The FinTech Hub
Source: Live Mint Deepak Shenoy, Founder and Chief Executive Officer (CEO) of Capitalmind, a financial advisory firm, wants the Reserve Bank of India (RBI) to increase the limit for mutual funds investing in foreign stocks by over 10 times to $50 billion. The RBI has set a limit of $8 billion which Shenoy argued has…
Source: Live Mint India’s initial public offering (IPO) market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. Further, Company Profiles Analyst Murthy Grandhi, promises “even bigger fireworks” in 2025, according to an ANI report. “India’s IPO market hit a…
Source: Live Mint Not long ago gold seemed to have lost its lustre. In the decades after President Richard Nixon abandoned the gold standard in 1971, the yellow metal fell out of favour with central banks, which hoarded their reserves in dollars instead. In the 1980s and 1990s investors and households grew weary of its…
Source: Live Mint Savings have long been the backbone of financial stability in Indian households. Deeply ingrained in the nation’s ethos, the act of saving has traditionally ensured resources for future uncertainties, children’s education, and retirement. Recent trends, however, tell a troubling story. The household savings rate has seen a sharp decline, prompting questions about…
Source: Live Mint Advance tax payment: The deadline to make your advance tax payment is fast approaching — in only three days, on December 15. So, what happens if you fail to pay tax by deadline? You could be liable for penalties and interest for delay. Thus, we bring you all you need to know…
Source: Live Mint The taxpayers’ deadline is approaching. December 31 is the last day to file belated income tax returns (ITR) with a ₹5,000 late fee. We look at how to file your delayed ITR online and what happens if you miss it. What is Belated ITR Filing? Those who could not file their ITR…
Source: Live Mint India’s cryptocurrency sector is expecting a hiring upswing by 2025-start as the industry stabilises due to domestic regulatory clarity, the market boost from the 2024 United States Presidential elections, which saw Donald Trump win, and the entry of global exchanges into the country, according to a report by the Economic Times. Further,…
Source: Live Mint The Employees Provident Fund Organisation’s Central Board of Trustees is set to meet today, November 30, to decide on various proposals, according to a Business Today report citing sources. Chaired by Union Labour and Employment Minister Mansukh Mandaviya, the CBT is the EPFO’s apex decision-making body. The proposals under discussion include the…
Source: Live Mint Alert pensioners, the last date or deadline for submitting your Life Certificate annually is today (November 30). Also known as the ‘Jeewan Pramaan Patra’, all retired state and central government employees are required to submit the document to authorised pension disbursing agencies such as banks, post offices, etc. This enables the pensioners…
Source: Live Mint The deadline to update Aadhaar details online for free is fast approaching — December 14, 2024 after the Unique Identification Authority of India (UIDAI) extended the process period for two months from September 14, 2024. As such, the UIDAI is urging residents to upload Proof of Identity and Proof of Address documents,…
