Indian economy

Fuel Your Startup Dreams: Explore the Top Schemes to Kickstart Your Business

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It’s a golden opportunity for these budding ventures to shine on the global stage, seizing the spotlight and opening doors to unprecedented growth.

Unlocking the Power of UPI: India’s Journey Towards a Cashless Economy

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In recent years, India has witnessed a significant shift in payment behavior, with the rise of UPI (unified payments interface) transactions reshaping the country’s payment landscape. According to a research report by the State Bank of India’s economic research department, every Re 1 increase in UPI transaction value correlates with an 18 paisa decline in … Read more

Maharashtra’s government’s new Schemes Rs 1 Crop Insurance & Rs 6,000 Free to Farmers

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financial aid aims to alleviate the economic challenges faced by farmers and support them in sustaining their agricultural activities.

India’s Light Weight Portable Payment System: Enhancing Financial Resilience in Challenging Times

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In an era marked by increasing natural disasters and unpredictable geopolitical situations, ensuring the stability of financial systems has become a paramount concern. The Reserve Bank of India (RBI) recognizes the need for a reliable payment system that can function independently of traditional technology, catering to critical transactions during times of crisis. To address this … Read more

Reserve Bank of India (RBI) Unveils Agenda to Drive Digital Transformation in the Financial Sector

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The Reserve Bank of India (RBI) has outlined its ambitious agenda for the fiscal year 2023-24, signaling its commitment to driving digital transformation in the financial sector. The central bank’s agenda focuses on key areas such as central bank digital currency (CBDC), financial technology (FinTech), and regulatory technology (RegTech). By harnessing the potential of these … Read more

Increased Tax Exemption on Leave Encashment Benefits Non-Government Employees at Retirement

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The Indian government has recently taken a significant step to ease the financial burden on non-government salaried employees during retirement by raising the tax exemption limit on leave encashment. Leave encashment refers to the conversion of accumulated leave into cash at the time of retirement or resignation. Previously set at Rs 3 lakh, this limit … Read more

Google Pay Introduces UPI Payments with RuPay Cards in India

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Digital payments have revolutionized the Indian economy, and the Unified Payments Interface (UPI) has played a pivotal role in this transformation. In a significant development, Google Pay has collaborated with the National Payments Corporation of India (NPCI) to enable UPI payments using RuPay cards. This partnership aims to provide Google Pay users in India with … Read more

Tata’s Collaboration with BSNL Revolutionize India’s 4G Telecom Sector

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Tata Consultancy Services (TCS), in conjunction with its subsidiary Tejas Networks, has embarked on a groundbreaking partnership with Bharat Sanchar Nigam Limited (BSNL) to transform India’s telecommunications sector. This strategic alliance aims to deploy an advanced 4G network throughout the country, marking a significant milestone in the growth of India’s telecom industry. This article will … Read more

How to Exchange ₹2000 Rupee Notes after RBI Bans It

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Following the Reserve Bank of India’s (RBI) decision to withdraw the ₹2000 denomination banknotes from circulation, individuals possessing these banknotes may wonder how to go about exchanging them. This article provides a comprehensive guide on the process of exchanging ₹2000 rupee notes after the ban, offering step-by-step instructions and important considerations to ensure a smooth … Read more