Non-Resident Indian (NRI) deposits have seen a significant surge, with inflows reaching $12 billion in April-October FY25, almost double the amount deposited during the same period last year ¹. This growth is attributed to the three main NRI deposit schemes: Foreign Currency Non-Resident (FCNR) deposits, Non-Resident External (NRE) deposits, and Non-Resident Ordinary (NRO) deposits.  

Former Indian Prime Minister Manmohan Singh passed away on Thursday at the age of 92. Singh was admitted to the All India Institute of Medical Sciences (AIIMS) in New Delhi after his health deteriorated, and despite efforts to revive him, he was declared dead at 9:51 p.m.   Singh served as India's 14th Prime Minister from 2004 to 2014 and was a renowned economist who played a pivotal role i

In a globalized world, transferring money internationally has become a necessity, whether you’re supporting family, paying for services, or managing student expenses abroad. Let’s explore the most affordable and reliable methods to send money internationally. Cost-Effective Ways to Send Money Abroad 1. Peer-to-Peer Payment Platforms Peer-to-peer (P2P) platforms like PayPal, Venmo, and Wise connect senders and receivers

India’s startup ecosystem has become a powerhouse of innovation, shaping industries and driving transformative change across various sectors. With entrepreneurship deeply rooted in India’s economy and culture, the tech industry alone is expected to grow by 3.8% in FY24, surpassing $250 billion, according to NASSCOM. From Artificial Intelligence to quick commerce, startups are not just capturing investors’ interest but also laying the groundwork for groundbreaking a

6 Financially Smart Ways to Start 2025 As 2025 approaches, it's the perfect time to reassess your financial situation and make adjustments to help you achieve your goals. A little planning now can set the stage for a successful year. Here are six detailed steps to guide you: Revisit Your Budget: Start by thoroughly reviewing your current budget. Take stock of your income sources and all expenses, including fixed c

SEBI Bars YouTuber Ravindra Balu Bharti and Associates from Securities Market Until 2025 The Securities and Exchange Board of India (SEBI) has barred YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute Pvt Ltd, from accessing the securities market until 4 April 2025. SEBI has also ordered them to disgorge ₹9.50 crore, along with 6% simple annual interest, for unlawful gains earn

In a swift move following Chrystia Freeland’s resignation as Canada’s Finance Minister, Prime Minister Justin Trudeau appointed long-time ally Dominic LeBlanc to the pivotal role. The 57-year-old LeBlanc, who previously served as Public Safety Minister, now faces the daunting task of managing Canada’s finances amidst a growing Can$62 billion deficit—far exceeding initial projections. The Canadian economy is also grappling with various challenges, including the looming

Giorgia Meloni, Italy’s Prime Minister, is known for insisting on using the masculine form of her title - Il Presidente del Consiglio - a bold statement of her assertive leadership style. She gained attention after President Vincenzo De Luca of Campania region insulted her, only for Meloni to turn up to his region and confront him with humor, calling herself "that b****, Meloni." This interaction reflects her fearless attitude and determination to stand her ground. R

RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

On the 75th anniversary of the adoption of India's Constitution, Prime Minister Narendra Modi reaffirmed his commitment to performing his duties within the Constitution's framework. In his speech at the Supreme Court during Constitution Day celebrations, he clarified that his actions have always aligned with constitutional provisions without overstepping boundaries. Modi addressed opposition claims that efforts were underway to undermine the Constitution and asserted that his governme

Maharashtra Chief Minister Eknath Shinde tendered his resignation to Governor CP Radhakrishnan on Tuesday following the results of the assembly elections. Despite a significant victory for the Mahayuti coalition, which includes the BJP, Shinde-led Shiv Sena, and Ajit Pawar’s NCP, the decision on who will succeed Shinde as the new CM remains uncertain. Accompanied by Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, Shinde visited the Raj Bhavan to submit his resignation

The Andhra Pradesh Finance Minister, Payyavula Keshav, presented a Budget of Rs 2,94,427 crore for the financial year 2024-25, marking a 5.40% increase from the previous year. The budget allocation includes Rs 2,35,916 crore for revenue expenditure and Rs 32,712 crore for capital expenditure. The estimated revenue deficit is around Rs 34,743 crore, with a fiscal deficit of approximately Rs 68,742 crore, accounting for 4.19% and 2.12% of the Gross State Domestic Product (GSDP) respectively.

Prime Minister Narendra Modi extended his warm wishes to Telangana Chief Minister A. Revanth Reddy on his birthday, praying for his long and healthy life. The Prime Minister took to social media to convey his regards, stating, "Best wishes to Telangana CM Revanth Reddy Ji on his birthday. I pray for his long and healthy life." CM Reddy, in response, expressed gratitude for the kind wishes from PM Modi and thanked him for the gesture. Telugu actor Chiranjeevi also joined in to

Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu is reportedly planning to reshuffle his cabinet after the Sankranti festival in January. Sources close to the power center in the state suggest that Naidu is dissatisfied with the performance of three to four ministers in the current cabinet and is considering dropping them during the reshuffle. These ministers have allegedly been given hints about their potential removal from the cabinet. One of the

Deputy Chief Minister Pawan Kalyan recently made a bold move by publicly revealing widespread public dissatisfaction with Chandrababu Naidu's government. This is a rare occurrence as no Deputy Chief Minister usually opens up about such issues publicly. The move has sparked discussions and criticism, shedding light on the underlying issues plaguing the government. Critics have pointed out three primary issues that are damaging the government's reputation and inciting public f

Jana Sena Party president and Andhra Pradesh deputy chief minister Pawan Kalyan recently launched a scathing attack on his cabinet colleague, home minister Vangalapudi Anitha, over the functioning of the police department. This move has sparked debate among analysts, who believe that Kalyan may have overstepped his boundaries as an alliance partner. While Kalyan's concerns about the breakdown of law and order and atrocities against women are valid, some analysts argue that he should have

Bitcoin surged past $73,000 on Tuesday, approaching its all-time peak as investors eagerly anticipated the upcoming U.S. presidential election. According to Coin Metrics, Bitcoin’s value recently climbed by 3.8%, settling around $72,333.10. Earlier, it spiked to $73,601.59, its highest point since March 14—the same day it reached its record price. This rise triggered significant short liquidations, totaling over $113 million in the last 24 hours, as reported by

Udhayanidhi Stalin, the son of Tamil Nadu Chief Minister MK Stalin, is expected to be promoted to the position of Deputy Chief Minister, according to sources. A formal announcement from Governor RN Ravi’s office is anticipated later today. Speculation about his elevation has been circulating for months, with party insiders suggesting it aims to bolster the DMK’s leadership in preparation for the 2026 Assembly elections. Having played a pivotal role in the DMK’s rec

The Andhra Pradesh government has officially announced a new liquor policy that will take effect on October 1st, marking a significant shift in the state's approach to alcohol sales and pricing. Excise Minister Kollu Ravi held a media briefing to outline the key features of the forthcoming policy, aiming to address longstanding issues related to overpriced liquor and accessibility for the general public. One of the main points raised by Minister Ravi was the problem of inflated