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ECONOMIC REVIEW The global economy faced challenges in 2022 due to geopolitical tensions and tightening financial conditions. However, after the Omicron wave and successful vaccination efforts, the global economy showed resilience. The IMF revised global growth estimates to 3.4% for 2022. Global trade growth was revised down to 5.1%. Global inflation remained high at 8.7%. Capital flows to emerging markets were subdued. Domestically, the Indian economy recovered and grew by 7% in 2022-23. Hea..

As we know, managing multiple bills each month can be quite bothersome. The multitude of bills, ranging from utilities to credit cards to subscription services, makes it challenging to keep track of all the deadlines. Remembering when each bill is due becomes a task, and finding the time to sit down and pay it all can be even more demanding. The array of bills can quickly become overwhelming, from utility bills to credit card statements to various subscription services. In addition, paying ea..

Introduction In today's increasingly connected world, where technology has become an integral part of our lives, the importance of data privacy and data protection cannot be overstated. As individuals, organizations, and governments generate and handle vast amounts of data, it is crucial to understand the need to protect this information and preserve the privacy of those it concerns. This article aims to shed light on the significance of data privacy and data protection in the present tim..

The Reserve Bank of India (RBI) has recently made a significant announcement that will impact the way we handle our currency. In a move to maintain a robust and efficient currency circulation system, the RBI has decided to withdraw the ₹2000 denomination banknotes, which were introduced in 2016 after the historic demonetization move. While these banknotes will remain legal tender, their usage has gradually declined, leading the RBI to replace them with other denominations. This strategic decisio..

The Reserve Bank of India has announced that it will no longer circulate the Rs 2,000 currency notes. To comply with this decision, individuals are required to deposit their Rs 2,000 banknotes into their accounts or exchange them for other denominations at any bank branch by September 30, 2023. The process of depositing into bank accounts can be done as usual, without any restrictions. The exchange of Rs 2,000 notes for different denominations will begin on May 23, 2023, as per the RBI's sta..

Owning a home is a significant milestone in a person's life, representing a substantial financial and emotional investment. Since the purchase of a house needs huge financial support, most people go in for a home loan from banks or financial institutions. With the flexibility to choose a loan tenure and easy monthly installments, a home loan can be a boon for home buyers. However, there are several factors to consider when applying for a home loan, some of which are illustrated below: 1. ..

Prologue Information and communication technology has become an integral part of our day-to-day life. It has transformed the way we communicate, share updates, do shopping and the financial transactions, etc., Our new generation is getting exposed to cyber space at a very young age. Use of online games, social networking, online shopping, etc., has increased the use of cyber space. Cyber technology has transformed the way we do the financial transactions. All these developments paved way for ..

Introduction When it comes to success in trading, strategy is a core factor. It is what determines the profit you will make in that trade. If you apply it well, it guarantees you something to take out of a trade as a gain; if not, you will just be contributing to the trading platform. This is why it is essential to explore strategies to make profits before starting any sports trade. The importance of knowing trading strategies cannot be overemphasized, especially if you are new to sports t..

Introduction Since the launch of the Aviator game, it has taken the casino industry by storm, as most gamers find the game website engaging and highly captivating. The massive acceptance of the Aviator game amongst casino players can be attributed to the uniqueness that the game brought with it, which is refreshingly different from what is currently obtainable in the casino industry. However, the Aviator game seems to have kick-started a trend of what future casino games should look like. ..

Millennials are the generation born between the early 1980s and early 2000s. They are the largest generation in India, and they are facing a number of financial challenges. The cost of living is rising, student loan debt is high, and the job market is competitive.  Despite these challenges, millennials have a number of advantages. They are more likely to be educated than previous generations, and they are more comfortable with technology. They are also more likely to be open to new ideas..

Finance Minister Nirmala Sitharaman stressed the government’s priority to incentivise and encourage expenditures in India through production-linked incentive (PLI) schemes, that have been grew beyond the initial 14 sectors to include semiconductors and solar components. Inviting Japanese investors to invest in India, the minister said the country had relaxed various restrictions to ensure greater ease of doing business and draw more investments. Sitharaman interacted with business leade..

The Reserve Bank of India (RBI) has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterprises for classification under the priority sector lending (PSL) norms. "IMEs with an Udyam Assist Certificate shall be treated as Micro Enterprises under MSME for the purposes of PSL classificat..

India has a hidden wealth of unclaimed deposits worth billions of rupees lying dormant in banks and financial institutions. Many people, due to various reasons, forget about their old bank accounts, investments, shares, and dividends, which ultimately become unclaimed deposits after 10 years of inactivity. According to recent data, there are more than 10.24 crore unclaimed deposits in India, amounting to approximately Rs. 35,000 crore, as of February 2023. This number is expected to increase wit..

What is Predictive analytics?  Predictive analytics is the process of using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. It is a type of data analytics that uses statistical algorithms to analyze past data to make predictions about future events. Predictive analytics uses various techniques such as data mining, machine learning, statistical modeling, and artificial intelligence to analyze his..

Here are ten significant financial and administrative changes that will come into effect in May 23. 1. PNB to levy charges on failed ATM cash withdrawal due to insufficient funds from May 1, 2023 Starting from May 1, 2023, Punjab National Bank (PNB) will charge Rs 10+ GST on failed domestic ATM cash withdrawal transactions due to insufficient funds. The bank is also revising fees for the issuance of debit and prepaid cards, annual maintenance fees, and will start charging for denied debit ..

If you are a homebuyer in India and your house is stuck in a delayed real estate project, here are some actions you can take: 1. File a complaint with RERA The Real Estate (Regulation and Development) Authority (RERA) is a law that helps protect homebuyers in India. If a homebuyer has paid money to a developer for a property but the developer has not given possession of the property on time, the homebuyer can take action. Under RERA, the homebuyer can either ask the developer to give th..

I. Introduction Collective bargaining is a process of negotiation between employers and employees, typically represented by a union, to determine the terms and conditions of employment. This negotiation can cover a wide range of issues, including wages, benefits, working hours, job security, and workplace safety. In India, collective bargaining has played a critical role in the growth and development of the labour movement. It has helped workers secure better wages, safer working condition..

Non-resident Indians (NRIs) will now be able to access Unified Payments Interface (UPI) using their international mobile numbers. The National Payments Corporation of India (NPCI) has allowed NRIs living in 10 countries to use UPI using their international mobile numbers for bank accounts which are classified as Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts. This move will eliminate the maintenance cost of keeping an Indian mobile number active for NRIs. Previously, NRIs..

Over the last decade, there have been a lot of changes in the spending habits of the average Indian. Today, credit cards are a preferred way of making payments by the young generation. Credit cards are convenient, and widely accepted and offer benefits like cashback rewards, travel benefits, discounts at partner channels and fraud protection. At the same time, it is also equally important to be aware of how to use a credit card effectively to ensure that one gets the maximum benefits out of it. ..

Introduction Intellectual Property Rights (IPR) are a set of legal rights given to individuals or entities who create or innovate in the fields of arts, literature, inventions, trademarks, and designs. These rights are designed to protect the interests of creators and encourage innovation and creativity. In today's knowledge-based economy, intellectual property is a valuable asset for businesses, individuals, and society as a whole. This article provides a comprehensive overview of intell..