Do you qualify? Trump administration will reduce interest on student loans... The Trump administration announced it will temporarily reduce interest on some federal student loans. We tell you who qualifies
What are the states in the US with the highest rate of late payment of debts?... Non-payment of debts can have negative consequences such as deterioration of credit history
US households show highest level of financial worry since 2022, Fed report says... According to the Fed survey, the percentage of Americans who consider their economic situation to be “somewhat worse” than a year ago increased to 43%
Unemployment among college graduates rose to 3.7% over the past three years, according to Fed data... The increase in teleworking and the incorporation of AI into work processes could work against young recent graduates
Artificial intelligence makes it more difficult to identify employment scams... Job scams with artificial intelligence are increasing and deceiving more and more people with false job offers
Salvadoran diaspora will have direct representation in the Legislative Assembly... They will elect six deputies in the 2027 elections; L.A. residents They advocate the end of Bukele's emergency regime
U.S. household debt hit a record high in the first quarter of the year... From January to March the historical debt figure reached $18.8 trillion dollars, according to a report from the FED of New York
Rising gasoline places greater pressure on low income Americans, report highlights... New York Fed researchers indicated in their report that a “k” pattern is emerging in the drastic increases in gasoline.
You need to earn $53,000 to live in the US: how much is that per hour?... A study reveals you need to earn $53,000 a year to live in the US. We explain how much you would need to earn per hour and which states require
Yale University will offer free tuition to those earning less than $200,000 a year... Yale University will eliminate tuition costs for families with incomes below $200,000 to expand access to all students
Most families in the U.S. cannot afford childcare: study... A study reveals that most families in the U.S. do not earn enough to pay for childcare, whose costs exceed even rent
The Trump administration delays the tariff increase on furniture and kitchen cabinets for a year... The Trump administration postponed the tariff increase on furniture and kitchen cabinets for a year, amid trade negotiations and inflationary pressure
Changes in the labor market impact recent university graduates... According to a Cleveland Fed report, college graduates face greater difficulties finding work than before
October employment report will not be published due to lack of data, according to BLS... The government shutdown hampered the Bureau of Labor Statistics' data collection for the October report
The rise of 'buy now pay later' is now available for food in the US.... Despite being a relief, experts warn about its use and its consequences for long-term economic stability
Why big tech companies like Amazon are laying off thousands of workers... Jeff Bezos's company and other large companies are cutting their workforces, justifying their decisions with new technology. The reality is more complicated.
What is the centenary building of London that keeps 400,000 ingots of gold, including those of Venezuela... The BBC was able to visit the interior of the Bank of England, one of the most protected and secure buildings in the country
Bangladesh Border: 3 youths going on a bike at night, got scared when they saw the police, then the secret was revealed... Fake currency racket busted in Dinhata, 40,000 Taka seized, two youths arrested, search for the third one continues. Police alert, keeping an eye on gang’s activities.
Finance Minister Nirmala Sitharaman Reviews Banking Sector’s Readiness Amid Border Tensions... Finance Minister Nirmala Sitharaman conducts a high-level review of India’s banking sector readiness amid rising border tensions. The strategic move underscores economic resilience and national security.
Gold Prices Hit Historic High, Cross Rs1 Lakh Per 10 Grams Mark... In a historic development, gold prices in India have surged past Rs1 lakh per 10 grams, reflecting strong global cues and economic uncertainties.
Nation Mourns the Loss of Former PM Dr. Manmohan Singh... Nation mourns the loss of former Prime Minister Dr. Manmohan Singh, hailed as a guiding light during India’s economic crises. Congress President Devendra Yadav reflects on his legacy of resilience
Sensex Today: Indian Markets Open on a Positive Note Amid Global Cues... Sensex Today: Indian stock market poised for positive start as global cues signal upward trend.
RBI Governor Shaktikanta Das Announces Unchanged Rates, Focuses on Inflation and Growth... RBI Governor Shaktikanta Das outlines key monetary policies, focusing on inflation and growth, with SDF and MSF rates unchanged.
RBI Announces Nationwide Quiz Competition to Celebrate 90th Anniversary... The Reserve Bank of India (RBI) is launching a nationwide quiz competition for undergraduate students as part of its 90th anniversary celebrations. The quiz is aimed at increasing financial awareness
RBI Imposes Monetary Penalty on Three NBFCs for Non-Compliance with Directives... RBI imposes monetary penalty on three NBFCs for non-compliance with its directives. Learn more about the action taken and the reasons behind it.
RBI Governor Shaktikanta Das Highlights India’s Digitisation Success at Global Conference... During the inaugural address at the Global DPI and Emerging Tech Conference, RBI Governor Shaktikanta Das highlighted India’s successful digitisation strategy. He noted that India’s Digital Public Infrastructure (DPI) has
Global Stock Markets Plunge: Indian Market Loses Over 10 Lakh Crore in a Single Day... Global stock markets crash, with the Indian stock market losing over 10 lakh crore in a single day.
RBI Cancels License of Banaras Mercantile Cooperative Bank in Varanasi... The Reserve Bank of India (RBI) has canceled the license of Banaras Mercantile Cooperative Bank in Varanasi due to deteriorating financial conditions. Depositors to receive up to Rs 5 lakh
Survey Reveals 17% of Indians Store Financial Passwords Insecurely... A survey reveals that 17% of Indians store financial passwords insecurely, increasing the risk of data theft. Learn more about the implications and statistics from the survey.
RBI to Decide on Repo Rate After Lok Sabha Election Results... Upcoming decision on the repo rate by the RBI after the 18th Lok Sabha election results.
India’s Foreign Currency Reserves Surge to USD 641.59 Billion, RBI Data Reveals... Stay updated on India’s economic front with the latest news on the country’s foreign currency reserves. Discover how recent increases in reserves, as reported by the Reserve Bank of India.
RBI Imposes Minimal Penalty on Cooperative Bank, Raises Eyebrows... The latest news reveals the Reserve Bank of India (RBI) imposing a surprisingly minimal penalty of only two rupees on a cooperative bank, sparking intrigue and questions about regulatory oversight
RBI Maintains Interest Rates, Sensex and Nifty Close Flat... The Reserve Bank of India (RBI) decided to keep interest rates unchanged after its 3-day MPC meeting. Despite fluctuations, the stock market closed flat on Friday, with Sensex rising marginally
RBI Report: NPA of banks reached its lowest level in last several years, RBI said this on the economy... The Reserve Bank of India has commented positively on the country's economy.
UCO Bank: Due to the mistake of the bank, Rs 820 crore went into some bank accounts, about 200 crore did not come back... The impact of the incident is also big on UCO Bank shares. Shares of UCO Bank fell 1.1 per cent to Rs 39.39 on Thursday.
Retail Inflation: Retail inflation declined to 4.87 percent in October, reaching a four-month low... Retail inflation has declined in the month of October and has reached a four-month low of 4.87 percent.
Shaktikanta Das: 'India is ready to become a fast growing major economy', RBI Governor said this on GDP... RBI Governor said geopolitical uncertainty is the biggest risk to global growth.
RBI: RBI took major action against ICICI and Kotak Mahindra Bank, imposed a fine of Rs 16 crore... The Reserve Bank of India has taken action against ICICI and Kotak Mahindra Bank for not following regulatory rules.
Inflation: Retail inflation declined to 6.83 percent in August, RBI made this estimate for 2023-24... Due to softening of food prices, retail inflation declined to 6.83 percent in August as compared to July.
Inflation increased to 7.4 percent in July due to vegetable prices, now prices are falling, statement of Shaktikant Das... RBI Governor Shaktikanta Das says inflation rose to more than 7 percent in July due to vegetable prices.
RBI Governor Shaktikanta Das received the honor of world's top banker, PM Modi congratulated... RBI Governor Shaktikanta Das has been honored as the top central banker globally by the US-based magazine 'Global Finance'.
India Q1 GDP: India's GDP was 7.8 percent in the first quarter, government released figures... The Reserve Bank of India had estimated the GDP growth rate to be 7.8 percent in the April-June quarter.
UDGAM Portal: RBI launches portal to find out unclaimed deposits lying in banks, will get this benefit... The Reserve Bank of India on Thursday launched a centralized web portal named UDGAM (Unclaimed Deposits - Gateway to Access Information) to search for unclaimed deposits.
High inflation will haunt till December, relief expected from January; Interest rates expected to reduced from July 2024... Rating agency ICRA said on Monday, due to high inflation, now the Reserve Bank of India can go ahead with the plan to cut rates.
Agree on trade agreement and UPI-IPP linking in their currencies; Important agreement signed in RBI-UAE Central Bank... The Reserve Bank of India and the Central Bank of the United Arab Emirates (UAE) on Saturday signed two MoUs for cooperation in the use of local currencies for cross-border
Retail Inflation: Relief in retail inflation; 25-month low in May, down from 4.70 percent to 4.25 percent... These figures of retail inflation have been released by the government on the basis of data collected from 1114 urban and 1181 rural markets.
2000 Rupee Note: 2000 notes will be changed from today, RBI said - neither panic nor hurry... Two thousand rupee notes will be changed from today i.e. Tuesday in all the banks of the country and 19 regional branches of the Reserve Bank of India.
After the announcement of withdrawal, the use of 2000 notes increased at petrol pump-jewellery shop... Ashok Begani, West Bengal President of the India Bullion and Jewelers Association, said that in 2016 demonetisation happened overnight.
PM Modi: PM Modi was not in favor of bringing 2000 note, claims former aide; Congress said 'cover-up'... BJP leaders have welcomed this notification of the Reserve Bank and they say that the general public does not have more than two thousand notes.
RBI: Government approves Rs 87,416 crore dividend for 2022-23, decision in RBI board meeting... The Reserve Bank of India (RBI) has agreed to pay a dividend of Rs 87,416 crore to the Central Government.
RBI To Withdraw Rs 2,000 Notes: 2 thousand rupees notes will be out of circulation, know when will the replacement start... People can deposit Rs 2,000 notes in bank accounts or exchange them with notes of other denominations by visiting any bank branch.
Central bank said in the half-yearly report - the share of gold in foreign exchange reserves increased to 7.81 percent... RBI's gold reserves increased by 34.22 tonnes to reach 794.64 tonnes on an annual basis at the end of March 2023.
Brokers will not be able to make bank guarantees on customers funds, instructions to end existing guarantees by 30 Sep... SEBI has asked stock exchanges and clearing corporations to monitor closure of bank guarantees in an orderly manner.
Hard earned money will not sink! Ponzi apps will be controlled, Finance Ministry is preparing to tighten the screws... Union Finance Minister Nirmala Sitharaman said on Sunday that her ministry is preparing to crack down on Ponzi app.
Banks will remain closed for 15 days in April, see the complete list of holidays before going to the branch... Reserve Bank of India (RBI) has released the list of Bank Holidays in April 2023.
Delhi's budget will not be presented tomorrow, Kejriwal said - Central government imposed a ban... The budget will not be presented in the Delhi Assembly on Tuesday.
Big information has come regarding credit card, now this much is due... Credit Card Download: Rama Mohan Rao Amara, Managing Director and Chief Executive Officer of SBI Card said that The convenience of making easy payments has certainly contributed to the growth.
Budget 2023: Relief to the middle class from the new tax regime, the Finance Minister addressed the Central Board of RBI... Finance Minister Nirmala Sitharaman has said on Saturday that the new tax regime will benefit the middle class more.
Nirmala Sitharaman: Rs 10 lakh crore was written off in five years, Finance Minister said in Lok Sabha... Scheduled commercial banks have written off Rs 10,09,511 crore in the last five financial years and are in the process of recovering dues from borrowers.
Wholesale Inflation Wholesale inflation reached 21-month low of 5 85 percent in November... WPI inflation stood at 8.39 percent in October and 14.87 percent in November 2021.
India G20 Presidency: Bengaluru ready to host first meeting of G20 Finance Track, agenda to be discussed... Under this, the first meeting of the Deputy Chiefs of G-20 Finance and Central Banks will start in Bengaluru from Tuesday.
World Bank raised India's GDP growth forecast for 2022-23 to 6.9 percent... The World Bank estimates that inflation may remain at 7.1 percent in the current financial year.
RBI Digital Rupee: Digital currency for transactions from today, know its benefits... Regarding digital currency, RBI has said that digital rupee will be distributed through banks.
Retail Inflation: Retail inflation dips to 6.7 percent in October from 7.41 percent in September... Despite the decline, the retail inflation rate is above the RBI's target band of between two to six percent in the month of October.
These banks took the digital currency of the Reserve Bank hand-in-hand, so many transactions happened on the first day... RBI started testing its digital currency pilot program in India on 1 November.
The new DAKSH app will monitor the work of RBI, the governor told how it will work... RBI Governor Shaktikanta Das has recently launched this app.
RBI Monetary Policy: GDP growth estimated at seven percent, know 15 special things of RBI's monetary policy... The Monetary Policy Committee consisted of three members from RBI and three external members.
New Rules From October: From credit card to demat, many changes will happen from October 1, know everything here... Many new rules are going to come into force from 1st October. These also include the new rules of RBI related to credit cards.
Foreign Trade Policy: Now the international trade will be in rupees, the Ministry of Commerce has changed the policy... The commerce ministry has approved international trade settlement in rupees.
NRIs will be able to pay utility bills sitting abroad, RBI Governor made this big announcement... Overseas Indians can now use 'Bharat Bill Bhugtan Pranali' to pay electricity, water bills (utility) and education bills of their families in the country.
Bank Holidays: Important news for lakhs of customers, banks will not open for 5 days from today, RBI gave information... Bank Holidays in September: This week, if you have to deal with any important work from the bank, then know that there will be no work in banks for 5
GDP: The country's economy is gaining momentum, GDP was 13.5 percent in the first quarter of 2022-23... The country's economy has grown at the rate of 13.5 percent in the first quarter (April-June) of the current financial year.
Bank Loan Recovery: Now banks cannot forcibly recover loans, RBI has issued a new order... Bank Loan Recovery: Keeping in mind the interest of customers, RBI has issued an order for banks. Under this, the RBI has ordered banks to stop sending objectionable messages, slander
RBI's new norms regarding digital lending will help customers to know how to get security... In the new norms issued regarding digital lending, RBI has taken special care of the interests of customers.
Banks will remain closed for 17 more days in August, see the complete list here before going to the branch... The month of August has started. If you are also going to go to the bank branch in August and settle the banking work, then definitely read this news first.
Strict action of RBI, fine of crores imposed on these 2 big banks; Don't you have an account?... The RBI has imposed a fine of one crore each on two big banks Kotak Mahindra Bank and IndusInd Bank for non-compliance with the rules.
RBI: Reserve Bank gave this advice to 5 states including Bihar, Punjab under the burden of debt... Punjab, Rajasthan, Bihar, Kerala and West Bengal need to take corrective measures by reducing expenditure on non-essential items.
SBI Interest Rates Hiked: State Bank Of India Hiked Interest Rates On Both Loans And Deposits... State Bank of India has increased interest rates on both deposits and loans.
Retail inflation softens to 7.04 percent in May due to cheaper food items... Inflation in food articles declined to 7.97 percent in May 2022 from 8.31 percent in the previous month.
After increasing the repo rate, banks made home loans, vehicle and personal loans expensive... After the increase in the repo rate once again by the Reserve Bank of India, banks and other financial institutions have also immediately increased the interest rates.
