Inclusion Financial News

The Indian real estate sector, a cornerstone of the nation’s economy, is undergoing a monumental shift. As urbanization accelerates, with projections indicating that 40% of India’s population will live in urban areas by 2030, the demand for both residential and commercial spaces is skyrocketing. This growth, while promising, brings with it the pressing need to balance economic advancement with environmental sustainability and social responsibility—a challenge not unique to India but faced globally as nations strive to create future-proof, equitable development models.

Mint explains how these two provisions impact credit card users. Controlling the billing cycles of your card has many benefits. A billing cycle is the period between two consecutive statement dates.

India, ranked as the world’s fifth-largest economy, is primed for significant progress driven by a robust government framework, a stable macroeconomy, substantial investments in infrastructure, and a foreign policy prioritising national interests, said Romal Shetty, CEO of Deloitte-South Asia. The government and corporates have jointly set standards of excellence, he said.

BJP leader Mukhtar Abbas Naqvi feels Congress leader Rahul Gandhi is the biggest liability of the opposition bloc and warned that several opposition parties could risk losing recognition from the Election Commission after defeat at the hands of the Narendra Modi-led BJP in the upcoming Lok Sabha polls. The former Union minority affairs minister tried to dispel fears revolving around the implementation of CAA by saying, «Not a single Indian citizen, including Muslims, would be affected by the new legislation» and accused the opposition of trying to create communal conflict and confusion across the country. In an interview to PTI, Naqvi predicted a decisive victory for the BJP government for a third consecutive term, citing a widespread loss of faith among the populace in opposition parties, particularly the Congress. He criticised opposition bloc INDIA, saying it lacks coherent leadership and policies, with internal conflicts and ambitions hindering its effectiveness.

Bobby Cannavale stars in 'Ezra,' a heartwarming family dramedy directed by Tony Goldwyn. The film's trailer showcases Cannavale's character, stand-up comic Max Bernal, as he navigates the challenges of co-parenting his autistic son, Ezra, played by William A. Fitzgerald. Release Date

Muthoot Microfin on Friday announced foray in Telangana and will inaugurate four branches in the state during March in the first phase of expansion. These branches will serve locations including Bhuvanagiri, Jangaon, Hanmakonda and Parakala, enhancing accessibility to financial services, the company said in a release. Subsequently, Muthoot Microfin plans to further establish branches in Andhra Pradesh by June 2024, reinforcing its commitment to advancing financial inclusion in the two states. «In line with our growth strategy of increasing our distribution network and acquiring new customers, we will further expand our operations in Telangana. Soon, we will be entering Andhra Pradesh as well,» said Sadaf Sayeed, CEO, Muthoot Microfin.

Also Read: Paytm gets a third-party license from NPCI. What does this mean for you? ‘’In light of the recent development, users may have questions regarding the functionality of Paytm app. Users and merchants must note that the Paytm app is working and will continue to do so even after March 15, 2024,'' Paytm clarified in a statement on March 15.

Governor Shaktikanta Das said that the central bank's assessment of grievances received at RBI offices revealed gaps in systems and procedures in financial institutions. «We have brought such deficiencies to the notice of the individual banks and NBFCs. Our effort is to work with the regulated entities and rectify such deficiencies,» Das said at the annual conference of RBI Ombudsman held in Mumbai.

The rise of digital payments in India has been revolutionary, fueled by technological progress and government efforts to promote cashless transactions and financial inclusion. Government initiatives like the 2016 demonetisation, aimed at reducing black money and encouraging cashless transactions, gave a significant boost to digital payments. Moreover, the introduction of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI) transformed the digital payment scene. Today, India boasts one of the world's most advanced digital payment systems. 

Advisors affiliated with Cetera now have more clarity on how to deal with bitcoin ETFs. The independent broker-dealer has launched a groundbreaking initiative to integrate bitcoin ETFs into its suite of offerings for financial professionals.

PM Modi and his policies, like the 'Viksit Bharat' Programme. I have full confidence that under the leadership of PM Modi, we will be able to keep our country safe and take it forward," she said. BJP is emerging in the mind of a common Punjabi, said BJP National General Secretary Vinod Tawde as he welcomed Kaur to the saffron party.

Citroen on Thursday said it plans to scale up the sales network in India to over 200 outlets by the end of this year, a three-fold jump from its existing touchpoints. The addition of new dealerships, across urban, semi-urban, and rural markets will significantly increase the company's footprint from its existing 58 outlets spread across India, Citroen India said in a statement. This transformative initiative underscores the brand's dedication to delivering an unmatched Citroen brand experience to a diverse and expanding customer base nationwide, it added. «We are looking to aggressively make Citroen available to consumers and extend the potential of our products beyond Tier I/Tier II cities,» Citroen India Brand Director Shishir Mishra said.

Pawan Kalyan today announced that he will contest the forthcoming Andhra Pradesh elections from Pithapuram constituency. The leader of the Jana Sena Party revealed his decision during a public gathering on Thursday. This announcement follows the recent agreement between his party, the BJP, and the TDP, led by Chandrababu Naidu, regarding seat-sharing for the upcoming Lok Sabha and Assembly elections in Andhra Pradesh. Reacently, NDA partners in Andhra Pradesh settled on a seat-sharing formula for both the Lok Sabha and state polls. According to the arrangement, the BJP will contest six Lok Sabha and 10 assembly seats, while the TDP will vie for 17 parliamentary and 144 state seats. JanaSena, led by Pawan Kalyan, will enter the fray with two Lok Sabha and 21 assembly seats. TDP supremo N Chandrababu Naidu confirmed this allocation after the meeting. The negotiations, spearheaded by Senior BJP leader and Union Jal Shakti Minister Gajendra Singh Shekhawat, brought together Naidu, Kalyan, and other key figures in Amaravati to solidify the seat-sharing pact for the upcoming polls.

Kotak Gilt Fund, India’s first Gilt fund, has completed its 25 years. The fund continues to be a trifecta of sovereign credit, daily liquidity and no credit loss to investors in 25 years since inception. The scheme was launched on December 29, 1998. It has delivered a Compound Annual Growth Rate (CAGR) of 8.99% since its inception. “Launched 25 years back in 1998, It has witnessed many rate cycles (no credit loss as investment is in gilts) to deliver to investors along with daily liquidity. Kotak Gilt fund – Triveni Sangam of Sovereign credit, daily liquidity and 25 years of service to the investors,” said Nilesh Shah, Managing Director, Kotak Mutual Fund.

In a blog post, the ECB is at pains to debunk a number of myths about the role of a future digital euro, insisting that the new digital currency would be designed from the outset to preserve the economic function of commercial banks. It achieves this by placing strict limits on individual digital euro holdings and restricting merchants from hoarding digital euros processed at the checkout. Nor would the digital euro accrue interest - a feature which former Bank of England economist Andy Haldane has called out as "stealth tax scandal". Users would be able to seamlessly link their digital euro account to a payment account with their bank, says the ECB, enabling a 'reverse waterfall' mechanism.

Rajnath Singh has approved a proposal for the expansion of the National Cadet Corps (NCC) with the addition of three lakh cadet vacancies. This decision comes in response to the growing demand for NCC enrolment from educational institutions across India. Since its inception in 1948 with just 20,000 cadets, the NCC will now have a sanctioned strength of 20 lakh cadets, solidifying its position as the world's largest uniformed youth organization. The inclusion of NCC as an elective subject under the National Education Policy 2020 aligns with the government's efforts to empower youth to become future leaders of the nation. The expansion plan aims to evenly distribute vacancies across all States and Union Territories, reducing the waiting list of institutions seeking NCC affiliation. It involves the establishment of four new Group Headquarters and the addition of two new NCC units.

Congress as it was the only constituency in Madhya Pradesh that the party managed to win in the 2019 elections. Let's explore this constituency in depth, covering its political history, demographics, recent elections, and voter turnout. Chhindwara Lok Sabha Elections: Dates

FM Nirmala Sitharaman on Tuesday held deliberations with stakeholders from various sectors to identify actionable ideas to boost growth and realise the goal of turning India into a developed nation by 2047. The participants included experts from various industries, start-ups, sunrise and emerging sectors, fintech, infrastructure, banking and financial services, social sector, academia and think tanks, the finance ministry said in a statement.

Department of Tourism, Government of Uttarakhand on Wednesday said that Tehri is set for a makeover with several developmental projects on the anvil for which the Asian Development Bank (ADB) has approved a funding of Rs 1294 crore. The projects will be funded in a ratio of 80:20 with ADB bearing 80% of the expenditure and the Uttarakhand government bearing 20% of the expenses. Sachin Kurve, Secretary, Tourism, and CEO of Uttarakhand Tourism Development Board said that in order to promote sustainable inclusive, climate resilient tourism, and for the development of designated areas in Tehri, the state decided to develop Tehri Lake and surrounding areas as a “Special Tourist Area” after which Tehri Special Area Development Authority (TADA) was established under the Tehri Special Area Development Act 2013.

Mixed Route Juice has secured the complete 360 advertising (ATL & BTL), marketing, and digital mandate for Project Vikalp, which operates in the realm of Women’s Sexual rights by Ipas Development Foundation. The project targets rural regions in Rajasthan, Madhya Pradesh, and Assam.

I booked a residential apartment in March 2021 and paid ₹50 lakh ( ₹18 lakh down payment + 38 lakh home loan), which is being sold for ₹95 lakh now. The apartment is now ready for possession. But instead of taking possession, I want to sell it. What happens if I sell it out now? Does it attract capital gains?