A recent report by global analytics firm FICO has highlighted the increasing threat of scams in India's real-time payments (RTP) ecosystem. According to the survey, over one-third (34%) of respondents have lost money to scams, paying for goods, services, or investments that were never delivered. The report further reveals that 60% of respondents have received messages from scammers, and 54% reported that friends or family members have been scammed. Despite fewer people reporting

With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings. Key Expectations from Budget 2025 Insurance Sector Reforms:

Retirement Planning: More Than Just Accumulating Wealth Retirement isn’t just about saving money, but ensuring it lasts through the years, considering inflation, medical expenses, and market fluctuations. A 2024 survey revealed that 68% of Indians aged 45-60 feel financially unprepared for retirement. The key to a secure retirement lies in managing investments wisely. The Reality of Retirement in India A large number of retirees

In response to Russia's Christmas Day attack on Ukrainian cities and its energy infrastructure, President Joe Biden has instructed the U.S. Defense Department to maintain its surge of weapons deliveries to Ukraine. Biden condemned Russia’s actions, which were aimed at disrupting Ukraine’s power supply and endangering the country’s energy grid during the harsh winter. The attack, which involved cruise and ballistic missiles as well as drones, is part of Russia’s ong

The Indian rupee weakened by 10 paise to a record low of 85.12 against the US dollar on Monday, marking a significant decline in its value. The domestic currency opened at 84.85, according to Bloomberg data, and had closed at 85.02 on Friday. This continued depreciation comes amid rising global pressures, including an increase in Brent crude prices, which rose 0.41% to $73.24 per barrel. The rise in crude prices was partly driven by easing concerns about a potential US government shutdown and

Kerala Chief Minister Pinarayi Vijayan has criticized the Union Government for delaying financial assistance to Wayanad, which was severely affected by landslides in July. Nearly 400 people were killed in the disaster, and despite 100 days passing since Prime Minister Narendra Modi’s visit to the affected villages, the state has not received any financial aid for rehabilitation. The Centre has been swift in helping other disaster-hit states, but Kerala’s requests for aid have been

The Indian Rupee has depreciated to a record low of 84.61 against the US Dollar, marking a fresh setback for the currency. This comes after former US President Donald Trump's threat to impose a 100% tariff on BRICS nations if they fail to continue using the US Dollar. Trump's demand for a commitment from BRICS countries not to create a new currency or back alternatives to the dollar has put additional pressure on global markets, including the Indian Rupee. Along with this geopolitical

The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt. The strong growth in the first half was fueled by Adani Enterprises' solar and

As part of its commitment to the NDA coalition's promises made prior to the elections, the central government is actively working to halt the disinvestment process of the Rashtriya Ispat Nigam Limited (RINL), commonly known as the Visakhapatnam Steel Plant. Under the leadership of Chief Minister Chandrababu Naidu, there are ongoing efforts to ensure the plant remains operational amid concerns over financial viability and raw material shortages. Recent reports indicate that the B

The ongoing property disputes between YS Jagan Mohan Reddy and his sister YS Sharmila have taken another dramatic turn. In a recent statement, Jagan claimed to have provided approximately ₹200 crore to Sharmila over the past decade, emphasizing that this was done out of "sisterly love and affection." While this assertion may initially appear to be an attempt to bolster Jagan's public image by showcasing his support for Sharmila, it has also drawn significant scrutiny

US stocks experienced a lower opening on Friday as investors took a moment to reassess following a robust rally spurred by the Federal Reserve's significant interest rate cut earlier this week. The Dow Jones Industrial Average fell by 120 points, or 0.3%, landing at 41,906.55. Meanwhile, the tech-heavy Nasdaq Composite decreased by 0.2%, settling at 17,950.7. The S&P 500 also saw a dip, declining by as much as 0.26% to 5,698.93. Despite the overall market downturn, nine of t

Studying abroad can significantly enhance career prospects, offering students access to world-class education, diverse cultural experiences, and valuable global networks. For those who meticulously plan their academic journey, attending top-ranked universities overseas can lead to exceptional job opportunities. However, the high cost of foreign education can be daunting. Students often turn to scholarships or education loans to fund their studies. In India, various banks provide edu

The Financial Times has unveiled its 2024 global rankings for Masters in Management (MiM) programs, with the University of St. Gallen maintaining its lead for the 13th time. This prestigious position underscores the Swiss institution's consistent excellence in business education. HEC Paris follows in second place, while Insead, making a notable debut in third, stands out for its top ranking in alumni international work mobility. Edhec Business School and Shanghai Jiao Tong University'

In the face of severe flooding in Vijayawada, the Akshaya Patra Foundation has emerged as a beacon of hope, providing critical support to those affected by the disaster. Partnering with the Andhra Pradesh government, the foundation has been instrumental in preparing and distributing hygienic and sanitized food to the flood victims. Their efforts have ensured that over 10 lakh people have received much-needed nourishment during this challenging time. Feeding such a large number of pe

Chief Minister N. Chandrababu Naidu is demonstrating his unwavering commitment to restoring normalcy in flood-affected Andhra Pradesh. With many areas submerged under floodwaters, Naidu has been touring the impacted regions, speaking directly to those affected to instill confidence and provide reassurance. Known for his crisis management skills, Naidu's efforts are centered around ensuring that rescue and relief operations are carried out efficiently and effectively. Despite Nai

Chandrababu Naidu's reinstatement as Chief Minister of Andhra Pradesh has reignited hopes for the state's financial revival after a challenging five-year period under YS Jagan Mohan Reddy. The previous administration faced severe criticism for its poor financial management, including excessive borrowing and a lack of transparency, which plunged the state into a significant debt crisis. With Naidu back in power, there is a strong focus on correcting these issues and steering Andhra Pra

In recent months, significant financial irregularities under YS Jagan Mohan Reddy's administration have come to light, sparking widespread controversy. The latest revelation involves a staggering expenditure of Rs 3.62 crores by the Chief Minister's Office (CMO) on Egg Puffs for its staff over the past five years. This translates to an average annual expenditure of 72 lakhs, with the CMO allegedly consuming 993 Egg Puffs daily, amounting to a total of 18 lakhs Egg Puffs over the perio