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How Senior Citizens Can Enrol in the Ayushman Bharat PM-JAY Scheme For Free Health Insurance

How Senior Citizens Can Enrol in the Ayushman Bharat PM-JAY Scheme For Free Health Insurance

23 December 2024

The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) is a government-backed health insurance scheme aimed at providing free medical coverage to vulnerable sections of society, including senior citizens above 70 years of age. Beneficiaries can avail of health coverage of up to ₹5 lakh annually, ensuring access to quality medical care without financial burden. …

RBI Urges States to Prioritise Subsidy Review For Better Fiscal Health

RBI Urges States to Prioritise Subsidy Review For Better Fiscal Health

20 December 2024

The fiscal year 2024 marked another milestone for India’s States in managing their finances effectively. By maintaining the gross fiscal deficit (GFD) at 2.9% of GDP, they not only adhered to the Fiscal Responsibility Legislation limit of 3% but also displayed resilience amidst economic pressures. However, challenges such as debt reduction, subsidy rationalisation, and reforms …

Closing Bell: Markets Slide Over 1% Amid Fed’s Hawkish Stance On December 19

Closing Bell: Markets Slide Over 1% Amid Fed’s Hawkish Stance On December 19

19 December 2024

On December 19, 2024, the BSE Sensex and NSE Nifty50 experienced significant losses, both dropping over 1%. The decline followed hawkish remarks from US Federal Reserve Chairman Jerome Powell, which triggered a global market sell-off. The BSE Sensex ended the day 964.15 points, or 1.20%, lower at 79,218.05. During the session, it fluctuated between 79,516.17 …

Closing Bell: Sensex Drops 502 Points, Nifty Ends Below 24,200 on December 18

Closing Bell: Sensex Drops 502 Points, Nifty Ends Below 24,200 on December 18

18 December 2024

On December 18, 2024, benchmark indices BSE Sensex and NSE Nifty50 ended the day in the red. The Sensex fell by 502.25 points (0.62%) to close at 80,182.20. Throughout the day, it traded between a high of 80,868.02 and a low of 80,050.07. Similarly, the Nifty50 declined by 141.21 points (0.58%) to end at 24,198.85, …

Karnataka Assembly Passes Bill to Introduce Additional Cess on Private Vehicles: Check Why?

Karnataka Assembly Passes Bill to Introduce Additional Cess on Private Vehicles: Check Why?

18 December 2024

The Karnataka Legislative Assembly recently passed the Karnataka Motor Vehicles Taxation (Second Amendment) Bill on December 17, introducing an additional cess of ₹500 on private two-wheelers and ₹1,000 on private cars at the time of registration. This move, despite opposition protests, aims to support social welfare schemes for transport workers in the state. Objective of …

India’s Pharma Market: How Exports and R&D Are Fueling a USD 50 Billion Industry

India’s Pharma Market: How Exports and R&D Are Fueling a USD 50 Billion Industry

18 December 2024

The Indian pharmaceutical market for FY 2023-24 is valued at USD 50 billion, with domestic consumption contributing USD 23.5 billion and exports at USD 26.5 billion. India stands as the third-largest by volume and 14th by value globally, driven by a diverse product base including generics, biologics, and vaccines. As per the National Accounts Statistics …

Nifty 50 Slips Below 24,600, PE Nears 1 Month High

Nifty 50 Slips Below 24,600, PE Nears 1 Month High

9 December 2024

The NSE benchmark Nifty50 index began the week on December 9, 2024, with a cautious tone as investors grappled with political uncertainty in South Korea. However, as the session progressed, market volatility surged, causing the index to slip below the 24,600 mark. Advance-Decline Ratio Reflects Weak Market Sentiment At 10:27 AM, the Nifty50 advance-decline ratio …

December F&O Series Begins: Key Events and Stocks to Watch

December F&O Series Begins: Key Events and Stocks to Watch

29 November 2024

The December Futures & Options (F&O) series kicks off with Friday’s trading session. The Nifty index experienced a decline of 300 points in the November series, marking its 2nd consecutive negative F&O series. This follows a steep 2,000-point drop in the October series, which came after gains of 1,064 points in September and 746 points …

SEBI Introduces Mark-To-Market Valuation for Repo Transactions by Mutual Funds

SEBI Introduces Mark-To-Market Valuation for Repo Transactions by Mutual Funds

27 November 2024

Securities and Exchange Board of India has mandated that mutual funds value repo transactions on a mark-to-market basis, starting January 2025. This change aims to bring consistency and transparency to the valuation of money market and debt securities, address regulatory concerns, and protect investors. Repo Transactions to Be Marked-To-Market Previously, repo transactions with a tenor …

NSE Indices launched the Nifty India Railways PSU Index

NSE Indices launched the Nifty India Railways PSU Index

26 November 2024

NSE Indices Limited launched the Nifty India Railways PSU Index, a thematic index that captures the performance of public sector undertakings (PSUs) either owned by the Ministry of Railways or catering to the Indian Railways. This new index offers investors a focused approach to capitalising on India’s railway growth story. Key Features of the Nifty …

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