Bank Holiday On Diwali: In 2024, Diwali (Deepavali) will be observed as a public holiday in India. Deepavali is one of the most significant festivals in India and among Hindu communities worldwide. It is celebrated with grandeur across multiple regions, and its relevance extends beyond religious traditions, having deep cultural, spiritual, and economic significance. Diwali…
For investors who have accumulated a significant portfolio and are now seeking a stable income stream, the Systematic Withdrawal Plan (SWP) offers an excellent option. Unlike the Systematic Investment Plan (SIP), which focuses on growing wealth through regular contributions, SWP allows you to withdraw a fixed amount at regular intervals from your mutual fund investments….
7th Pay Commission DA Hike: Central government employees and pensioners have got a Diwali bonanza from the government as the Union Cabinet on Wednesday approved a 3 per cent hike in dearness allowance (DA) and dearness relief (DR), CNBC-Awaaz has reported citing sources. The official announcement will be made by Information & Broadcasting Minister Ashwini…
Aadhaar is one of the most crucial documents for verifying an individual’s identity in India. It serves as a unique 12-digit identification number that is linked to an individual’s biometric and demographic data. Aadhaar is essential for various official purposes, including accessing government services, filing taxes, opening bank accounts, applying for passports, and obtaining mobile…
To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore. ‘MSME Sahaj – End to End Digital Invoice Financing’, provides solutions ranging from applying for the loan, documentation and disbursement of…
The finance ministry on September 30 reviewed the interest rates on small savings schemes, including public provident fund (PPF), National Savings Certificates (NSC) and Kisan Vikas Patra (KVP). However, no changes were announced for the quarter of October-December 2024. “The rates of interest on various small savings schemes for the third quarter of FY 2024-25,…
Bank Holidays In October 2024: In October, banks across India are closed for 15 days due to a combination of national and regional holidays. Major festivals like Diwali, Saptami, and Dussehra will lead to closures in various regions. Individuals should plan their banking activities to avoid any disruptions. In addition to holiday closures, banks also…
State-backed oil marketing companies (OMCs) on Tuesday raised the prices of 19 kg commercial LPG cylinders. With this revision, the cost per cylinder has increased by Rs 48.50. Additionally, the price of 5 kg free trade LPG cylinders has been raised by Rs 12. The rate of cooking gas used in domestic households, however, remained…
The government has notified April 1, 2025, as the sunset date for the anti-profiteering clause in the GST law. Also, from October 1 all pending complaints under the anti-profiteering provisions will be handled by the Principal bench of the GST Appellate Tribunal (GSTAT), instead of the Competition Commission of India (CCI), the GST policy wing…
Life Insurance Corporation (LIC) Mutual Fund plans to scale down the minimum limit of SIP to Rs 100 from the current Rs 300. At an event, the company’s MD and CEO RK Jha said that the Asset Management Company (AMC) is working with the registrar KFintech Service and will file an addendum early next month…