The Nifty Financial Services Index is a key benchmark that tracks the performance of India’s financial sector, covering a broad range of companies including banks, housing finance firms, insurance providers, and other financial services institutions. The index offers a comprehensive view of how this critical segment of the economy is performing. As of April 28, …
The Nifty Bank Index, also known as Bank Nifty, is a benchmark index that represents the performance of the Indian banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian banks. The index is comprised of 12 constituent stocks, including both public and private sector banks. …
Starting October 1, 2024, a key rule change brought relief to thousands of tenants paying high rents: the TDS (Tax Deducted at Source) rate on house rent payments exceeding ₹50,000 per month was slashed from 5% to 2%. However, widespread confusion has now surfaced. Many tenants, unaware of the new lower rate, continued deducting TDS …
India’s efforts to alleviate poverty over the past decade have yielded remarkable outcomes. According to World Bank estimates, extreme poverty—measured at $2.15 per day in purchasing power parity terms—declined from 16% in 2011-12 to just 2.3 per cent in 2022-23. This significant shift has lifted approximately 171 million people above the internationally recognised poverty threshold. …
The Reserve Bank of India (RBI) has been steadily augmenting its gold reserves since December 2017. In the financial year 2024-25, the central bank added 57.5 tonnes of gold, marking the second-largest annual purchase in the past 7 years. According to a report by The Economic Times, this move underscores the RBI’s continued focus on …
The Reserve Bank of India (RBI) has announced that the premature redemption for Sovereign Gold Bond (SGB) Scheme, Series I of 2020-21, will take place on April 28, 2025. In accordance with the Government of India Notification F. No. 4(4)-B(W&M)/2020, premature redemption is permitted after the completion of five years from the issue date, which …
On Monday, April 28, the Indian stock market witnessed significant gains with both Sensex and Nifty 50 climbing nearly 1% each. The Sensex surged by over 850 points, reaching 80,089 during the session, while Nifty 50 gained nearly 250 points, reclaiming the level of 24,283. As the market continued to rise, the BSE Midcap and …
Despite increasing global uncertainties and weakening international growth prospects, India is poised to record a robust 6.5% economic expansion this year. According to the Reserve Bank of India (RBI), this growth will secure India’s position as the fastest-growing major economy, even though it marks a slight moderation compared to recent years. Strong Domestic Demand Bolsters …
Since its launch in September 2018, the Pradhan Mantri Jan Arogya Yojana (PM-JAY) has significantly transformed healthcare access for millions of Indians. Offering free health cover of ₹5 lakh annually, the scheme has provided hospitalisation benefits worth over ₹1.29 lakh crore and continues to be a critical pillar in reducing healthcare-driven poverty in India. Widespread …
In a significant move towards technological self-reliance, the Indian government has selected Bengaluru-based start-up Sarvam to develop the nation’s first homegrown large language model (LLM). This decision comes at a time when global AI landscapes are being reshaped by developments like China’s DeepSeek model. Government Support and Strategic Plans Sarvam was chosen from among 67 …
