January 14, 2025. This post of Deputy Governor of the RBI is for economists. The…
