Digital Financial News

Nirmala Sitharaman Saturday directed the Department of Expenditure to ensure that funding for all schemes and projects are routed through a single nodal agency from the next fiscal year and asked it to work with the Controller General of Accounts (CGA) for a smooth transition. Sitharaman suggested that the CGA examine whether it would be possible to make the government's annual accounts more user-friendly. She also asked the central government's accounting adviser to engage with counterparts in states to promote the adoption of the single nodal agency (SNA) system. Most of the large schemes are already routed through this system, which the minister said has helped save more than Rs 11,000 crore since 2021-22.

Companies like Coursera, upGrad, Simplilearn, Emeritus and Newton School are all seeing significantly higher numbers of female enrolments. Emeritus has seen double the growth in female enrolments in India compared to other parts of the world in the last two years, and on the Simplilearn platform, there has been a 78% growth in women's enrolment compared to 2023. These edtech firms say women are driven by the need to stay ahead in current roles, secure better career opportunities and higher earning potential, as well as transition into emerging fields like AI and data analytics.

Odisha government on Saturday launched a website for the issuance of new ration cards. Food Supplies and Consumer Welfare Minister KC Patra said this website will help in enrolling the eligible people who have been left out. He also said that by the end of this month, all pending work related to e-KYC verification will be completed. Names of lakhs of ineligible people have been deleted from the list of beneficiaries, Patra said, adding that errors in the list will be rectified soon.

Virat Kohli is set to play his 300th ODI on Sunday, and New Zealand all-rounder Glenn Phillips said the Indian batting icon's «legacy» will shine through the years while «inspiring» generations of young cricketers. Kohli will become the seventh Indian player to achieve the feat after Sachin Tendulkar, MS Dhoni, Rahul Dravid, Mohammed Azharuddin, Sourav Ganguly and Yuvraj Singh. «Obviously, he's an incredible player. And to know him a little bit personally myself is awesome,» said Phillips, who once played alongside Kohli at IPL side Royal Challengers Bengaluru. «He's an incredibly hard worker, and what he's done for the sport, but also for Indian cricket and also people coming through the game as youngsters now is absolutely fantastic,» he said on Saturday, ahead of New Zealand's Champions Trophy clash against India.

New Zealand on Saturday called up two local left-arm wrist spinners to bowl to senior batter Tom Latham and all-rounder Michael Bracwell at the nets to prepare for a possible contest against India's Kuldeep Yadav in their Champions Trophy match here. Kuldeep, the left-arm wrist spinner, mainly operates in the middle overs where Latham and Bracwell often bat. «It's (the DICS pitch) playing a little bit slow and there's obviously a good deal of turn. I think it's going to be an interesting match-up,» said New Zealand all-rounder Glenn Phillips in the pre-match press conference here. «They (India) have got three quality spinners, and it's all about rotating the strike and taking the game deep.»

Congress MP and Lok Sabha Leader of Opposition Rahul Gandhi interacted with porters at the New Delhi Railway Station on Saturday and lauded them for saving lives of several passengers during the stampede last month. The stampede occurred at the New Delhi Railway Station on February 15, which claimed the lives of 18 people. The tragedy occurred at 10 p.m. as lakhs of devotees were heading to Prayagraj for the Maha Kumbh 2025 festival, causing significant overcrowding at the station. Taking to the social media platform X, Rahul Gandhi stated, «Often it is in the darkest times that the light of humanity shines the brightest.»

interest rate of up to 8.05% to general citizens investing in FDs for short term tenures like one year. This high interest rate is for FDs worth less than Rs 3 crore. Read below to know more about which banks are offering such a high interest rate on one year tenure FDs worth less than Rs 3 crore.

GST collections grow 9.1 pc to about Rs 1.84 lakh crore in February. GST collections for January reached Rs 1.96 lakh crore, marking a 12.3% increase compared to the same period last year. In December, GST collections stood at Rs 1.77 lakh crore, reflecting a 7.3% year-on-year rise. This was a slowdown from the 8.5% growth recorded in November, attributed to reduced consumption following the festive season.

Gukesh, who lost the Tata Steel Masters in Wijk aan Zee to Praggnanandhaa on tiebreak, is behind second-placed Hikaru Nakamura (2802) while and Norway's Magnus Carlsen (2833) continues to be the top-ranked chess player in the world. The Indian Grandmaster has overtaken compatriot Arjun Erigiasi and USA's Fabiano Caruana.

Tony Abbott, who is currently visiting India, said that he has «always been a friend of India.» PM Modi also spoke about how Abbott during a visit to Dilli Haat venue in the national capital enjoyed millets. Sharing a picture with Abbott on X, PM Modi stated, «Delighted to meet my good friend and former Australian PM, Mr. Tony Abbott. He has always been a friend of India's. We have all seen him enjoy millets during his current visit.»

Nirmala Sitharaman on Saturday asked civil accounts services officials to work towards making the government's annual accounts more approachable and user-friendly. Addressing the 49th Civil Accounts Day event here, Sitharaman lauded the Indian Civil Accounts Service (ICAS) officers, led by the Controller General of Accounts (CGA) for the «silent technological revolution» in which states are finding a lot more ease of operation and ease of getting their government business done by adopting the public financial management system (PFMS). «I would also like you to examine, in consultation with the CAG, whether it would be possible to make the annual accounts more approachable and user-friendly and allow citizens to analyse easily and generate customisable and simpler reports,» Sitharaman said. She said that since a lot of digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA. «If you're able to make the report a lot more user-friendly, that itself can generate a lot of interest in the work that you do,» the Minister said.

Rs 2000 banknotes have been returned to the banking system, and only Rs 6,471 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, declined to Rs 6,471 crore at the close of business on February 28, 2025, RBI said. «Thus, 98.18 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,» it said in a statement.

All scheduled and non-scheduled banks are closed on the second and fourth Saturdays and banks work on the first and third Saturdays (fifth in some cases) of the month unless announced as a holiday in the RBI’s holiday list. Also read: Money deadlines in March 2025: From special FD deadline to UAN activation

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Subscribe to enjoy similar stories. Aiming to boost digital health accessibility among citizens, the Union government has planned to train joint directors to impart knowledge, help in implementation, and keep them updated about the Ayushman Bharat Digital Mission (ABDM). A two-day national workshop will be held in Bihar on 7-8 March, to focus on building the capabilities of these crucial links in the ABDM system.

As India Inc looks to leverage new technologies, the widening skills gap is a growing concern. A 2023 PwC report, 'Winning Today's Race While Running Tomorrow's', says that 77% of Indian CEOs cited skill shortages as a barrier to growth, up from 64% in 2019. To compete in the digital economy, traditional workforce skills must be upgraded. However, a significant portion of the workforce remains ill-equipped for market demands.

Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin (BTCUSD) trading around $81,000—more than a quarter off its January peak.

Imam of Delhi's historic Jama Masjid announced that Muslims will observe their first roza (fast) on Sunday, March 2, following the moon sighting expected on Saturday evening. As per Islamic tradition, the official start of Ramadan is determined by the sighting of the crescent moon. Since the moon was not visible on Friday, Ramadan will begin Saturday evening with the moon's appearance, which will mark the first day of fasting on Sunday.

Jio Platforms, the telecom and digital arm of Reliance Industries, is building an AI personal computer in the cloud which is compatible with any consumer screen and will allow users to build compute-intensive AI applications, Aakash Ambani, chairman, Reliance Jio Infocomm said. He added that companies which do not embrace AI and reimagine their functions will have a “bleak” future. Further, he believes that AI will transform the future of jobs but won’t replace them. “We have a consumer application which we will be shortly launching. It’s a cloud PC, which is a complete PC in the cloud, which is accessible in each of your houses but really be device agnostic. No hardware. You can build high compute AI applications on top of that. And what you can leverage is the reach that Jio has,” Ambani said at the Mumbai Tech Week on Friday.

If the tariffs are confirmed, «Europeans will respond and therefore there will be reciprocal tariffs. Because we must protect ourselves, defend ourselves,» Macron said in Porto during a state visit to Portugal. «We must not be weak in the face of these measures,» he said alongside Portuguese Prime Minister Luis Montenegro.

Subscribe to enjoy similar stories. If you read our profile of former Disney employee Matthew Van Andel, whose life was destroyed following a single download, you might be wondering: How can I prevent this from happening to me? The bad news is that anyone who uses the internet can be hacked. That is because in the game of hacking, the bad guys can fail as many times as they like.