Category

Uncategorized

U

In another of year-ending stories, gold has seen the biggest monthly advance since August 2017

Gold prices surge

 Cool Title, but what’s the news? Gold is rallying into the end of 2018 as turmoil in global equities, the partial U.S. government shutdown and concerns about the outlook for next year stoke demand.  Okay, but what does it mean? The yellow metal is on course for its biggest monthly advance, since August 2017, as a number of global factors contributed in lifting the gold prices. At a time when the...

In the wake of prolonged strike, banking services are going to be adversely affected

Bank strike

 Cool Title, but what’s the news? Banks, from today, are going on a 6-day strike, until the coming Wednesday. The operations will again resume on Monday and will again be ceased till Wednesday. The bank officials are demanding unconditional mandate for the XIth bipartite wage revision talks, based on demands submitted last year in May.  Okay, but what does it mean? Banking operations, throughout...

An early Christmas present for Indian currency market!

stronger rupee

 Cool Title, but what’s the news? The Indian rupee is on course for its best quarter, since March 2017, extending into the new year. The rupee jumped 2.1 percent over Monday and Tuesday, which was its biggest two-day gain since the September of 2013, before ending little changed on Wednesday.  Okay, but what does it mean? India – majorly an importing economy, with its major chunk of imports...

With this move, banks and telcos cannot force you to share your Aadhaar details

Aadhaar

 Cool Title, but what’s the news? Prime Minister Narendra Modi led cabinet has finally given the nod to introduce amendments to the Telegraph Act and the Prevention of Money Laundering Act, for making Aadhaar voluntary for mobiles and bank accounts.  Okay, but what does it mean? In September, the Supreme Court had imposed restrictions on the use of Aadhaar, by private companies. And the latest...

In a one of its kind move, SEBI has made Mutual Funds investing less pricey

SEBI

 Cool Title, but what’s the news? In a first-ever move, markets regulator SEBI has issued new norms to cap total expenses for investment in Mutual Funds at 2.25 per cent, bringing in a much needed overhaul to the fee structure that mutual funds charge from investors.  Okay, but what does it mean? Known as Total Expense Ratio (TER), it is the fee that Mutual Funds collect from investors, every...

There’ll be finally something to cheer about for new loan borrowers!

RBI

 Cool Title, but what’s the news? The RBI, in its bi-monthly monetary policy review announced on 5 December, has directed banks to switch to external benchmarks to determine interest rates of new retail floating-rate loans. The change could be effective from April 1, 2019.  Okay, but what does it mean? The new regulation will force banks to adopt a uniform external benchmark, within a particular...

In a notable move for retirees, NPS withdrawal has been made 100% tax free

NPS

 Cool Title, but what’s the news? In a recent move by the centre, the government has made the National Pension Scheme (NPS) more tax friendly, by offering complete tax exemption to 60% of the entire money that an investor can withdraw on maturity.  Okay, but what does it mean? Before the new regulations, only 40% of the total corpus (down from the current 60) was tax-free. But now the entire 60%...

Buying your 2nd vehicle? The latest move by IRDAI might save you some money

IRDAI regulates CPA

🤔 Cool Title, but what’s the news? From the 1st of January, 2019, vehicle owners will not have to purchase separate compulsory personal accident (CPA) cover for each new vehicle they buy. The insurance regulator is all set to unbundle the CPA cover and allow issuing of a standalone CPA cover for the owners. 😕 Okay, but what does it mean? Today, anyone purchasing a vehicle has to mandatorily...

New RBI governor is in the house. It’s time to be excited?

Shaktikanta Das - New RBI Governor

🤔 Cool Title, but what’s the news? There cannot be any other news today. The country’s going through some major reshuffling with the appointment of new RBI governor – Mr. Shaktikanta Das, after Mr. Urijit Patel cut-short his tenure and resigned. 😕 Okay, but what does it mean? Given that the markets have not performed very well this year, in the light of various unforeseen events...

Get the Sqrrl App Now

Download Sqrrl and start saving and growing your money, today!
Play Store App Store

Subscribe via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Our social game is bang on!

Maybe you should follow us everywhere!

Trending Post

Recent Posts

Get the Sqrrl App Now

Download Sqrrl and start saving and growing your money, today!
Play Store App Store

Our social game is bang on!

Maybe you should follow us everywhere!

Trending Posts

Recent Posts