Financial Financial News

salary slips from the first to last month of work, home loan papers, drawings of the floor plan of a house we had sold long ago, our sports and debate certificates, mother’s tailoring design cuttings, and many such things. One of the files had clippings of my column, dated with a pen, and pasted on a sheet of paper, punched and filed. We took an entire week to go through it all. It was an emotional upheaval of tears, laughter, teasing and recall of memories.

Senior citizens typically rely on their financial savings, investments, pension or real estate to fund their retirement years. Protecting these financial assets ensures that they have a steady source of income to cover living expenses and maintain a decent quality of life. The absence of this financial cushion can jeopardise their day-to-day expenses and medical requirements. While there is much talk about protecting senior citizens from online fraudsters because of their ignorance and vulnerability, what is often ignored is the risk they face from their own families, including their children, siblings and other relatives.

To make surety bond business more attractive, the government is looking at making relevant changes in the Insolvency and Bankruptcy Code (IBC) to consider insurers as financial creditor in case of default of infra projects.The surety bond issued by a general insurance company is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).The surety is a company that provides the financial guarantee to the obligee (usually a government entity) that the principal (business owner) will fulfil their obligations.

Ramsey Solutions financial expert George Kamel on how to take charge of your retirement. 

crypto assets could threaten the effectiveness of monetary policy,” noted the Synthesis Paper developed by the International Monetary Fund (IMF) and Financial Stability Board (FSB) at the request of the Indian G20 Presidency. The risks of crypto-assets or virtual digital assets (VDA) assuming the status of a “shadow” currency has also been a key concern articulated by the Reserve Bank of India (RBI), prompting the Indian financial services regulator to push for a complete ban on crypto-assets. An important consensus from the New Delhi Declaration adopted by G20 leaders is that a global coordinated approach to crypto-asset regulation is required. A key challenge faced by regulators across jurisdictions when looking to supervise crypto-assets is the blurring of geographical boundaries. Any person with access to the internet can transact on a blockchain-based private cryptocurrency, allowing for seamless transactions with counterparties across multiple jurisdictions. Several crypto-assets operate without any intermediaries, making regulation even more difficult. Consequently, a framework that has “buy-in” from regulators across jurisdictions is the only effective way to regulate crypto-assets. The Synthesis Paper seeks to address this very problem. It sets out a comprehensive policy and regulatory response to address the financial stability and macroeconomic risks triggered by the widespread use of crypto-assets. Regulators across jurisdictions will still need to frame their own rules but can rely on the broad policy recommendations of the IMF and FSB (as set out in the Synthesis Paper).

self-employment and self-sufficiency, Assam government to provide financial aid to two lakh youth for creating a robust entrepreneurial ecosystem. Assam Chief Minister Himanta Biswa Sarma launched Chief Minister’s Atmanirbhar Asom Abhijan 2023 at a function held at Janata Bhawan. It may be noted that under the scheme, financial aid will be given to two lakh youth for creating a robust entrepreneurial ecosystem. This scheme aims at facilitating self-employment among educated youth, creating entrepreneur oriented ecosystem in the state, generate employment via new ventures, financial assistance to individuals to set up or expand existing enterprises, increase focus on rural economy, and increase the seed capital amount through bank linkages where feasible. Sarma said that the scheme has been designed to create self-employment avenues in the state to enable the youth to fuel development of the state. He also said that the scheme has the potential to strengthen the rural economy. He also said that the unemployed degree holders in engineering, MBBS, BDS, agriculture, animal husbandry, fishery etc will be kept in the first category and will be given Rs.

A very common piece of investing advice is that you should conduct your own research and analysis instead of fully relying on somebody else’s recommendations. But how do you do this? When it comes to investing in stocks, the key is to evaluate and analyse the financial statements of the company you are looking at. 

The U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations

Dubai-headquartered cryptocurrency exchange Bybit has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority, or FCA.

The Pune Metropolitan Region Development Authority (PMRDA) is actively working on the development of Metro Lines 4 and 5 in Pune following approval from the Pune Municipal Corporation (PMC) to implement Phase 2 of the Metro rail project with an additional route of 113.23 km. PMRDA is already in the process of developing Metro Line 3, which connects Hinjewadi to Shivajinagar. 

Financial literacy is a critical component of economic empowerment, and it plays a pivotal role in enhancing the socio-economic status of individuals and communities. Unfortunately, in many rural areas around the world, particularly in developing countries, women often face significant challenges when it comes to financial literacy. This disparity can be attributed to several interrelated factors.

Smallcap stocks often come with the potential for significant growth and can offer attractive investment opportunities. On September 21, several smallcap companies caught the attention of investors as they crossed their 100-day Simple Moving Average (SMA), a technical indicator used to assess short-term trends. Let's explore the performance of these stocks.

WARSAW — When it comes to financial crime, banks can often be «one decision away from a huge mess,» Martin Markiewicz, CEO of Silent Eight told CNBC.

Convicted murderer Alex Murdaugh has pleaded guilty in federal court to financial crimes

Alex Murdaugh pleads guilty in federal court to financial crimes. It’s the first time he’s admitted blame before a judge

Reserve Bank of India (RBI) in its September bulletin and expressed concerns over the share of net financial assets by households in GDP declining to 5.1% in FY23 and 7.2% in FY22 from 11.5% in FY21. In absolute terms, net household financial savings added, stood at ₹22.8 trillion in FY21 and it came down to ₹16.9 trillion in FY22 and to ₹13.75 trillion in FY23. The ministry said that in spite of the trend of adding less financial assets to their portfolio than in the year before, it is important to note that households' overall net financial assets are still growing.

Stocks that were in focus on Thursday include names like Cholamandalam Financial Holdings (which was up over 2%), KSB (that rose more than 14%) and KOCL (that closed with gains of over 4% to a new high). We have collated a list of the three stocks as these have either hit a fresh 52-week high, or all-time high or have seen a volume or a price breakout. We spoke to analyst Bijay Kumar Sharma on how one should look at these stocks the next trading day entirely from an educational point of view.Here’s what the CA (SEBI RA, Regn No – INH000011282) has to say:KIOCL The stock had a good breakout on Thursday. It was under a consolidation zone from June 2021 till now.

digital currency (CBDC) also known as the 'Digital Rupee’. As of 30 June, more than a million users as well as 262,000 merchants had registered for the pilot on retail CBDC transactions. Industry experts termed CBDCs as transformative catalysts that will reshape financial inclusion, ensuring a safer and more affordable avenue for all individuals to engage in economic transactions.

Amitabh Mohanty, MD and CEO of JM Financial Mutual Fund believes India is on a multi-decade growth path and the impact of global economic slowdown could be limited on the country. In an interview with Mint, Mohanty shared his views on markets, the economy and the sectors he finds promising. The process of investment remains the same for most investors. Disciplined asset allocation after proper analysis of risk appetite and time horizon of investment, could deliver results.

The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill middling marks.

UK government's 500 million pound financial package to Tata Steel UK is expected to narrow the steel maker's losses on the back of lowered production and environmental compliance costs, according to CreditSights. Tata Steel's credit profile could remain resilient even amid lacklustre steel price dynamics, aided by strong captive iron ore resources, expectations of moderating coking coal input costs, and positive signs of a gradual turnaround of its loss-making European business, the Fitch Group company said in a statement on Wednesday. The UK government has announced it will pay up to 500 million pounds to facilitate the green transition of steel maker's Port Talbot plant in South Wales, UK.